Friday’s big stock stories: What’s likely to move the market in the next trading session
The S&P 500 closed at a record on Thursday, aided by cooling oil prices and tame inflation reports. Tune in to CNBC Friday morning for Disney CEO Josh D’Amaro.
Careem’s founders put in $100,000. Seven years later, Uber bought it for $3.1 billion
Mudassir Sheikha left McKinsey to co-found Careem in 2012, putting in $50,000 of his own money. Seven years later, Uber agreed to acquire the company for $3.1 billion.
OpenAI loses revenue chief Denise Dresser, second major executive departure in days
Denise Dresser’s sudden departure could be a major blow to OpenAI as it pursues a blockbuster IPO.
Iran looks to ramp up economic alliance with BRICS nations as war with U.S. drags on
Iran’s central bank chief said Thursday that the country is set to join the BRICS New Development Bank.
World’s largest jeweler bets on platinum despite falling silver prices, CEO tells CNBC
Pandora is moving ahead with platinum-plated jewelry as it seeks to reduce its exposure to volatile silver prices despite the metal’s recent decline.
An inside look at SK Hynix $720 billion AI-fueled buildout that’s taking over South Korea
SK Hynix, the leading maker of high-bandwidth memory, is pouring $720 billion into memory factories to meet AI demand. We got an exclusive first look.
Shipping giants warn ports and trucks could hold up deliveries and push up prices
Global shipping demand remains strong despite geopolitical turmoil, but port and trucking bottlenecks are increasing congestion and putting upward pressure on freight rates.
In pictures: Europe’s best solar eclipse since 1999
A total solar eclipse crossed Iceland and Spain on Aug. 12, while much of Europe saw a partial eclipse and businesses benefited from demand.
Ukraine attacks Russian grain export terminals in Black Sea, prompting warning about food markets
Ukraine has launched a heavy drone assault on warships and major Russian grain export terminals in the Black Sea port city of Novorossiysk.
CNBC Daily Open: Middle East tensions send oil higher while Iran-U.S. tensions escalate
Concerns over supply disruptions pushed oil prices higher, amid news of recent deadly attacks on vessels in the Gulf of Oman and the Red Sea, and as a spill near Oman worsens.
