CNBC Daily Open: Markets finally get a calm weekend; Nvidia and SK Hynix announce massive memory deal
It’s been a relatively calm weekend. Finally, there was a pause in the fighting in the Middle East instead of an escalation.
Singapore tightens monetary policy in surprise move as rising oil prices rekindle inflation risk
Unlike most central banks, the MAS manages medium-term price stability by managing the Singapore dollar exchange rate against a trade-weighted basket of currencies.
Oil slides 6% as Iran reportedly signals halt to attacks if U.S. pause holds
Oil prices fell after Iran reportedly said it would suspend attacks as long as a U.S. pause in hostilities remains in place.
Here’s the tech stock to buy in a market losing patience with tech
It’s not the spend, it’s the return.
S&P 500 falls into the red despite Iran fighting pause as chip stocks tumble: Live updates
Stocks reacted to a pause in fighting between the U.S. and Iran over the weekend.
Wildfires threaten Bordeaux as France and Spain battle blazes
About 220,000 people have been evacuated in France, while in Spain more than 75,000 people have been evacuated and a further 30,000 ordered to shelter in place.
For Gen X investors, dotcom bubble haunts stock market portfolios closing in on retirement
Many Americans in the 50-55 age range have 10 to 15 work years left, extending 401(k), IRA growth investing, but they can’t afford an ill-timed market crash.
Shein flags tariff hits after posting quarterly loss ahead of Hong Kong IPO
The retailer won approval from China for its Hong Kong listing on July 10, clearing the way for a listing after failed attempts in New York and London.
New UK Prime Minister Burnham says he would be prepared to call out Trump
Burnham said he had a phone conversation with Trump on Monday when he officially took on the role, describing it as “a good exchange”.
Suspect in Berlin Pride attack shot dead by police
Berlin police said overnight they had identified a suspect, naming him as Abdul B and publishing his picture.
