Strait of Hormuz threat level raised to ‘severe’ after Iran attacks tankers using U.S. Navy route
Iran’s military has warned it will target ships that do not use a northern route approved by Tehran.
U.S. revokes Iran oil sales authorization after tanker attacks
Treasury had waived sanctions on Iranian oil through Aug. 21 after Washington and Tehran inked an interim deal to reopen Hormuz last month.
Manhattan high-rise is still unstable after columns buckle, forcing evacuations
The Midtown building under construction had bricks tumble into the street during Tuesday’s morning rush hour, forcing buildings to evacuate, officials said.
Trump ally Nigel Farage quits UK parliament amid finance scandal to fight special election
Reform U.K. leader Nigel Farage has quit as MP for Clacton, forcing a by-election that he has said he will fight.
Rivian stock falls 18% as company sells 75 million shares to raise capital
The capital raise occurred during extended hours trading following Rivian shares increasing 8.1% on Monday after increasing 19.2% last week.
This Chinese cloud name offers a new way to play the AI boom, Morgan Stanley says
Kingsoft Cloud is likely to see its shares rise as it changes into an artificial intelligence-focused cloud business to ride the AI wave, Morgan Stanley says.
Google backs nuclear fusion startup targeting Europe’s first commercial power plant
Proxima Fusion has raised $468 million as it looks to move towards commercializing the promising but infamously difficult technical challenge of nuclear fusion.
CNBC Daily Open: Belgium’s sweet victory, Ukraine’s air battle and Le Pen’s judgement day
A decisive victory for Belgium over the U.S. on the football pitch sends them to the quarter-finals amid a contentious chapter for FIFA.
India fashion retailer Trent tumbles 11% as revenue growth disappoints
Shares of one of India’s biggest fashion retailers, Trent, fell over 10% after the company reported weak earnings growth.
Chinese AI models are gaining ground with U.S. companies as OpenAI, Anthropic costs surge
Recent model releases from Chinese companies including DeepSeek and Z.ai are seen by many as highly competitive compared to leading U.S. frontier systems.
