Inside India newsletter: AI is exposing cracks in India’s growth story as it hits high-paying IT jobs
India’s IT sector fueled consumption growth, but AI is reducing mass hiring now, revealing a shortage of quality jobs, risking future economic momentum.
Brent oil pares gains after climbing to $126 per barrel on U.S.-Iran escalation fears
Brent crude surged to its highest levels since early 2022, before paring gains, as the Middle East conflict chokes supplies.
Samsung profit surges over eightfold to beat estimates as AI boom fuels memory chip crunch
Samsung Electronics reported an over eightfold increase in first-quarter operating profits, hitting a new record and beating analysts’ estimates.
South Korea’s Kospi clocks best month in 28 years as tech optimism triumphs over Iran war worries
The index’s outsized gains have been driven largely by optimism around the artificial intelligence boom.
Why Alphabet won the Big Tech earnings night
Alphabet’s cloud business is accelerating relative to competitors, analysts say
Anthropic in talks with investors to raise funds at $900 billion valuation, higher than OpenAI
Anthropic is in talks with investors about raising cash at a valuation of $900 billion, CNBC has confirmed.
Saudi Arabia’s PIF to end funding of LIV Golf league after this season
A committee of independent directors will evaluate strategic alternatives for LIV Golf after PIF pulls its funding, people familiar with the matter told CNBC.
Dow surges nearly 800 points, S&P 500 posts first close above 7,200 and best month since 2020: Live updates
The broad market index jumped more than 10% in April for its best month since November 2020.
OpenAI trial recap: Musk cross-examination gets heated with Altman’s lawyer on day 3
Elon Musk sued OpenAI, Sam Altman and Greg Brockman in 2024, claiming they reneged on their promise to keep the artificial intelligence lab a nonprofit.
How Banyan Group survived crisis after crisis — and built a luxury hospitality brand
Banyan Group’s founders share insights on building a global luxury hospitality brand — and how they navigated crisis after crisis without compromising their values.
