‘That’s it?’ Morgan Stanley rips Tesla robotaxi event for lack of detail
Wall Street has been fairly hot and cold on Tesla stock this year, and its robotaxi unveiling on Wednesday did not help improve investor sentiment.
U.S. crude oil posts second weekly gain on Middle East war risk
Traders worry Israel will hit Iran’s oil industry, potentially triggering a cycle of escalation that causes a significant disruption of supplies.
French budget surprises with focus on tax hikes as analysts warn of ratings downgrades
While tax hikes are focused on big corporations and high earners, the budget also contains politically-controversial measures.
Saudi sovereign wealth fund allocates $5.2 billion in green bonds project amid diversification push
The PIF issued $8.5 billion in green bonds in 2022 and 2023, becoming the first sovereign wealth fund to issue that class of bond.
Tesla shares drop 9% after Cybercab robotaxi reveal ‘underwhelmed’ investors
Tesla shares tumbled on Friday after the company’s long-awaited robotaxi event failed to impress investors.
Global trade at risk as tensions escalate in South China Sea
Rising naval tensions in the South China Sea are increasingly posing risks to some of the world’s most vital shipping lanes, experts warn.
Salesforce’s UK chief urges government not to regulate all AI companies in the same way
Salesforce’s CEO of U.K. and Ireland told CNBC the firm takes all legislation “seriously” but wants anticipated regulations to be “proportional and tailored.”
CNBC Daily Open: Is higher-than-expected CPI just a ‘janky’ data point?
It’s important to see whether individual data points cohere into a larger pattern, or if they’re just “janky,” as Atlanta Fed President Raphael Bostic put it.
Novo and Lilly contender Zealand Pharma heralds its obesity drug alternative: It’s our ‘crown jewel’
Danish biotech Zealand Pharma is targeting the “next generation” of weight loss drugs as competitors pile into a market dominated by heavyweights Novo Nordisk and Eli Lilly.
UK economy returns to growth as Labour tees up all-important budget
The U.K. economy returned to growth in August following two consecutive months of stagnation, providing a slight boost for the Labour government.
