A ship fires a weapon during drills east of Taiwan, in this screenshot from a video released by the Eastern Theatre Command of China’s People’s Liberation Army (PLA) on Dec. 29, 2025. Eastern Theatre Command | Via Reuters The U.S. Congress continues to have strong support for Taiwan even as it remains a focal point…
Americans have spent nearly $450 extra per household on rising energy costs during the Iran war, according to an analysis shared exclusively with CNBC’s Steve Liesman. The average household has shelled out $447.19 for additional fuel-related expenses since the conflict began on Feb. 28, data from Moody’s Analytics found. That’s cumulatively cost American consumers nearly…
U.S. Secretary of Defense Pete Hegseth takes questions during a press briefing at the Pentagon on May 5, 2026 in Arlington, Virginia. Chip Somodevilla | Getty Images The U.S. aims to sustain equilibrium in the Asia-Pacific region and is working toward a situation where its allies are more capable, Secretary of War Pete Hegseth said,…
Bent oil posted its biggest monthly loss in six years as traders hoped that the U.S. and Iran are nearing a deal that will reopen the Strait of Hormuz. The international oil benchmark fell more than 19% in May, its worst month since March 2020 when the Covid-19 pandemic closed economies. U.S. West Texas Intermediate…
The European Union is looking to “intensify” discussions with the U.S. administration on the most advanced AI models, including those with “cyber capabilities,” a Commission official told CNBC. Anthropic’s powerful Mythos model, announced in April, sent governments and businesses into a frenzy, prompting a wave of concerns about AI-powered cyberattacks. That same month, the Wall…
Global oil prices have tumbled by around 20% from 2026 highs as investors have grown increasingly optimistic on prospects for a long-lasting ceasefire deal between the U.S. and Iran, which would unlock shipping through the Strait of Hormuz. Brent crude was down 1.2% on the final trading day of the month, at $92.56, as of…
Air taxi makers have hyped science fiction-like flying cars for years. But as that dream inches closer to reality, legal squabbles are clouding that momentum. Last year, Joby Aviation sued Archer, accusing the rival air taxi maker of “corporate espionage” and using stolen information to interfere with a real estate developer deal. Weeks later, Archer…
A man views the Rasool al-Adham mosque from the corniche at Sultan Qaboos port in Oman’s capital Muscat on February 5, 2026. Loic Venance | Afp | Getty Images The Trump administration’s threats against Oman, a longtime U.S. ally, have thrown a country known for cultivating a reputation as the “Switzerland of the Middle East”…
Two employees in pharmaceutical industry wearing protective gloves, mask, cap and white suit seen standing by the machine that is the part of the medicaments production during the working hours in a pharmaceutical manufacturing. Extreme-photographer | E+ | Getty Images Shares of Innovent Biologics rose 10% after the company entered into a deal with pharmaceutical giant…
A screen displays share prices inside the Kabuto One building in Tokyo, Japan, on Monday, April 13, 2026. Oil surged and stocks fell after President Donald Trump ordered a blockade of the Strait of Hormuz, escalating tensions with Iran following the collapse of weekend peace talks. Photographer: Kiyoshi Ota/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty…
