Commodity Futures Trading Commission chair Michael Selig weighed into the perpetual futures debate in a Monday appearance on CNBC’s “Fast Money,” defending his agency’s decision to approve the asset domestically. Selig said that incumbents will always fear the future, but that the commission is looking to onshore products that are being developed internationally to ensure…
A sports-themed display in a Beijing mall ahead of the World Cup kickoff on June 11, 2026. CNBC | Yin Hon Chow BEIJING — Long gone are the days when catching World Cup soccer games on the go meant buying a portable mini television set. Instead, consumers in China can just whip out their phones….
China’s economy sees a lift from artificial intelligence-related industries, while real estate and domestic demand remain lackluster. Source link
The U.S. Strategic Petroleum Reserve has fallen to the lowest level in more than 40 years as emergency stocks are released to help ease the supply disruption triggered by the Iran war. The SPR stood at 340.3 million barrels as of June 12, the lowest level since the summer of 1983, according to data released…
Ship traffic through the Strait of Hormuz could rise to nearly 50% of prewar levels within a month if the U.S.-Iran deal is implemented without any major setbacks, analysts at the trade data firm Kpler said Monday. Washington and Tehran are expected to sign a deal Friday in Switzerland that will open Hormuz and lift…
Jensen Huang, chief executive officer of Nvidia Corp., speaks to members of media outside a restaurant in the Hongdae district of Seoul, South Korea, on Friday, June 5, 2026. SeongJoon Cho | Bloomberg | Getty Images Nvidia is aiming to raise at least $20 billion in debt, according to sources with knowledge of the matter,…
California Gov. Gavin Newsom (R) speaks as his wife Jennifer Siebel Newsom (L) looks on during an election night gathering at the California Democrats headquarters on November 04, 2025 in Sacramento, California. Justin Sullivan | Getty Images California Gov. Gavin Newsom on Monday accused President Donald Trump of ordering the Department of Justice to investigate…
Stock market bulls are eating well to kick off a new week of trading. Oil is nosediving Monday on news of a memorandum of understanding to end the U.S.-Iran war and reopen the vital Strait of Hormuz. That’s improving the inflation outlook and sending bond yields lower — just in time for Federal Reserve Chairman…
A sign is posted in front of a Dick’s Sporting Goods store on September 04, 2024 in Daly City, California. Justin Sullivan | Getty Images Dick’s Sporting Goods, the sporting goods retailer, announced a partnership to expand Lids shops to 100 Dick’s stores nationwide, the company said in a press release on Monday. “Our athletes…
Vice President JD Vance said Monday he expects the U.S.-Iran deal will open the Strait of Hormuz without tolls for the long term, but shippers say the arrangement to cross the sea lane remains unclear. “Our expectation is that the strait is going to be opened in a toll-free way for the long term, and…
