CNBC Daily Open: Truce on land, storm at sea — markets are counting the cost Share [CNBC]
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Source: CNBC
Trump ordered the U.S. Navy “to shoot and kill any boat” that is laying mines in the narrow waterway. Oil prices jumped while U.S. stocks pulled back. Asia-Pacific markets traded mixed. Fatih Birol, the head of the International Energy Agency, or IEA, warned of “the biggest energy security threat in history.” Former Canadian Prime Minister Justin Trudeau said the “economic coersion” from the U.S. has prompted Canadian companies to make deals with China Meta planned to lay off 10% of its workforce and Nike announced a new round of layoffs, affecting approximately 1,400 employees across the organization. In this article Hello, this is Anniek Bao writing to you from Singapore. Welcome to another edition of CNBC's Daily Open. If it feels like a lot to keep track of — that's because it is. Trump extended the Israel-Lebanon ceasefire by three weeks, buying diplomats more breathing room, while turning up the heat on Iran over the Strait of Hormuz. Investors, by now somewha
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- Wall Street's week ahead: Soaring U.S. stocks face pivotal week of tech-led earnings, Fed meeting [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Amid AI shift, tech firms like Microsoft cut staff and alter pay [Yahoo! Finance]Yahoo! Finance
- Meta axes 8,000 jobs to fund AI spending spree, Microsoft to follow suit [Yahoo! Finance]Yahoo! Finance
- China's DeepSeek rolls out a long-anticipated update of its AI model [Yahoo! Finance Canada]Yahoo! Finance Canada
- China's DeepSeek rolls out a long-anticipated update of its AI model [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
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