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Business

Huawei plans new smartphone chips this fall as rivalry with Nvidia and Apple heats up

Tingbo He, president of Huawei semiconductor, presents at an industry conference in Shanghai on May 25, 2026.HuaweiSHANGHAI — Chinese tech giant Huawei on Monday touted a new approach to developing advanced semiconductors despite U.S. sanctions, as Nvidia struggles to sell its high-end chips in China.Huawei said it developed a new engineering approach called “LogicFolding” to manufacture its Kirin smartphone chips this fall.That breakthrough comes as Nvidia faces U.S. export restrictions in China and Apple contends with renewed competition from Huawei in the world’s second-largest consumer economy.Huawei’s Mate 60 smartphone, launched in 2023, included 5G connectivity powered by an advanced chip…

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Business

Singapore reports lower-than-expected inflation for April at 1.8%

A housewife (R) buys vegetables at a wet market in SingaporeRoslan Rahman | Afp | Getty ImagesSingapore on Monday reported a lower-than-expected rise in consumer prices for April at 1.8% on the back of a smaller increase in services and retail inflation. Reuters-polled economists had estimated inflation at 2%. Core inflation — which strips out prices of private transport and accommodation — came in at 1.4% compared with expectations of 1.7%.The Monetary Authority of Singapore, however, said that the city-state’s imported cost pressures are expected to pick up and broaden in the months ahead.”As higher energy and other input costs…

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Business

Oil market at ‘tank bottoms’ in Asia, Europe isn’t far behind: Carlyle

Cracking towers stand beside access roads at the Ruwais refinery and petrochemical complex, operated by Abu Dhabi National Oil Co. (ADNOC), in Al Ruwais, United Arab Emirates.Bloomberg | Bloomberg | Getty ImagesOil markets are nearing minimum operating levels in Asia, with Europe likely next and the U.S. potentially facing shortages by July, Jeff Currie, Carlyle’s chief strategy officer of energy pathways, said Monday, underscoring the global energy shock due to the Iran war.Headline global inventory figures can be misleading, Currie warned, as much of the oil stored worldwide cannot be used immediately. A large portion of that oil is needed…

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Business

These companies have cash and are liked on Wall Street

There are some companies sitting on a cash hoard that have Wall Street’s stamp of approval. Wolfe Research screened for companies with market caps above $250 million that are in the top quintile for net cash-to-market cap ratio, while accounting for debt. Investors track cash piles because they can signal how much money firms have to allocate to business development or stock buybacks. From there, CNBC Pro sorted for stocks that also have an average rating of buy among Wall Street firms, according to FactSet. Here are 10 names that made the list: Deckers Outdoor made the list with a…

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