Trump teased Iran deal, markets soared. Why it keeps happening
U.S. President Donald Trump speaks during an event in the Oval Office of the White…
Trump teased Iran deal, markets soared. Why it keeps happening
U.S. President Donald Trump speaks during an event in the Oval Office of the White House on Aug. 6, 2026 in Washington, DC. Alex Wong | Getty Images The Trump administration this week sparked enthusiasm that the U.S. and Iran could soon strike a deal on the Strait of Hormuz, driving down oil prices and…
Burger King tops Wendy’s as nation’s second-largest burger chain
Burger King and Wendy’s signage. Getty Images Burger King has overtaken Wendy’s as the second-largest burger chain in the U.S. by systemwide sales, retaking its crown six years after losing it to the rival chain. The change in positions follows the two companies’ diverging results over the past two years. Wendy’s has reported shrinking U.S….
Gold bugs spend $180 million betting all’s clear for metal as bond yields stall
One-ounce gold bars at the Valcambi SA precious metals refinery in Balerna, Switzerland, on Friday, Sept. 9, 2025. Valcambi SA, Switzerland’s largest refiner, processes up to 2,000 tons of precious metals a year at its site in Balerna on the border with Italy. Photographer: Francesca Volpi/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images…
Trump revives effort to fire Fed’s Lisa Cook
Federal Reserve Board Governor Lisa Cook participates in a board meeting at the Federal Reserve on March 19, 2026 in Washington, DC. Kevin Dietsch | Getty Images President Donald Trump is “considering” firing Federal Reserve Board Governor Lisa Cook, the White House said this week, reviving an effort that had been stymied by the Supreme…
The Situational Awareness unwind is only one reason the AI trade is back
It was a clearing event after all. It’s been just over a week since the forced unwind of the high-flying Situational Awareness hedge fund, and the artificial intelligence trade is now standing on solid ground after a turbulent July battered the market’s old leaders. The best part is that the hedge fund’s reckoning last Thursday…
Prediction markets take center stage in latest quarterly earnings
Budrul Chukrut | SOPA Images | Lightrocket | Getty Images The latest quarterly earnings reports from FanDuel parent Flutter Entertainment, DraftKings and others shone a spotlight on the burgeoning prediction markets industry. A growing number of companies are introducing their own prediction market platforms or launching partnerships within the space, said Joel Shulman, the CEO…
‘SaaSpocalypse’ debate intensifies as software stocks swing wildly
Michael Cannon-Brookes, co-CEO of Atlassian. Scott Mlyn | CNBC The “SaaSpocalypse” was raging this week. Then it got a reprieve. The pennies-on-the-dollar acquisition of one-time highflyer Airtable, followed by plunges in HubSpot, Datadog and Figma on earnings reports, all served to underscore investor concerns that artificial intelligence models are eating away at the value of…
Russia sanctions bill honoring Lindsey Graham breezes through Senate
Ukraine’s President Volodymyr Zelenskyy meets with U.S. Senator Lindsey Graham (R-SC), amid Russia’s attack on Ukraine, in Kyiv, Ukraine May 30, 2025. Ukrainian Presidential Press Ser | Via Reuters Read more CNBC politics and policy coverage The bill would impose tariffs of up to 100% on countries that are within the top five purchasers of…
Jobs report July 2026:
The U.S. economy saw an unexpected declined in jobs during July while the unemployment rate edged lower, the Bureau of Labor Statistics reported Friday in a snapshot that showed a slowing employment picture. Nonfarm payrolls fell by a seasonally adjusted 23,000 for the month, compared with a downwardly revised 20,000 for June. The Dow Jones…
Here are three key takeaways from the disappointing July jobs report
Job seekers speak with employer representatives and browse information tables as they attend an Inspire Together job and resource fair in Los Angeles, California on July 29, 2026. Patrick T. Fallon | Afp | Getty Images Nonfarm payrolls in the U.S. unexpectedly declined in July, but so did the unemployment rate, leaving investors with mixed…
