OPEC Secretary-General Haitham al-Ghais speaks during a panel at the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) in Abu Dhabi on November 4, 2024. (Photo by FADEL SENNA / AFP) (Photo by FADEL SENNA/AFP via Getty Images) Fadel Senna | Afp | Getty Images OPEC Secretary General Haitham al-Ghais on Thursday dismissed the International…
Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 15, 2026. Stringer | Reuters It will take weeks to clear the backlog of ships in the Strait of Hormuz, industry executives and shipping experts have warned, as the critical waterway is set to reopen. Oil prices initially dipped below $80 per barrel…
Terry Duffy, CEO of CME Group Inc., speaks during the Piper Sandler Global Exchange and FinTech Conference in New York City, U.S., June 5, 2025. Adam Gray | Reuters Outgoing CME Group CEO Terrence Duffy said on CNBC’s “Fast Money” on Wednesday afternoon that the exchange operator will sue the Commodity Futures Trading Commission over…
WASHINGTON – Kevin Warsh‘s first meeting as Federal Reserve chairman concluded Wednesday with no change in interest rates and a nod to possible hikes ahead. The meeting also saw the removal of key language indicating a bias toward future cuts within a dramatically shorter policy statement. The Federal Open Market Committee voted unanimously to keep…
Kevin Warsh, U.S. President Donald Trump’s nominee for Chair of the Federal Reserve, testifies during his Senate Committee on Banking, Housing, and Urban Affairs confirmation hearing in the Dirksen Senate Office Building on April 21, 2026 in Washington, DC. Andrew Harnik | Getty Images Treasury yields rose Wednesday after the Kevin Warsh-led Federal Reserve signaled…
New U.S. Federal Reserve Chairman Kevin Warsh holds a press conference following a two-day meeting of the Federal Open Market Committee (FOMC), at the U.S. Federal Reserve in Washington, D.C., U.S. June 17, 2026. Eric Lee | Reuters Wednesday’s Federal Open Market Committee statement looked drastically different than those issued after previous meetings, offering one…
SpaceX shares sank on Wednesday, putting a damper on momentum after a red-hot first few days of trading. The Elon Musk-led company has seen its stock surge around 40% since its blockbuster IPO on Friday, which offered shares at a set $135. The first few days of gains for SpaceX pushed its market cap above…
Terry Duffy, CME Group Scott Mlyn | CNBC CME Group‘s longtime leader Terry Duffy will step down as chief executive officer next year, succeeded by President and Chief Financial Officer Lynne Fitzpatrick. Duffy, 67, will transition to executive chairman effective March 1, 2027, the company said Tuesday. It marks a more than two-decade run that…
Gywnne Shotwell, President and COO of SpaceX, celebrates the SpaceX IPO with executives at the Nasdaq on June 12th, 2026. Adam Jeffery | CNBC In many ways, SpaceX is a lot like bitcoin: it has no earnings, no yield, is so far extremely volatile, and has about as many haters as it does hardcore believers. …
In this screen grab from a video released by U.S. Central Command, U.S. forces operating in the Arabian Sea enforced naval blockade measures against an Iranian-flagged cargo vessel attempting to sail toward an Iranian port on April 19, 2026 in the Arabian Sea. U.S. Central Command | Getty Images At least three Iranian tankers carrying…
