Wed, 20 May 2026 03:29:01 GMT
Wed, 20 May 2026 03:28:16 GMT
- Xi Welcomes Putin for Talks in China With Gas Project on Agenda
Chinese leader Xi Jinping welcomed Russian President Vladimir Putin to Beijing on Wednesday for talks aiming to reinforce bilateral ties and make progress on a long-stalled energy project.
- SoftBank Founder’s Starstruck Bet on OpenAI Raises Concern
<p>With more than $60 billion committed, some SoftBank insiders are growing uneasy over Son’s devotion to Altman.</p>
- Samsung Faces Risk of Chip Disruption After Labor Talks Fail
Talks between Samsung Electronics Co. and its largest labor union broke down, raising the prospect of a workers’ strike that may disrupt operations at the world’s largest memory chipmaker.
- Indonesian Palm Oil and Coal Stocks Drop on Export Control Plan
Indonesian palm oil and coal stocks tumbled, on the prospect of tighter state control over commodity exports from Southeast Asia’s largest economy.
- Indonesian Markets Rebound Ahead of Prabowo’s Parliament Speech
Indonesia’s currency and stocks rebounded Wednesday in volatile trade, erasing earlier losses ahead of a key budget speech by President Prabowo Subianto.
- India Prepares to Send Oil Tankers Through Hormuz for New Supply
India is preparing to send vessels through the Strait of Hormuz to load up energy cargoes from suppliers in the Middle East, according to people familiar with the matter, the first time since the Iran conflict began that the country will do so.
- Katayama’s Warnings, Bessent’s BOJ Backing Still Leave Yen Weak
Japan’s Finance Minister Satsuki Katayama’s warnings and Treasury Secretary Scott Bessent’s backing of the Bank of Japan to run policy “successfully” only briefly helped the yen as it continued to hover close to its weakest levels since last month’s intervention.
- BofA Sees Three Catalysts That Could Turn It Bullish on Yen
BofA Securities is turning less bearish on the yen and sees three catalysts that could eventually turn it outright bullish, even as the currency drifts back toward 160 per dollar.
- Massie Loses in Kentucky, EU Expedites Start of US Trade Deal
Source: Bloomberg, 5:60
- Barclays Private Bank to Name India Diaspora Head in Singapore
Barclays Plc private bank will appoint Nikhil Jha as head of the Singapore-based operation focused on the Indian diaspora, according to people familiar with the matter.
Wed, 20 May 2026 03:26 GMT
- Another Trump victory: Republican Rep. Thomas Massie loses Kentucky primary
President Donald Trump had targeted Rep. Thomas Massie, R-Ky., for opposing GOP priorities.
- Over 47,000 Samsung Electronics workers set to strike as wage talks break down, sending shares lower
More than 47,000 Samsung Electronics workers will begin a strike on Thursday after wage negotiations between the company and its union broke down.
- U.S. Treasurys are now firmly in the 'danger zone,' strategists say
U.S. Treasurys are in a 'danger zone' as surging long-term yields raise fears that sticky inflation could begin spilling over into equities, strategists said.
- SpaceX picks Goldman Sachs for lead left position on record-breaking IPO, sources say
SpaceX has picked Goldman Sachs to lead what's expected to be a record-setting IPO.
- Trump's past tax returns get protection from IRS enforcement under 'lawfare' fund settlement
President Trump agreed to drop his lawsuit against the IRS in exchange for a fund that can compensate allies who were targeted under the Biden administration.
- AI boom reshuffles global stock market pecking order as South Korea and Taiwan surge
A global reshuffling in stock-market hierarchy is underway. AI is propelling Taiwan and South Korea past a couple long-established Western countries.
- Google debuts new AI models, personal AI agents in effort to keep pace with OpenAI and Anthropic
Google made a number of AI announcements at its annual developer conference, rolling out more-advanced models and agentic tools for its expansive user base.
- Senate advances measure to end military action in Iran in rebuke to Trump
The war with Iran has now blown past the 60-day requirement under the War Powers Act for the president to seek the authorization of Congress.
- The AI economy is rewriting the American Dream — and blue-collar workers are poised to win
AI-driven hiring slowdowns are hitting some entry-level jobs for college graduates as companies like Ford and AT&T ramp up recruiting for skilled trade workers.
- 2026 CNBC Disruptor 50: See the full list of companies, rankings, and a new leader in the AI race
CNBC reveals the 2026 Disruptor 50 list led by an increasingly powerful and highly valued group of AI companies.
Tue, 19 May 2026 19:56:59 -0400
- Popular Costco kitchen gadget recalled after fire hazard leaves person burned
A popular electric kettle sold at Costco and HomeGoods is being recalled nationwide after more than 160 reports of loose or detached handles, including one second-degree burn.
- One of America’s oldest beer brands discontinued after 177 years in US
Schlitz Premium, the Milwaukee-born lager that once dominated the U.S. brewing industry, is being discontinued after more than 175 years.
- NYC airport debuts AI-powered hologram 'concierge' to help travelers
LaGuardia Airport unveils Bridget, an AI-powered hologram concierge in Terminal B that chats with passengers and helps them navigate the busy terminal.
- Spirit Airlines lawyer apologizes to Americans 'priced entirely out' of air travel after sudden collapse
A lawyer representing Spirit Airlines apologized to Americans now priced out of air travel after the budget carrier's sudden shutdown leaves families stranded.
- Expert says massive AI investment is ‘laying the groundwork’ for America’s future
Expert Anthony Pompliano says investors are pouring billions into AI infrastructure as the U.S. lays the groundwork for the next century.
- Meta shifts 7,000 workers into AI roles as layoffs, manager cuts loom
Meta is restructuring its workforce around artificial intelligence, shifting thousands of workers into AI roles while flattening management layers and cutting jobs.
- Ford teams up with outdoor outfitter Filson to launch new Bronco SUV
Ford is teaming up with Seattle-based Filson to launch the Bronco Filson SUV, blending rugged outdoor design with off-road capability and heirloom quality.
- Mamdani meets Jamie Dimon as Wall Street outreach intensifies amid tax backlash
Mayor Zohran Mamdani met with JPMorgan CEO Jamie Dimon and Goldman Sachs CEO David Solomon amid concerns over taxes and New York’s business climate.
- Why Gen Z is saying 'no' more often – and saving more money
Despite rising housing costs, Generation Z is saving more and relying less on financial help from family, a new study on money habits finds.
- DOJ moves to permanently drop bribery case against Indian billionaire Gautam Adani
Prosecutors have asked a judge to dismiss charges against India's Gautam Adani despite allegations he orchestrated a massive corruption scheme tied to solar energy contracts.