From Hormuz to Malacca: The toll risk hanging over oil markets
A view of Belawan Port in the waters of the Malacca Strait, Medan, North Sumatra, Indonesia on April 28, 2026. Anadolu | Anadolu | Getty Images Iran’s push for control over the Strait of Hormuz has prompted some energy market participants to worry…
Google backs Proxima Fusion in $468 million round
Google has backed Germany-based Proxima Fusion, which is looking to build Europe’s first commercial fusion power plant, in a 411 million euros ($468 million) round, the company announced on Tuesday. Nuclear fusion is the process of combining two…
Chinese AI models gain ground with U.S. companies as costs surge
Chinese-built AI models are gaining traction among U.S. companies as they narrow the performance gap with leading American rivals while remaining significantly cheaper to use. Recent model releases from Chinese companies, including DeepSeek and Z.ai, are…
Samsung Electronics’ preliminary second quarter profit hits fresh high
The Samsung exhibition stand features the prominent »A new era of mobile agentic AI» slogan by the South Korean company Samsung Electronics. Joan Cros | Nurphoto | Getty Images Samsung Electronics on Tuesday reported preliminary second-quarter operating…
Trump heads to Turkey for NATO summit as Russia attacks Ukraine
US President Donald Trump arrives for a luncheon in the Rose Garden of the White House in Washington, DC, US, on Monday, July 6, 2026. Shawn Thew | Bloomberg | Getty Images President Donald Trump is headed to Turkey for a summit of the North Atlantic…
Hanwha Ocean shares sink 23% as it loses bid to build Canada’s next fleet of submarines
YANTAI, CHINA – OCTOBER 27 2025: Ships are seen under construction at Hanwha Ocean Shandong Co. Ltd. in Yantai, Shandong province, eastern China, on Monday, Oct. 27, 2025. Five U.S.-based subsidiaries of the South Korean company Hanwha Ocean have…
World Cup in photos: Balogun and U.S.-Belgium match, Ronaldo bows out
The U.S. headed into its Round-of-16 World Cup match against Belgium dealing with controversy after FIFA suspended Folarin Balogun’s one-match red-card ban, paving the way for the team’s leading scorer to play. Balogun was initially sent off…
Jim Cramer says these are the 5 stocks to buy during this market rotation
CNBC’s Jim Cramer said Monday that investors shouldn’t fear the latest market rotation. Instead, he thinks it’s creating buying opportunities in several high-quality stocks that have been pulled lower by institutional selling. «If you…
Microsoft cuts 2.1% of employees as Xbox unit plans to spin studios
Microsoft said Monday it is immediately eliminating 4,800 jobs, representing 2.1% of its workforce, in the software giant’s latest effort to cut costs in the era of artificial intelligence. Its Xbox division will lose about one-fifth of its staff,…
Platner Senate campaign responds to sexual assault allegation
Democratic Maine Senate candidate Graham Platner on Monday said he’s taking «time to reflect» on his campaign’s path forward after a woman accused him of sexually assaulting her in 2021. Platner, 41, and his campaign denied the accusations…