CNBC Daily Open: Dispatch from NATO, U.S. strikes Iran and Le Pen is back
Tensions between the U.S. and its allies heat up at the NATO Summit, while a fresh wave of stikes threatens the ceasefire in Iran.
Andy Burnham’s theory of devolution for Britain
The U.K.’s prime minister in waiting wants to devolve power from London to the nation’s regions. But past efforts have been anything but successful.
Lawmakers probe growing use of Chinese AI models in U.S. companies
An ongoing House Committee investigation is probing the risks involved in the rise of AI built in China.
Gold wavers as investors weigh US strikes on Iran, await Fed minutes
Gold wavered on Wednesday, as concerns around inflation and higher rates rose after fresh U.S. strikes on Iran lifted oil and the dollar ahead of the release of the Fed’s June meeting minutes.
Chinese autonomous-driving firm Momenta rises 3% in Hong Kong stock debut
Chinese autonomous driving firm Momenta debuted on the Hong Kong stock exchange on Wednesday, rising 3%.
China’s rare missile test will push wary Asia-Pacific countries to close ranks, analysts say
China’s rare launch of a ballistic missile launch into the Pacific will push regional powers to deepen their defense ties.
CNBC Daily Open: Strait of Hormuz, Ukraine’s attacks in Russia, Greenland
Geopolitics are back in focus, with the U.S. retaliating against Iran after several ships were struck in the Strait of Hormuz, and Ukraine hitting Russia.
Oil surges 5% after Trump says ceasefire with Iran is over
Trump’s comments came after the U.S. launched fresh strikes on Iran in retaliation for attacks on commercial vessels in the Strait of Hormuz.
Wednesday’s big stock stories: What’s likely to move the market in the next trading session
A decline in chip stocks and a spike in oil prices dragged the market down on Tuesday. The Nasdaq lost more than 1%, while the Dow pulled back from 53,000.
