Market veteran Howard Marks says Fed is 'not going back' to ultra-low rates

That means credit can provide a "very solid foundation" to an investment portfolio, the Oaktree Capital Management co-founder told CNBC.

World’s largest wealth fund says there’s ‘clearly a lot of froth’ in the tech sector right now

The chief executive of Norway's gigantic sovereign wealth fund on Tuesday said there is "clearly a lot of froth" in the tech sector.

UAE central bank asks lenders to defer loan repayments for six months to help flood-hit residents

Roughly a year's worth of rain pummeled the Gulf country in a span of just 12 hours between April 16 and 17, destroying businesses, cars and other property. 

Apple iPhone sales drop 19% in China as demand for Huawei smartphones soars, research says

Apple saw sales of its iPhones fall 19.1% in the first three months of the year, according to data from Counterpoint Research.

Google search boss warns employees of 'new operating reality,' urges them to move faster

At a recent all-hands meeting, Google search head Prabhakar Raghavan told employees that the world is changing and they have to adjust.

Drugmaker Novartis climbs after guidance rise on sales of blockbuster drugs

Shares of Swiss drugmaker Novartis climbed as much as 4.8% in early deals Tuesday after it raised its full-year guidance following better-than-expected first-quarter results.

This small town in France is selling a house for 1 euro—applications are open, but there's a catch

The French town of Saint-Amand-Montrond estimates that renovating the property will cost around $136,180 USD.

AirPods, Rolex watches, Louis Vuitton bags: A company selling lost luggage items attracts worldwide fans

Unclaimed Baggage buys and sells items lost on airplanes and in hotels. A new report details the priciest and most fascinating finds in its 54-year history.

Nowhere for the water to go: Dubai flooding shows the world is failing a big climate change drainage test

Urban environments paved over nature like Dubai with no way to drain the water from more frequent, massive rainfalls need new solutions for climate change fast.

Philippines orders removal of Binance from Google and Apple app stores

The Philippines' Securities and Exchange Commission sent letters to Google and Apple requesting the removal of Binance apps from their respective app stores.

Germany arrests EU Parliament staff member on China espionage charges

A German man was arrested for allegedly sharing information from the European Parliament with the China's secret service, the federal prosecutor’s office said.

U.S. ambassador insists security pact with Australia, U.K. won't spur a nuclear arms race

The AUKUS alliance was forged in 2021 to address shared regional concerns about China's rising power.

India's high unemployment is a 'ticking bomb,' opposition says, as election battle with Modi's BJP heats up

India's youth make up 83% of the unemployed population, according to an ILO report, but government as well as ILO data shows a decline in joblessness in the past few years.

Tech's earnings bonanza this week shines spotlight on growing troubles at Tesla, Google

This quarter's earnings reports from the U.S. tech giants coincide with a mountain of drama that the companies are facing.

SoftBank will reportedly invest nearly $1 billion in AI push, tapping Nvidia's chips

SoftBank will invest $960 million by 2025 to bolster its computing facilities in preparation for its own generative intelligence model.

China's 'Netflix' iQiyi pivots toward an aging population in an AI era

IQiyi founder Gong Yu also pointed to estimates that predict about one-fourth of China's population will be considered elderly in 2033.

India is a key chip design market, Qualcomm says, as Modi makes semiconductor push

Qualcomm is already designing chips in India, Qualcomm India's president Savi Soin said in an exclusive interview.

High global food prices may finally see a bottom in 2024, says Oxford Economics

According to Oxford Economics, global food prices are expected to decline in 2024, offering some relief for shoppers.

Shares of Chinese bubble tea firm Chabaidao plunge nearly 40% in Hong Kong debut

The company saw its share price plunge to as low as HK$10.84, representing a fall of 38.05% from its IPO price of HK$17.50

Donald Trump set to receive $1.25 billion worth of Trump Media stock in DJT earnout bonus

Former President Donald Trump is already the majority shareholder in Trump Media, which trades under the ticker DJT.

Tesla shares slide to 15-month low ahead of earnings, as Wall Street frets over price cuts, layoffs

Tesla's stock dropped for a seventh straight day on Monday, ahead of a highly anticipated earnings report from the electric vehicle company.

China is still years behind the U.S. despite Huawei's breakthrough chips, Raimondo tells '60 Minutes'

Commerce Secretary Gina Raimondo downplayed China-based Huawei Technologies' latest microchip breakthrough, arguing that the U.S. remains years ahead.

Blinken to warn China over its support for Russia’s military during this week's visit

He is expected to convey Washington's "deep concerns" over this matter, when he is in Shanghai and Beijing from April 24-26.

Why Apple is betting big on India

Apple has recently made an aggressive play to expand operations on both the manufacturing and sales front in India.

Billionaire donors rethink Columbia University support amid pro-Palestinian protests

Columbia students set up a tent encampment to protest Israel's bombardment of Gaza.

Boeing expects slower production increase of 787 Dreamliner because of parts shortages

Boeing reports quarterly results before the market opens on Wednesday.

Luxury real estate prices just hit an all-time record

Luxury real estate sales increased more than 2%, posting their best year-over-year gains in three years, according to Redfin.

Mark Zuckerberg says Meta will offer its virtual reality OS to hardware companies, creating iPhone versus Android dynamic

The move will create new hardware devices that run the same operating system and software as Quest 3 and Quest Pro.

Oracle met with Senate aides about TikTok data storage after House ban passed

Oracle and TikTok have a corporate partnership called Project Texas that allows U.S. user data to be stored on Oracle's cloud.

Activist investor Jana discloses 'significant' stake in Wolfspeed, urges semiconductor manufacturer to consider sale

Activist investor Jana Partners has built a "significant" position in semiconductor firm Wolfspeed, according to a letter to Wolfspeed's board viewed by CNBC.


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