CNBCWorldNews 1 week ago

What is Pickaxe Mountain, the Iranian nuclear facility Trump is threatening to strike? "We'll be hitting that area pretty soon, and very heavily," President Donald Trump said about Iran's underground nuclear facility in Pickaxe Mountain.

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What is Pickaxe Mountain, the Iranian nuclear facility Trump is threatening to strike?

"We'll be hitting that area pretty soon, and very heavily," President Donald Trump said about Iran's underground nuclear facility in Pickaxe Mountain.

CNBCWorldNews 1 week ago

Morgan Stanley lists three reasons for the credit-growth boom in Asia Bank credit still remains the most significant source of macro funding by far in Asia.

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Morgan Stanley lists three reasons for the booming credit growth in Asia

Bank credit still remains the most significant source of macro funding by far in Asia.

CNBCWorldNews 1 week ago

These Japanese AI winners don’t make chips. They make toilets, glass fiber and seasoning A toilet maker, a glass fiber manufacturer and the maker of MSG have in Japan have become major beneficiaries of the AI boom.

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These Japanese AI winners don’t make chips. They make toilets, glass fiber and seasoning

A toilet maker, a glass fiber manufacturer and the maker of MSG have in Japan have become major beneficiaries of the AI boom.

CNBCWorldNews 1 week ago

Trump plans steep tariffs on generic drugs starting in 2028 to spur U.S. production The phased schedule is intended to push generic drugmakers to move production onshore.

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Trump plans generic drug tariffs from 2028 with two-year delay testing U.S. onshoring push

The latest tariff salvo underscored Trump's goal of reshoring low-cost drug production, but displacing established suppliers like India won't be easy.

CNBCWorldNews 1 week ago

Sony’s 'ironic' PlayStation disc decision upends gamer conventions and threatens a $7 billion resale market In 2013, Sony tweaked Xbox by showing how easy it was to share a PlayStation disc. Now, gamers say Sony has become exactly what it mocked.

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Sony’s 'ironic' PlayStation disc decision upends gamer conventions and threatens a $7 billion resale market

In 2013, Sony tweaked Xbox by showing how easy it was to share a PlayStation disc. Now, gamers say Sony has become exactly what it mocked.

CNBCWorldNews 1 week ago

Wall Street can wait: Why one U.S. biotech firm is listing in Hong Kong first Global biotech firms are increasingly being drawn to Hong Kong for its growing investor base and proximity to Chinese pharmaceutical partners.

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Wall Street can wait: Why one U.S. biotech firm is listing in Hong Kong first

Global biotech firms are increasingly being drawn to Hong Kong for its growing investor base and proximity to Chinese pharmaceutical partners.

CNBCWorldNews 1 week ago

Ukraine's Zelenskyy fires military chief after protests and names a replacement Zelenskyy appointed Mykhailo Drapatyi as the new army chief, according to a statement on social media.

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Ukraine's Zelenskyy fires military chief after protests and names a replacement

Zelenskyy appointed Mykhailo Drapatyi as the new army chief, according to a statement on social media.

CNBCWorldNews 1 week ago

OpenAI, Anthropic boost lobbying as legacy tech and defense spending slips The two AI developers spent a combined $3.17 million in the second quarter, up 23% from the first three months of 2026.

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OpenAI, Anthropic boost lobbying as legacy tech and defense spending slips

The two AI developers spent a combined $3.17 million in the second quarter, up 23% from the first three months of 2026.

CNBCWorldNews 1 week ago

Boeing and Airbus prepare for next narrow-body battle – but airlines aren’t pushing for new jets yet Boeing and Airbus are preparing their next narrow-body jets, but airlines and investors remain focused on production, deliveries and current aircraft.

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Boeing and Airbus prepare for next narrow-body battle – but airlines aren’t pushing for new jets yet

Boeing and Airbus are preparing their next narrow-body jets, but airlines and investors remain focused on production, deliveries and current aircraft.

CNBCWorldNews 1 week ago

Bessent says U.S. could sanction China over AI model 'theft' Chinese open-weight models are gaining steam against leading offerings from American companies like OpenAI and Anthropic.

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Bessent says U.S. could sanction China over AI model 'theft'

Chinese open-weight models are gaining steam against leading offerings from American companies like OpenAI and Anthropic.

