Surging oil prices could wipe out benefits from Trump’s ‘big beautiful bill’
Estimates from Wall Street project that if oil prices stay elevated for too long, consumers will lose as much as they gain from the new tax law.
Bill Ackman's Pershing Square files for IPO on the NYSE
The planned listing would give public investors a stake in Ackman's investment platform, which oversees a concentrated portfolio of large-cap companies
Oil extends slide as investors assess Trump comments on Iran war, Strait of Hormuz
Oil prices plunged after Trump warned that Tehran would be hit "twenty times harder" if it attempted to halt oil flows through the Strait of Hormuz.
Iran defends strikes on Gulf neighbors. They say a 'huge trust gap' will last for decades
Iran has defended its strikes against its Gulf countries but its neighbors say attacks have damaged trust for a long time.
Warsh to meet Tillis as Senate confirmation remains blocked
Sen. Thom Tillis, R-N.C., has refused to advance Warsh's confirmation until a probe into Fed Chair Jerome Powell is dropped.
Oracle earnings will show whether its expensive AI bet is starting to pay off
Oracle's $300 billion deal with OpenAI established it as a major player in AI cloud computing alongside Amazon, Google and Microsoft.
Stellantis taps Toyota, Bosch suppliers for hybrid technologies for new Jeeps
Jeep maker Stellantis is leaning on technologies from automotive suppliers for its newest hybrid vehicles, CNBC has learned.
Olaplex stock has plunged since its IPO. Here’s how the hair care brand is trying to turn itself around
Olaplex, a prestige hair care brand, has seen its sales and stock price plummet after a lawsuit. Now, the company is trying to turn its business around.
Lego keeps beating the toy industry. Its secret weapon is not what you'd expect
Lego on Tuesday reported a 12% jump in revenue for fiscal year 2025 and reported consumer sales that far outpace the broader toy industry.
Million-dollar earners have already stopped paying into Social Security for 2026
The Social Security payroll tax is capped at $184,500 in 2026. Some high earners have already stopped paying into the program for the year.
Kevin Mandia sold his cybersecurity company to Google in 2022. He has a fresh $190 million for a new venture
Mandiant founder Kevin Mandia is staying in cybersecurity after selling his prior company to Google, but now he's focused on AI.
Volkswagen flags a tough year ahead as 2025 profit halves on tariffs, China competition
Volkswagen reported a more than 50% drop in annual operating profit, citing the impact of U.S. tariffs, currency effects and a strategic shift at Porsche.
South Korea opposed to U.S. moving air defense systems in the country to Middle East: President Lee
Lee maintained that even if the assets were moved out of the country, its deterrence capability against North Korea will not be affected.
Bluesky CEO Jay Graber stepping back, former WordPress parent chief Toni Schneider named interim boss
Bluesky was born out of Twitter by Jack Dorsey in 2019 and rose to popularity as an alternative to X after Elon Musk's acquisition.
As the Iran war upends energy flows, Russia is emerging as the real winner
Russia is shaping up to be a major beneficiary of the escalating energy crisis in the Persian Gulf, analysts told CNBC.
Elon Musk's xAI wants to build a power plant in Mississippi. Regulators plan a key meeting on Election Day
The NAACP has accused Mississippi regulators of rushing a meeting to approve xAI plans for a massive, methane-burning power plant in Southaven.
Democrats threaten more Iran war powers votes, call for Hegseth, Rubio to testify
Democrats are vowing to interrupt normal order in the Senate unless Pete Hegseth and Marco Rubio testify publicly.
Familiar winners dot Monday's stock leaderboard. Here's what the market is signaling
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Anthropic was the Pentagon's choice for AI. Now it's banned and experts are worried
Anthropic's partnerships with Amazon and Palantir helped it make inroads into the DOD, and its blacklisting is concerning to many industry experts.
There's another big reason why shipping companies and insurers aren't willing to risk the Strait of Hormuz
An environmental catastrophe poses a massive risk in a region that has glittering high-rise buildings, posh beachfront resorts and booming commercial centers.
Trump says Iran war will end 'very soon,' predicts lower oil prices
U.S. stock market indexes rose earlier in the day after an initial report that President Donald Trump said he believed the Iran war was largely finished.
Fears of 1970s-style stagflation arise with oil spike to $100. How big a threat is it?
High inflation and slow growth present a double threat, as measures like interest rate cuts and government spending only aggravate inflation.
Nvidia plans open-source AI agent platform ‘NemoClaw’ for enterprises: Wired
Nvidia is planning to lean into the agentic AI craze and launch an open-source platform for AI agents called 'NemoClaw,' according to a report.
China’s nudge, U.S. waiver and Iran tensions test India’s economic balancing act
India is trying to preserve its long-standing neutral foreign policy as escalating tensions around Iran threaten its oil supply and expose New Delhi to pressure from both Washington and Beijing.