CNBC Daily Open: Who shot first? Hormuz heats again as ceasefire and oil markets in peril
On Thursday, the U.S. and Iran opened fire in the Strait of Hormuz, with each side claiming the other initiated the attack.
Iran focus at Trump-Xi summit may delay progress on tariffs, rare earths
Thanks to the Iran war, big issues for U.S. businesses like rare earths and supply chains may take a back seat on the agenda for the Trump-Xi summit.
Oil prices edge higher after U.S. fires on Iranian tankers, UAE attacked by missiles
The U.S. and Iran exchanged fire in the Strait of Hormuz, raising fresh fears that the fragile ceasefire between the two countries was unraveling.
Asia-Pacific markets mostly fall as renewed U.S.-Iran clashes keep investors on edge
Asia stocks broadly traded lower Friday, as concerns grew over renewed hostilities between Iran and the U.S. amid a fragile ceasefire.
Coinbase posts steep first-quarter loss after slide in crypto prices; shares fall 4%
Crypto trading platform Coinbase reported a surprise first-quarter loss and weaker-than-estimated revenue after the market close Thursday.
Cloudflare stock sinks 18% after earnings as company cuts 1,100 employees due to AI changes
The cloud provider announced it is laying off 20% of its workforce as agentic artificial intelligence “fundamentally changes” the company’s work.
OpenAI rolls out new model for cybersecurity teams a month after Anthropic’s Mythos debut
OpenAI said GPT-5.5-Cyber, a variation of its latest AI model, is rolling out in a limited preview capacity to vetted cybersecurity teams.
Airbnb tops revenue estimates, but Middle East cancellations rise due to Iran war
Airbnb reported mixed first-quarter results after the bell on Thursday and warned of regional weakness due to the war in Iran.
Shell CEO says oil market is short nearly 1 billion barrels due to Iran war and the hole deepens every day
The oil market hopes the U.S. and Iran will strike a deal that could reopen the Strait of Hormuz and restore energy shipments.
While many international brands retreat, McDonald’s is supersizing its China business
McDonald’s plans to have 10,000 locations in China by the end of 2028, and the country is its second largest market.
