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AMD reports weaker-than-expected earnings even as revenue tops estimates

AMD, which is second in the market for AI graphics processing units, is grappling with chip export controls.

Published on: August 06, 2025 | Source: CNBC International favicon CNBC International

Super Micro shares plunge 15% on weak results, disappointing guidance

The server maker's business is still getting a big boost from artificial intelligence, but growth is slowing.

Published on: August 06, 2025 | Source: CNBC International favicon CNBC International

Reeves warned of β€˜impossible trilemma’ on tax, spending and fiscal rules

Think-tank Niesr urges chancellor to increase income tax rates at her next Budget

Published on: August 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Singaporeans are avoiding the U.S. more than other Asian travelers. Here's why

A survey shows Singaporeans' views of the U.S. differed from those from Indonesia, Vietnam, Thailand, the Philippines and Malaysiaβ€” often by a wide margin.

Published on: August 05, 2025 | Source: CNBC International favicon CNBC International

Texas redistricting plan sparks bitter battle ahead of US midterms

Rivalries between the Republicans and Democrats intensify as states try to game the electoral system

Published on: August 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Lucid softens full-year production forecast as EV maker misses second-quarter estimates

The electric vehicle maker now anticipates producing between 18,000 and 20,000 vehicles for the year after previously projecting a goal of 20,000.

Published on: August 05, 2025 | Source: CNBC International favicon CNBC International

FirstFT: Investors warn over Trump’s assault on economic data

Also in today’s newsletter, former TSMC staff arrested for alleged β€˜trade secret leaks’, and OpenAI releases models to compete with DeepSeek

Published on: August 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Lebanese government tells army to prepare plan to disarm Hizbollah

Prime Minister Nawaf Salam under mounting pressure from the US to take the militant group’s weapons

Published on: August 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Head of England’s water regulator to leave this month

David Black’s departure from Ofwat comes after government-backed report recommended scrapping the watchdog

Published on: August 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Diageo raises cost-cutting target as US tariffs bite

Profits at maker of Guinness and Johnnie Walker fall by almost 30% amid downturn in alcohol sales

Published on: August 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Hinge Health stock pops 6% after first quarterly report since IPO

The company reported quarterly results for the first time since its debut on the New York Stock Exchange in May.

Published on: August 05, 2025 | Source: CNBC International favicon CNBC International

Trump says new semiconductor tariff plan coming as soon as next week

Trump's announcement on CNBC's "Squawk Box" came on the heels of him unveiling new tariff rates on numerous countries, with some facing steep hikes.

Published on: August 05, 2025 | Source: CNBC International favicon CNBC International

Trump claims JPMorgan and BofA turned away his business

US president escalates rightwing claim that banks deny service to conservatives for political reasons

Published on: August 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Russia's economy 'stinks,' Trump says, and lower oil prices will stop its war machine

"Putin will stop killing people if you get energy down another $10 a barrel. He's going to have no choice because his economy stinks," Trump said Tuesday.

Published on: August 05, 2025 | Source: CNBC International favicon CNBC International

Nvidia says its AI chips don't have a 'kill switch' after Chinese accusation

The statement is an example of how Nvidia is navigating becoming a center of geopolitical conflict.

Published on: August 05, 2025 | Source: CNBC International favicon CNBC International

Iran appoints veteran leader to revamp security after war with Israel

Ali Larijani’s selection seen as a moderating force and attempt to rein in hardliners

Published on: August 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Trump readies fresh US sanctions against Russia’s shadow fleet

US president has threatened Vladimir Putin with punitive measures to force him to end war in Ukraine

Published on: August 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Trump’s chilling assault on economic data

Sacking the Bureau of Labor Statistics’ commissioner undermines the integrity of crucial national statistics

Published on: August 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Linda Yaccarino appointed chief executive of telehealth start-up

Former head of X joins eMed Population Health after shock exit from social media group last month

Published on: August 05, 2025 | Source: Financial Times - World favicon Financial Times - World

OpenAI releases open models to compete with China’s DeepSeek

Launch of free and more transparent AI systems marks departure from group’s subscription-based closed approach

Published on: August 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Pfizer predicts higher profit amid cost cuts and pricing pressure from Trump

Drugmaker says it is on track to make $7.2bn in savings by the end of 2027

Published on: August 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Ion Iliescu, Romania’s first post-communist president, dies at 95

Former apparatchik played leading role in regime change and country’s pivot to west but also brutally repressed dissent

Published on: August 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Apollo assets hit record high as markets whipsaw on Trump’s tariffs

Group draws in $61bn in second quarter, bringing assets under management to $840bn

Published on: August 05, 2025 | Source: Financial Times - World favicon Financial Times - World

UK to pay for transport under migrant deal with France

Terms released on Tuesday show how keen PM Keir Starmer was to secure an agreement with Paris

Published on: August 05, 2025 | Source: Financial Times - World favicon Financial Times - World

America’s war on government waste deserves bipartisan support

Doge’s cuts have generated attention, but misspending and fraud cost hundreds of billions of dollars each year

Published on: August 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Donald Trump’s attack on US labour statistics agency spooks investors

President’s decision to sack Bureau of Labor Statistics chief undermines faith in official data, economists warn

Published on: August 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Chocolate, skincare and timepieces: What 39% tariffs on Swiss goods mean for U.S. consumers

Switzerland is facing potential U.S. tariffs of 39% if a deal is not struck by Thursday.

Published on: August 05, 2025 | Source: CNBC International favicon CNBC International

Norway to review $2tn oil fund’s investments in Israeli companies

Finance minister Jens Stoltenberg orders probe after outcry over allegations that groups have aided Gaza offensive

Published on: August 05, 2025 | Source: Financial Times - World favicon Financial Times - World

How training the brain could boost economic growth

In a world where solutions are harder to come by, we must maximise the power of the human mind

Published on: August 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Trump rules out Bessent for Federal Reserve chair

President says US Treasury secretary took his name out of consideration

Published on: August 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Trump prepares to announce crucial appointments for economic institutions

Also in today’s newsletter, tension over tomatoes

Published on: August 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Caterpillar warns of $1.5bn tariff hit as trade tensions dent earnings

US industrial bellwether posts lower-than-expected profits as costs rise

Published on: August 05, 2025 | Source: Financial Times - World favicon Financial Times - World

World's largest chipmaker TSMC says it has discovered potential trade secret leaks

TSMC dominates the market for the manufacturing of the most advanced chips on the planet and counts major firms like Apple and Nvidia as clients.

Published on: August 05, 2025 | Source: CNBC International favicon CNBC International

Tesla sales in Britain and Germany fall by more than 55% as China’s BYD soars

The latest figures reaffirm a downward European trend for Elon Musk's electric vehicle maker.

Published on: August 05, 2025 | Source: CNBC International favicon CNBC International

Saudi Aramco posts revenue drop ahead of projected demand hike in second half

Saudi Aramco said quarterly revenues were impacted by lower crude oil and oil products prices.

Published on: August 05, 2025 | Source: CNBC International favicon CNBC International