U.S. Treasury will oversee frozen Iranian funds when they’re released, Bessent says
Treasury Secretary Scott Bessent said once Iranian frozen assets are released, they will be overseen by Treasury and routed largely to U.S. agriculture, medicines.
France suffers major power outage as Europe sizzles in record-breaking heat
A heat-related power outage left around 68,000 homes without electricity in western France as record-breaking heat sweeps Europe.
BlackBerry has morphed into a ‘mission critical’ player in tech, making it a buy, says Stifel
The investment firm initiated coverage of BlackBerry with a buy rating.
10-year Treasury yield falls below 4.5% as oil falls to pre-war levels
The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — slid below the 4.5% threshold.
Defense stocks plummet on reports Germany is scrapping warships; Rheinmetall stock down 18%
Berlin is planning to scrap a multi-billion-euro project to build the F126 frigates, according to reports.
UK prime minister: An impossible job?
A country once known for political stability now looks almost ungovernable.
Tankmaker KNDS lays out IPO plans amid defense selloff in Europe
KNDS plans to list shares in Paris and Frankfurt, with current shareholders expected to sell up to 20% of existing share capital.
Morgan Stanley doubles China humanoid robot shipment forecast as commercialization accelerates
Morgan Stanley has sharply raised its outlook for China’s humanoid robotics market, as early commercial deployment in real-world scenarios accelerated.
CNBC Daily Open: Trump takes on big oil
President Trump accuses energy companies of price “gouging” customers by keeping oil prices at the pump higher.
U.S. crude oil briefly dips below $70 as tankers transit Strait of Hormuz
U.S. President Donald Trump intensified pressure on oil companies to lower gasoline prices following the recent decline in crude.
