World
Why UBS just raised its gold forecast again as the precious metal hovers near record high
UBS strategists hiked their forecast for 2026 spot gold prices, seeing a continuation of the tailwainds that have powered a string of record highs in the year to date. The bank kept its end of 2025 target at $3,500 per ounce, up from the current spot rate of around $3,340. For next year, it lifted […]
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Nvidia working on new AI chip for China that outperforms the H20, Reuters reports
Nvidia is developing a new AI chip for China based on its latest Blackwell architecture that will be more powerful than the H20 model it is currently allowed to sell there, two people briefed on the matter said. U.S. President Donald Trump last week opened the door to the possibility of more advanced Nvidia chips being sold in China. But the sources noted U.S. regulatory approval is far from guaranteed amid […]
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CNBC Daily Open: OpenAI CEO, who sparked AI frenzy, worries about AI bubble
Sam Altman, CEO of OpenAI, speaks during the Federal Reserve Integrated Review of the Capital Framework for Large Banks Conference in Washington, D.C, U.S., on July 22, 2025. Al Drago | Bloomberg | Getty Images There’s a bubble forming in the artificial intelligence industry, according to OpenAI CEO Sam Altman. “Are we in a phase […]
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American money pours into Europe’s soccer giants as club valuations soar
Kobbie Mainoo of Manchester United during the Premier League match between Manchester United FC and Aston Villa FC at Old Trafford on May 25, 2025 in Manchester, England. Alex Livesey | Getty Images European soccer is a bigger business than ever, with clubs in the continent’s five top leagues raking in 20.4 billion euros ($23.7 […]
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European markets set to open higher amid positive reaction to Trump-Zelenskyy talks
LONDON — European stocks are expected to open broadly higher on Tuesday as global markets reacted positively to the outcome of talks between U.S. President Donald Trump, Ukrainian President Volodymyr Zelenskyy and European leaders at the White House on Monday. The U.K.’s FTSE index is seen opening 0.18% higher, Germany’s DAX 0.14% higher, France’s CAC 40 up 0.16% and Italy’s […]
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From dumpling-making to pub quizzes: Gen Z’s recipe to making friends in real life
Young professionals are going to networking events to strike up friendships. Getty Images Fatigued by everything virtual, the youngest generation at work are now leaning into in-person networking events to find their tribe. A large number of Generation Z — born between 1997 and 2012 — entered the workforce during the Covid-19 pandemic and were […]
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U.S. spy chief Gabbard says UK agreed to drop ‘back door’ mandate for Apple
U.S. Director of National Intelligence Tulsi Gabbard said on Monday the UK had agreed to drop its mandate for iPhone maker Apple to provide a “back door”. Angela Weiss | AFP | Getty Images U.S. Director of National Intelligence Tulsi Gabbard said on Monday the U.K. had agreed to drop its mandate for iPhone maker Apple to provide a “back door” that would have enabled access to […]
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CNBC Daily Open: Is the AI industry in a bubble, as OpenAI CEO says?
Sam Altman, CEO of OpenAI, and Lisa Su, CEO of Advanced Micro Devices, testify during the Senate Commerce, Science and Transportation Committee hearing titled “Winning the AI Race: Strengthening U.S. Capabilities in Computing and Innovation,” in Hart building on Thursday, May 8, 2025. Tom Williams | CQ-Roll Call, Inc. | Getty Images There’s a bubble […]
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Asia markets set to open mostly higher as investors await outcome of Trump-Zelenskyy meeting
Ulsan city skyline from the Hamwolru Pavilion. People can enjoy beautiful cityscape for free. Ulsan, South Korea. Insung Jeon | Moment | Getty Images Asia-Pacific markets were poised to open mostly higher Tuesday as investors awaited the outcome of the talks led by U.S. President Donald Trump with Ukraine’s President Volodymyr Zelenskyy and European leaders at the […]
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Stock futures are flat as the market awaits Fed’s Jackson Hole summit, retail earnings: Live updates
SoftBank will invest $2 billion into Intel, chipmaker’s shares rise Japanese conglomerate SoftBank will invest $2 billion into Intel, according to an announcement from the two companies. SoftBank will pay $23 per share of Intel’s common stock. The chipmaker’s shares ended Monday’s regular session at $23.66. Intel jumped more than 5% in extended trading. Stock […]
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