CNBC Daily Open: Markets rally on hopes of Iran-U.S. Strait of Hormuz deal
U.S. Treasury Secretary Scott Bessent told CNBC that Iran and the U.S. could reach a deal to open the Strait of Hormuz by Wednesday.
The Stoxx 600 just hit a record high – here’s what’s driving the pan-European index
Europe’s headline index is up 10% in 2026 so far, but below the surface, the sectoral picture is far more nuanced.
Europe is blowing up riverbeds as an extreme drought wreaks havoc on its economy
Severe drought is disrupting energy and freight across Europe as low Rhine and Danube levels raise risks for supply chains and economic growth.
CNBC UK Exchange: Diageo’s turnaround test
The world’s biggest spirits company has since seen its share price more than halve as its fortunes have waned.
The stocks Goldman gives more than 100% upside — with one as high as 168%
Goldman Sachs gave two companies an upside of more than 100% in its latest ‘European Conviction’ stock picks list.
FAA says it is investigating Trump helicopter safety incident in Washington
FAA is investigating an air-traffic safety incident involving Marine One, the helicopter carrying President Trump.
India’s central bank keeps benchmark rates steady, cites ‘moderate’ core inflation
The Reserve Bank of India has kept interest rates unchanged amid creeping inflation.
GM, Chinese automaker extend joint venture for 20 years despite geopolitical tensions with U.S.
GM said the deal will focus on domestic sales of Buick and Cadillac models in China and exporting Chevrolet products built in China for non-U.S. markets.
SpaceX’s AI spending unnerves Wall Street despite promises of quick payoff
In addressing Wall Street for the first time since SpaceX’s IPO, executives tried to make the case that hefty AI investments are paying off within a year.
Iran, Oman say Strait of Hormuz talks in final stages, as Trump again teases a deal being close
Trump’s latest remarks signaling again that a deal with Iran to reopen the Hormuz Strait is close at hand drove oil prices lower and sent stocks soaring.
