SK Hynix shares plunge over 11% as Asia sees tech rout, tracking U.S. chip losses
Asian semiconductor stocks tumbled on Thursday as a selloff in U.S. chipmakers spilled into the region.
Culture & Life
Time, arts and everyday life around the globe.
U.S. slaps 25% tariff on most Brazilian goods over 'unfair trade practices'
A separate U.S. probe into forced-labor enforcement could see an additional 12.5% duty on Brazilian goods on top of the 25%, with the decision due next week.
TSMC second-quarter profit jumps over 77%, beating estimates, on high-end chip boom
TSMC announced a second-quarter profit, following its June revenue figures released earlier this week.
More in Culture & Life
Financial Times
Conflicts of interest are back — and more blatant than ever
Democrats would do well to focus their fire on the use of public office by Donald Trump’s circle for private gain
Financial Times
Energy IPOs surge as investors hunt for ways to play AI boom
Companies coming to market raise money at fastest pace this century, although many stocks perform poorly later
CNBC
Alibaba and Baidu shares jump in Hong Kong on Apple AI partnership
The technological rivalry between China and the U.S. has intensified, as they race for AI dominance.
CNBC
Bank of Korea raises rates to 2.75% in first hike in over three years
The 25 basis point hike by the Bank of Korea was in line with a survey of economists polled by Reuters.
Financial Times
India Inc goes on a foreign buying spree
Outflows come as foreign investors flee country’s markets at fastest pace ever this year
CNBC
Ex-Fed advisor gets over three years in prison for lying about China ties
The case marks one of the most prominent U.S. prosecutions alleging Chinese intelligence targeting of U.S. institutions, as Trump intensifies its pursuit of foreign economic espionage.
Financial Times
Messi punishes England to drive Argentina into World Cup final
Reigning men’s champions celebrate comeback 2-1 win after opponents retreat into defensive shell
Financial Times
US hits tanker heading for Kharg Island under renewed Iran blockade
Military clashes over control of Strait of Hormuz threaten global oil supplies
Financial Times
US will not win Iran war from the air, Trump’s ex-defence chief warns
Mark Esper tells FT more bombing will not change Tehran’s behaviour, as president vows to step up attacks
CNBC
Fed Chairman Warsh says he meets 'often' with Trump administration, defends independence
Kevin Warsh said Wednesday that he speaks with Treasury Secretary Scott Bessent frequently outside their regular weekly meetings.
CNBC
World Cup gave bars and restaurants a needed boost as consumers flash warning signs, Fed says
The latest edition of the Fed's Beige Book indicated that the soccer tournament wasn't necessarily translating to broader economic growth.
CNBC
United earnings top estimates but airline expects $6 billion in added fuel costs
United reported higher revenue for premium, corporate and no-frills basic economy tickets and higher revenue for both domestic and international trips.
Financial Times
US troops to get testosterone treatment to make them strong
Announcement from defence secretary Pete Hegseth comes amid focus on low sperm count and virility on American right
CNBC
Munis are having a solid 2026. Investors can still grab 'generationally attractive yields'
Professionals still see opportunities ahead for municipal bond investors.
CNBC
Warren Buffett tells CNBC he initiated Berkshire Hathaway's investment in Alphabet
Warren Buffett said he was the driving force behind the conglomerate's recent big investment in Alphabet.
NPR Business
China's economy grows 4.3% in Q2, slowest since late 2022
Lagging consumer spending and business investment offset the boost from strong exports thanks partly to the boom in artificial intelligence.
CNBC
Mortgage rates rise to highest level in nearly a year, causing homebuyers to pause
Mortgage rates moved higher last week, causing buyers to pull back, but refinancing did see small gains.
NPR Business
American AI is expensive. Some startups are turning to cheap Chinese models
AI is a fast-growing business expense. Some companies are cutting costs by switching to cheaper Chinese AI models.
NPR Business
Mystery bidder buys T. rex nicknamed 'Gus' for a record $50 million
A T-rex fossil billed as one of the world's largest specimens was sold for a record $50.1 million Tuesday to a mystery bidder. But many aren't happy about it.
