Global bond rout gathers pace as inflation fears mount
Borrowing costs continue to extend multi-decade highs as nerves over inflation, higher rates and high debt remain at the fore.
Iran says two tankers have hit Hormuz naval mines, attacks regional targets in retaliation to U.S. strikes
U.S. forces completed another wave of strikes against Iran on Tuesday stateside, hitting multiple Islamic Revolutionary Guard Corps sites across the country.
Palo Alto CEO says $1 trillion of cybersecurity infrastructure isn’t ready for AI
Palo Alto CEO Nikesh Arora said AI is forcing companies to modernize roughly $1 trillion of aging cybersecurity infrastructure that isn’t equipped for attacks.
China's Xi keeps Iranian president at arm's length weeks ahead of Trump summit
China's Xi gave Iran's Pezeshkian a brief, low-profile audience at the SCO summit, as Beijing seeks to avoid appearing close to Tehran ahead of a high-stakes summit with Trump.
China dissented from G20 statement opposing 'cheap exports' flooding market, Bessent says
Bessent is leading the Trump administration's plan to choke off Iran's economy by threatening its business partners with secondary sanctions.
Canada's Carney slaps Trump admin for 'doing memes ... throwing shade'
Canadian Prime Minister Mark Carney said "It's beneath their office' when asked about Trump Cabinet secretaries insulting his nation's military.
Oil major BP completes search for chair after boardroom upheaval
BP on Wednesday formally appointed Ian Tyler as chair after a surprise dismissal of former chairman Albert Manifold sparked boardroom turmoil.
Japanese green tea giant Ito En surges 8%, defying a broad market sell-off
Ito En shares surged, bucking a broader sell-off in Japanese stocks following its fiscal first-quarter results.
Used cars under $20,000 tend to sell quickly — but there are trade-offs for buyers
The share of used cars listed at under $20,000 has dropped from pre-pandemic levels against a backdrop of high inflation.
Scaramucci says he had 'Potomac fever' in the White House — and Bessent and Lutnick have it too
"You think you're smarter than the people that live in Washington, but Washington changes you, you don't change Washington," Anthony Scaramucci told CNBC.
Dell surges 9% after lifting fiscal 2027 forecast on AI server strength
Dell sees AI server revenue tripling in fiscal 2027. Six months ago, it was looking for the number to double.
U.S. House votes to avoid government shutdown amid GOP hard-liner resistance
The U.S. House on Tuesday voted in favor of a short-term spending measure that would avoid a government shutdown until after November's midterm election.
Australia posts second-quarter growth of 2.1%, beating expectations
The GDP print will allow the Reserve Bank of Australia room to go ahead with its policy tightening as it seeks to curb inflation.
Global bond yields soar to multi-decade highs as Middle East turmoil reignites inflation fears
Bond yields surged across major markets Tuesday as U.S.-Iran hostilities revived energy and inflation risks, with Japan and U.K. yields at multi-decade highs.
Apple enters John Ternus era as AI challenges and memory crunch intensify
John Ternus' first day as Apple CEO comes at a critical juncture for the iPhone maker, with memory prices soaring and AI challenges looming.
Looking for evidence that Meta's AI investments are paying off? Here are 2 ways
Meta Platforms has become a battleground stock.
Palo Alto Networks beats quarterly estimates on AI demand, continues acquisition spree
Palo Alto Networks' stock has nearly doubled this year as AI boosts demand for security detection and response tools
House adopts measure condemning socialism ahead of November election
Republicans also inserted a call to pass the highly controversial voter-ID bill known as the SAVE America Act into the socialism resolution.
Stan Kroenke agrees to buy MLB's Angels, valuing team and regional network at $4 billion
Kroenke Sports and Entertainment was valued at more than $26 billion in CNBC's most recent list of the world's most valuable sports empires.
OpenAI says Astra AI model is its first that crosses 'Critical' cybersecurity capability
OpenAI said it will make Astra available "soon," but access to its cybersecurity capabilities will be limited.
GoPro joins AI bonanza with pivot into data centers as shares skyrocket 40%
Action camera maker GoPro is merging with private photonics company Starman Optical and joining the AI wave.
Pa. Gov. Shapiro says too many data center developers 'don't care about our communities'
A Gallup survey released in May found that "seven in 10 Americans oppose constructing data centers for artificial intelligence in their local area."
AI token prices are hitting new record lows
A closely followed measure of artificial intelligence token prices touched fresh lows.
Anthropic changes data retention policy after pushback from customers
Anthropic's Enterprise Frontier Safeguards are a response to customer feedback.