World
Nvidia hits $4 trillion market cap, first company to do so
Nvidia CEO Jensen Huang attends a roundtable discussion at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris on June 11, 2025. Sarah Meyssonnier | Reuters Nvidia stock jumped more than 2% on Wednesday, topping a $4 trillion market cap for the first time as investors scooped […]
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Samsung launches three new foldable smartphones as it fends off Chinese rivals
The Galaxy Z Fold 7 is super thin, measuring just 8.9 millimeters when closed and 4.2 millimeters when unfolded. Ryan Browne | CNBC Samsung on Wednesday launched three new folding smartphones — including thinner top-end devices and a cheaper version of its flip phone — as the tech giant looks to entice buyers to make the […]
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Copper now costs way more in the U.S. than elsewhere. This could hit its economy hard
Close up of electrical engineer inspecting copper windings in an electrical engineering factory. Monty Rakusen | Digitalvision | Getty Images The cost of copper for U.S. buyers has rocketed after President Donald Trump said he would impose a 50% tariff on imports of the metal. It means that already elevated prices are now even higher […]
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Merck shells out $10 billion for London-based lung therapy firm Verona
Bloomberg | Bloomberg | Getty Images Merck will buy UK-based Verona Pharma for about $10 billion, the companies said on Wednesday, strengthening the U.S. firm’s respiratory treatment portfolio in a bid to diversify its revenue source beyond blockbuster cancer drug. Merck has been leaning on its aging cancer immunotherapy Keytruda, the world’s top-selling prescription medicine, […]
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Singapore state investor Temasek is rethinking defense as a strategic ESG bet
Defense stocks are booming — and according to one of Asia’s biggest investors, allocating capital to the sector doesn’t mean having to abandon ESG initiatives. Speaking to CNBC’s Martin Soong on Wednesday, Rohit Sipahimalani, chief investment officer at Singapore’s state investment fund Temasek, said his team were looking at opportunities in the European defense sector. […]
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Temasek’s portfolio scales new peak even as divestments hit over 2-decade high
An undated photo of a signage at Singapore state investor Temasek Holdings’ headquarters in the Southeast Asian city-state. Bryan van der Beek | Bloomberg | Getty Images Singapore state investment company Temasek Holdings’ net portfolio value soared to a record high of 434 billion Singapore dollars ($324 billion) for its financial year ended March. That’s […]
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Shares of Ray-Ban maker EssilorLuxottica jump 6% on reported Meta stake in AI push
Smart Ray-Ban Glasses, on June 16, 2024, in Caen, Normandy, France. Nurphoto | Getty Images Shares of Ray-Ban maker EssilorLuxottica almost 6% on Wednesday on reports that Meta has taken a minority stake in the company amid growing appetite for AI-powered wearable devices. Meta reportedly bought a stake worth around 3 billion euros ($3.51 billion) […]
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CNBC’s The China Connection newsletter: The hidden drag on China’s economy
Pictured here is construction on the One Sunac Opus high-end apartment complex in Beijing on Oct. 17, 2024. Bloomberg | Bloomberg | Getty Images This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Each week, we’ll explore the biggest business […]
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European stocks edge higher as markets digest Trump tariff comments
Banking stocks hit 17-year high The Banc Sabadell Tower in Barcelona, Spain, on May 1, 2024. Bloomberg | Bloomberg | Getty Images European shares open higher It’s around 30 minutes since European markets opened, and regional stocks are edging higher. The pan-European Stoxx 600 was last seen trading up by 0.1%, with all major bourses […]
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CNBC Daily Open: Wishing upon a meteor that tariffs won’t cause inflation
Containers sit at the Port of Los Angeles, in San Pedro, California, U.S., July 8, 2025. Daniel Cole | Reuters U.S. President Donald Trump announced Tuesday that copper and pharmaceutical imports will face tariffs of 50% and as high as 200%, respectively. Following the news, the S&P 500, which hit multiple record closes last week, […]
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