News

Chinese AI models are gaining ground with U.S. companies as OpenAI, Anthropic costs surge

AI, OPENAI

Recent model releases from Chinese companies including DeepSeek and Z.ai are seen by many as highly competitive compared to leading U.S. frontier systems.

Capital Group CEO Mike Gitlin on why the best career moves come before you’re ready

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Capital Group CEO Mike Gitlin joins Executive Decisions to discuss the career risks that shaped his path to the top, from family lessons in critical thinking to leaving T. Rowe Price and embracing opportunities before he felt fully ready.

BlackRock says the China AI play is stock-specific, not a regional trade

BLK, BLKN, BLK2, AI, BLKUS

BlackRock Investment Institute laid out its views Monday on the AI bubble debate.

Trump heads to Turkey as NATO is strained by Russian attacks, U.S. impatience

NATO

Trump frequently vented about NATO members' refusal to heed U.S. calls for help clearing the Strait of Hormuz during its campaign against Iran.

Hanwha Ocean shares sink 23% as it loses bid to build Canada's next fleet of submarines

Shares of Hanwha Ocean fell over 20% after the company lost the bidding war to Germany's ThyssenKrupp Marine Systems to build Canada's next fleet of submarines.

Yen pinned near 40-year low in test of Tokyo's intervention resolve

The yen weakened anew on Tuesday as traders grew emboldened to push the currency lower with no sign yet of intervention by Japanese authorities, though the risk of a surprise yen-buying move by Tokyo kept losses in check.

CNBC Daily Open: Dow hits new high and football gets political

NDAQ, NDAQ.USD, 813516

U.S. markets return in a celebratory mood, with the Dow crossing 53,000 and the Nasdaq rising amid a chip rebound.

Cattle Closes Mixed on Monday

Live cattle futures were mixed, with August down 12 cents and the rest of the board up 12 to 55 cents. Cash was picked up last week at $403 dressed in the north, with live trade at $255-256. Southern trade was $255. Feeder cattle futures were down 12 to 77...

Hogs See Mixed Action on Monday

Lean hog futures were mixed on Monday, with contracts down 50 cents to 90 cents higher at the close. USDA’s national base hog price was not reported on Monday afternoon due to thin trade. The CME Lean Hog Index was back up 19 cents on July 1 at $91.67. CFTC...

Wheat Posts Double Digit Monday Gains

The wheat complex posted Monday gains, despite a weaker export data. Spillover support from the corn and beans was supportive. Chicago SRW contracts were 11 3/4 to 15 1/2 cents higher on Monday. KC HRW futures were up 7 ½ to 12 ¾ cents at the close. MPLS spring wheat...