Month: June 2025
SK Hynix shares extend gains to over 2-decade highs as parent group reportedly plans AI data center
Illustration of the SK Hynix company logo seen displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images Shares in South Korea’s SK Hynix extended gains to hit a more than 2-decade high on Tuesday, following reports over the weekend that SK Group plans to build the country’s largest AI data center. SK […]
Read More
Why a pacifist Japan seems to be doubling down on arms exports
Anton Petrus | Moment | Getty Images Japan, renowned for its pacifist constitution, is now setting its sights on the global arms exports market. Defense Minister Gen Nakatani earlier this month told Nikkei that he wanted to promote Japan’s defense exports, signaling a clear shift in the country’s arms policy, which has so far been […]
Read More
CNBC Daily Open: The Israel-Iran conflict continues but markets seem unfazed
Smoke billows from an explosion at the Islamic Republic of Iran Broadcasting (IRIB) building in Tehran on June 16, 2025. AFP | Getty Images The U.S. stock market rose and oil prices retreated amid news that Iran wants a ceasefire with Israel. As early as the first days of Israel’s strikes, Tehran reportedly asked several […]
Read More
Trump to leave G7 summit early due to Middle East situation
U.S. President Donald Trump is leaving the Group of Seven summit in Canada a day early due to the situation in the Middle East, the White House said on Monday. The G7 has struggled to find unity over conflicts in Ukraine and between Israel and Iran as Trump overtly expressed support for Russian President Vladimir […]
Read More
OpenAI wins $200 million U.S. defense contract
OpenAI CEO Sam Altman speaks during the Snowflake Summit in San Francisco on June 2, 2025. Justin Sullivan | Getty Images News | Getty Images OpenAI has been awarded a $200 million contract to provide the U.S. Defense Department with artificial intelligence tools. The department announced the one-year contract on Monday, months after OpenAI said […]
Read More
Stock futures are little changed as investors eye Israel-Iran conflict: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City. Spencer Platt | Getty Images Stock futures were roughly flat on Monday evening as investors continued to monitor the conflict between Israel and Iran. Futures tied to the Dow Jones Industrial Average added 26 points, or 0.06%. S&P 500 […]
Read More
Trump, Starmer say U.S.-UK trade deal finalized
U.S. President Donald Trump holds a folder with a document next to British Prime Minister Keir Starmer as they speak to the media during the G7 summit in Kananaskis, Alberta, Canada, June 16, 2025. Kevin Lamarque | Reuters President Donald Trump and British Prime Minister Keir Starmer on Monday said they had finalized a trade […]
Read More
Judge deems Trump’s cuts to National Institutes of Health illegal
A federal judge in Boston on Monday said the termination of National Institutes of Health grants for research on diversity-related topics by President Donald Trump’s administration was “void and illegal,” and accused the government of discriminating against racial minorities and LGBT people. U.S. District Judge William Young during a non-jury trial said the NIH violated federal […]
Read More
OpenAI new recruiting head says company faces ‘unprecedented pressure to grow’
In this photo illustration, the OpenAI logo is displayed on a mobile phone screen with a photo of Sam Altman, CEO of OpenAI. Didem Mente | Anadolu | Getty Images The pace of artificial intelligence innovation is raising the stakes for companies like OpenAI to snatch up top talent, according to new recruiting head Joaquin […]
Read More
AMD shares rise 10% after analysts say they expect a ‘snapback’ for chipmaker
AMD CEO Lisa Su unveils the AMD vision for Advancing Al. Courtesy: AMD Shares of Advanced Micro Devices rose nearly 10% on Monday after analysts at Piper Sandler lifted their price target on the stock on optimism about the chipmaker’s latest product announcement. The analysts said they see a snapback for AMD’s graphics processing units, […]
Read More