Trump warns Tehran over activity at Pickaxe Mountain
Vantor satellite image shows tunnel construction activities and a large spoil pile near the Natanz…
Trump warns Tehran over activity at Pickaxe Mountain
Vantor satellite image shows tunnel construction activities and a large spoil pile near the Natanz nuclear complex at Pickaxe Mountain. Maxar | Maxar | Getty Images U.S. President Donald Trump has urged Iran “not to get cute” over activity at a suspected nuclear site on Pickaxe Mountain, following a barrage of attacks between both countries…
China helped keep the lid on oil price surge as Iran war disrupted supplies
China’s years of stockpiling of crude and subsequent pullback on oil purchases since the Middle East war erupted in late February helped the world avoid a far deeper energy crisis. But that buffer may face a test as Beijing shows signs of resuming purchases, according to economists. “China kind of saved the day,” and helped…
World’s largest contract chipmaker TSMC sees August revenue surge 53% to record high
The TSMC logo is displayed on a building in Hsinchu, Taiwan April 15, 2025. Ann Wang | Reuters Taiwan Semiconductor Manufacturing Co. reported record monthly revenue for August on Thursday, as demand for chips used in artificial intelligence applications remained strong. The world’s largest contract chipmaker posted revenue of $514.8 billion New Taiwan dollars ($16.35…
Ant International, Visa and Mastercard team up on AI payment standard
MasterCard and Visa cards are seen in this illustration photo taken in Krakow, Poland on March 29, 2024. Nurphoto | Nurphoto | Getty Images Fintech company Ant International announced Thursday it has signed on Visa and Mastercard to collaborate on a new standard for payments made via AI agents, in a bet that they will…
Samsung tries to draw iPhone users to its foldables amid Apple entry
An attendee with a Samsung Galaxy Z Fold 8 smartphone at a Samsung Unpacked product launch event in London, UK, on Wednesday, July 22, 2026. Samsung Electronics Co. revamped its foldable phone lineup, introducing a new entertainment-focused model that will compete with Apple Inc.’s imminent entry into the market. Photographer: Chris Ratcliffe/Bloomberg via Getty Images Bloomberg | Bloomberg…
investor complacency amid piling risks
UBS CEO Sergio Ermotti on Thursday warned that investors have grown complacent over the past few years, even as geopolitical and economic risks have mounted. “There has been a level of complacency in financial markets in the last few years,” Ermotti told CNBC’s Christine Tan, adding that given the environment one would have expected considerably…
India’s green push aims to boost energy security but exposes China dependency
Hello, this is Priyanka Salve, writing to you from Mumbai. Welcome to the latest edition of “Inside India“ — your one-stop destination for stories and developments from the world’s fastest-growing large economy. India shares a complex relationship with its neighbor China. While New Delhi heavily relies on imports from Beijing, it also seeks to position itself…
Here’s who’s speaking at the GOP midterm convention in Dallas
A sign is posted in front of the American Airlines Center ahead of the 2026 Republican National Committee (RNC) Midterm Convention on Sept. 8, 2026 in Dallas, Texas. Justin Sullivan | Getty Images The Republican midterm convention kicked off Wednesday, with fewer than half of the candidates in the most competitive congressional races due to speak…
Bank of America CEO says the consumer remains resilient despite rising gas prices
Bank of America CEO Brian Moynihan said on Wednesday the bank’s data shows consumer spending and credit remain healthy despite rising gasoline prices. “Consumers spent in the month of August about 4% more than they spent last August,” Moynihan said on CNBC’s “Mad Money.” “Last quarter it was 5%, so it’s kicking along. That’s consistent…
Jacksonville Jaguars owner Shad Khan
Despite an unrelenting rise in NFL team valuations, Jacksonville Jaguars owner Shad Khan told CNBC in an exclusive interview that the price of NFL teams is still undervalued compared with the price of teams in other professional sports leagues. “I think the run-up for NFL is almost endless,” said Kahn. Khan told CNBC that the…
