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Bonuses at South Korean chip giants Samsung and SK Hynix create inflation fears
Business News

Bonuses at South Korean chip giants Samsung and SK Hynix create inflation fears

South Korean chip giants Samsung and SK Hynix are set to pay large bonuses to employees, with South Korea's central bank warning that the payments could fuel inflation, CNBC reports.
SpaceX and Microsoft in tight battle for rankings of world's most valuable listed companies
Business News

SpaceX and Microsoft in tight battle for rankings of world's most valuable listed companies

SpaceX's rocket trip on Wall Street has shaken up the rankings of the world's most valuable listed companies. The company is now battling Microsoft for fourth place
SpaceX buys Anysphere for 563 billion Swedish kronor
Business News

SpaceX buys Anysphere for 563 billion Swedish kronor

Elon Musk's space company SpaceX is buying AI company Anysphere, co-founded by Swede Arvid Lunnemark, CNBC reports. The price tag is $60 billion, equivalent to 563 billion Swedish kronor
Oil below $80 for first time since March
Business News

Oil below $80 for first time since March

Futures prices for North Sea oil fell below $80 per barrel on Tuesday for the first time in three months.
Oil prices fall after US and Iran reach deal to reopen Strait of Hormuz
Business News

Oil prices fall after US and Iran reach deal to reopen Strait of Hormuz

SpaceX took off at rocket speed in its stock market debut
Business NewsTop News

SpaceX took off at rocket speed in its stock market debut

SpaceX shares surged when the company's stock was listed on the Nasdaq in New York on Friday, closing up more than 19 percent. The surge means that Elon Musk is now the world's first dollar-trillionaire
OpenAI files for IPO
Business News

OpenAI files for IPO

OpenAI, which is behind the popular AI service ChatGPT, is approaching an IPO. According to CNBC, the company has filed a confidential application with the U
Judge halts increase in H-1B visa fees for tech workers
Business News

Judge halts increase in H-1B visa fees for tech workers

A federal judge is blocking President Donald Trump's plan to raise a visa fee to $100,000 for immigrants in the U. S
Broadcom plummets in after-hours trading after reporting lower-than-expected sales
Business News

Broadcom plummets in after-hours trading after reporting lower-than-expected sales

American chip giant Broadcom reported lower-than-expected sales in its quarterly report on Wednesday evening.
Netanyahu after Trump's harsh words: We have the same goals
World News

Netanyahu after Trump's harsh words: We have the same goals

Donald Trump admits he got angry with Benjamin Netanyahu after Israel's escalating attacks in Lebanon. But the Israeli prime minister is playing down the harsh exchange of words
NASA: Bezos rocket damage could take until 2028 to repair
World News

NASA: Bezos rocket damage could take until 2028 to repair

It could take until 2028 for the damage to be repaired after the explosion of Blue Origin's New Glenn lunar rocket last week, NASA Administrator Jared Isaacman told CNBC.
Dell exceeded expectations, stock surges in after-hours trading
Business News

Dell exceeded expectations, stock surges in after-hours trading

Computer manufacturer Dell beat market expectations in its quarterly report on Thursday. The stock is surging in after-hours trading on the New York Stock Exchange
Broad declines in Asia as oil rises after reports of attacks near the Strait of Hormuz
Business News

Broad declines in Asia as oil rises after reports of attacks near the Strait of Hormuz

Several of Asia's leading indices are falling on Thursday, while crude oil prices are rising. The market reaction follows reports of new attacks near the Strait of Hormuz
WTI oil plunges despite new US attacks on Iran
Business News

WTI oil plunges despite new US attacks on Iran

The July WTI crude oil futures contract fell by just over 5 percent overnight Tuesday, despite new US attacks on Iran.
Oil prices fall at opening as US and Iran deal talks weigh on futures
Business News

Oil prices fall at opening as US and Iran deal talks weigh on futures

Crude oil prices are clearly falling as futures trading opens after the weekend.
Pretty happy weekend on Wall Street as US and Iran agreement remains unclear
Business News

Pretty happy weekend on Wall Street as US and Iran agreement remains unclear

New York's stock exchanges ended the trading week in the red.
More than 47,000 Samsung employees to begin 18-day strike
Business News

More than 47,000 Samsung employees to begin 18-day strike

More than 47,000 employees at South Korean electronics giant Samsung will go on strike on Thursday, Yonhap reports.
Germany to sell Swedish-linked energy company Uniper
Business News

Germany to sell Swedish-linked energy company Uniper

The German government plans to reprivatize the energy group Uniper, which is a co-owner of the Swedish nuclear power plants Oskarshamn, Ringhals, and Forsmark.
Foreign countries dumped US government securities after the war in Iran broke out in March
Business News

Foreign countries dumped US government securities after the war in Iran broke out in March

When the war in Iran broke out in March, other countries dumped assets into US government bonds.
EU lowers growth forecast, Iran war causes friction
Business News

EU lowers growth forecast, Iran war causes friction

The EU will lower its growth forecast this week and simultaneously raise its inflation forecast. The reason is the ongoing war involving Iran
Musk backs away from OpenAI founders after federal jury rules 2024 suit time-barred
Business News

Musk backs away from OpenAI founders after federal jury rules 2024 suit time-barred

The world's richest man, Elon Musk, appears to be backing away from his highly publicized stance toward OpenAI and its founders, Sam Altman and Greg Brockman.
Crude oil prices rise after trading opens
Business News

Crude oil prices rise after trading opens

Crude oil prices are starting the week higher. Both WTI and North Sea crude are up around 2 percent in early trading
Volatile stock markets in Asia as Seoul rises while Hong Kong and Tokyo fall
Business News

Volatile stock markets in Asia as Seoul rises while Hong Kong and Tokyo fall

Up in South Korea, down in Hong Kong. The trading week on Asian stock exchanges begins in opposite directions
Analysts: Interest rate hikes could end in a stock market crash
Business News

Analysts: Interest rate hikes could end in a stock market crash

Analysts are warning of a stock market crash if the global wave of rapidly rising market interest rates does not subside. Higher market rates are also putting upward pressure on fixed-rate mortgages
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