Jamie Dimon urges the U.S. to deal with its deficit sooner rather than later
JPMorgan Chase CEO Jamie Dimon on Wednesday urged the U.S. government to reduce its fiscal deficit sooner rather than later.
Copper futures hit record high as data center build-up, EV growth fuels demand
Copper futures on the NYMEX hit a record $XXX per pound, according to data from FactSet. The metal has gained more than 25% so far this year.
Commerzbank reports better-than-expected 29% rise in Q1 net profit
Germany’s Commerzbank said on Wednesday that net profit rose 29% in the first quarter, its strongest quarterly profit in a decade.
Baidu’s robotaxi unit expects to turn profitable next year
The projection comes as Elon Musk has emphasized his plans to build up Tesla’s robotaxi efforts amid a decline in revenue.
Putin wants 3 things from Xi as he seeks to deepen Russia-China ties, analyst says
Russian President Vladimir Putin’s meeting with Chinese leader Xi Jinping in China this week is the latest sign of the deepening strategic ties between both sides.
Biden administration is sending $1 billion more in weapons, ammo to Israel, congressional aides say
The Biden administration has told key lawmakers it is sending a new package of more than $1 billion in arms and ammunition to Israel.
CNBC Daily Open: Nasdaq closes at record high; Google launches new AI model
Sam Altman’s OpenAI raised the bar for Artificial Intelligence Assistants on Monday — a move that could spell the end of Siri and Alexa.
YouTube says it will block videos of Hong Kong protest anthem following court order
YouTube will comply with a Hong Kong court order and block access to 32 videos of a protest anthem in what critics say is a blow to freedoms in the city.
China’s international students under pressure as economic uncertainty looms
A growing number of overseas Chinese students are running into financial difficulties due to the declining wealth of their families back home.
China’s economy reveals pockets of softness. Here’s what to watch ahead of Friday’s data
As China’s economy moves into the second quarter of the year, a few indicators are raising expectations for monetary policy easing.
