Follow the latest financial and economic news, market updates, reports, and analysis on PipVero.
Growth is holding up despite renewed tensions over trade, geopolitics and bond markets, though the AI boom's outsize role is a growing concern
DeepSeek founder Liang Wenfeng is best known for the AI model that gave China its "ChatGPT moment." Less visible is the quant empire that bankrolled the AI lab.
Oil prices fell on Friday and are on track to snap a two-week winning streak, despite settling higher in the previous session following a report that U.S. President Donald Trump is not interested in returning to previous deal terms with Iran.
Revolution Medicines attracted takeover interest but decided to go it alone. This week's FDA approval of its pancreatic cancer pill is the payoff.
U.S. President Donald Trump told reporters Thursday local time he could be sanctioning Chinese banks. U.S. and Chinese officials are proceeding with preparations for Chinese President Xi Jinping's trip to the U.S. next month.
Charges could come this fall as part of a new batch of insider trading cases.
Oil and gas prices remained elevated amid uncertainty over the Middle East conflict, but firms appear increasingly confident that strong consumer demand and a resilient economy can offset the pressure.
The deal would give the U.S. a direct stake in 17 of Venezuela's most promising oil-and-gas fields that house some 90 billion barrels of crude oil reserves.
Asian currencies consolidated against the dollar ahead of Fed Chairman Warsh's speech at Jackson Hole later.
Japanese stocks were higher following overnight gains in U.S. technology shares.
Joe Lavorgna, chief economist at SMBC Nikko Securities America and former Treasury advisor under President Trump, believes investors are "hyperventilating" over bond moves and interest rates. He believes there's no reason to panic unless interest rates show a strong, disorderly move.
Honeywell spinoff Solstice is shelving its $14.5 billion deal to buy Element Solutions , the companies said on Thursday, scrapping a merger that would have created a major supplier of chemicals for semiconductor manufacturing.
Canada cannot accept a trade deal with the U.S. unless it ensures the survival of a robust Canadian auto assembly and parts industry, Canada's ambassador to Washington said on Thursday, giving no indication when talks may resume.
Trump administration officials are working on a deal to secure the United States, which is overseeing Venezuela's oil exports, long-term access to a portion of the South American country's crude reserves, sources with knowledge of the negotiations said on Thursday.
CNBC Business News Update with Jessica Ettinger - Market & Business News with expert analysis from top names in money. Visit CNBC.com for more.
