Business news
- India cuts rates to 5.25% as expected as central bank flags ‘weakness in some key economic indicators’ - India's central bank cut its policy rate by 25 basis points to 5.25%, matching forecasts from economists polled by Reuters.
- 'China's Nvidia' Moore Threads surges over 400% on trading debut after $1.1 billion listing - Shares of Moore Threads soared by more than 400% on its debut in Shanghai following its $1.1 billion listing.
- CNBC's Inside India newsletter: How a government app in India triggered a backlash over internet freedom - The Indian government asked phone manufacturers to preload a state-run cybersecurity app with no option to disable it, drawing a public backlash.
- Asia-Pacific markets slide after subdued Wall Street session - Asia-Pacific markets slid on Friday following a subdued Wall Street session.
- Salesforce CEO calls AI a 'commodity feature', says the technology bolsters enterprise software - Salesforce CEO Marc Benioff told CNBC's Jim Cramer how his company uses AI.
- SoFi's stock drops on $1.5 billion share sale announcement - SoFi said it's selling $1.5 billion in stock after the company's market cap almost doubled this year.
- Apple announces departure of general counsel and policy chief - The two executives previously reported to Apple CEO Tim Cook and represent the latest sign that Apple's senior leadership is seeing a slew of exits.
- Congressional watchdog probes Trump FHFA chief Bill Pulte - Pulte has made allegations of mortgage fraud against New York Attorney General Letitia James, Fed Gov. Lisa Cook, Sen. Adam Schiff, and Rep. Eric Swalwell.
- FBI arrests suspect in Jan. 6 pipe bomb case: MS NOW - The FBI arrested a suspect believed to have placed pipe bombs outside the GOP and Democratic party offices prior to the Jan. 6 Capitol riot, MS NOW reported.
- Paramount questions Warner Bros. Discovery on 'fairness and adequacy' of sale process: Read the full letter - Paramount attorneys sent a letter to Warner Bros. Discovery questioning whether its acting in the best interest of shareholders.