U.S. crude oil surge eases after Bessent pledges support for tankers during Iran war
The oil market has calmed after President Donald Trump said the U.S. would insure tankers and provide naval escorts if necessary.
Bessent says global 15% tariff starts this week, predicts Trump duties will return to old levels later this year
The Supreme Court last month ruled that President Donald Trump’s sweeping global tariffs are not authorized under the law known as IEEPA.
Xiaomi trials humanoid robots in its EV factory — says they’re like ‘interns’
Two humanoid robots can complete 90% of the work in three hours, Xiaomi President Lu Weibing told CNBC.
Sportswear giant Adidas drops 8% after profit guidance disappoints
Adidas shares have fallen about 43% over the past year as investors remain skeptical about the growth prospects of the global sportswear industry.
China’s Xiaomi tells CNBC it’s planning a yearly smartphone chip release and its own AI assistant for overseas
Last year, Xiaomi launched the XRing O1, a system-on-chip (SoC) based on an advanced 3 nanometer manufacturing process.
Goldman’s David Solomon surprised by ‘benign’ market reaction to Iran war
“I think it’s going to take a couple of weeks for markets to really digest the implications of what’s happened,” Goldman chief David Solomon said.
UAE stocks sell off as markets reopen from two-day closure after Iranian strikes
Exchanges in Dubai and Abu Dhabi were closed for two days after Iran launched a wave of strikes on the Gulf nation.
CNBC’s UK Exchange newsletter: FTSE 100’s defensive slant comes into its own
While the leading U.K. index is often seen as overwhelmingly defensive, those perceived weaknesses have proved to be a strength in times of crisis.
CNBC Daily Open: Markets take a beating despite Trump’s reassurances
Asian and U.S. markets saw losses across the board as Iran conflict enters its fifth day.
European markets finish higher as traders track Middle East turmoil
European stocks closed higher on Wednesday as markets continue to track developments in the Middle East.
