Day: March 23, 2026
CNBC’s The China Connection newsletter: The secret sauce behind Alibaba’s animation studio
Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a succinct snapshot of what I’m seeing and hearing from local businesses. Today, I dive into Alibaba’s latest effort to take on the global animation market, just as Hollywood tries harder to capture Chinese moviegoers. What […]
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OpenAI calls out Microsoft reliance as risk in investor document ahead of expected IPO
OpenAI CEO Sam Altman speaks during the BlackRock Infrastructure Summit on March 11, 2026, in Washington. Anna Moneymaker | Getty Images In a document that resembles an IPO prospectus, OpenAI said its close ties with Microsoft could be a potential risk to its business, telling investors that the software company is responsible for “a substantial […]
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Apollo gives investors only 45% of requested withdrawals from $15 billion private credit fund
Key Points Apollo’s $15 billion private credit fund received withdrawal requests equal to 11.2% of shares — more than double its 5% quarterly cap — and will return just 45 cents on the dollar to investors. Unlike rivals including Blackstone, which recently relaxed redemption limits to meet investor demand, Apollo is holding firm at the […]
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Stock futures are little changed after Monday’s relief rally; traders eye latest developments in Iran: Live updates
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 23, 2026. Brendan McDermid | Reuters U.S. stock futures were little changed on Monday night after the major averages staged a relief rally, fueled by traders’ hopes that a resolution may be in sight for the U.S.-Iran […]
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Jeffrey Gundlach says it’s a ‘going nowhere’ market, warns of private credit strains
DoubleLine Capital CEO Jeffrey Gundlach said markets are stuck in a holding pattern with few assets delivering meaningful returns, as he warned that stresses emerging in private credit could deepen if investors rush for liquidity. “It’s kind of a going nowhere market right now, sort of trendless. Almost nothing is up. Nothing is really down […]
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Microsoft stock may be in a slump. But here’s why it is wrong to give up now
Things keep lining up against Microsoft , with all roads leading back to the company’s tarnished standing as an artificial intelligence leader and how that could impact the company’s Azure cloud growth. It’s been known for some time that Microsoft’s Copilot AI assistant has been disappointing. At a time when Alphabet ‘s Gemini, OpenAI’s ChatGPT, […]
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Asia wants more U.S. oil and gas to reduce Middle East dependence after Iran war, Burgum says
HOUSTON — Asian countries want to buy more U.S. energy to reduce their dependence on oil and gas exports from the Middle East, Interior Secretary Doug Burgum told CNBC on Monday. Japan, South Korea and Taiwan rely heavily on exports through the Strait of Hormuz. Oil tanker traffic through the strait has plunged as Iran […]
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Estée Lauder is in talks to merge with Puig amid ongoing turnaround plan
An Estee Lauder pop-up store is seen inside daimaru Department Store on Nanjing Road Pedestrian street in Shanghai, China, August 6, 2021. Costfoto | Future Publishing | Getty Images Beauty company Estée Lauder Companies said Monday that it is in talks with Spanish beauty group Puig to potentially merge the two companies. “No final decision […]
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Senate to take final vote Monday on Mullin’s DHS secretary appointment
U.S. Senator Markwayne Mullin, President Donald Trump’s nominee to be Homeland Security secretary, tesifies before a Senate Homeland Security and Governmental Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., March 18, 2026. Evan Vucci | Reuters The Senate is expected to vote Monday night on Sen. Markwayne Mullin’s nomination to lead the […]
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Democrat Emily Gregory wants to represent Trump — and his Mar-a-Lago resort — in Florida’s legislature
U.S. President Donald Trump’s Mar-a-Lago property in Palm Beach, Florida. Marco Bello | Reuters Emily Gregory, a small business owner and first time candidate for elected office, is looking to score an upset in a Florida special election on Tuesday to represent Mar-a-Lago in the state legislature. Gregory is a Democrat running for state House […]
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