Volkswagen CEO says 50,000 more job cuts may be needed to close competitive gap
The company had previously declined to comment on reports it was considering up to 100,000 job losses.
New Zealand actor Sam Neill dies aged 78
Sam Neill, the New Zealand actor best known for playing paleontologist Dr. Alan Grant in dinosaur blockbuster “Jurassic Park” has died at the age of 78.
India’s inflation accelerates to 4.38% in June, exceeding forecasts
Inflation has risen for the eighth straight month in India, as food and energy prices rise due to the Iran war and deficient rainfall.
Treasury yields move higher as U.S.-Iran ceasefire strained; investors await inflation data
Treasury yields were broadly flat on Monday after the ceasefire agreement between the U.S. and Iran came under increasing strain over the weekend.
Europe’s Anduril rival Helsing raises $1.8 billion at $18 billion valuation
Helsing said “investor demand significantly exceeded the available allocation” for its $1.8 billion funding round.
CNBC Daily Open: Chips ahoy, no Strait answer and earnings on deck
Sharp declines for South Korea’s SK Hynix spook markets in Asia and weigh on futures for Europe and the U.S.
TSMC, the world’s largest contract chipmaker, reports 68% surge in June revenue
Ahead of its second-quarter earnings, TSMC reported its June and first-half revenue for 2026.
Stocks end lower as oil prices surge on renewed Hormuz tensions, SK Hynix leads chip stock sell-off
Stocks fell on Monday after President Donald Trump announced he was reinstating what he called a blockade on Iranian shipping through the Strait of Hormuz.
SK Hynix South Korean shares clock worst day, sinking over 15%, after stellar Nasdaq debut
SK Hynix Inc. shares tumbled over 15% in Seoul on Monday after the chipmaker’s blockbuster Nasdaq debut.
CNBC Daily Open: Mideast tensions on the boil again as U.S., Iran trade strikes
Renewed tensions take center stage in the Middle East, sending oil prices spiking once again as the U.S. and Iran trade strikes.
