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A lack of labor supply for electronic demand automation (EDA) chip designers presents an opportunity for two stocks in particular, according to research from Goldman Sachs. Cadence Design Systems and Synopsys are two of the largest manufacturers of chip design software that maps billions of tiny transistors onto just a few millimeters of surface area. Goldman analysts said in a note Monday that the two companies represent “defensive, stable producers at best and victims of AI disruption at worst.” However, given the structural shortage of labor supply across the semiconductor industry, these companies may be uniquely positioned to grow EDA…
The sudden death of longtime U.S. senator Lindsey Graham has repercussions for the country’s politics and could tip the balance of power in the U.S. Congress ahead of midterm elections scheduled for later this year.The 71-year-old Republican politician was a close ally in the Senate with President Donald Trump on both domestic and international issues, including the ongoing war against Iran.Recommended stories list of 3 itemsend of listSo how will his death affect President Trump’s policies? And how will that affect the Senate?Here’s what we know:What did Trump say about Graham’s death?According to US media reports, emergency services were called…
Waze, the Google-owned navigation app, is adding new AI-powered features and customization updates, including the ability to get conversational road updates and personalized navigation. Some of the new features leverage Google’s Gemini AI assistant, which reflects the company’s broader efforts to integrate Gemini across its products, while also better positioning Waze to compete with competing services such as Apple Maps. The app now suggests routes based on both the user’s travel history and an understanding of the city’s traffic patterns. For example, if a user prefers driving on highways rather than roads, suggested roads will be shown first. If a…
Swiss flag in the port of Geneva, Switzerland, March 13, 2024. Dennis Bariboos | ReutersThe UK and Switzerland announced a free trade agreement in services on Monday. The deal is expected to increase UK exports by billions of dollars and ease travel between the two countries. It is the sixth trade deal Britain has struck in the past two years and comes as the ruling Labor Party seeks closer ties with Europe as part of its post-Brexit reset. Although Switzerland is not a member of the European Union, it is deeply integrated into the European single market through a network…
Frank Reporter | E+ | Getty ImagesArtificial intelligence has raised concerns that workers, especially young professionals, will be replaced by advancing technology.But a new paper from Boston University’s Retirement Research Center says there are signs that older workers are also being affected.Author and economics professor Jeffrey Sanzenbacher told CNBC that workers over the age of 55 in industries exposed to AI are increasingly leaving their jobs. These shifts are driven by unemployment and voluntary reasons alike, he said.”This is a statistically significant effect,” Sanzenbacher said. “Depending on the profession, that can be quite large.”3 ways AI will impact the careers…
U.S. President Donald Trump speaks at a Rose Garden Club event in the White House Rose Garden on July 6, 2026 in Washington, DC. Mandel Gunn | AFP | Getty ImagesPresident Donald Trump said Monday that the United States would “get paid” for guarding the Strait of Hormuz, a key oil shipping route and the center of the escalating war with Iran.”We’re going to keep the Straits open, and we’re probably going to do that,” Trump said in an interview on Fox News. The interview took place amid renewed gunfire between the United States and Iran, and the prospect of…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Happy Monday. I spent the weekend participating in an overnight trail race in Vermont. Even if you stayed home, you probably still felt the pinch of inflation.Stock futures are falling this morning. of S&P500 Coming off a winning week.Here are five important things investors need to know to start their trading day.1. Air ForceU.S. President Donald Trump speaks during a press conference during the NATO Summit at the Presidential Palace in Ankara, Turkiye, July 8, 2026. (Photo by Klaudia Radecka/NurPhoto via Getty Images)Null Photo | Null…
Air raid sirens are ringing across the Gulf as the United States and Iran launch another major attack on each other, and tensions are rising as the two countries’ fragile cease-fire agreement has unraveled over the past week.Oil prices soared and markets plummeted after the Iranian government closed off the Strait of Hormuz, the world’s energy kill switch and the biggest flashpoint in the ongoing conflict.”Revenge is the will of the nation,” Iran’s Supreme Leader Mojtaba Khamenei said after US President Donald Trump said the ceasefire signed in April between the belligerents was “over.”So have the US and Iran returned…
london — British Home Secretary Shabana Mahmoud said on Monday that British counter-terrorism police are now leading an investigation into the alleged murder of former British lawmaker Anne Widecombe “based on new information and evidence”. Police previously said there was no information to suggest Mr Widecombe’s killing was an act of terrorism or politically motivated. “Police are conducting multiple investigations to determine the motive for this attack,” Mahmoud said in the update, adding that he would brief MPs in the House of Commons on Monday afternoon. The former MP was found dead at his home in Haytor, Devon, western England,…
Already a leading exporter of electric vehicles, Chinese automakers are expanding their footprint by announcing investments and building factories on nearly every continent. Analysts told CNBC that these car companies are outspending U.S. automakers, and that the U.S. risks becoming isolated and less competitive as China increases its presence. “We’re facing a situation where companies like China’s BYD are effectively becoming the new GM or Ford of the electric vehicle era,” said Kyle Zhang, a fellow at the Brookings Institution. “They benefit from scale by building global supply chains through long-term investments around the world, and it will become increasingly…