South Korea’s Kospi hits new high amid mixed trading in Asia
Asia-Pacific markets were set to open broadly higher Tuesday, amid hopes for a breakthrough in the U.S.-Iran peace negotiations.
CNBC’s The China Connection newsletter: Tariffs eased. Trust didn’t.
As the largest consumer market globally, the U.S. still remains a prized destination for Chinese companies that are finding ways to address local concerns.
Trump links Abraham Accords to Iran deal
Trump said he has asked countries including Qatar, Saudi Arabia, Pakistan, Egypt, Jordan and Turkey to join the Abraham Accords en masse.
Pope Leo urges AI regulation and warns that some weapons are now beyond human control
The first U.S. pope called for ownership of AI data not to be left solely in private hands and for policy makers to protect the rights of workers and children.
Japan’s Takaichi unveils $19 billion extra budget, reassures on bond issuance
The supplementary budget, first reported earlier this month, marks a reversal from Takaichi’s previous remarks
When are prediction markets most helpful? Evercore ISI has a formula
Evercore ISI strategists provide insight for when prediction markets are useful for forecasting.
ECB’s Stournaras says more restrictive monetary policy needed if inflation overshoots target
Yiannis Stournaras noted that the war has led to higher energy prices, with a possible secondary effect on wages and prices.
Gold rises as dollar, oil ease on U.S.-Iran deal prospects
Spot gold was up 1.1% at $4,559.07 per ounce, as of 0736 GMT. U.S. gold futures for June delivery gained 0.8% to $4,559.80.
Iran and U.S. play down hopes for imminent breakthrough in war
Secretary of State Marco Rubio told reporters in New Delhi that the U.S. would give diplomacy every chance to succeed before exploring “alternatives”.
Goldman Sachs says hedge funds are ‘doubling down’ on AI but dumping software stocks
Hedge funds and mutual funds moving toward semiconductors with some shared favorites
