Hormuz closure squeezes global economy as oil demand destruction intensifies, IEA says
The IEA expects oil demand to fall by 1.6 million barrels a day in 2026 as high fuel prices and Strait of Hormuz disruptions weigh on consumption.
CNBC Daily Open: Chips, ships and a sliding yen
After having sold Wall Street on the chips powering the artificial intelligence boom, Nvidia wants Wall Street to help bankroll the buildout itself.
Hello Kitty, goodbye stock gains: Sanrio shares plunge 18% following earnings
Sanrio shares fall following earnings results
Aviva’s remarkable revival leaves one big question: What next?
Aviva shares are up around 150% since Amanda Blanc become CEO. Before long, investors will be asking: what next?
Houthi attack kills six in Red Sea; Trump slams Iran as hopes for Hormuz Strait deal dim
After the incidents in Bab el-Mandeb and the Gulf of Oman, President Donald Trump on Truth Social wrote of the Strait of Hormuz, “I THINK WE WILL KEEP IT!”
Google’s new AI boss inherits a race to catch OpenAI and Anthropic
Koray Kavukcuoglu is taking charge of Google DeepMind as it tries to keep Gemini competitive with OpenAI and Anthropic.
Oil prices rise as Red Sea, Gulf of Oman attacks heighten supply concerns
Oil prices rose on Wednesday after deadly attacks on vessels in the Red Sea and Gulf of Oman heightened concerns over risks to global shipping routes.
Why the historic U.S.-Japan intervention has failed to halt the yen’s slide
The Japanese yen has erased about half of the gains from an unprecedented U.S.-Japan intervention less than two weeks ago.
AI agents’ ‘alarming’ hacking skills creates rush to spend on cybersecurity
AI agents’ ‘alarming’ hacking skills creates a rush to spend on cybersecurity
EVs dominate China’s car market: 5 takeaways from the country’s latest auto sales data
The China Passenger Car Association released data Tuesday showing penetration of new energy vehicles rose in July. Tesla’s Model Y remained popular.
