The Nasdaq slid more than 10% from its record close on Thursday, on track to confirm a correction as worries over massive AI spending and heightened scrutiny of data centre expansion rattled tech stocks. The tech-heavy Nasdaq Composite Index fell nearly 4% in afternoon trading in New York, more than 10% below its record closing…
Gas prices are displayed at a Valero gas station on July 21, 2026 in Austin, Texas. Brandon Bell | Getty Images Hello, this is Hui Jie writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open. U.S. President Donald Trump has said that Washington was only “semi-negotiating” with Iran, as economic pressure…
Shares in KKR, Blackstone and other sector peers tumbled on Wednesday after Switzerland’s Partners Group moved to restrict investor withdrawals from one of its funds, stoking fresh fears over private market valuations. Shares in Carlyle Group and KKR dropped more than 5% and 4%, respectively. Blackstone and Ares Management each slipped around 4%, while Blue…
