News
Iran is in the 'process of blinking' over the Strait of Hormuz, Petraeus says
3+ hour, 38+ min ago (366+ words) Iran appears to be in the process of "blinking" over the Strait of Hormuz, according to ex-CIA director David Petraeus. Speaking to CNBC's Lisa Kim at the UBS Asian Investment Conference, Petraeus, chairman of the KKR Global Institute, said that…...
Ford to follow Tesla Cybertruck with electrical tech in new EV pickup
3+ mon, 6+ day ago (972+ words) DETROIT " Ford Motor's $5 billion "bet" on its next generation of all-electric vehicles will feature a budding technology that Tesla commercialized in the U. S. on its Cybertruck, the Detroit automaker said Tuesday. The system, known as a 48-volt electrical architecture, had been…...
Delivery Hero shares rise 10% as rival Uber mulls another takeover bid
3+ hour, 21+ min ago (198+ words) Shares in Delivery Hero rose over 10% on Monday morning following a Financial Times report that U. S. rival Uber weighed an improved bid for the German food delivery firm." Delivery Hero confirmed in a statement on Saturday that it had received a…...
Here's how much athletes at the 2026 Winter Olympics get for winning medals
2+ mon, 3+ week ago (606+ words) For athletes at the ongoing 2026 Milano-Cortina Winter Olympics, a podium finish can mean more than glory and a medal. In some countries, it also comes with watches and six-figure payouts. Nearly 2, 900 athletes from more than 90 national Olympic committees are competing…...
Huawei unveils new smartphone chips this fall as rivalry with Nvidia and Apple heats up
4+ hour, 39+ min ago (495+ words) SHANGHAI " Chinese tech giant Huawei on Monday touted a new approach to developing advanced semiconductors despite U. S. sanctions, as Nvidia struggles to sell its high-end chips in China. Huawei said it developed a new engineering approach called "Logic Folding" to manufacture…...
European stocks expected to open higher as U. S. -Iran talks continue
4+ hour, 40+ min ago (184+ words) European stocks are set to open higher on Monday as hopes for a deal between the U. S. and Iran rose over the weekend." France's Cac 40 is on course to add 0. 9%, according to futures data from IG. Germany's Dax is on track…...
Trump is wielding the power of the state to back critical mineral companies. These are the possible next targets
7+ mon, 3+ week ago (915+ words) The Trump administration needs to strike multiple deals with U. S. miners to secure the nation's supply chain against China, said Mark Chalmers, CEO of Energy Fuels, a miner focused on uranium and rare earth minerals. The Pentagon decision to take an…...
Singapore reports lower-than-expected inflation for April at 1. 8%, revises economic growth higher
5+ hour, 15+ min ago (213+ words) Singapore on Monday reported lower-than-expected inflation for April at 1. 8% in April, as the higher costs of energy due to the Iran war will take meaningful effect only from the third quarter. Reuters-polled economists has estimated inflation at 2%. Core inflation " which…...
Beware the boom and bust cycle of memory stocks, investors warn amid AI boom
5+ hour, 37+ min ago (705+ words) London " Outsized returns for memory-related stocks have helped fuel substantial gains in U. S. and South Korean equity markets in recent years " but market watchers warn investors forget the market's cyclicality at their own risk. The memory industry has been in a…...
Family offices piled into oil after capital dried up. The recent rally has made for big gains
1+ mon, 2+ week ago (696+ words) The Iran war has propelled oil prices to above $94 a barrel, up about 30% since the conflict began in late February. That rally has been a boon for investment firms of ultra-wealthy families who made opportunistic bets on oil in recent…...