CNBC Daily Open: Wall Street surges; Starbucks ousts CEO
Wall Street rose after producer prices came in softer than expected, raising hopes of a rate cut.
France’s ‘Olympic truce’ ends, returning political tensions to the fore
Emmanuel Macron must appoint a new prime minister but faces an “unprecedented” backdrop that may lead to deadlock.
‘Cheap’ and ‘under-owned’: CIO makes the case for UK stocks despite U.S. bounce back
U.K. stocks look particularly attractive after a fresh bout of market volatility, according to the chief investment officer of financial firm Wren Sterling.
UBS smashes second quarter profit expectations as Credit Suisse consolidation boosts revenue
Analysts expected revenue of $11.5 billion, according to an LSEG poll.
Intel sells stake in UK chip designer Arm amid company-wide restructuring and cost cuts
Intel has sold its 1.18 million stake in British chip firm Arm Holdings, a regulatory filing showed on Tuesday, as the company cuts costs.
Video game industry faces sluggish growth in 2024 amid weak console sales, research firm says
Market research firm Newzoo said the games industry is set to grow 2.1% year over year, down from its earlier forecast of 2.8% year-over-year growth.
India launches app to lower deaths caused by wild elephants
Elephants in India have grown more aggressive as their habitats and natural corridors get downsized to make way for urban development.
China’s Huawei is reportedly set to release new AI chip to challenge Nvidia amid U.S. sanctions
Huawei is reportedly planning to introduce a new AI chip which it claimed is on par with Nvidia’s H100.
Japan Prime Minister Fumio Kishida will not run for party reelection
Kishida’s decision to not run for reelection effectively means he would step down as prime minister when the party elects a new leader.
Reserve Bank of New Zealand cuts cash rate by 25 basis points, lowers rate forecasts
The Reserve Bank of New Zealand lowered its cash rate by 25 basis points to 5.25% on Wednesday.
