Volkswagen braces for boardroom showdown over historic cost-cutting plan
Volkswagen is poised for a boardroom showdown following reports that the auto giant is weighing up shutting four factories and implementing 100,000 job cuts.
OpenAI proposes 5% stake to Trump administration to ease Washington pressure: report
Trump said in June that the U.S. taking an ownership stake in AI giants would be “a beautiful thing” and make American public “partners in this revolution.”
Russia launches massive strike on Ukraine as Poland scrambles jets, Finland restricts airspace
The Russian defence ministry said that it launched a “massive strike using long-range precision air, land, and sea-based weapons and attack drones.”
Europe wants to rebalance trade with Beijing, but can’t quit Chinese air conditioners
An historic heat wave has driven unprecedented demand for Chinese-made air conditioners in Europe, underscoring the tough task Brussels faces in rebalancing trade with Beijing.
Oil prices fall after U.S.-Iran talks conclude in Doha
Oil prices fell more than 1% on Wednesday after talks between Washington and Tehran concluded.
Samsung Electronics, SK Hynix shares tumble over 7% as chip rout spreads from Wall Street
Shares of Samsung Electronics and SK Hynix plummeted more than 7% in early Thursday trading.
Thursday’s big stock stories: What’s likely to move the market in the next trading session
The Dow hit a record before closing marginally lower on Wednesday. Tune into CNBC Thursday at 5 p.m. ET for an exclusive interview with President Donald Trump.
Trump got $15,000 in FIFA tickets from Gianni Infantino. Next up: Presenting the World Cup trophy
Trump’s ties to FIFA and Gianni Infantino face new scrutiny as the World Cup enters the knockout round and European lawmakers press over a Peace Prize complaint.
Prolific tech analyst Dan Ives is exiting Wedbush for a new venture
Ives said the new firm will seek to build what he described as a “modern merchant bank.”
Chip stocks that notched record rallies in second quarter start Q3 with a dud
Memory maker Micron, which jumped over 240% in the second quarter, dropped 11% on Wednesday, wiping out nearly $200 billion of market capitalization.