Citi backs European bank stocks after ‘overblown’ sell-off — here are its top three picks
The Stoxx 600 Banks index is down 1% year-to-date, after falling by as much as 10% during the depths of the conflict.
‘Weeks, if not months’: Strait of Hormuz tanker traffic won’t normalize anytime soon
Traffic through the Strait of Hormuz has yet to see a meaningful rebound and this could continue for weeks, warn shipping experts.
Fast food, faster charging? BYD and KFC China collaborate to offer 9-minute refueling stations
BYD announced Wednesday a partnership with KFC China to develop a network of “nine-minute” drive-thrus across the mainland.
10-year Treasury yield hovers near 4.3% after oil price gain, sticky inflation data
The 10-year Treasury yield was little changed on Thursday as oil prices rallied and investors digested a number of key data releases.
Europe stocks end lower as U.S-Iran ceasefire comes under strain
Shares in Europe finished lower on Thursday, as the fragile truce agreed between the U.S. and Iran already shows signs of strain.
CNBC Daily Open: Trump touts “next conquest”
President Trump touts his “next conquest” amid increasing concerns over the fragility of the ceasefire agreement with Iran.
From war to weather: A ‘super El Niño’ event poses fresh risks to global food costs
An unusually powerful El Niño weather event could take shape later this year, exacerbating global food security fears.
Trump says U.S. ready for ‘next conquest,’ warns military will remain near Iran until ‘real agreement’ is honored
The statement came a day after Washington and Tehran agreed to a two-week ceasefire brokered by Pakistan, which halted six weeks of fighting.
Iran oil shock stirs memories of 1997 Asian Financial Crisis — but here’s why history may not repeat itself
The Hormuz disruption is hammering Asian economies with surging energy costs and weakening currencies, but a repeat of the crisis three decades ago is unlikely.
CNBC Daily Open: Markets love a ceasefire — but can it last?
The Iran-U.S. ceasefire has lifted markets, but some cracks are already showing in the ‘fragile truce.’
