Greg Abel, CEO of Berkshire Hathaway, speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 2, 2026. CNBC Berkshire Hathaway CEO Greg Abel discussed with CNBC’s Becky Quick on Wednesday the conglomerate’s massive investment in Google-parent Alphabet, calling the tech giant a “significant player” in artificial intelligence. Abel said that Berkshire…
The logo of Chevron is seen at the company’s office in Caracas, Venezuela April 25, 2018. Marco Bello | Reuters Chevron announced plans Wednesday to more than double its oil production in Venezuela over the next five years through a $7 billion investment that expand its position in the South American nation. This is breaking…
BP on Wednesday formally appointed Ian Tyler as chair after the surprise dismissal of his predecessor Albert Manifold contributed to leadership upheaval at the oil major. Tyler joined the company’s Board as a non-executive director in April last year and was appointed interim chair on May 26. “Ian brings significant experience providing challenge and support…
A close up view of a bottle of Oi Ocha unsweetened green tea with an image of Japanese professional baseball pitcher and designated hitter for the Los Angeles Dodgers, Shohei Ohtani. Ohtani is a Global Ambassador of ITO EN’s green tea brand, ‘Oi Ocha’. (Photo by Erica Denhoff/Icon Sportswire via Getty Images) Icon Sportswire |…
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 continued to slide Tuesday, with rising oil prices and bond yields driving much of the selling. The market added to its losses around noon ET…
Federal Reserve Board Governor Michael Barr speaks about “Artificial Intelligence and the Labor Market” to the New York Association for Business Economics (NYABE) in New York City, U.S., Feb. 17, 2026. Brendan McDermid | Reuters Federal Reserve Governor Michael Barr said Tuesday he would be prepared to support an interest rate hike if inflation doesn’t…
Government bond yields jumped across major markets Tuesday, with borrowing costs in Japan and the U.K. touching multi-decade highs, and U.S. Treasury yields surging, as renewed Middle East hostilities reignite inflation concerns. The key U.S. 10-year Treasury note yield moved to a 20-month high, rising 3 basis points to trade at 4.7880%. Japan’s benchmark 10-year…
A man walks past an electronic quotation board displaying 10-year Japanese government bonds (L), an index of long-term interest rates on the Tokyo bond market, and the foreign exchange rate of the Japanese yen against the US dollar (C) along a street in Tokyo on May 18, 2026. Kazuhiro Nogi | Afp | Getty Images…
Brazil’s President Luiz Inacio Lula da Silva speaks to the media at the BRICS Summit in Rio de Janeiro, Brazil July 7, 2025. REUTERS/Ricardo Moraes Ricardo Moraes | Reuters Emerging markets are likely to see a surge in investor money as they seek new opportunities after the U.S. Treasury’s bond buyback plans weakened the dollar,…
Treasury Secretary Scott Bessent and Russian Finance Minister Anton Siluanov at the G20 Finance Ministers Meeting in Asheville, N.C. on Aug. 31, 2026. Courtesy: U.S. Treasury Department U.S. Treasury Secretary Scott Bessent reportedly told Russian Finance Minister Anton Siluanov that no sanctions relief or new agreements with Moscow were possible, as long as the war…
