Private credit’s cracks open door for Wall Street banks’ comeback: ‘The tug of war is just starting’
Wall Street banks may finally be getting a long-awaited opening to claw back market share from private credit lenders.
Oil prices close at highest level since 2022 as Iran negotiations fail to ease supply fears
Oil prices traded higher after U.S. President Donald Trump said Iran had allowed 10 oil tankers to pass through the Strait of Hormuz.
China industrial profits surge 15% to start year, but oil price shock threatens outlook
Soaring energy prices are expected to impact China’s economy less than most other countries, due to its massive oil reserves and alternative energy sources.
CNBC Daily Open: Could the Strait of Hormuz be close to reopening? Markets cast doubt
The impacts from the Iran war continue to way on global supply chains as economists raise their expectations for a potential recession in the U.S.
Asia markets trade mixed as murky U.S.-Iran peace deal prospects keep investors on edge
Asia-Pacific markets traded mixed as the prospect of a peace deal in the Middle East remained murky amid contradictory messaging from the U.S. and Iran.
Dow tumbles almost 800 points and enters correction, S&P 500 posts fifth straight losing week: Live updates
Wall Street is coming off a losing session in which higher oil prices and spiking Treasury yields weighed on equities.
David Sacks says his time as Trump’s crypto and AI czar has ended
The venture capitalist said he will still be a part of the White House’s Technology committee and will help push Trump’s AI plan forward.
Netflix raises prices across all streaming plans
The price hike comes as Netflix has been investing heavily in its content, including new ventures into the live events space and launching video podcasts.
Meta boosts investment in West Texas AI data center by over sixfold to $10 billion
Meta is increasing investment at a data center in El Paso, Texas, to $10 billion from $1.5 billion, as the company ramps up spending on AI infrastructure.
Trump says Iran let 10 oil ships through Strait of Hormuz as ‘present’ to U.S.
Trump said the U.S has “very substantial talks going on with respect to Iran,” though Tehran has denied that direct talks have taken place.
