SoftBank sinks over 9% as Asia chip stocks track Wall Street AI sell-off
The declines followed another weak session for U.S. technology stocks, with the Nasdaq Composite falling 1.47% as semiconductor shares came under renewed pressure.
Oil prices rise after Kuwait says Iran attacked water desalination and power plant
Fighting between the U.S. and Iran escalated.
CNBC Daily Open: Trump takes the stage — without his longtime teleprompter operator
U.S. President Donald Trump is poised to give a primetime speech on Thursday focusing on election security, although with a new teleprompter operator.
Seven & i shares end 3.6% higher on report of stake talks with Polish convenience chain Zabka
Shares of Seven & i Holdings Co. jumped after a report said the company was looking to buy a stake in Poland’s Zabka Group.
One of China’s top investors says finance, not AI, is the country’s biggest bottleneck
Finance would be China’s weak point in a prolonged rivalry with the U.S. which has the world’s deepest capital market, says Primavera Capital founder Fred Hu.
S&P 500 closes lower, Nasdaq falls more than 1% as chip stocks suffer: Live updates
The moves come after a decline in chipmakers dragged the broader market lower and the U.S. continued to strike Iran overnight.
Jim Cramer says the pullback in this aerospace giant is a buying opportunity
CNBC’s Jim Cramer said GE Aerospace’s post-earnings sell-off overlooks another strong beat-and-raise quarter.
Has Nike lost its ‘cool’ factor? LeBron James weighs in
Nike’s stock has slumped as the sportswear giant faces new competitors and waning influence. LeBron James has some advice on how to regain its ‘cool’ factor.
Oil pipelines around the Strait of Hormuz won’t end the threat Iran poses to Middle East crude exports
Oil producers are building or contemplating new pipeline projects to bypass the Strait of Hormuz, but this infrastructure is still vulnerable, analysts said.
Alphabet shares fall on report its most powerful AI model Gemini 3.5 Pro is delayed
Alphabet announced the Gemini 3.5 Pro AI in May, saying it was being used internally but wouldn’t be ready for a broader rollout until the following month.
