Alibaba and Baidu shares jump in Hong Kong on Apple AI partnership
The technological rivalry between China and the U.S. has intensified, as they race for AI dominance.
Bank of Korea raises rates to 2.75% in first hike in over three years
The 25 basis point hike by the Bank of Korea was in line with a survey of economists polled by Reuters.
Ex-Fed advisor gets over three years in prison for lying about China ties
The case marks one of the most prominent U.S. prosecutions alleging Chinese intelligence targeting of U.S. institutions, as Trump intensifies its pursuit of foreign economic espionage.
CNBC Daily Open: Big Tech rally drowns out Iran war fears — Buffett urges caution
Stocks closed higher on Big Tech gains and a surprise drop in wholesale prices, shrugging off fresh U.S. strikes on Iran, a naval blockade.
SK Hynix shares plunge over 11% as Asia sees tech rout, tracking U.S. chip losses
Asian semiconductor stocks tumbled on Thursday as a selloff in U.S. chipmakers spilled into the region.
$100 million New Jersey deli fraud defendant Patten wants no prison time despite past conviction
James Patten is the person to be sentenced for a scheme that sent the market capitalization of a company that owned just a small New Jersey deli soaring.
Stock futures are little changed as traders await retail sales and labor data: Live updates
Investors are looking ahead to retail sales data and jobless claims for further signs the economy is slowing enough to keep inflation under control.
World Cup gave bars and restaurants a needed boost as consumers flash warning signs, Fed says
The latest edition of the Fed’s Beige Book indicated that the soccer tournament wasn’t necessarily translating to broader economic growth.
Historic IBM stock crash sets up unique options strategy
IBM shares fell just over $73 to ~$217 — a jaw-dropping 25% single-day decapitation.
SpaceX stock sinks below $135 IPO price for the first time
SpaceX shares fell for a fourth-straight session on Wednesday days after entering the Nasdaq-100
