The U.S. on Monday authorized Iranian oil sales through August after “productive talks” between Tehran and Washington in Switzerland over the weekend, Treasury Secretary Scott Bessent said. “As part of the framework, Treasury has issued a temporary 60-day general license authorizing the production, delivery, and sale of Iranian oil,” Bessent said in a post on…
SpaceX employees celebrate the market close of the SpaceX initial public offering (IPO) at the Nasdaq Marketsite on June 12, 2026, in New York City. Spencer Platt | Getty Images Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news. Source link
An aerial view of Project Boson in Archbald, PA, is pictured in close proximity to The Highland’s neighborhood as well as Valley View High School (top left), Wednesday, April 15, 2026. Project Boson will replace an auto parts junkyard with a nearly 620,000-square-foot data center. Local residents have raised significant concerns. The Washington Post |…
Alan Greenspan, the longtime Federal Reserve chairman known as “the Maestro” who became one of the most influential economic policymakers of his era and famously warned of “irrational exuberance,” has died. He was 100. The influential economist died Monday from complications of Parkinson’s Disease, said his wife of 29 years, Andrea Mitchell, the chief Washington…
Wera Rodsawang | Moment | Getty Images The richest U.S. households have financial needs different from those of the average investor and, as such, seek out financial advisors who specialize in managing this echelon of wealth. The inaugural CNBC Elite Advisors list recognizes 25 of the nation’s leading investment advisors serving ultra-high net worth individuals…
Thomas Barwick | Digitalvision | Getty Images The wealth management industry is in the middle of a sweeping shift, as more firms move up the wealth ladder to serve the richest individuals and families. Technology, competition and industry consolidation are pressuring fees and profitability, experts say. At the same time, the population and fortunes of…
Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos on June 21, 2026 in Muscat, Oman. The Strait of Hormuz, a vital shipping route for the region’s oil and gas, was effectively blockaded since the outbreak of war between the United States and Iran in late February. On Sunday, U.S. Vice President JD…
A view of Baglihar Dam, also known as Baglihar Hydroelectric Power Project, on the Chenab river which flows from Indian Kashmir into Pakistan, at Chanderkote in Jammu region May 6, 2025. Stringer | Reuters A year after their last military conflict, tensions between India and Pakistan are rising again, this time over access to water…
U.K. Prime Minister Keir Starmer is expected to set out a timetable for his departure on Monday, reports suggest, kickstarting a process that will see the country appoint its seventh leader in a decade. Andy Burnham, Labour’s former Greater Manchester Mayor, is favorite to replace Starmer after winning a special election in north-west England last…
BEIJING, CHINA – NOVEMBER 11: The national flag of China flies in front of the headquarters of the Ministry of Commerce on November 11, 2025, in Beijing, China. Cheng Xin | Getty Images News | Getty Images China imposed fresh trade restrictions on dozens of U.S. entities on Monday, retaliating against Washington’s move to add…
