An Iranian flag flutters in the wind as ships remain anchored on May 16, 2026 in the Strait of Hormuz near Larak Island, Iran. Majid Saeedi | Getty Images News | Getty Images U.S. forces conducted “self defense” strikes in southern Iran early Tuesday, with U.S. Central Command saying the military action was to “protect…
A drone view shows the Valero Houston Refinery in Pasadena outside of Houston, Texas, U.S., May 12, 2026. REUTERS/Shahrzad Rasekh Shahrzad Rasekh | Reuters Oil prices were mixed Tuesday as U.S. military operations in southern Iran on Monday and President Donald Trump’s mixed messaging on the negotiations between Tehran and Washington kept traders on edge….
Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a succinct snapshot of what I’m seeing and hearing from local businesses. Now that the Trump-Xi summit has helped keep tariffs in check, Chinese companies and U.S. representatives alike are making the most of an extended…
First, welcome to all who have joined us for the first time. Your participation in the CNBC Investing Club means a great deal to us. We aspire to get it right for you, in the same way a wonderful Club member explained this weekend as we gardened together. He couldn’t believe how much he had…
Kalshi and Polymarket. Gabby Jones | Bloomberg | Martin Lelievre | Getty Images High volume and short-term markets that ask simple questions with clear resolution rules — that’s the formula Evercore ISI strategists say make prediction markets helpful for forecasting. Led by Julian Emanuel, they found contracts with higher volume produce more reliable probabilities than…
It may be a holiday-shortened week of trading on Wall Street. But the four days are filled with updates on some of the market’s biggest debates: Is AI eating software? Is the American consumer OK? And what’s happening with inflation? Let’s get into it. 1. Earnings: Salesforce reports on Wednesday night. Unfortunately, the stock has…
Cracking towers stand beside access roads at the Ruwais refinery and petrochemical complex, operated by Abu Dhabi National Oil Co. (ADNOC), in Al Ruwais, United Arab Emirates. Bloomberg | Bloomberg | Getty Images Oil markets are nearing minimum operating levels in Asia, with Europe likely next and the U.S. potentially facing shortages by July, said…
NEW YORK, NEW YORK – SEPTEMBER 22: General David H. Petraeus (US Army, Ret.) speaks onstage during the 2025 Concordia Annual Summit at Sheraton New York Times Square on September 22, 2025 in New York City. (Photo by Riccardo Savi/Getty Images for Concordia Annual Summit) Riccardo Savi | Getty Images Entertainment | Getty Images Iran…
Shares in Delivery Hero rose over 10% on Monday morning following a Financial Times report that U.S. rival Uber weighed an improved bid for the German food delivery firm. Delivery Hero confirmed in a statement on Saturday that it had received a takeover offer from Uber of €33 ($38.29) per share, which would value the…
A SK Hynix flag (R) and a South Korean national flag (L) flutter outside the company’s Bundang office in Seongnam on Jan. 26, 2024. Jung Yeon-je | Afp | Getty Images London — Outsized returns for memory-related stocks have helped fuel substantial gains in U.S. and South Korean equity markets in recent years — but…
