Auto giants forced to confront some hard truths in the age of ‘polycrisis’
Top original equipment manufacturers are caught in a perfect storm.
Inside Texas Instruments’ $60 billion U.S. megaproject, where Apple will make iPhone chips
Apple committed to making iPhone chips at Texas Instruments’ new U.S. factories. CNBC got an exclusive first look inside TI’s $60 billion megaproject.
Ether erases gains from Jackson Hole rally after hitting a fresh record over the weekend
Ether rose to a new record over the weekend, after hitting an all-time high Friday for the first time since 2021.
Orsted shares tumble 17% as U.S. government halts wind project construction
The U.S. last week ordered the company to halt construction of an almost completed project.
European stocks open lower; Orsted tumbles 18%
European markets started the day lower on Monday.
Keurig Dr Pepper to acquire Dutch coffee company JDE Peet’s for $18 billion
After its planned acquisition of Dutch coffee company JDE Peet’s, Keurig Dr Pepper will split its beverage and coffee units into two separate U.S.-listed firms.
Chinese households have amassed record savings. That’s now fueling a stock market boom
China’s stock market has been rallying to multiyear highs. Fueling the bull run are ordinary Chinese households, flush with record savings and a fear of missing out.
Singapore July inflation eases to cooler-than-expected 0.6% — lowest since Jan. 2021
This was lower than the 0.7% expected by economists polled by Reuters, and was also below the 0.8% seen in June.
China’s state-backed Dongfeng Motor skyrockets to 8-year highs as parent to take automaker private
Shares of China’s Dongfeng Motor Group skyrocketed after its parent company announced on Friday plans to take the automaker private at a premium.
From the ‘Big Stay’ to a ‘no-hire, no-fire’ freeze, labor markets are seeing sizable shifts
Many workers are staying put in their jobs, while businesses are putting the brakes on hiring or firing.