Australia’s Prime Minister Anthony Albanese arrived in Shanghai on Saturday for a six-day visit to three Chinese cities where regional security tensions and economic ties are likely to dominate talks. Albanese’s second visit to China, where he will meet President Xi Jinping, comes after Canberra stepped up screening of Chinese investment in critical minerals and…
Sarah Friar, CFO of OpenAI, appears on CNBC’s Squawk Box on August 20, 2025. CNBC OpenAI will make 2026 its year of “practical adoption,” the artificial intelligence startup’s finance chief said in a blog Sunday. “The priority is closing the gap between what AI now makes possible and how people, companies, and countries are using…
Check out the companies making headlines in premarket trading: Synopsys , Cadence Design Systems — Shares of the Silicon Valley chip designers rallied more than 5% and 6%, respectively. The U.S. government lifted restrictions on exporting chip-design software to China, according to announcements from companies in the industry. Datadog — The cloud monitoring provider surged…
People walk by a Claire’s store on December 11, 2024 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Tween retailer Claire’s filed for bankruptcy protection for the second time in seven years on Wednesday in the hopes it can reorganize its business and stave off liquidation. The mall-based boutique, long…
The AI market is tipped to splinter in 2026. The last three months of 2025 were a rollercoaster of tech sell-offs and rallies, as circular deals, debt issuances, and high valuations fueled concerns over an AI bubble. Such volatility may be an early sign of how AI investment is set to evolve as investors pay closer…
Boxes of Ozempic and Wegovy made by Novo Nordisk at a pharmacy in London on March 8, 2024. Hollie Adams | Reuters Novo Nordisk on Monday said it has cut the direct-to-consumer prices of its blockbuster weight loss drug Wegovy and diabetes counterpart Ozempic, adding to efforts by the company and the Trump administration to…
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Wall Street veteran David Zervos added his name Thursday to the list of potential Federal Reserve chairs who think the central bank is past due in approving an interest rate reduction. The chief market strategist at Jefferies told CNBC that central bankers shouldn’t be daunted by the July producer price index showing pipeline inflation pressures…
Former Brazilian President Jair Bolsonaro speaks to the press at the Federal Senate in Brasilia on July 17, 2025. Mateus Bonomi | Afp | Getty Images Brazil’s Supreme Court on Monday issued an house arrest order for former President Jair Bolsonaro, who is standing trial for allegedly plotting a coup, in a move that could escalate…
