Lawmakers probe growing use of Chinese AI models in U.S. companies
An ongoing House Committee investigation is probing the risks involved in the rise of AI built in China.
Gold wavers as investors weigh US strikes on Iran, await Fed minutes
Gold wavered on Wednesday, as concerns around inflation and higher rates rose after fresh U.S. strikes on Iran lifted oil and the dollar ahead of the release of the Fed’s June meeting minutes.
Chinese autonomous-driving firm Momenta rises 3% in Hong Kong stock debut
Chinese autonomous driving firm Momenta debuted on the Hong Kong stock exchange on Wednesday, rising 3%.
China’s rare missile test will push wary Asia-Pacific countries to close ranks, analysts say
China’s rare launch of a ballistic missile launch into the Pacific will push regional powers to deepen their defense ties.
CNBC Daily Open: Strait of Hormuz, Ukraine’s attacks in Russia, Greenland
Geopolitics are back in focus, with the U.S. retaliating against Iran after several ships were struck in the Strait of Hormuz, and Ukraine hitting Russia.
Oil surges 5% after Trump says ceasefire with Iran is over
Trump’s comments came after the U.S. launched fresh strikes on Iran in retaliation for attacks on commercial vessels in the Strait of Hormuz.
Wednesday’s big stock stories: What’s likely to move the market in the next trading session
A decline in chip stocks and a spike in oil prices dragged the market down on Tuesday. The Nasdaq lost more than 1%, while the Dow pulled back from 53,000.
Stock futures are little changed as investors weigh Middle East tensions and await Fed minutes: Live updates
Oil prices added to the cautious tone after the U.S. started a “series of powerful strikes” against Iran on Tuesday evening.
Dow slides more than 570 points as oil spikes and Trump threatens another attack on Iran: Live updates
U.S. President Donald Trump told the NATO summit in Turkey that the ceasefire with Iran is “over.”
U.S. conducts strikes on multiple Iranian targets after Hormuz Strait ship attacks, Centcom says
Kuwait accused Iran of fresh attacks after U.S. strikes hit Iranian targets, raising fears over the Strait of Hormuz and oil prices.
