U.S. begins blockade in Strait of Hormuz; Trump warns Iran 'attack ships' to stay away
The U.S. blockade would apply to "any and all Ships trying to enter, or leave, the Strait of Hormuz," President Donald Trump said.
BlackRock raises view on U.S. stocks on belief that war is over, profits are up
The firm, which manages $14 trillion for clients, said in its weekly market note that it raised the rating a notch to overweight from neutral.
Oracle pops nearly 12%, leading bounce back rally in software stocks
Oracle has lost more than a fifth of its value this year on AI disruption concerns.
Trump deletes Truth Social image depicting him as Jesus: 'It was me as a doctor'
President Donald Trump in May 2025 posted an apparent AI image depicting himself as a Catholic pope after the death of Pope Francis.
Intel's stock on historic 9-day winning streak, up 58% over that run
The U.S. chipmaker has announced recent deals with Google and Elon Musk as it continues to gain investments.
Fed nominee Warsh clears a hurdle to Senate hearing
Kevin Warsh submitted required ethics paperwork to the Senate Monday.
Wall Street still loves streaming, but are its affections well placed?
While streaming continues to drive media stocks, especially around quarterly earnings, it's not clear when it will start driving profits for smaller players.
Middle East oil production plunges due to Iran war, OPEC data shows
The Gulf Arab states have cut production because they are unable to export through the Strait of Hormuz due to the war.
Revolution Medicines says its potential breakthrough pancreatic cancer drug succeeds in late-stage trial
Revolution Medicines' drug for pancreatic cancer succeeded in a highly anticipated Phase 3 trial, the company said.
Delta Air Lines unveils first new Delta One suite in premium cabin arms race
Delta and other carriers are ramping up premium seats on board.
The Iran war is compounding California's energy crunch
While the United States leans into its domestic crude oil production, one state is being left out to dry, California.
Pope Leo says 'I have no fear of the Trump administration' after president blasts pontiff
Pope Leo has condemned the war against Iran by the United States and Israel, drawing the ire of President Donald Trump.
Ineos Automotive: Startup backed by a knighted billionaire and soccer mogul wants to rekindle the rugged SUV market
The automaker has plans to grow sales in the U.S. by roughly 30% to 35%, as well as a target to achieve breakeven this year, executives exclusively told CNBC.
Judge dismisses Trump $10B defamation lawsuit against Murdoch, WSJ about Epstein letter
President Donald Trump has denied sending a bawdy 50th birthday letter to his then-friend Jeffrey Epstein at the request of Ghislaine Maxwell.
OpenAI touts Amazon alliance in memo, says Microsoft has 'limited our ability' to reach clients
In an internal memo, OpenAI's new revenue chief pointed to the artificial intelligence company's ongoing effort to reduce its reliance on Microsoft.
IRS publishes list of occupations that qualify for 'no tax on tips' provision
The "big beautiful bill" introduced a tax provision that allows some workers to deduct the tips they earn. The IRS released the final rule on who qualifies.
The indicator guiding our next move as stocks shake off breakdown in peace talks
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
LVMH sales miss expectations as luxury recovery is put on pause amid Middle East war
The luxury sector had shown some signs of a long-awaited recovery after a years-long slump prompted by soft demand from Chinese consumers.
Tariff refunds unlikely to benefit consumers, CNBC CFO Council survey finds
Although the government could pay billions of dollars in tariff refunds, consumers shouldn't expect to see money back, according to a CNBC CFO Council survey.
Goldman Sachs tops estimates on record equities trading — here's why the stock is falling
Goldman Sachs posted record equities trading revenue for the first quarter, helping propel the overall firm to its second-highest quarterly revenue.
Europe cheers Orbán defeat as a bloody nose for the Kremlin – but Hungary’s future remains contested
European leaders welcome the election of a pro-EU candidate while Russia and the U.S. lose an ally after the defeat of Viktor Orbán.
Eric Swalwell suspends campaign for California governor amid sexual misconduct allegations
Multiple women have reportedly accused Democratic Rep. Eric Swalwell of sexual misconduct, among them a former staffer who alleges he sexually assaulted her.
Trump threatens 50% tariffs on China as report suggests plans for arms shipment to Iran
U.S. President Donald Trump has threatened to impose a 50% tariff on China, after a report on Sunday that Beijing was preparing a weapons shipment to Iran.
Treasury yields edge lower as investors hope for U.S.-Iran deal
Treasury yields edged lower on Monday as investors remained optimistic that a resolution for the conflict in the Middle East would be achieved.