Microsoft President Brad Smith told CNBC’s Arjun Kharpal that U.S. tech companies should “worry a little bit” about the subsidies their Chinese competitors receive from their government in the AI race. They were speaking at the sidelines of the AI Impact Summit in New Delhi, India.
Consumer confidence plunged to a record low in April as fears mounted over rising energy prices and the broader impact of the Iran war, according to a University of Michigan survey Friday. The university’s headline index of consumer sentiment tumbled to 47.6, down 10.7% from the March survey to its lowest on record. Current conditions […]
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Elbit Systems has soared 60% so far in 2026, and is set to add further to those gains gains, according to Bank of America. In a research report out Friday, the bank reiterated a buy rating on shares of the Israeli defense company and hiked its 12-month price target to $1,075, implying a nearly 16% […]
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Prime Minister of Pakistan Shehbaz Sharif speaks during the 80th session of the UN’s General Assembly (UNGA) at the United Nations headquarters on Sept. 26, 2025 in New York City. Taylor Hill | Getty Images Delegates from the U.S. and Iran are set to enter talks in Pakistan on Saturday, as major disagreements threaten to […]
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