Moonshot AI says Kimi K3 narrows China’s gap with U.S. AI leaders
Moonshot AI’s new Kimi K3 model put pressure on Chinese AI stocks as investors weighed a stronger local challenger to OpenAI and A...
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Stocks
Home affordability weakens again as mortgage costs squeeze buyers
NAR said buyers needed $109,152 in income to qualify for a mortgage on a median-priced single-family home in June.
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Oil gains as U.S.-Iran threats put energy supply risk back in focus
WTI and Brent rose Friday after Tehran warned it would hit regional infrastructure if Trump ordered strikes on Iran’s key faciliti...
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Inheritance estimates diverge by tens of trillions
Visa and Cerulli are using different lenses to size the coming transfer of wealth from older Americans to younger heirs.
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Seven & i rises on report of talks to buy Zabka stake
The 7-Eleven owner gained in Tokyo after Nikkei reported a potential investment in Poland’s largest convenience store chain.
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Saab tops second-quarter estimates as defense orders hit new high
The Swedish defense group reported stronger-than-expected sales and profit as European military spending lifted its order book.
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CNBC poll shows Americans souring on economy and Trump
A new CNBC survey finds voters worried about prices, cutting spending and giving Trump low marks on the economy ahead of the midte...
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Deoleo says olive oil market has moved into a steadier phase
The Bertolli owner told CNBC that better rainfall and lower prices are helping stabilize supply and revive household demand.
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SBI Fund Management IPO draws $30.7 billion in bids
India’s largest IPO of 2026 was subscribed 41.6 times, with institutions supplying most of the demand ahead of bigger listings exp...
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LeBron James says Nike needs community roots to regain its cool
Nike’s longtime signature athlete said the brand should reconnect with local communities as its stock and sales momentum remain un...
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Xi casts China as AI partner for developing countries
At Shanghai’s World AI Conference, Xi promised AI training for developing nations and criticized security policies that restrict t...
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SpaceX calls off Starship test as shares slip below IPO price
SpaceX halted a planned Starship launch in Texas after an engine-start issue, adding pressure to shares that recently fell under t...
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