Business groups press Senate to drop defense contractor payout limits
A Senate defense bill provision would restrict Pentagon contractors’ buybacks and dividends unless the Defense Department signs of...
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Stocks
World Cup semifinals send late travel surge into U.S. host cities
Travel, hotel and restaurant spending is rising as World Cup fans wait for knockout results before booking trips to host cities.
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Buffett leaves Gates Foundation out of latest Berkshire stock gifts
Berkshire said Warren Buffett will give 12 million Class B shares to four family-linked foundations, with no allocation to the Gat...
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Gulf oil exporters race for routes around Hormuz after Trump toll threat
Saudi Arabia and the UAE are using pipelines, ports and shuttle tankers to cut exposure to the Strait of Hormuz as U.S.-Iran tensi...
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Trump’s Hormuz fee plan puts oil supply risk back on traders’ radar
A proposed 20% charge on cargo through the Strait of Hormuz is raising concern that oil supply forecasts may be too calm.
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China’s June trade surge beats forecasts as AI demand lifts exports
Exports rose 27% in June and imports climbed 36%, customs data showed, as AI hardware demand and tariff timing boosted trade flows...
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Private credit faces a rate squeeze as inflation pressure returns
Higher rates are testing private credit borrowers as inflation concerns reduce hopes for quick relief, industry executives told CN...
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LimX’s $200 million round puts China’s humanoid IPO rush in focus
The Shenzhen robotics startup says it is preparing for a likely Hong Kong listing as investor money pours into China’s humanoid ro...
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UMC starts silicon photonics wafer production in Singapore
The Taiwanese contract chipmaker is ramping a technology used in fast AI data links, while Citi says its second-half outlook is im...
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IBM stock slides after preliminary results miss Wall Street estimates
IBM said second-quarter earnings and revenue came in below analyst expectations, sending shares down more than 17% in premarket tr...
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SK Hynix options debut puts AI memory trade in retail spotlight
After a $26.5 billion US listing, SK Hynix is set to get options as retail traders hunt for AI supply-chain winners.
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US strikes Iran again as Gulf tanker attacks lift oil prices
Brent and WTI rose after U.S. strikes and Iranian attacks raised new concerns about shipping through the Strait of Hormuz.
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