The ‘Al-Riqqa’ oil tanker (L) and ‘Al-Yarmouk’ oil tankers sail in the Arabian Gulf waters, off the coast of Kuwait City on June 27, 2026. (Photo by YASSER AL-ZAYYAT / AFP via Getty Images) / Yasser Al-zayyat | Afp | Getty Images President Donald Trump again threatened Iran on Sunday with annihilation following U.S. attacks…
Wall Street spent the week debating who the biggest winners and losers of the artificial intelligence boom will ultimately be. Memory chipmaker Micron’s blockbuster earnings reinforced the fervent demand for computing resources, but it also led investors to question whether the AI buildout is becoming too expensive for the hyperscalers funding it. The tech-heavy Nasdaq…
Large commercial vessels and a small boat navigate the waters off the southern port city of Bandar Abbas, Iran on June 21, 2026. Anadolu | Anadolu | Getty Images A tanker in the Strait of Hormuz was reported to have been struck by a projectile on Saturday, the latest escalation of tensions between the U.S….
OpenAI Ceo Sam Altman speaks to journalists after meeting with US House Minority Leader Hakeem Jeffries on Capitol Hill in Washington, DC, on June 3, 2026. Brendan Smialowski | AFP | Getty Images OpenAI on Friday announced three new artificial intelligence models and said it’s complying with the U.S. government’s request to initially limit the…
U.S. President Donald Trump arrives with incoming Federal Reserve Chair Kevin Warsh for Warsh’s swearing-in ceremony at the White House in Washington, D.C., U.S., May 22, 2026. Jonathan Ernst | Reuters With inflation topping 4%, the Trump administration is easing off its long-standing calls for the Federal Reserve to immediately cut interest rates. That is…
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 are choppy on Friday, with the S & P 500 swinging in and out of positive territory. For the week, the S & P 500…
An F-35B Lighting II, attached to Marine Fighter Attack Squadron (VMFA) 121, takes off from the flight deck of America-class amphibious assault ship USS Tripoli (LHA 7), May 13, 2026. Courtesy: U.S. Navy The U.S. military struck Iran on Friday after President Donald Trump accused the Islamic Republic of violating a 60-day ceasefire by launching…
Governor Gavin Newsom attends the 94th Annual Meeting of the United States Conference of Mayors in Long Beach, California on June 4, 2026. Myraneli Fabian | Anadolu | Getty Images California Gov. Gavin Newsom, who is widely viewed as a 2028 presidential contender, on Friday called for a nationwide tax on billionaires as part of…
Former U.S. Ambassador to the United Nations and former National Security Advisor John Bolton arrives for a plea hearing at U.S. District Court for the District of Maryland on June 26, 2026 in Greenbelt, Maryland. Al Drago | Getty Images John Bolton, a former national security advisor to President Donald Trump, pleaded guilty in Maryland…
Jakub Porzycki | Nurphoto | Getty Images Cryptocurrency exchange Binance has told its customers in the European Union it will stop providing services to them from next week because it will not be licensed to operate in the region. According to a Financial Times report on Friday, the exchange’s application for a bloc-wide license in…
