Economy

SK Hynix Shares Surge Over 12% in Seoul After Announcing Massive Stock Buyback

Shares of SK Hynix surged over 12% in Seoul after the company announced a massive stock buyback.

China is defying the global bond yield surge, boosting its diversification appeal

Chinese government bond yields have remained low amid a global surge.

CNBC Daily Open: Treasury attempts to rein in bond yields as U.S. debt swells past $40 trillion

On Wednesday, the Treasury Department's decision to double its purchases of longer-dated bonds sent yields lower and gave stocks some breathing room.

Japan exports beat estimates in July as robust chip shipments power fifth straight month of gains

Shipments of semiconductor equipment posted a massive 49.1% jump in value, reflecting continued demand, boosted by the artificial intelligence boom.

Thursday's big stock stories: What’s likely to move the market in the next trading session

The S&P 500 rose modestly as the Treasury announced a debt repurchase plan that sent yields falling. Tune in to CNBC for John David Rainey of Walmart.

Inside crypto’s multiyear sponsorship rush into soccer

How the pandemic, crypto boom and soccer’s hunt for new revenue helped drive a wave of sponsorship deals across the sport.

US Gross National Debt Tops $40tn for First Time

Milestone marks years of government spending that grew under both Donald Trump and Joe Biden

Trump gripes about Switzerland amid bond market pressure

President Donald Trump singled out Switzerland for its low interest rates when asked whether the administration had done enough to stabilize the bond market after 30-year Treasury yields surpassed a two-decade high this week.

Trump urges data center construction as public opinion on them sours

President Donald Trump pushed back on national opposition to data center construction Wednesday, saying that if he were a state or local politician, he would “absolutely” want them to be built in his community.

Trump bemoans Fed interest rate policy, says U.S. should be paying much less

As he has done in the past, Trump accused Fed officials of having political motives.

National debt crosses $40 trillion in grim milestone

The national debt exceeded $40 trillion for the first time in history, leading economists to warn that the United States is staring down a fiscal reckoning.

Bessent moves to curb Treasury yields, putting new pressure on Warsh's Fed

Treasury's move to buy back more long-term debt cooled a bond selloff, but economists warn it could raise new inflation and independence questions for the Fed