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on 03/12/2026

Markets' hopes for Fed interest rate cuts are rapidly fading away

As both energy prices and inflation fears pop higher, expectations for cuts are sliding lower.

on 03/12/2026

Adobe CEO Shantanu Narayen says he will step down after company installs successor

Shantanu Narayen led Adobe through a transition to subscription software, and he's been positioning the company to grow in the artificial intelligence age.

on 03/12/2026

Iran War: U.S. Navy will escort oil tankers through Strait of Hormuz when 'militarily possible,' Bessent tells Sky News

The Strait of Hormuz has been effectively closed to shipping because of the war against Iran by the U.S. and Israel.

on 03/12/2026

Sam Altman faced 'serious questions' in meeting with lawmakers about OpenAI's defense work

OpenAI CEO Sam Altman met with a handful of lawmakers in Washington, D.C., to discuss the company's work with the Defense Department.

on 03/12/2026

Warren calls on State Department to provide more aid to Americans stuck in Middle East

The State Department said this week that 36,000 Americans had returned to the U.S. after the start of the war with Iran.

on 03/12/2026

Trump tariffs: Martin Heinrich bill would give families tax rebate for higher import costs

The Supreme Court in a 6-3 ruling Feb. 20 ruled that President Donald Trumps IEEPA tariffs were illegal.

on 03/12/2026

Palantir's technology gives the West a critical edge in Middle East, CEO Alex Karp says

Palantir CEO Alex Karp sat down exclusively with CNBC to discuss the Iran war and how AI is being used in wartime.

on 03/12/2026

Why gold hasn’t moved since the Iran conflict — and where it could go next

Though the war in Iran has continued for almost two weeks, the price of the yellow metal has barely moved.

on 03/12/2026

Microsoft top Office executive Rajesh Jha retiring after more than 35 years

Rajesh Jha helped Microsoft bring to market an artificial intelligence assistant containing OpenAI models for its Office productivity customers.

on 03/12/2026

Ulta Beauty stock drops as company reports mixed earnings, gives 2026 guidance

Ulta Beauty reported fiscal fourth-quarter earnings Thursday that beat Wall Street revenue expectations but missed on earnings per share.

on 03/12/2026

Housing affordability bill clears Senate as investor ban creates headaches

The Senate passed the bill 89-10, but House lawmakers say more changes are needed before it could go to President Donald Trump's desk.

on 03/12/2026

Brent oil closes at $100 after Iran's new supreme leader says Strait of Hormuz must remain closed

Strategists said oil prices were trading higher because there appears to be no end in sight to oil supply disruptions through the Strait of Hormuz.

on 03/12/2026

Trump-backed SAVE America Act will get a Senate vote next week, Thune says

Advocates of the voter-ID bill have pressed the Senate for months to call a vote on the controversial legislation.

on 03/12/2026

WNBA players say they’re 'feeling movement' as league, union push toward landmark CBA

The WNBA season is set to kick off Friday, May 8, and the draft is scheduled for April 13.

on 03/12/2026

Iran Supreme Leader Mojtaba Khamenei has verified account on X, Elon Musk's platform

The newly created account was busy posting on Thursday, its first day being active on the X social media platform.

on 03/12/2026

EV maker Lucid reveals plans for robotaxi, positive free cash flow late this decade

The EV company is aiming to hit that target through market expansion into midsize vehicles, robotaxis and new counties, specifically in Europe.

on 03/12/2026

This company bought back stock in last month's software rout. It was a good move

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

on 03/12/2026

These charts show the size of Europe's defense boom, as companies take stock of the Iran war

Leonardo said Thursday that it is on "a path of strong growth," as defense companies see opportunities in the wars in Iran and Ukraine.

on 03/12/2026

Fed chair pick Kevin Warsh meets with more senators as Thom Tillis blockade continues

Sen. Tillis vows to vote against sending Kevin Warsh's nomination as Federal Reserve chair to the full Senate as a criminal probe of Jerome Powell is pending.

on 03/12/2026

Art and classic car auctions top $600 million despite Iran war

Experts say the global turmoil may have even helped demand for rare collectibles, as the wealthy search for safe, long-term stores of value.

on 03/12/2026

As Iran war heightens affordability issues, don't expect the Fed to 'ride in and save the day,' analyst says

Amid geopolitical turmoil, the Federal Reserve is widely expected to keep interest rates unchanged at its March meeting.

on 03/12/2026

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.

on 03/12/2026

Gig workers feel pain at the pump as gas prices hit 21-month highs

A network of millions of Americans who offer services like making deliveries or providing rideshare services are feeling the effects of rising gas prices.

on 03/12/2026

Anthropic’s Claude would ‘pollute’ defense supply chain: Pentagon CTO

"This is not meant to be punitive," Michael told CNBC's "Squawk Box."