Why the AI boom is reshuffling the global stock market hierarchy
Taiwan and South Korea are climbing the global stock market rankings as investors pile into the companies powering the AI infrastructure boom. Taiwan’s rise has been driven largely by TSMC, the world’s leading advanced chip foundry, while South Korea’s…
Delivery Hero shares rise 10% as rival Uber mulls another takeover bid
Delivery Hero confirmed in a statement on Saturday that it had received a takeover offer from Uber of €33 per share.
Iran is in the ‘process of blinking’ over the Strait of Hormuz, Petraeus says
Ex-CIA director David Petraeus said that an initial successful peace deal with Tehran would see the Strait opened without any conditions.
European stocks highest since March 2 as U.S.-Iran talks continue; euro zone bond yields drop on peace hopes
Stocks in Europe are tracking their Asian counterparts higher after Japan’s Nikkei 225 breached 65,000 for the first time.
Singapore reports lower-than-expected inflation for April at 1.8%, revises economic growth higher
Core inflation — which strips out prices of private transport and accommodation — came in at 1.4%, against estimates of 1.7%.
Huawei plans new smartphone chips this fall as rivalry with Nvidia and Apple heats up
Chinese telecom giant Huawei announced Monday a new way of designing chips that improves their capabilities, despite U.S. restrictions on the company.
Oil market at ‘tank bottoms’ in Asia, and Europe isn’t far behind, warns market veteran Jeff Currie
Oil markets are nearing minimum operating levels in Asia, with Europe likely next and the U.S. potentially facing shortages by July, said Carlyle’s Jeff Currie.
Beware the boom and bust cycle of memory stocks, investors warn amid AI excitement
“In the long run, it’s a pretty dreadful industry,” William de Gale of BlueBox Asset Management, told CNBC’s Europe Early Edition on Wednesday.
CNBC Daily Open: Trump keeps the world guessing with mixed messaging on Iran deal
While he says that Washington will not rush into a deal, energy stockpiles risk hitting the red zone this summer.
Japan’s Nikkei 225 tops 65,000 for first time as oil falls on Hormuz reopening hopes
Japan’s Nikkei 225 breached 65,000 for the first time Monday as a sharp decline in oil prices lifted risk sentiment in holiday-thinned trading.
