US Secretary of the Treasury Scott Bessent arrives at meeting of G7 Finance Ministers and Central Bank Governors in preparation for the summit of heads of State and government to be held in June 2026 in Evian, in Paris on May 18, 2026. Julien De Rosa | Afp | Getty Images Treasury Secretary Scott Bessent…
Elon Musk arrives to court at the Ronald V. Dellums Federal Building on April 30, 2026 in Oakland, California. Benjamin Fanjoy | Getty Images Elon Musk lost his lawsuit against OpenAI CEO Sam Altman on Monday, ending one round in the fight between the former friends and co-founders, and setting the stage for an even…
SpaceX’s imminent initial public offering is set to be the biggest stock debut in history — but the sheer scale of the launch could squeeze investor demand for other new listings, market watchers suggest. Samuel Kerr, global head of equity capital markets at Mergermarket, said SpaceX’s long-awaited listing, expected June 12, comes as Europe’s IPO…
Armada co-founders Dan Wright (L) and John Runyan (R) Armada Armada, which builds modular data centers that are becoming increasingly popular with customers in defense, energy and the military sector, raised $230 million from investors in a Series B fundraising round announced on Tuesday. San Francisco-based Armada, which was named to the 2026 CNBC Disruptor…
Cuban President Miguel Diaz-Canel and U.S. President Donald Trump. Sergey Bobylev | Nathan Howard | Reuters Cuban President Miguel Díaz-Canel on Tuesday condemned U.S. sanctions on the country as “immoral, illegal, and criminal,” lashing out at prolonged economic pressure on the communist-run island as tensions escalate. In a social media post on X, Díaz-Canel said…
Yields on U.S. Treasurys were slightly lower early Tuesday, easing losses in the previous session as traders weigh up central banks’ response to renewed inflation fears. The 10-year U.S. Treasury note yield — the key benchmark for U.S. government borrowing — was more than 1 basis points lower on Tuesday morning, at 4.6073%. The longer-dated 30-year Treasury…
US President Donald Trump speaks during a healthcare affordability event in the South Court Auditorium of The White House in Washington, DC, on May 18, 2026. Kent Nishimura | AFP | Getty Images LONDON — European stocks opened broadly higher on Tuesday as traders assess the geopolitical landscape and developments in the Middle East. By…
APA Corporation’s Beryl Alpha oil platform in the North Sea. Courtesy: APA Corporation Oil prices fell Tuesday after U.S. President Donald Trump said he would postpone a planned military strike on Iran following requests from key Middle Eastern leaders, easing fears of an imminent escalation that could disrupt global crude supplies. International benchmark Brent crude futures for…
The AI rally continued this earnings season. But companies building the underlying hardware powering the boom warned that the Iran war is putting pressure on their supply chains and profitability. A spiraling conflict in the Middle East has seen oil prices skyrocket and supply chains crucial to the tech sector hamstrung. Shortages of key chipmaking…
Standard Chartered on Tuesday announced it would cut more than 15% of its corporate functions roles by 2030, while setting higher medium-term profitability targets. The workforce reduction is part of the lender’s efforts to raise income per employee by around 20% by 2028, StanChart said. According to its 2025 annual report, corporate function roles include employees in human…
