Euro zone inflation is back above 3%. Higher interest rates are likely to follow
The European Central Bank is seen hiking rates in September as the Iran war raises energy costs in the region.
Global bond yields soar to multi-decade highs as Middle East turmoil reignites inflation fears
Bond yields surged across major markets Tuesday as U.S.-Iran hostilities revived energy and inflation risks, with Japan and U.K. yields at multi-decade highs.
Japanese borrowing costs hit 30-year high as Bessent says Tokyo may intervene to boost yen
The yen weakened to 160 per dollar on Tuesday as bond yields came under pressure, as traders eyed the potential for Japan to hike interest rates.
Qualcomm rival MediaTek jumps 10% after $3.5 billion Nvidia AI chip deal
The two companies will work on integrating Nvidia technology with MediaTek’s custom AI chip business as well as other areas such as PCs and cars.
Hugging Face’s new duck robot is selling fast. A Chinese chip powers it
The colorful “Microduck” robot from HuggingFace’s French subsidiary Pollen Robotics has sold more than 10,000 units since launching on Thursday.
CNBC Daily Open: A surprise seat for Russia at the G20 table
The appearance of Russia’s Finance Minister at the G20 meeting in North Carolina sparks dismay amoung European officials.
‘Ominous’ small-cap signal suggests need for caution in weeks ahead: BTIG
While small-cap companies are having a solid year, lingering market concerns such as a potential rate hike stand to fuel risk-off mood.
Anthony Scaramucci on the White House firing that forced him to rethink failure, ego and his career
SkyBridge Capital founder Anthony Scaramucci reflects on the decision to face his public downfall after being fired from the Trump White House after 11 days. He discusses pride, ego, failure, rebuilding his career and why he believes the only way throu…
Bessent tells Russia it won’t get economic relief until it ends Ukraine war
The meeting underscored Washington’s willingness to reopen diplomatic talks with Moscow, as Europe intends to isolate the nation while the war continues.
Tanker struck in Hormuz, raising worries over escalation, as Trump vows to hit Iran ‘hard’
Iran launched an attack on two American bases in Jordan on Monday in retaliation for the U.S. attack on its Larak Island.
