economy
CNBC Daily Open: China in the crosshairs, Bitcoin is back and Dragon Ball Z diplomacy
New sanctions against Iran could stoke tensions between the U.S. and China, while risk appetite for Bitcoin returns.
TL;DR
- U.S. Treasury Secretary Scott Bessent announced secondary sanctions targeting Iran's financial connections globally, including potential impacts on China.
- Bitcoin surpassed $80,000, driven by renewed inflows into spot ETFs and improved risk sentiment.
- Gold reached a three-month high, supported by a weaker U.S. dollar and U.S. Treasury bond buyback plans.
- Porsche signed a $1.5 billion AI deal with Tata Consulting, while Xpeng issued a weak delivery forecast.
- France and Saudi Arabia agreed to build a $7 billion manga-inspired theme park near Paris.
- BlackBerry is focusing on software for cars and robots, leveraging its QNX operating system.