When the stock market opens on Monday, we will once again face the interaction between bonds and oil. Over the weekend, we saw the breakdown of the Strait of Hormuz opening deal and the ramp-up of President Donald Trump ‘s willingness to go back to bombing mode. I read that there are no more targets,…
Bank earnings confirmed one thing this week: The Iran war may be a major geopolitical upheaval, but not a financial one. March, the final month of the first quarter, was brutal on Wall Street. The conflict started on Feb. 28, and quickly sent oil prices soaring and stocks tanking. Wells Fargo shares tumbled to a…
My top 10 things to watch Friday, April 17 1. The S & P 500 is headed for a higher open this morning after Iran declared the Strait of Hormuz open to commercial traffic during the Israel-Lebanon 10-day ceasefire. Oil prices sank more than 9%. President Donald Trump said the U.S.-Iran war “should be ending…
U.S. tech companies are ramping up lobbying of government officials at home and further afield amid the Iran war, as they look to defend their interests and map out contingency plans, industry insiders told CNBC. Conflict in the Middle East has thrown the global business sector into disarray, with oil prices skyrocketing and supply chains…
Anadolu | Anadolu | Getty Images Google is letting the Gemini AI chatbot connect to personal photos with the Nano Banana image generation tool. Google said Thursday it will allow users to connect their Personal Intelligence, an AI feature that connects Google apps for personalized answers, with its Gemini chatbot. By opting in, Nano Banana…
Taiwan Semiconductor Manufacturing Company’s logo is seen in the background beside a printed circuit board. Sopa Images | Lightrocket | Getty Images Taiwan Semiconductor Manufacturing Company on Thursday reported a 58% increase in first-quarter profit, beating estimates and hitting a fresh record as demand for artificial intelligence chips stayed strong. Here are the company’s results…
Doug Field, the chief EV, digital and design officer at Ford Motor, speaks at Louisville Assembly Plant as Ford shares its plans to design and assemble its “Universal Electric Vehicle” platform on Aug. 11, 2025. Courtesy: Ford DETROIT — Ford Motor‘s head of electric vehicles and software is leaving the automaker as it restructures its…
In an aerial view, the Netflix logo is displayed above Netflix corporate offices on October 7, 2025 in Los Angeles, California. Mario Tama | Getty Images There’s a love affair on Wall Street between investors and streaming. The romance started about a decade ago when consumers began cutting the cord with cable TV bundles en…
OpenAI’s newly appointed revenue chief, Denise Dresser, sent a memo to staffers on Sunday, touting the company’s alliance with Amazon as a key growth driver for its enterprise business, while noting the constraints of its long-standing tie-up with Microsoft. Dresser’s memo lands less than two months after Amazon announced plans to invest up to $50…
Federal Reserve Chairman Jerome Powell and Treasury Secretary Scott Bessent met with major U.S. bank CEOs this week to discuss the possible cyber risks raised by Anthropic‘s Mythos model, CNBC confirmed Friday. The bank heads were already in Washington, D.C., for a Financial Services Forum board meeting when a special gathering was called on Tuesday…
