CNBC Daily Open: Dow posts best week since May, Tesla cuts 14% of workforce
Nvidia added a staggering $880 billion to its market cap, but shares fell almost 7%, wiping out more than $220 billion in value.
Nvidia-backed AI startup Synthesia now lets you make multilingual video presentations using just your phone or webcam
AI startup Synthesia debuted a slew of new features including the ability to make Apple-style presentations with avatars by using just a webcam or phone.
China’s ByteDance is reportedly working with Broadcom to develop advanced AI chip
China’s ByteDance is working with U.S. chip designer Broadcom on developing an advanced AI processor, two sources familiar with the matter said.
Southeast Asia is a top choice for firms diversifying supply chains amid U.S.-China tensions
Rising tensions between Washington and Beijing have led firms to diversify supply chains away from China even as they maintain a presence in the country.
Travelers underestimate the dangers of heatwaves in popular summer hotspots
From New York City to Mecca and the Mediterranean, popular tourism destinations battle high temperatures at the outset of the summer season.
Singaporean swimmer Toh Wei Soong hopes for a medal in his second Paralympic bid
Singaporean para-athlete Toh Wei Soong will be fighting to medal in the Paralympics this year in Paris.
Asia-Pacific markets slip as investors await Australia and Japan inflation data later this week
Investors in Asia will assess Australia’s CPI data on Wednesday after RBA considered hiking rates at its last meeting.
‘Materially undervalued’: This global retailer’s stock could rise 115%, analyst says
The U.K. based company’s stock currently trades with a 6.5% dividend yield.
‘Excellent buying opportunities’: Morgan Stanley’s Slimmon names 3 stocks he likes right now
“I’m actually encouraged by the action,” Morgan Stanley Investment Management’s Andrew Slimmon said of the S&P 500’s recent movements.
Dow closes more than 250 points higher as investors snap up energy and bank stocks, Nvidia slides 6%: Live updates
The Dow rose 0.7% to start the final trading week of June.
