'China Shock 3.0': CXMT as part of China's efforts to grab global tech market share

    CXMT is sparking fears of a cash drain before blockbuster IPO

    CANADA – 2026/05/23: In this photo illustration, the CXMT (ChangXin Memory Technologies) logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images ChangXin Memory Technologies’ massive listing is stoking fears that its market debut could pull cash from Chinese equities, as…

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    Watch CNBC's full interview with Treasury Secretary Scott Bessent

      Bessent says U.S. could sanction China over AI model ‘theft’

      U.S. Treasury Secretary Scott Bessent during the 2026 Reagan National Economic Forum at the Ronald Reagan Presidential Library in Simi Valley, California, May 29, 2026. Caroline Brehman | Bloomberg | Getty Images U.S. Treasury Secretary Scott Bessent on Tuesday said the Trump administration will look into whether Chinese artificial intelligence models have been distilled from…

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      How the Middle East conflict is accelerating global EV adoption

        China’s car market heads for worst year since 2021 as sales fall 20%

        CHANGCHUN, CHINA – JULY 11: People visit the 23rd Changchun International Automobile Expo on July 11, 2026 in Changchun, Jilin Province of China. The exhibition drew participation from 53 Chinese and foreign automobile manufacturers, with over a thousand vehicles on display. (Photo by Zhang Yao/China News Service/VCG via Getty Images) China News Service | China…

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        A woman's hand presses against a plastic sheet used to replace the shattered glass of a balcony door damaged in an Israeli strike in the southern port city of Tyre, Lebanon, Friday, June 19, 2026. (AP Photo/Hassan Ammar)

        US Bombing of Iran Expands as American Troops Killed and Tehran Retaliates Against the Gulf States

        DUBAI, United Arab Emirates (AP) — The United States conducted a new round of airstrikes early Monday targeting Iran after announcing the death of another American service member, hitting around a northwestern city believed to be home to underground missile bases. Iran responded by launching an attack targeting Bahrain, the home of the U.S. Navy’s…

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