Author: Editor-In-Chief
In his historic peace-focused speech to Spain’s parliament on Monday, Pope Leo In Leo XIV’s first address as a pope to the politicians of the General Council of Cortes, he emphasized that “peace requires diplomatic courage and moral responsibility” and that states resolve disputes based on international law. His remarks came amid a trade strike between Israel and Iran in the worst escalation of war since a cease-fire in April, and on a day when the pope met with Spanish Prime Minister Pedro Sánchez, who has opposed the US-Israel war on Iran. The Pope has also been outspoken in his…
A pedestrian pushes a stroller past a red Vespa scooter outside the Banca Monte Dei Paschi Di Siena SpA bank in Pescara, Italy.Mark Hill | Bloomberg | Getty ImagesBidding war for Italy Monte dei Paschi di Siena broke out between rivals Intesa Sanpaolo and Banco BPMtwo lenders are fighting for control of the world’s oldest bank.Intesa on Monday announced an unsolicited offer of 30.6 billion euros ($35.3 billion) in hopes of taking over its rival and creating Europe’s second-largest bank by market capitalization. In a statement, the company said its offer represents a 12.5% premium to MPS’s closing share price…
Published June 8, 2026June 8, 2026Fans arriving at Madison Square Garden for Game 3 of the NBA Finals will be greeted with road closures, no viewing parties, no baggage and strict security measures as U.S. President Donald Trump descends on downtown Manhattan for a home game between the New York Knicks and San Antonio Spurs.The Knicks defied the odds and jumped out to a 2-0 lead in the best-of-seven series ahead of Monday’s first home game of the Finals.The New York team won two games on the road as French superstar Victor Wembaneyama did not live up to expectations in…
On Thursday, November 20, 2025, a television broadcasts virtual currency market news on the Nasdaq Market site in New York, USA.Michael Nagle | Bloomberg | Getty ImagesHello, my name is Leonie Kidd and I’m from London. Welcome to today’s Daily Open Newsletter.Chips are falling, and in turn, so is the global technology sector. The negative sentiment that caused Friday’s plunge in the Nasdaq carried over into Monday’s trading over the weekend, with some of the world’s largest chipmakers and AI stocks suffering heavy losses. The big question is, is this the beginning of a correction or just a blip in…
The gong at the listing ceremony for Contemporary Amperex Technology Co. Ltd. (CATL) at the Hong Kong Stock Exchange in Hong Kong, China, Tuesday, May 20, 2025.Bloomberg | Bloomberg | Getty ImagesBEIJING — Hong Kong may be the world’s top market for initial public offerings, but it also suffers from a growing trend of poor stock performance from initial public offerings.KPMG said the Hong Kong exchange ranked No. 1 in the world in terms of IPO funds raised last year, ahead of the New York Stock Exchange and Nasdaq, which ranked second and third respectively, and noted that its strong…
A currency dealer monitors exchange rates in the trading room of KEB Hana Bank in Seoul, June 21, 2021.Jung Young Jae | AFP (via Getty Images)Foreign investors have sold billions of dollars worth of South Korean stocks this year, even as the Kospi has posted record gains year-to-date and emerged as one of the world’s standout performers so far.On Monday, foreign investors sold a net worth of 1.24 trillion won (about $801 million) worth of Kospi-listed shares as of 11 a.m. Singapore time (11 p.m. Eastern time Sunday), according to data from the Korea Exchange. “Foreign investors continued to sell…
A streak of light illuminates the sky during a missile attack from Iran to Israel, as seen from Ashkelon, Israel, June 7, 2026.Amir Cohen | ReutersHello, my name is Hui Jie from Singapore. Welcome to another edition of CNBC’s Daily Open.The “first 100 days” is a benchmark often used by experts and pundits to assess a new administration’s early achievements, governing style, and momentum. Applying this to the Iran war, which will be in its 100th day this weekend, the report card does not look great. Investors remain on edge with mixed messages from both sides and a start-stop momentum…
Sinology | Moments | Getty ImagesAsian tech stocks extended their selloff on Monday as the U.S. tech-heavy Nasdaq fell more than 4.5% last week as investors grew weary of global AI developments.South Korea’s Kospi index memory chip giants Samsung Electronics and SK Hynix fell 5% and 2%, respectively. The Kospi fell by as much as 8%, with both companies accounting for more than 40% of the index. Taiwan Semiconductor Manufacturing Co., Ltd.TSMC (TSMC) fell 2.1%, while Hon Hai Precision, also known as Foxconn, fell 5.1%. Japanese tech investors Softbank Group fell 7.5%, while Tokyo Electron and Advantest fell 6.7% and…
On September 4, 2025, Xi Jinping, General Secretary of the Communist Party of China Central Committee and President of the People’s Republic of China, meets with Kim Jong Un, General Secretary of the Workers’ Party of Korea and Minister of State of the Democratic People’s Republic of Korea, at the Great Hall of the People in Beijing, the capital of China. Huang Jingwen | Xinhua News Agency | Getty ImagesChinese President Xi Jinping’s visit to Pyongyang is scheduled to begin on Monday, as Beijing tests its influence over a neighbor that is increasingly drawn into Russia’s orbit.Xi’s two-day visit will…
A magnitude 7.8 earthquake struck the southern Philippines’ island of Mindanao on Monday, triggering a tsunami warning for the country, neighboring Indonesia and Japan, the U.S. Geological Survey (USGS) said. The quake struck around 7:37 a.m. local time at a depth of about 35 kilometers (21.7 miles), the USGS said. There were no immediate reports of deaths. The earthquake occurred off the coast of General Santos City in Sarangani province, the southernmost tip of Mindanao, said the Philippine Institute of Volcanology and Seismology (Phivolcs), the country’s seismological agency. Phivolcs also issued a tsunami warning and urged people living in coastal…