Crypto platforms lost billions to cyberattacks, many even after audits
A man holds a laptop computer as cyber code is projected on him in this illustration picture taken on May 13, 2017. Kacper Pempel | Reuters Security audits weren’t enough to keep many cryptocurrency platforms safe from money-losing hacks, crypto…
TSMC, Samsung to use ASML High NA EUV tools for AI chips
ASML’s Assia Haddou shows CNBC’s Katie Tarasov a High NA chipmaking machine in Veldhoven, Netherlands, on April 24, 2025. Magdalena Petrova Samsung and TSMC, the world’s two biggest chipmakers, have committed to using ASML‘s High…
Novartis stock plummets 10% after third trial disappointment in a week
FILE PHOTO: The logo of Swiss drugmaker Novartis is seen at the company’s new cell and gene therapy factory in Stein, Switzerland, November 28, 2019. Arnd Wiegmann | Reuters Novartis shares tanked 10% on Tuesday after the pharmaceutical giant said…
Canada tariffs up to 50% come into effect on $27.6 billion U.S. goods
A truck crosses into the United States on the Gordie Howe International Bridge, connecting Windsor, Ontario, and Detroit, Michigan, on September 6, 2025. Jeff Kowalsky | Afp | Getty Images Canada’s retaliatory tariffs on a swathe of U.S. goods took…
Oil extends gains on renewed Mideast hostilities
FILE PHOTO: Oil tankers pass through the Strait of Hormuz, December 21, 2018. Hamad I Mohammed | Reuters Oil prices extended gains Tuesday and were hovering at six-week highs on worries over escalating Mideast tensions after the U.S. and Iran traded…
Global markets shrug off shocks. HSBC sees what could break the streak
A trader works on the floor of the New York Stock Exchange. NYSE Global markets have shrugged off a barrage of shocks in recent years, but HSBC sees several developments that could eventually end that streak. The key risks include higher corporate taxes,…
China’s imports in August miss estimates as exports pick up pace
SHENZHEN, CHINA – MAY 1: The Chinese national flag is seen in front of stacked shipping containers bearing MSC (Mediterranean Shipping Company), Maersk, and Hamburg Süd branding at Yantian Port on May 1, 2026, in Shenzhen, Guangdong Province,…
Iran takes aim at Canada for supporting U.S. in Strait of Hormuz
A flag adorns the ArcelorMittal Dofasco steel plant as trade tensions escalate over U.S. tariffs and retaliatory measures by Canada in Hamilton, Ontario, Canada, Aug. 24, 2026. Carlos Osorio | Reuters Iran hit out at Canada for supporting U.S. actions in…
Here are the 3 big things we’re watching in this holiday-shortened trading week
Goodbye, summer. With Labor Day marking the unofficial end of summer, traders and portfolio managers will return from vacations and be back at their desks in full force. Portfolios tend to see some house-cleaning adjustments. Trading volumes pick up.…
CNBC’s The China Connection newsletter: China’s weak consumer becomes the world’s problem
A China-Africa liner carrying 23800 tons of mechanical equipment and engineering vehicles set sail from Yantai Port to Ghana, Yantai City, Shandong Province, China on September 3, 2026. Cfoto | Future Publishing | Getty Images Hi, this is Evelyn, writing…