UBS CEO says the AI pullback is healthy — but there’s a bigger risk investors should watch
The Swiss banking gian reported pre-tax profits of $3.6 billion for the quarter, as CEO Sergio Ermotti warned of geopolitical volatility ahead.
Minister apologizes as Korean leveraged ETF investors nurse heavy losses amid chip stock rout
Korean retail investors have racked up heavy losses from leveraged bets on stocks, following rule changes earlier this year.
CNBC Daily Open: Banking beats, SK Hynix sinks and surprise attack rattles oil
Big banks in Europe beat expectations, but tech stays in the doldrums and oil prices surge after a surprise strike against U.S. forces.
BTS’ concerts have been so successful, it’s now bad for its own agency’s shares
Shares of Hybe tanked 16.09% on Tuesday, marking its worst day since June 2022. It then extended losses to tumble as much as 16.31% on Wednesday.
Britain tried war bonds before — and savers paid the price
Proposals for the U.K. to finance extra spending on defense by issuing “war bonds” may bring back some unhappy memories.
Why America’s super rich have embraced the appeal of British soccer teams
American investors now control more than half the Premier League. CNBC examines why U.K. soccer clubs have become attractive long-term assets.
Chip stocks shed more than $1 trillion as selloff hits companies powering AI boom
Nvidia, SK Hynix and Samsung Electronics have led the selloff since market close on Friday.
CNBC Daily Open: Renewed fire from Iran, a big quarter for SK Hynix and a quake in Japan
Iran launched a surprise missile attack on U.S. forces in the Middle East, forcing traders to reprice the odds that hostilities linger. Japan had a major quake.
Brent oil jumps back above $90 after Trump threatens to hit Iran hard
Oil rose sharply amid renewed tensions in the Middle East after Iran launched an attack on U.S. forces using ballistic missiles.
SK Hynix shares tank as exponential earnings growth fails to satisfy AI-charged expectations
SK Hynix shares fell as exponential profit and revenue growth failed to meet analysts’ lofty expectations for a darling of the artificial intelligence sector.
