CNBC Daily Open: The U.S. is flexing its economic power
Washington has launched an economic offensive against Iran and Canada — the two countries one would normally not lump together.
TL;DR
- Canada retaliates with dollar-for-dollar tariffs on over 700 U.S. goods.
- China's CIPS system aims to diversify from dollar-centered finance.
- Iran and Oman are working on joint shipping and mine-clearing in the Strait of Hormuz.
- Chip stocks rise in anticipation of Nvidia's financial results.
- OpenAI experiences another executive departure with the head of data centers leaving.
- Apple releases new Mac Mini and Mac Studio models with updated chips for AI applications.