Author: Daniel snow
[ad_1] Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during the company’s annual general meeting in Tokyo, Japan, on Friday, June 27, 2025. Bloomberg | Bloomberg | Getty ImagesSoftBank is “all in” on OpenAI, CEO Masayoshi Son said on Friday, as the Japanese tech giant looks to realize its vision of “artificial superintelligence.”This year, the Japanese multinational conglomerate has been increasing its investments in OpenAI and participating in joint ventures such as the $500 billion Stargate project. According to Son, SoftBank is now “all in” on the artificial intelligence company, with total planned investments in the company…
[ad_1] The theft of luxury cars is highly-sophisticated and widespread, with Range Rovers just one of a number of targets for organized crime groups.Picture Alliance | Picture Alliance | Getty ImagesCars are being stolen and shipped from the U.K. within 24 hours, according to a new report which found thefts are costing British consumers and the economy billions of pounds.Organized criminal gangs are driving the surge in car thefts in the country, the Royal United Services Institute (RUSI) defense and security think tank said in a report published Thursday, with U.K. vehicle theft rising by 75% in the past decade…
[ad_1] CNBC’s Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Sign up to receive future editions.BRUSSELS, BELGIUM – DECEMBER 04: Logo of the NATO on December 04, 2024 in Brussels, Belgium. (Photo by Florian Gaertner/Photothek via Getty Images)Florian Gaertner | Photothek | Getty ImagesOverview: NATO holds out its hand to the commercial space sectorNATO’s agreed to open its wallet wider, and space and defense players are likely lining up to benefit. The military coalition’s brand-new commercial space strategy adds the cherry on top.Now inked, at the vocal behest of U.S.…
[ad_1] This is the moment for Israel to move on from intense military operations to political statecraft. [ad_2] Source link
[ad_1] Asia FX muted, dollar struggles at 3-yr low with PCE data on tap [ad_2] Source link
[ad_1] A worker checks a finished vehicle on the production line for electric vehicle maker Zeekr at its factory on May 29, 2025 in Ningbo, China. Kevin Frayer | Getty Images News | Getty ImagesChina’s industrial profits plunged 9.1% in May from a year earlier in the latest sign that Beijing’s stimulus efforts are falling short on boosting enterprises’ profitability.Cumulative profits at major industrial firms fell 1.1% this year as of May, compared to a year earlier, the data showed.Citi Bank earlier this week upgraded China’s growth forecast for 2025 to 5% from 4.7%, in line with Beijing’s official target,…
[ad_1] Chongqing, China.Jackyenjoyphotography | Moment | Getty ImagesA new trend is driving Southeast Asian tourists to China’s Chongqing city — viral social media clips of monorails running through a residential building, buildings perched atop hilly terrain, and a pedestrian bridge on the 13th floor.Flight bookings from Southeast Asia to Chongqing increased more than sixfold during the Dragon Boat Festival holiday, which fell on May 31 this year, compared with the previous year, Chinese online travel platform Fliggy told CNBC.”In 2025 alone, we’ve captured a nearly 12-fold surge in demand for Chongqing, compared to demand for other cities,” said Sarah Wan,…
[ad_1] The SpaceX Starbase industrial complex and rocket launch facility in Boca Chica, Texas, US, on Thursday, April 17, 2025. Mark Felix | Bloomberg | Getty ImagesA SpaceX crane collapse at the company’s Starbase, Texas facility on Tuesday has prompted an investigation by the Occupational Safety and Health Administration, the federal agency told CNBC in an email.The crane collapse was captured in a livestream by Lab Padre on YouTube, a SpaceX-focused channel. Clips from Lab Padre were widely shared on social media, including on X, which is owned by SpaceX CEO Elon Musk.It wasn’t immediately clear whether any SpaceX workers…
[ad_1] CNBC’s Jim Cramer on Thursday said he wanted to demonstrate that a broad group of stocks are seeing gains, reviewing some of the day’s best S&P 500 performers.”Everyone who warned you that the market was too narrow to go higher is now either closing out their short positions or getting their faces ripped off,” he said. “Neither’s a good thing.”Here are stocks that helped lead the broad market index on Thursday:Enphase Energy: Cramer said the possibility that Congress could preserve some solar tax credits is driving Enphase higher.Freeport-McMoRan: While Cramer said he doesn’t want to own this copper miner…
[ad_1] McCormick CEO Brendan Foley told CNBC’s Jim Cramer on Thursday that the spice maker is assessing how new tariffs will impact sourcing for its products.”This is a big area,” Foley said. “Agriculture impact is probably what we’re focused on when you’re looking at tariff impact.”Foley said the company has “done a nice job mitigating the tariff impact” going into the rest of the year. He said it’s important to understand that of the products sold in the U.S., 90% are made domestically. However, he continued, the majority of ingredients are sourced from abroad because many can’t be grown in…