Germany and France drop joint fighter jet project
The leaders of Germanyand France have agreed to scrap a landmark project to develop and build a new-generation fighter jet, officials said Monday.
CNBC Daily Open: Tim Cook’s last WWDC, tech IPOs and Middle East tensions
Tensions in the Middle East still continue to simmer as Israeli Prime Minister Benjamin Netanyahu warned the war “has not yet ended”
Asia chip-linked shares recover after U.S. peers bounce back
In the U.S., chip stocks powered gains on Monday, helping the S&P 500 gain 0.3%, while the tech-heavy Nasdaq Composite advanced 0.86%.
Perplexity plans IPO in 2028 regardless of what happens to Anthropic or OpenAI, CEO tells CNBC
Perplexity CEO Aravind Srinivas’ comments come after AI giant Anthropic confidentially filed to go public.
CNBC’s The China Connection newsletter: Humanoid robots are great, but they need buyers too
Chinese companies ramp up humanoid robot development and production, often with global aims.
Stock futures rise as chip rebound lifts S&P 500 to winning day; South Korea stocks jump 7%: Live updates
A rally in chip stocks boosted the S&P 500 and Nasdaq Composite on Monday.
OpenAI confidentially files for IPO, prepping Wall Street for mega AI debut
OpenAI’s confidential filing lands days before SpaceX is set to go public and a week after Anthropic announced its confidential disclosure with the SEC.
Tom Lee’s clients are worried SpaceX IPO will mark a market top. He’s not
The Fundstrat managing partner and head of research said that there’s enough cash on the sidelines that public markets can absorb the Elon Musk company’s debut.
Kalshi traders say Strait of Hormuz traffic won’t return to normal before January
Two weeks ago traders on Kalshi saw a 60% chance that the Strait of Hormuz would open before August. Now traders see a higher chance it won’t open before 2027.
Silicon Valley’s new buyout playbook is hitting Wall Street
Instead of selling AI tools to companies, venture firms are buying legacy companies outright and rebuilding them around AI from the inside.
