Author: Editor-In-Chief
U.S. emergency crude oil reserves are rapidly dwindling, rapidly approaching the lowest level in 40 years, set under former President Joe Biden. US officials continue to actively deplete the Strategic Petroleum Reserve (SPR) to soften the blow of war with Iran. The SPR fell by another 7.9 million barrels last week, matching the previous week’s decline of 8 million barrels, according to Department of Energy data released Monday. This brings SPR’s crude oil reserves to 349.2 million barrels, the lowest level since August 2023. At this pace, the SPR will fall below 346.8 million this week, the lowest level of…
For years, Apple has been vilified as the biggest loser in the AI arms race. Skeptics say Apple’s lack of a clear AI strategy is hurting its advantage, and Wall Street analysts worry that gap could start to hurt iPhone sales. Now, the company has announced what it is touting as its biggest AI launch to date. Siri AI builds new automation capabilities (powered by a partnership with Google Gemini) into the very bones of the software. Will it be enough to stop people from saying Apple is “losing” the AI race? To be honest, no one really knows. However,…
Beijing’s Lingyi iTech factory is ramping up production of humanoid robots for various startups.CNBC | Evelyn ChenHello, I’m Evelyn. I am writing to you from Beijing. Welcome to the latest edition of The China Connection. This is a snapshot of what I’ve seen and heard from local businesses.Humanoids are popping up everywhere and may even reshape smartphone manufacturers. Who will survive the bubble?big storyJust a few weeks after opening in late April, the humanoid factory in Beijing says it has already produced 300 robots for customers, increasing towards 10,000 this year. Linyi iTech, a 20-year-old smartphone and electronics manufacturer, aims…
CNBC’s Jim Cramer said Monday. Nvidia’s Growing business with sovereign nations could help ease investor concerns about the company’s reliance on a small number of hyperscale customers.”NVIDIA doesn’t want to be hostage to customers who are doing everything in their power to get out of NVIDIA,” the “Mad Money” host said. “We’re trying to turn everyone into a customer.”Investors are aware that major cloud providers such as: Amazon and alphabet Developing its own AI chips could ultimately reduce its dependence on Nvidia. But Kramer said NVIDIA is increasingly finding new sources of demand through its sovereign AI efforts as governments…
The United States has refused entry to a top Somali referee scheduled to take part in the FIFA World Cup, raising concerns about Washington’s travel restrictions and the impact on the tournament.The Department of Homeland Security (DHS) confirmed to Al Jazeera on Monday that Omar Altan was not allowed to enter the country after arriving in South Florida on Saturday.Recommended stories list of 3 itemsend of listArtan, who is one of 52 FIFA World Cup referees, “was determined to be inadmissible due to vetting concerns and was denied entry,” a Department of Homeland Security spokesperson said in an email, without…
Stocks @ Night is a daily newsletter delivered after hours, giving you the first information about tomorrow and the last information about today. Sign up for free to receive it straight to your inbox. CNBC TV producers look at the rebound in semiconductor stocks and what to watch next session. Good Old Big Tech On Monday morning, during “Squawk Box” with Becky Quick, Joe Kernen and Andrew Ross Sorkin, news broke that Corning had made another big contract. This time it’s a contract with Amazon. In the past few months, Corning has also signed multibillion-dollar deals with Nvidia and Meta…
An image of a mobile device at the Taiwan Semiconductor Manufacturing (TSMC) Innovation Museum in Hsinchu, Tuesday, January 11, 2022. Chen Yihua | Bloomberg | Getty ImagesAsian technology stocks rebounded on Tuesday, tracking Wall Street’s gains, as investors returned to artificial intelligence stocks.South Korean memory chip giant SK Hynix rose 6.44%, while Samsung Electronics rose 3.38%. Seoul Semiconductor’s sales soared by more than 12%.Japanese semiconductor manufacturing equipment manufacturers have also expanded into Tokyo Electron 5.65% increase, Advantest Add 1.51%; Renesas Electronics It increased by 2.54%. However, the stock price of Japan’s high-tech investment giant is Softbank The slide widened further,…
UN High Commissioner for Human Rights Volker Turk has issued his harshest criticism to date of the recent sanctions imposed by the United States on Cuba.Mr. Turk on Monday drew a line between tightening restrictions on Cuba’s economy and reports of rising mortality rates, especially among children.Recommended stories list of 3 itemsend of list”The fuel restrictions imposed since the beginning of 2026 and the recent tightening of extraterritorial sanctions, taken together, are directly harming the Cuban people, especially the most vulnerable,” Turk said in a statement.”Children are dying because doctors can’t get the medical supplies and medicines they need. This…
Editor’s note: K-Everything: A CNN original series hosted by Daniel Dae Kim explores the global influence of Korean culture. The series is currently available on CNN International, CNN All Access, and HBO Max. TikTok and Instagram are filled with flashes of long, shiny hair. This is not just shiny hair, but “glass hair” with a perfectly polished mirror-like luster. “The K-beauty boom is an evolution of the ‘glass skin’ trend, which sees radiance and brightness as symbols of overall health,” said Lena Kim, global communications leader at CJ Olive Young, South Korea’s largest beauty retailer. “The Korean hair care market…
Two years after promising and failing to develop a smarter Siri, Apple on Monday unveiled a completely overhauled AI-powered assistant at the Worldwide Developers Conference WWDC 2026. The Siri AI revamp will be available in beta later this year. Dubbed the new “Siri AI,” the idea behind it is to transform Siri from a voice-controlled assistant to an AI companion that can do more. The new assistant launches with a dedicated Siri app. The new Siri can use current knowledge of the world to base its answers to your questions. The updated assistant will be able to access information on…