Jakub Porzycki | Nurphoto | Getty Images OpenAI and Broadcom on Wednesday unveiled their debut custom chip, called Jalapeño, marking the ChatGPT maker’s first entry into artificial intelligence silicon. The chips will be made by Broadcom and used by OpenAI for inference, the compute-intensive process of serving its AI models to users in ChatGPT and…
Treasury Secretary Scott Bessent expressed confidence Wednesday that the U.S. economy can get back on the path to 3% growth as the Iran war nears conclusion. “We can have something with a three in front of it this year,” Bessent said in a live interview on CNBC’s “Squawk Box.” “The underlying economy has been strong.”…
A tourist protects herself from the sun under an umbrella in front of the Louvre Pyramid, designed by Chinese-US architect Ieoh Ming Pei in Paris on June 23, 2026, as France experiences a heatwave. Dimitar Dilkoff | Afp | Getty Images A record-breaking European heat wave has caused a major power outage in France, as…
Russian President Vladimir Putin attends a wreath-laying ceremony marking the 85th anniversary of the Nazi Germany invasion into the Soviet Union in World War II on the Remembrance and Sorrow Day at the Tomb of the Unknown Soldier by the Kremlin wall in Moscow on June 22, 2026. Pavel Bednyakov | Afp | Getty Images…
An exhibitor demonstrates a Unitree Robotics G1 humanoid robot at the Humanoids Summit in Tokyo, Japan, on Friday, May 29, 2026. Kiyoshi Ota | Bloomberg | Getty Images Morgan Stanley has sharply raised its outlook for China’s humanoid robotics market, saying the industry’s shift from demonstration to commercial deployment has proved faster than expected. The…
Defense stocks plummeted on Wednesday after a report that Germany will abandon plans to build six warships, fuelling investor fears that the boost to defense contractors from increased government spending may not fully materialize. Berlin is planning to scrap a multi-billion-euro project to build the F126 frigates, according to the Financial Times, citing two people…
Workers assemble Leopard 2A7 main battle tanks at the KNDS heavy weapons factory on August 01, 2025 in Kassel, Germany. Sean Gallup | Getty Images News | Getty Images Defense giant KNDS has announced its intention to proceed with an IPO, saying on Wednesday that it plans to list its shares in Paris and Frankfurt….
Commercial vessels and oil tankers preparing to transit through the Strait of Hormuz, one of the most critical strategic waterways for global trade flows, maintain their wait in the Gulf of Oman, on June 17. Anadolu | Anadolu | Getty Images Oil extended losses during Asian trading hours on Wednesday as concerns over potential supply…
Inside Creative House | Istock | Getty Images The largest transfer of wealth in modern history is underway, and the heirs set to inherit trillions of dollars in family fortunes are preparing to use the money very differently from the generations that built it. Over the next two decades, an estimated $83.5 trillion is expected…
Traders work in the S&P options trading pit at the Cboe Global Markets exchange on March 31, 2026 in Chicago, Illinois. Scott Olson | Getty Images Global markets operator Cboe has launched its first predictions markets product, the latest financial-markets company working to capitalize on consumer demand in the fast-growing sector. The offering includes binary…
