Author: Editor-In-Chief

Bloomberg this week took a deep dive into how Intel CEO Lip Vu Tan is trying to save one of Silicon Valley’s most storied but struggling chipmakers. It’s worth a read, but it doesn’t actually fully capture the most surprising part of the story. Intel’s stock price has increased an astounding 490% over the past year, a bet by Wall Street that the company may be further along than the company’s actual turnaround. Mr. Tan, who took over last March, reportedly spent much of his first year chatting rather than reorganizing, striking a sweetheart deal with the U.S. government (now…

Pension funds are sticking to private credit, in some cases doubling their allocations, even as concerns grow over underwriting standards, valuation uncertainty and sector concentration. Cameron Sistermans, head of multi-asset at Mercer Asia, said institutional investors, including pension funds, “generally remain committed to the asset class and many continue to increase their allocations.” Mercer said new institutional inflows into private credit vehicles will total nearly $300 billion in 2025, largely stable from a year ago, and redemptions will be led by retail and high-net-worth investors. As an example, Reuters recently reported that Dutch manager APG, Europe’s largest pension investor, plans…

hoop fitness wearable.Provided by: OopsWearable fitness tracker Whoop announced Friday that it is introducing on-demand, in-app access to authorized clinicians for users in the United States.This new feature comes alongside a suite of health and artificial intelligence-driven features being released globally, allowing users to connect continuous biometric data to medical guidance in real-time.Many of the new features are included in the membership fee, but live video consultations for U.S. users are available for an additional fee. The company says pricing and details will be announced when that option goes on sale this summer.“Whoop is about membership, and we take that…

Declan Rice could give Arsenal a boost and push them towards a historic title win. There’s still time for Erling Haaland to fire Manchester City there. But Bruno Fernandes’ case has already been filed. He has been an outstanding player in the Premier League this season.The Manchester United captain has already provided 19 assists in this competition, leaving him one step short of Kevin De Bruyne’s record set by Thierry Henry. Whether he surpasses them or not, his creativity in this campaign was on another level than anyone else’s. According to Opta, Fernandes has created 120 chances this season. He…

US President Donald Trump sits at a table monitoring military operations during Operation Epic Fury against Iran, with the US flag visible in the background, March 2, 2026 in Washington, US.White House via X | Anadolu | Getty ImagesHello, my name is Hui Jie from Singapore. Welcome to another edition of CNBC’s Daily Open.Less than 24 hours after I wrote that peace might be on the way, Washington and Tehran were once again exchanging gunfire. Predicting the course of this conflict is beginning to feel like a game of missile roulette. Well, the question is simple. Who would shoot first?What…

Mateusz Srodkowski | SOPA Images | Light Rocket | Getty ImagesAmazon Leading cloud provider Web Services on Thursday began reporting operational issues impacting trading on its platform, including: coinbase And FanDuel.”Full recovery is expected to still take several hours,” AWS wrote in its latest update at 9:51 a.m. ET on Friday.According to AWS, the outage was caused by overheating in a data center in the main US-East-1 region hosted in Northern Virginia. AWS said the issue was with a “single availability zone” in the region.”We are actively working to bring additional cooling system capacity online, which will allow us to…

The Trump administration on Friday appealed a court ruling that said the 10% worldwide tariffs imposed in February were not justified under a 1970s trade law.The U.S. Court of International Trade ruled in a 2-1 decision Thursday that Section 122 of the Trade Act of 1974 is not intended to address trade deficits that occur when the United States imports more goods than it exports. But the court only blocked the tariffs on two small businesses and three importers in Washington state who brought the lawsuit.The ruling, which applies to a series of penalties set to expire in about two…

Manchester United midfielder Bruno Fernandes and Manchester City striker Khadija ‘Bunny’ Shaw have been named the Football Writers’ Association Players of the Year for 2025/26.Fernandes has scored eight goals and provided 19 assists in the Premier League this season, becoming the first Old Trafford player to win the award since Wayne Rooney in 2009/10. He joins an illustrious list of United players who have previously achieved this honour, including Cristiano Ronaldo, Teddy Sheringham, Roy Keane, Eric Cantona, George Best, Bobby Charlton and Johnny Carey. FWA Player of the Year Top 3 1. Bruno Fernandes 2. Declan Rice 3. Erling Haaland…

Cloudflare on Thursday joined a growing list of tech companies, including Meta, Microsoft and Google. These companies reported increased revenue and large-scale layoffs, both trends they attribute to the use of AI. Cloudflare, which provides internet security and performance services to millions of websites around the world, announced as part of its first-quarter 2026 earnings report Thursday that it will cut its workforce by about 20%, equivalent to 1,100 people. “We’ve never done anything like this in Cloudflare’s history,” co-founder and CEO Matthew Prince said Thursday during the company’s quarterly conference call, marking the company’s first mass layoffs in its…

Toyota signage at the New York International Auto Show on April 2, 2026 in New York City.Daniel DeVries | CNBCJapan’s Toyota Motor Corp. on Friday reported a 49% drop in fourth-quarter operating profit, below analysts’ expectations, as U.S. tariffs and increased competition from Chinese automakers weighed on revenue.Below is a comparison of Toyota’s results with LSEG’s median estimate.Sales: 12.6 trillion yen against the forecast of 12.6 trillion yen Operating income: 569.4 billion yen against the forecast of 813.28 billion yenThe world’s largest automaker by unit sales saw sales rise 1.89% year-on-year in the fourth quarter ending in March, in line…