Apple just hit an all-time high. KeyBanc says investors should sell the tech giant
Apple is likely to contend with slowing sales and weakening services revenue as it increases the prices of its smart devices, including iPhones, per KeyBanc.
Global shipping industry sounds the alarm over Trump’s Hormuz toll plan
For shipping giant Hapag-Lloyd, it is “fundamentally wrong” to charge tolls for passage through international waters, regardless of the country in charge.
Business declares war on Pentagon stock buyback, dividend restrictions moving in Senate
The provision was pushed by Sen. Elizabeth Warren, D-Mass., and was included in the National Defense Authorization Act on a bipartisan basis.
Is Hormuz open? Trump’s toll threat intensifies rush to bypass the Strait altogether
Gulf producers are increasingly relying on alternative routes to keep crude moving as shipping disruptions expose the risks of depending on the Strait of Hormuz.
Teasury yields tumble after June CPI slows much more than expected
Treasury yields fell Tuesday after a cooler-than-expected inflation report.
CNBC Daily Open: The Hormuz blockade is back and Trump is tolling
Oil markets reel as President Trump revives his naval blockade in the Strait of Hormuz and demands a 20% toll charge.
Taiwan’s second-largest chipmaker starts mass production in Singapore; Citi sees improving outlook
Taiwan’s UMC has kicked off mass production of silicon photonics wafers at its Singapore facility amid positive Citi forecast.
‘Nobody underwrote for that’: Private credit faces a key test as higher rates squeeze borrowers
Private credit is facing a new pressure point from elevated rates, which could hit under-pressure borrowers.
AI agents could change how software companies get paid, Sierra co-founder says
AI agents are designed to do more than answer questions. They are meant to complete tasks. Sierra co-founder Clay Bavor joins CNBC’s Arjun Kharpal to discuss how AI agents are moving from demos into real business workflows, especially in customer servi…
China exports in June rise at fastest pace since 2021 as AI boom, tariff rush lift trade
China’s exports to the U.S. jumped around 14% last month while imports grew 26%, according to CNBC calculation of the official data.
