Tesla shares drop 9% after Cybercab robotaxi reveal ‘underwhelmed’ investors
Tesla shares tumbled on Friday after the company’s long-awaited robotaxi event failed to impress investors.
Global trade at risk as tensions escalate in South China Sea
Rising naval tensions in the South China Sea are increasingly posing risks to some of the world’s most vital shipping lanes, experts warn.
Salesforce’s UK chief urges government not to regulate all AI companies in the same way
Salesforce’s CEO of U.K. and Ireland told CNBC the firm takes all legislation “seriously” but wants anticipated regulations to be “proportional and tailored.”
CNBC Daily Open: Is higher-than-expected CPI just a ‘janky’ data point?
It’s important to see whether individual data points cohere into a larger pattern, or if they’re just “janky,” as Atlanta Fed President Raphael Bostic put it.
Novo and Lilly contender Zealand Pharma heralds its obesity drug alternative: It’s our ‘crown jewel’
Danish biotech Zealand Pharma is targeting the “next generation” of weight loss drugs as competitors pile into a market dominated by heavyweights Novo Nordisk and Eli Lilly.
UK economy returns to growth as Labour tees up all-important budget
The U.K. economy returned to growth in August following two consecutive months of stagnation, providing a slight boost for the Labour government.
How Russia’s war economy and defense spending could actually make it weaker
Russia’s war-orientated economy and military spending plans risk deepening major imbalances within the government’s finances, analysts say.
China’s ‘whatever it takes’ moment? Investors hope for hundreds of billions in new stimulus
Investors are on tenterhooks as Beijing prepares to deliver fresh policies to boost its economy.
CNBC Daily Open: CPI’s higher than expected. Is it just a ‘janky’ data point?
It’s important to see whether individual data points cohere into a larger pattern, or if they’re just “janky,” as Atlanta Fed President Raphael Bostic put it.
Bank of Korea cuts interest rates after holding for almost two years
The BOK cut its benchmark interest rate from 3.5% to 3.25% after a “clear trend of stabilization” with inflation.
