CNBC

Continental Resources to develop massive oil patch in Venezuela

Continental Resources to develop massive oil patch in Venezuela

Continental said it undertook an "independent evaluation of opportunities" in Venezuela after President Donald Trump cal...

1 week ago
'Science fiction': Transport companies — the backbone of economy — are sounding alarm on fuel prices

'Science fiction': Transport companies — the backbone of economy — are sounding alarm on fuel prices

Prices for diesel, the fuel type used to power trucks and trains, came in at an all-time high of $6.31 per gallon on Wed...

1 week ago
Hyperscaler debt signals warning sign, Apollo cautions

Hyperscaler debt signals warning sign, Apollo cautions

Credit default swaps for companies building data centers are getting pricier, and it's not because banks are hedging mor...

1 week ago
Pentagon CTO says U.S. government shouldn't take stakes in tech giants, questions adding AI rules

Pentagon CTO says U.S. government shouldn't take stakes in tech giants, questions adding AI rules

President Donald Trump has angrily pushed back on the calls from industry and lawmakers for an AI slowdown or greater re...

1 week ago
House set to pass sweeping Russia sanctions bill honoring Lindsey Graham

House set to pass sweeping Russia sanctions bill honoring Lindsey Graham

The Lindsey Graham Russia sanctions bill is on a path to become law after the House votes in favor....

1 week ago
Senate is still a tossup, but Democrats now have slight edge, prediction market traders think

Senate is still a tossup, but Democrats now have slight edge, prediction market traders think

Traders on both Kalshi and Polymarket see Democrats with one of their best chances to flip the U.S. Senate since the con...

1 week ago
OpenAI investors have approached the company about a new funding round

OpenAI investors have approached the company about a new funding round

OpenAI is gearing up for what is widely expected to be a blockbuster IPO next year, after it confidentially filed its pr...

1 week ago
J.B. Hunt stock plunges 10% after company warns third-quarter earnings will fall

J.B. Hunt stock plunges 10% after company warns third-quarter earnings will fall

Shares of J.B. Hunt plunged more than 10% Wednesday after the company warned of an earnings drop between 5% and 10%....

1 week ago
Saudi says Houthis targeted Mecca with a drone, Iran-backed group rejects claim

Saudi says Houthis targeted Mecca with a drone, Iran-backed group rejects claim

The Organization of Islamic Cooperation condemned the strike as a "heinous" attack. Mecca is Islam's holiest site and th...

1 week ago
Mortgage demand from homebuyers drops 19% from a year ago, as interest rates surge abruptly higher

Mortgage demand from homebuyers drops 19% from a year ago, as interest rates surge abruptly higher

Mortgage rates have surged to the highest level since the start of 2025, causing a major pullback in mortgage demand....

1 week ago
Intel, SK Hynix shares jump on report they're discussing U.S. memory chip manufacturing

Intel, SK Hynix shares jump on report they're discussing U.S. memory chip manufacturing

The deal could be a big win for Intel which has been looking to gain marquee customers for its manufacturing, or foundry...

1 week ago
Canada could become 'first associate member' of EU, bloc's chief says

Canada could become 'first associate member' of EU, bloc's chief says

EU chief Ursula von der Leyen said the bloc wants to open the door for Canada to become its first associate member, sign...

1 week ago
UK inflation jumps to 3.1% as energy costs soar

UK inflation jumps to 3.1% as energy costs soar

The reading comes just hours before the Bank of England updates its monetary policy....

1 week ago
Bond yields are spiking, oil is up — but investors aren’t giving up on stocks

Bond yields are spiking, oil is up — but investors aren’t giving up on stocks

Rising Treasury yields, geopolitical risk and fresh AI safety concerns are hitting markets, but many investors remain bu...

1 week ago
Treasury yields hitting 5% may not break markets now — but the clock is ticking

Treasury yields hitting 5% may not break markets now — but the clock is ticking

The 10-year Treasury yield hit its highest since 2007, pushing borrowing costs deeper into territory that could expose s...

1 week ago
Oil falls as U.S. crude inventories reportedly rise, traders weigh Saudi pipeline closure

Oil falls as U.S. crude inventories reportedly rise, traders weigh Saudi pipeline closure

Oil fell Wednesday, as an unexpected increase in U.S. crude inventories outweighed worries over supply disruptions after...

1 week ago
Grab aims for 'next level' in financial services with purchase of buy-now pay-later platform Atome

Grab aims for 'next level' in financial services with purchase of buy-now pay-later platform Atome

Grab is betting $1.49 billion on Atome Financial as it looks to expand its consumer lending business in Southeast Asia....

1 week ago
BOJ expected to hike rates by 25 basis points to fresh three-decade high: CNBC survey

BOJ expected to hike rates by 25 basis points to fresh three-decade high: CNBC survey

The BOJ is expected to hike rates by 25 basis points to a fresh three-decade high, a CNBC survey shows....

1 week ago
House to vote on bill to rein in AI data center utility costs

House to vote on bill to rein in AI data center utility costs

The bipartisan legislation would create a regulatory framework states could adopt to prevent data center-related energy ...

1 week ago
Inside South Korea’s university programs offering a direct route to Samsung and SK Hynix

Inside South Korea’s university programs offering a direct route to Samsung and SK Hynix

Companies are helping universities develop courses, provide financial support and create pathways through which qualifyi...

1 week ago
Musk urges top AI labs, Chinese companies to test each other's models amid calls for slowdown

Musk urges top AI labs, Chinese companies to test each other's models amid calls for slowdown

Elon Musk called for the leading AI labs to peer review each others' models before they're released to the public as a w...

1 week ago