Nvidia to get 20% weighting and billions in investor demand, while Apple demoted in major tech fund
The chip stock will jump to about 21% from 6% in a $70 billion tech ETF once a new rebalance takes effect.
U.S. sues Adobe over subscription plan disclosures
The government said Adobe failed to adequately disclose hefty early termination fees when customers sign up for “annual, paid monthly” subscription plans.
Record number of NATO allies expected to hit defense spending target amid war in Ukraine
A record more than 20 NATO member nations are expected to hit the Western military alliance’s defense spending target this year.
Warren Buffett’s Berkshire Hathaway trims its stake in Chinese EV maker BYD to 6.9%
Warren Buffett’s conglomerate has sold an additional 1.3 million Hong Kong-listed shares of BYD for $39.8 million, according to a filing.
French protests add to Macron’s political gamble as election race heats up
Hundreds of thousands of demonstrators took to the streets on Saturday to protest against the rising nationalist sentiment of the far right.
Putin to visit North Korea as U.S., allies decry military ties
Russian President Vladimir Putin will visit North Korea this week for the first time in 24 years, the countries said. Putin will then visit Vietnam June 19-20.
EU countries approve landmark nature law after delays
The nature restoration law is among the EU’s biggest environmental policies.
Apple supplier TDK says battery breakthrough can deliver higher performance for wearable devices
The Apple supplier said the innovation can be utilized in various wearable devices, including wireless earphones, hearing aids and smartwatches.
CNBC Daily Open: Nasdaq record, Tesla future value?
Elon Musk made yet another bold prediction: Tesla, he claimed, could eventually be worth half the value of the S&P 500 — a staggering $25 trillion.
Iceland wants to switch up its tourism tax to protect nature — and fight overtourism
Iceland wants tourists to flock to its picturesque and lunar-like lava landscapes — but not at the expense of its residents or natural environment.