NPR Business
Inflation slowed sharply -- but it may not last
Annual inflation hit 3.5% in June, down from May's more than three-year high — but the resumption of the conflict with Iran threaten to push up inflation as energy costs once again spike.
NPR Business
'The Trojan Teddy Bear': The promise and peril of childhood in the age of AI
AI is moving beyond chatbots and into toys, dolls, and robots built to befriend children. A leading child-development expert says the technology offers real promise — but also risks crowding out the…
NPR Business
States sue to stop Paramount-Warner Bros blockbuster merger
California is among the states suing to block Paramount from buying Warner Bros. Discovery in a Hollywood mega-merger that would unite some of the nation's largest movie studios and TV newsrooms.
NPR Business
EV battery recycling has a math problem
For some electric vehicle batteries, it costs more to recycle them than they're worth. That creates all kinds of problems, which a new Colorado law aims to solve.
NPR Business
What a Monopoly importer learned when it tried to make things in the U.S.A.
After getting hit with tariffs for the imported board games he sells, Jonathan Silva decided to see if he could produce a version of his Monopoly game in the United States. This is what he learned.
NPR Business
Justice Department subpoenas New York Times reporters over Air Force One reporting
The Times says federal agents turned up on the doorsteps of several of its journalists to force grand jury testimony next week over their coverage of the Air Force One plane gifted to Trump by Qatar.
NPR Business
Largest housing affordability bill in decades becomes law without Trump's signature
President Trump refused to sign the bill without Congress first passing his sweeping voter ID bill.
Wall Street Journal
Palestinians Stream Back to Northern Gaza on Foot
Israel allowed displaced Gazans to begin crossing a military zone that bisects the enclave after a deadlock over hostage releases was broken.
Wall Street Journal
Leading China Property Developer Reports Huge loss, in Sign of Widening Real-Estate Woes
Troubles at Vanke raise questions about the continued spread of the property crisis and whether the Chinese state will step in.
Wall Street Journal
Freed Israeli Hostages Still Had Shrapnel in Their Bodies From Oct. 7 Attack
Some of the women were held alone for extended periods and spent eight months in tunnels, an Israeli medical official said.
Wall Street Journal
Suspected Sabotage of Deep-Sea Cable Triggers First NATO-Led Response
The alliance mounted its first coordinated response to a suspected sabotage campaign against critical infrastructure after another cable was severed in the Baltic Sea.
Wall Street Journal
Rwanda-Backed Rebels Enter Congo's Safe-Haven City
Residents of Goma reported gunfire and shelling after rebels overran Congolese troops. U.N. officials estimated that more than one million displaced people were now inside the city.
Wall Street Journal
Cocaine-Funded Gangs Shake Colombia Years After Peace Pact
Attacks by powerful militias against civilians reflect the state’s inaction eight years after a peace accord removed a powerful rebel group from the field.
Wall Street Journal
Italy Supports Saudi Arabia Joining Fighter-Jet Program, PM Meloni Says
The U.K., Italy and Japan have already partnered on the Global Combat Air Programme, which aims to put a new stealth fighter with supersonic capability in the skies by 2035.
Wall Street Journal
Shippers Wary of Red Sea Routes Despite Houthi Pledge to End Targeting
The world’s top three container operators said they fear instability in Gaza and broader regional tensions mean continued danger.
Wall Street Journal
Kim Jong Un Is Doing Everything He Can to Keep North Korea's Youth in Line
The dictator, eager to shut out the influence of Hollywood and K-pop, has been exalting a “shock brigade” of 300,000 teens and 20-somethings drafted into flood reconstruction.
Wall Street Journal
Trump Says Colombia Will Accept Deportees, Ending Tariff Standoff
The president has made immigration an early priority to start second term, with ICE making more than 900 arrests Sunday.
Wall Street Journal
Jeju Air Crash Probe Focuses On Engine Damage After Bird Strike
Pilots’ actions after that strike are an early focus of the investigation, according to people familiar with the probe.
Wall Street Journal
Germany's Economic Model Is Broken, and No One Has a Plan B
The country is focused on exports, but China is slowing imports and U.S. tariff threats are growing. Politicians are offering few alternatives.