Tanker companies temporarily halt traffic toward Red Sea after U.S. airstrikes on Houthi militants
Hafnia, Torm and Stena Bulk confirmed that they halted traffic toward the Red Sea after airstrikes on Houthi militants in Yemen.
Cramer: Costco not done ‘saturating the world’ as new China store lures massive crowds
The crowds were so big that crowd-control measures were needed to get shoppers in and out.
Tesla stock down on Red Sea delays, rising labor costs and price cuts
Shares of Tesla fell Friday as the stock faced pressure from supply chain delays due to a crisis in the Red Sea.
Citigroup is cutting 10% of its workforce in CEO Jane Fraser’s corporate overhaul
Citigroup CEO Jane Fraser announced one of the largest moves to cut headcount at a major U.S. bank in recent years.
Beer market isolated from supply chain woes, CEO of Budweiser-maker AB InBev says
The CEO of AB InBev told CNBC the brewing giant was monitoring trade disruption in the Suez Canal.
JPMorgan Chase profit falls after $2.9 billion fee from regional bank rescues
JPMorgan is watched closely for clues on how banks fared amid volatile interest rates and rising loan losses.
Crypto bulls see bitcoin flying above $100,000 after ETF approval
Crypto bulls say bitcoin could surge to more than $100,000 this year after the SEC made a pivotal step to approve the first-ever U.S. spot bitcoin ETF.
Middle East crisis: Houthis say U.S., U.K. will pay a ‘heavy price’ after Yemen strikes
The U.S. and U.K. carried out strikes against targets in Yemen, escalating tensions sparked by a spate of Houthi maritime attacks in the Red Sea.
White House says U.S. Ukraine assistance has ‘ground to a halt’; UK announces increased drone funding
National Security Council Spokesperson John Kirby said Washington had “issued the last drawdown package that we had funding to support.”
Taiwan’s strength in semiconductors could be its ‘Achilles heel,’ economist says
Taiwan’s economy should plan to diversify away from semiconductors and encourage more industries to grow, an economist told CNBC.
