CNBC Daily Open: Two market forces battle for dominance
Bond yields and oil prices keep investors’ attention ahead of key inflation data that could set the course for the Fed.
-
-
Fintechs conquered payments in India. Now they’re eyeing credit
Fintech companies, the driving force behind the adoption of digital payments in India, are now focusing on offering credit to the underserved population.
-
Chinese Nvidia rival Enflame soars 206% on stock market debut as AI demand stays hot
Chinese AI chipmaker Enflame, an Nvidia rival and one of China’s “four little dragons,” made its Shanghai market debut.
-
China-Philippines tensions simmer after Beijing rebukes Manila over Seoul clash
China and the Philippines have been locked in years of tension over their competing claims in the South China Sea, with friction intensifying in recent months.
-
A Chinese humanoid startup flips ‘distillation’ claim on OpenAI as it releases a new robotics model
Ant-backed startup JoyIn’s CEO published an article in Chinese that raised questions about similarities between his company’s new model and OpenAI publications.
-
U.S. crude oil tops $100 again – last seen in May – as market braces for prolonged Iran war
Oil prices remain elevated amid worries that escalating tensions in the Middle East could further exacerbate supply disruptions
-
Y Combinator’s Garry Tan says ‘do nothing’ about distillation as AI giants accuse China of copying their tech
At Y Combinator’s annual Demo Day, CEO Garry Tan explained why he’s less concerned about frontier AI model distillation and the existential risk of AI.
-
Trump’s $1 trillion-plus ‘dividend’ plan meets immediate bipartisan pushback
Such a payout could cost more than $1 trillion and is likely to face legal obstacles.
-
The iPhone Duo enters China’s crowded foldable market — and faces a price test
Chinese netizens focused on the price of Apple’s iPhone Duo, as cheaper Xiaomi and Huawei foldables raise value comparisons and muddle the foldable’s reception.
-
Oracle’s stock edges up on earnings beat as cloud infrastructure revenue more than doubles
Oracle’s results for the quarter came in stronger than expected, as did its revenue backlog.