SoftBank sinks as Asia chip stocks track Wall Street AI rout

CANADA – 2025/08/07: In this photo illustration, the SoftBank Group (Soft Bank) logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Asia tech stocks tumbled on Friday as a fresh rout in U.S. semiconductor shares spread across Asia, underscoring growing…

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AI demand fuels investors’ portfolios while oil posts biggest monthly decline

An interactive display featuring artificial intelligence at the iRootech Technology Co. offices in Guangzhou, China, on Wednesday, April 15, 2026. Bloomberg | Bloomberg | Getty Images Hello, this is Justina Lee writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open. Artificial intelligence remains the market’s favorite, with investors continuing to rotate…

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Heirs don’t want to invest like their parents

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…

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Iran deal fuels global relief stock rally

A woman walks past a billboard displaying Iran’s national flag at Enghelab Square in Tehran on June 14, 2026. – | Afp | Getty Images Hello, this is Leonie Kidd writing to you from London. Welcome to today’s edition of the Daily Open newsletter. U.S. President Donald Trump had a number of reasons to celebrate…

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