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Oil prices jump after US launches new attacks on Iran

The strikes come despite a ceasefire between Tehran and Washington as the two countries hold peace talks.

Industry

SK Hynix and Micron: Booming AI chip demand helps create two new $1tn club members

SK Hynix and Micron are the latest tech firms to join the growing list of stocks with mega valuations.

Industry

ECB 'will do what is necessary' to tame inflation, Bank of France governor tells CNBC

Markets are overwhelmingly pricing in a rate hike from the central bank at its next meeting.

Industry

Americans are feeling inflation's pinch into the holiday weekend. Here's where prices are rising the most

Prices related to travel, recreation and food saw particularly steep increases, stretching Americans' wallets as they celebrate the unofficial start of summer.

Industry

Consumer sentiment hits fresh record low in May as Iran war fuels inflation worries

Consumer sentiment has tumbled to a fresh record low in May as fears of higher prices grow due to the U.S.-Iran war and elevated oil prices.

Industry

Consumer sentiment hits fresh record low in May as Iran war fuels inflation worries

Consumer sentiment has tumbled to a fresh record low in May as fears of higher prices grow due to the U.S.-Iran war and elevated oil prices.

Industry

Elon Musk\s SpaceX postpones Starship launch

It comes just a day after the firm revealed plans for a record-breaking stock market debut.

Industry

UK-Gulf trade deal a 'monumental achievement,' Bahrain industry minister tells CNBC

Abdulla bin Adel Fakhro said the deal was a win-win for the U.K. and Gulf states.

Industry

Nvidia\s record results fail to impress investors

The chip giant reported more stellar results but its shares fell after-hours as investors wonder if it can keep up its pace of growth amid greater competition.

Industry

Standard Chartered to cut thousands of roles as AI use increases

The UK-headquartered banking giant aims to move some of the effected workers to other roles in the business.

Industry

Kevin Warsh to be sworn in as Federal Reserve chair on Friday

Trump will swear in Kevin Warsh, his hand-picked choice to lead the Federal Reserve, during a White House ceremony.

Industry

Kevin Warsh to be sworn in as Federal Reserve chair on Friday

Trump will swear in Kevin Warsh, his hand-picked choice to lead the Federal Reserve, during a White House ceremony.

Industry

The Fed will have to raise interest rates in July to appease 'bond vigilantes,' Yardeni says

Sent to the Federal Reserve to lower interest rates, incoming Chair Kevin Warsh instead may have to push for higher levels.

Industry

The Fed will have to raise interest rates in July to appease 'bond vigilantes,' Yardeni says

Sent to the Federal Reserve to lower interest rates, incoming Chair Kevin Warsh instead may have to push for higher levels.

Industry

Traders now see next Fed interest rate move as a hike following inflation surge

The fed funds futures market is pricing in an increase as soon as December.

Industry

Traders now see next Fed interest rate move as a hike following inflation surge

The fed funds futures market is pricing in an increase as soon as December.

Industry

Inflation rate projected to hit 6% in the second quarter, top economic forecasters say

The recent surge in inflation is likely to get worse over the next several months, according to a survey Friday.

Industry

Inflation rate projected to hit 6% in the second quarter, top economic forecasters say

The recent surge in inflation is likely to get worse over the next several months, according to a survey Friday.

Industry

Bond market believes Fed behind the curve on inflation as Warsh takes over

Bond traders are hoping that the central bank's easing bias is replaced with a skewed view toward tightening.

Industry

Wholesale inflation jumps 6% in April on annual basis, biggest increase since 2022

The producer price index was expected to increase 0.5% in April, according to the Dow Jones consensus.

Industry
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