Shoppers during the grand opening of an Olive Young store in Pasadena, California, May 29, 2026. Kyle Grillot | Bloomberg | Getty Images When Olive Young opened its first U.S. outpost in late May, shoppers were already camping out, and the line spanned multiple blocks. On opening weekend, the leading South Korean beauty retailer’s new…
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 pulled back on Friday , capping off another volatile week. Weakness in the hyperscalers — Amazon , Alphabet , Meta Platforms , and Microsoft —…
The security situation in the Strait of Hormuz has returned to a “worse-case scenario” for oil tankers as Iran has repeatedly attacked ships over the past week, the CEO of a maritime risk services firm said. “We see the reduction of the volume of transits through the Strait of Hormuz and right now crews of…
Iraq and Syria signed an agreement Friday to rebuild an oil pipeline that would provide an alternative to the Strait of Hormuz. Baghdad and Damascus signed the deal at a Chamber of Commerce summit in Washington on U.S. investment in Iraq. Energy Secretary Chris Wright presided over the signing by Basra Oil Company CEO Bassem…
Middle East oil producers plan to build new pipelines to reduce their dependence on the Strait of Hormuz, as Iran disrupts the Gulf states’ seaborne crude exports with near daily attacks on tankers. But new pipelines will not end the threat to the region’s energy exports, analysts said. This infrastructure is just as vulnerable to…
Billboards in Times Square celebrate the SpaceX IPO debut at the Nasdaq on June 12th, 2026. Adam Jeffery | CNBC Good times for SpaceX are proving short-lived as Elon Musk’s intergalactic IPO is now giving fodder to bears who said the U.S. stock market wasn’t ready for a $2 trillion market-cap injection. Shares of the…
Apple and Nvidia battled it out on Friday for the title of world’s most valuable company, with the iPhone maker briefly topping the long-time leader in market value. Shares of Nvidia briefly dropped about 3% and its market value dipped to $4.84 trillion in early morning trading, while Apple hovered near a $4.88 trillion market…
A SpaceX Starship spacecraft rolls out toward its launch pad past the Starbase Manufacturing Facility before its 10th test flight from the company’s complex in Starbase, Texas, U.S., August 23, 2025. Steve Nesius | Reuters SpaceX’s stock fell further on Friday, a day after it aborted a test flight for its Starship rocket at the…
A sign at BP Plc petrol station in London, UK, on Monday, Aug. 4, 2025. Bloomberg | Bloomberg | Getty Images BP and ConocoPhillips are set to announce billions of dollars of new investments in Iraq on Friday as Washington seeks to bolster the country’s energy sector and reduce the region’s reliance on routes vulnerable…
Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos on June 21, 2026 in Muscat, Oman. Elke Scholiers | Getty Images Oil prices rose Friday as investors weighed escalating tensions between the United States and Iran after Tehran vowed to target regional infrastructure if President Donald Trump followed through on threats to strike…
