Treasury Secretary Scott Bessent expressed confidence Wednesday that the U.S. economy can get back on the path to 3% growth as the Iran war nears conclusion. “We can have something with a three in front of it this year,” Bessent said in a live interview on CNBC’s “Squawk Box.” “The underlying economy has been strong.”…
Defense stocks plummeted on Wednesday after a report that Germany will abandon plans to build six warships, fuelling investor fears that the boost to defense contractors from increased government spending may not fully materialize. Berlin is planning to scrap a multi-billion-euro project to build the F126 frigates, according to the Financial Times, citing two people…
Workers assemble Leopard 2A7 main battle tanks at the KNDS heavy weapons factory on August 01, 2025 in Kassel, Germany. Sean Gallup | Getty Images News | Getty Images Defense giant KNDS has announced its intention to proceed with an IPO, saying on Wednesday that it plans to list its shares in Paris and Frankfurt….
Inside Creative House | Istock | Getty Images The largest transfer of wealth in modern history is underway, and the heirs set to inherit trillions of dollars in family fortunes are preparing to use the money very differently from the generations that built it. Over the next two decades, an estimated $83.5 trillion is expected…
Images of mobile devices at the Taiwan Semiconductor Manufacturing Co. (TSMC) Museum of Innovation in Hsinchu, on Tuesday, Jan. 11, 2022. I-Hwa Cheng | Bloomberg | Getty Images Asia’s technology stocks rebounded on Wednesday after global equities posted steep losses in the previous session. South Korea’s semiconductor heavyweights led Wednesday’s bounce during early Asia hours….
SEOUL, SOUTH KOREA – 09 DECEMBER: People walk past the Korea Exchange (KRX) building, as stock markets in Asia as a whole have been affected by the intensifying political turmoil over president Yoon Suk Yeol’s role in martial law, in Seoul, South Korea, on 9 December, 2024. The Korea Composite Stock Price Index (KOSPI), Hong…
AI data centers powered by off-grid power plants took a major step forward this week, a good sign for GE Vernova as industry challenges pile up. Monday’s announcement from Chevron that Microsoft has signed a long-term energy purchase agreement to fuel a massive new data center project couldn’t have come at a better time. Microsoft will…
Meta CEO Mark Zuckerberg exits Los Angeles Superior Court in Los Angeles, California, Feb. 18, 2026. Kyle Grillot | Bloomberg | Getty Images Meta Platforms CEO Mark Zuckerberg has directed staff to create a prediction markets platform, a person familiar with the company’s plans who asked not to be named confirmed to CNBC. The New…
More than 11,000 seafarers stuck in the Persian Gulf will begin to exit through the Strait of Hormuz under a large-scale evacuation plan backed by Iran and the United States, the International Maritime Organization said Tuesday. “We have secured the necessary safety guarantees and have thoroughly verified the conditions for safe navigation to support these…
A cooling tower is seen at the nuclear-powered Vogtle Electric Generating Plant in Waynesboro, Georgia, U.S. August 13, 2024. Megan Varner | Reuters The Energy Department announced Tuesday that it will provide $17.5 billion in loans to speed the deployment of 10 big nuclear reactors across the U.S. Energy Secretary Chris Wright said the loans…
