US President Donald Trump, alongside CIA Director John Ratcliffe, U.S. Secretary of Defense Pete Hegseth and Chairman of the Joint Chiefs of Staff General Dan Caine speaks about the conflict in Iran on April 6, 2026, in Washington, DC. Brendan Smialowski | Afp | Getty Images The U.S. will enage in “technical talks” with Iran…
A series of task forces designed to bring outside thinking to the Federal Reserve will include the “best minds,” Chairman Kevin Warsh said Thursday. For a task force that could be especially consequential for the Fed’s management of the economy — on artificial intelligence — those outside minds all seem to lean in the same…
Fidji Simo, chief executive officer of Instacart Inc., speaks during a Bloomberg Studio 1.0 interview in San Francisco, California, U.S., on Thursday, March 3, 2022. David Paul Morris | Bloomberg | Getty Images Fidji Simo, OpenAI’s product and business chief, on Thursday announced she is stepping down from her role at the artificial intelligence company to focus…
Federal Reserve Chairman Kevin Warsh on Thursday released names of the experts who will comprise five task forces to examine the institution’s operations — a list that includes several prominent Wall Street names, business leaders and a wide expanse of academicians and former Fed officials. Warsh first disclosed his intention to create the task forces…
For 48 hours in Ankara, Turkey, it felt as though the world was moving on Donald Trump’s timetable. Markets lurched. NATO allies braced for confrontation. Ukraine searched for reassurance. Iran threatened to upend the agenda. One moment, leaders were preparing for diplomatic crisis; the next, they were describing a “love-in” with the very president many…
A welcoming sign at President Donald J. Trump International Airport in West Palm Beach, Florida, July 9, 2026. Marco Bello | Reuters The airport in West Palm Beach, Florida, has officially been renamed after President Donald Trump, the first time an airport has been named after a sitting U.S. president. Effective Thursday, the facility will…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks rebounded Thursday as investors shrugged off concerns about a significant escalation in the military conflict between the U.S. and Iran. That sent bond yields and…
Anduril CEO Brian Schimpf said the defense tech company is in no hurry to go public given the current market conditions. “We define a successful IPO as our investors got a good return three years from actually going out,” Schimpf told CNBC’s Julia Boorstin at the Allen & Co. Sun Valley Conference on Thursday. “A bad…
Buying dips and selling rips has been the name of the game in the S&P 500 all summer. Options action suggests that it can continue, with VIX at recent lows and a slowdown in the wild speculative call-buying in tech that was pulling the market quickly in both directions. To an extent, that’s just the…
Oil tanker traffic through the Strait of Hormuz has slowed after Iranian attacks on three commercial ships this week pushed the Persian Gulf to the brink of a renewed war. Thirteen tankers crossed Hormuz on Wednesday compared with an average of 33 per day over the previous week, said Matt Smith, director of commodity research…
