CNBCWorldNews 5 days ago

U.S. to see higher generic drug prices thanks to tariffs, CEO of leading India pharma firm warns CEO of Indian pharma company Dr Reddy's has warned that Trump's proposed tariffs on generic drugs will make them more expensive for patients.

CNBC

U.S. to see higher generic drug prices thanks to tariffs, CEO of leading India pharma firm warns

CEO of Indian pharma company Dr Reddy's has warned that Trump's proposed tariffs on generic drugs will make them more expensive for patients.

CNBCWorldNews 5 days ago

Trump's new global tariff draws rebukes from trade partners over forced-labor justification U.S. trading partners have rejected the forced-labor rationale behind Trump's new global tariffs, while most signaled plans to keep negotiating.

CNBC

Trump's new global tariff draws rebukes from trade partners over forced labor justification

U.S. trading partners have rejected the forced labor rationale behind Trump's new global tariffs, while most signaled plans to keep negotiating.

CNBCWorldNews 5 days ago

China's largest memory chipmaker sparks fears of a cash drain as it readies for public debut CXMT is stoking fears that its blockbuster stock market debut could pull cash from China's equities.

CNBC

China's largest memory chipmaker sparks fears of a cash drain as it readies for public debut

CXMT is stoking fears that its blockbuster stock market debut could pull cash from China's equities.

CNBCWorldNews 6 days ago

Amazon cracks down on use of AI images by sellers after New York law A recently enacted New York law mandates that companies disclose when an ad includes a "synthetic performer" in place of a human actor.

CNBC

Amazon cracks down on use of AI images by sellers after New York law

A recently enacted New York law mandates that companies disclose when an ad includes a "synthetic performer" in place of a human actor.

CNBCWorldNews 6 days ago

Allianz to buy HSBC’s Singapore insurance unit for $2.09 billion Allianz to acquire Singapore insurance business from HSBC

CNBC

Allianz to buy HSBC’s Singapore insurance unit for $2.09 billion

Allianz to acquire Singapore insurance business from HSBC

CNBCWorldNews 6 days ago

Japan core inflation rate in June creeps up from 4-year low as higher oil prices bite This is the first rise in core inflation since March, and was in line with the1.6% growth expected by economists polled by Reuters.

CNBC

Japan core inflation rate in June creeps up from 4-year low as higher oil prices bite

This is the first rise in core inflation since March, and was in line with the1.6% growth expected by economists polled by Reuters.

CNBCWorldNews 6 days ago

S&P 500 futures are little changed as traders look to recover from oil-driven sell-off: Live updates The three major averages are heading for weekly losses, led by the tech-heavy Nasdaq Composite.

CNBC

S&P 500 closes little changed Friday as Iran fears and chip sell-off weigh down market: Live updates

The three major averages are heading for weekly losses, led by the tech-heavy Nasdaq Composite.

CNBCWorldNews 6 days ago

Trump to slap 'sweeping' new tariffs on 60 trade partners as global duties expire The Trump administration has ramped its tariff actions back up since the president's trade agenda suffered major legal setbacks earlier this year.

CNBC

Trump imposes 'sweeping' new tariffs on 60 trade partners as global duties expire

The Trump administration has ramped its tariff actions back up since the president's trade agenda suffered major legal setbacks earlier this year.

CNBCWorldNews 6 days ago

Intel blows past estimates, recording fastest sales growth in almost 15 years on 'unprecedented' demand Despite a recent slump in the stock, Intel shares are still up over 170% this year.

CNBC

Intel rides AI boom to fastest revenue growth in almost 15 years, but shares sink

Intel's revenue jumped 25%, the most robust growth for any period since the third quarter of 2011.

CNBCWorldNews 6 days ago

Cerebras stock gains on AMD partnership Cerebras and AMD agreed to work together, pairing their technology for AI systems.

CNBC

Cerebras stock gains on AMD partnership

Cerebras and AMD agreed to work together, pairing their technology for AI systems.

