Inside the Gulf’s trillion-dollar AI gamble
With energy and cash to spare, the Middle East’s wealthy Gulf states are attempting to position themselves as the next global AI hub.
From ‘Trump dump’ to ‘Hedge America’: Global investors are still hesitant to go all-in on the U.S.
Investors are “deliberately excluding the U.S.” from new portfolio allocations, one market watcher said.
Multiple people at U.S. military base fall ill after suspicious package delivered, CNN reports
A suspicious package was delivered to a U.S. military base in Maryland, which caused multiple people to fall ill and led to several being taken to hospital.
Southeast Asia’s largest bank CEO warns investors: ‘Buckle up, we’re in for a volatile ride’
DBS CEO Tan Su Shan cautioned investors about persistent market swings amid stretched U.S. valuations and concentrated AI stock exposure.
Trump says India has ‘largely stopped’ buying Russian oil, hints at visiting the country next year
India currently faces 50% tariffs on it exports, higher than the 47% duties on China.
Elon Musk says Tesla needs to build ‘gigantic chip fab’ to meet AI and robotics needs
Tesla CEO Elon Musk he needs a “gigantic” semiconductor fabrication plant to meet the company’s chip needs as it expands its AI and robotics ventures.
China’s exports unexpectedly contract in October — dropping for the first time since March 2024
The two countries agreed to roll back a range of punitive measures, including steep tariffs, export controls for critical minerals and advanced technology.
CNBC’s Inside India newsletter: India’s ‘back offices’ are evolving into leadership hubs for global companies
GCCs are looking to hire leadership roles in India as firms move critical R&D and IP to these centers.
Doordash has biggest one-day drop ever as stock falls 17% on spending concerns
Doordash has already shelled out billions this year to buy restaurant booking platform SevenRooms and British delivery platform Deliveroo.
Asia-Pacific markets open lower, tracking Wall Street losses, as AI stocks resume slump
Investors in Asia will look to trade data coming out of China later in the day.