CNBCWorldNews 1 week ago

Samsung Electronics shares rise as robotics move highlights push into physical AI Samsung Electronics shares rose as the company set up a robotics division in a push into physical AI.

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Samsung Electronics shares rise as robotics move highlights push into physical AI

Samsung Electronics shares rose as the company set up a robotics division in a push into physical AI.

CNBCWorldNews 1 week ago

Greer hints new Trump tariffs coming on dozens of countries: 'Expect action soon' U.S. Trade Representative Jamieson Greer's comments the Trump administration could impose new tariffs just as other duties are set to expire.

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White House teases new trade action 'soon' as it works to re-create global tariff regime

U.S. Trade Representative Jamieson Greer telegraphed that the Trump administration could impose new tariffs just as other duties are set to expire.

CNBCWorldNews 1 week ago

CNBC's The China Connection newsletter: The AI consumer bet might surprise you Investors are betting that how people spend their time and money will change dramatically due to artificial intelligence.

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CNBC's The China Connection newsletter: The AI consumer bet might surprise you

Investors are betting that how people spend their time and money will change dramatically due to artificial intelligence.

CNBCWorldNews 1 week ago

GM beats on earnings, raises guidance amid resilient vehicle pricing Wall Street analysts expect General Motors to report adjusted earnings per share of $3.20 and revenue of $47.01 billion.

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GM beats on earnings, raises guidance amid 'resilient' consumer, pricing

GM raised several key earnings forecasts after beating Wall Street's second-quarter expectations as its North American operations continue to drive...

CNBCWorldNews 1 week ago

Jamie Dimon says markets underestimate risks and he wouldn't buy stocks or Treasurys at current prices Comments from JPMorgan Chase CEO Jamie Dimon contrast with investors' recent willingness to look past wars, tariffs and other shocks.

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Jamie Dimon says markets underestimate risks and he wouldn't buy stocks or Treasurys at current prices

Comments from JPMorgan Chase CEO Jamie Dimon contrast with investors' recent willingness to look past wars, tariffs and other shocks.

CNBCWorldNews 1 week ago

Nebius stock surges as Nvidia discloses 9.3% stake in neocloud Nvidia said it would invest $2 billion into Nebius in March.

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Nebius stock surges nearly 19% as Nvidia discloses significant stake in neocloud

Nvidia said it would invest $2 billion into Nebius in March.

CNBCWorldNews 1 week ago

U.S. strikes Iran and Houthis threaten Saudi Arabia shipping as mediators push 10-day ceasefire The latest cycle of strikes comes amid reports that regional mediators have presented Washington and Tehran with a proposal for a 10-day ceasefire.

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U.S. strikes Iran and Houthis threaten Saudi Arabia shipping as mediators push 10-day ceasefire

The latest cycle of strikes comes amid reports that regional mediators have presented Washington and Tehran with a proposal for a 10-day ceasefire.

CNBCWorldNews 1 week ago

Iran says it attacked Amazon infrastructure in Bahrain It's been 10 days since U.S. President Donald Trump declared the ceasefire with Iran "over." Here's what you need to know about the conflict.

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Iran says it attacked Amazon infrastructure in Bahrain

It's been 10 days since U.S. President Donald Trump declared the ceasefire with Iran "over." Here's what you need to know about the conflict.

CNBCWorldNews 1 week ago

All eyes are on John Healey, the UK's new finance minister. Here’s what’s at stake J.P. Morgan boss Jamie Dimon, who backed Healey's predecessor, has waded into the U.K.'s political debate.

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All eyes are on John Healey, the UK's new finance minister. Here’s what’s at stake

J.P. Morgan boss Jamie Dimon, who backed Healey's predecessor, has waded into the U.K.'s political debate.

CNBCWorldNews 1 week ago

U.S. condemns China's 'dangerous and aggressive' acts after Philippine sailor injured at disputed shoal The flare-up came before Rubio is expected to visit Manila for meetings of Southeast Asian foreign ministers, with Chinese diplomat Wang Yi also in attendance.

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U.S. condemns China's 'dangerous and aggressive' acts after Philippine sailor injured at disputed shoal

The flare-up came before Rubio is expected to visit Manila for meetings of Southeast Asian foreign ministers, with Chinese diplomat Wang Yi also in...