CNBCWorldNews 6 days ago

Shortsighted stock market can no longer brush off war: 'It's too hard to ignore $100 oil' After staying flat as the U.S.-Iran war heated up again, equities tumbled on Thursday after oil prices crossed $100 per barrel.

CNBC

Shortsighted stock market can no longer brush off war: 'It's too hard to ignore $100 oil'

After staying flat as the U.S.-Iran war heated up again, equities tumbled on Thursday after oil prices crossed $100 per barrel.

CNBCWorldNews 6 days ago

'The Odyssey' is cleaning up for IMAX. Expect the momentum to continue Nolan's "The Odyssey" is racking up box office dollars for IMAX and fueling investor confidence that the company will reach a record ticket sales in 2026.

CNBC

'The Odyssey' is cleaning up for Imax. Expect the momentum to continue

Nolan's "The Odyssey" is racking up box office dollars for Imax and fueling investor confidence that the company will reach record ticket sales in ...

CNBCWorldNews 6 days ago

Alphabet and Tesla test Wall Street's patience as AI spending overshadows growth Shares of Alphabet and Tesla dipped after the companies reported massive spending increases in their quarterly earnings reports.

CNBC

Alphabet and Tesla test Wall Street's patience as AI spending overshadows growth

Shares of Alphabet and Tesla dipped after the companies reported massive spending increases in their quarterly earnings reports.

CNBCWorldNews 6 days ago

Google Cloud CEO Kurian says customers are spending 50% more as segment blows away expectations Google Cloud CEO Thomas Kurian told CNBC on Thursday that the company's existing customers are spending "roughly 50% more" than they've already committed.

CNBC

Google Cloud CEO Kurian says customers are spending 50% more as segment blows away expectations

Google Cloud CEO Thomas Kurian told CNBC on Thursday that the company's existing customers are spending "roughly 50% more" than they've already com...

CNBCWorldNews 6 days ago

Trump says Saudi nuclear deal contingent on relations with Israel, does not include enrichment The civilian nuclear cooperation agreement, signed Wednesday, will be sent to Congress for review, the Department of Energy said.

CNBC

Trump says Saudi nuclear deal contingent on relations with Israel, does not include enrichment

The civilian nuclear cooperation agreement, signed Wednesday, will be sent to Congress for review, the Department of Energy said.

CNBCWorldNews 6 days ago

Cryptocurrency exchange BitMEX to shut down BitMEX also urged users to close ⁠their open positions and withdraw their funds before the closure.

CNBC

Cryptocurrency exchange BitMEX to shut down

BitMEX also urged users to close ⁠their open positions and withdraw their funds before the closure.

CNBCWorldNews 6 days ago

10-year Treasury yield threatening to break out to 19-month high The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — was up more than 1 basis point to 4.675%

CNBC

10-year Treasury yield rises to highest since January 2025 as surging oil rekindles inflation fear

U.S. Treasury yields climbed on Wednesday, following oil prices higher, as traders also reacted to a slump in weekly claims for unemployment insura...

CNBCWorldNews 6 days ago

Google slapped with $1 billion fine under landmark EU digital law European regulators fined Google 890 million euros ($1 billion) alleging the company gives preferential treatment to its own services.

CNBC

Google slapped with $1 billion fine under landmark EU digital law

European regulators fined Google $1 billion, alleging the company gives preferential treatment to its own services.

CNBCWorldNews 6 days ago

Tesla and Alphabet shares slump in premarket trading as AI spending concerns spook investors Both Tesla and Alphabet signaled higher spending as they invest in artificial intelligence.

CNBC

Tesla, Alphabet lose hundreds of billions in value in post-earnings stock plunge

Both Tesla and Alphabet signaled higher spending as they invest in artificial intelligence.

CNBCWorldNews 6 days ago

Goldman tests the bubble case behind the IPO boom While U.S. IPO issuance is on track for a record-breaking year, Goldman Sachs views the surge as a normalization of market activity.

CNBC

Goldman tests the bubble case behind the IPO boom

While U.S. IPO issuance is on track for a record-breaking year, Goldman Sachs views the surge as a normalization of market activity.