Ocado upgrades technology arm, sending shares soaring
Britain’s Ocado lifted its annual guidance on Tuesday, citing an improvement in the profitability of its warehouse technology business.
CNBC Daily Open: Trump attends RNC, Dow record close, bitcoin ‘digital gold
The Dow Jones Industrial Average closed at an all-time high after former President Donald Trump survived an assassination attempt.
European markets lower as investors digest Powell’s comments on cutting rates; Ocado up 10%
European stocks were lower Tuesday as investors assess the economic and political outlook in the region and beyond.
The next front in U.S.-China tech battle? Underwater cables that power the global internet
With tech tensions between the U.S. and China rising, vast networks of underwater cables are becoming a new source of strain in international relations.
Money launderers are increasingly turning to crypto to conceal flow of funds, Chainalysis says
The report said these criminals are using crypto because crypto is “cross-border, virtually instant, and generally inexpensive to transact.”
Temasek aims to invest up to $10 billion in India as China weighs
Temasek plans to invest up to $10 billion in India over three years in sectors such as financial services and healthcare as it turns cautious on China.
CNBC Daily Open: Trump picks VP, Dow record close, bitcoin ‘digital gold’
The Dow Jones Industrial Average closed at an all-time high after former President Donald Trump survived an assassination attempt.
Protests will ‘absolutely’ spread if European cities don’t address overtourism, says UNESCO official
Protests in Spain will spread if officials fail to rebalance the interests of locals and travelers, UNESCO’s Peter Debrine told CNBC’s “Squawk Box Asia.”
‘Luxury shame’: China’s rich shy away from flaunting their wealth amid economic jitters
China’s rich are cautious about flaunting their wealth as the economy faces headwinds, putting the country’s luxury market under pressure.
Foreign carmakers in China face ‘increasingly precarious’ position, consultancy says
New tariffs on Chinese EVs don’t help foreign automakers stay competitive, especially in the lucrative China market, says business consultancy AlixPartners.
