Meta stock climbs nearly 3% on report of planned layoffs to offset AI spending
Meta is planning capital expenditure of up to $135 billion in AI-related costs in 2026, which raised investors’ fears around unsustainable spending.
U.S. is allowing Iranian oil tankers through Strait of Hormuz, says Bessent
The White House believes tanker traffic through the Strait of Hormuz will increase before Navy escorts are deployed, Treasury Secretary Scott Bessent said.
Trump-Xi China summit may be delayed if Trump wants to stay in Washington for Iran war: Bessent
Trump’s visit, scheduled for March 31-April 2, would be the first for a U.S. president since he went to the country in 2017.
‘We will remember’: Trump warns countries to help secure Strait of Hormuz as shipping stalls
Trump’s comments come after he called on several countries to send warships so as to secure the critical waterway
Oil’s war-driven volatility pulls in record retail money, fueling ‘meme-style’ trading
Net retail buying of oil ETFs hit a record $211 million on March 12, surpassing the previous peak seen during the market turmoil in May 2020, according to Vanda Research.
UniCredit to strengthen stake in Commerzbank to 30% laying groundwork for potential takeover
UniCredit launched a voluntary takeover offer for Commerzbank on Monday, drawing opposition from Commerzbank and the German government.
Government bonds are having their safe haven status tested as the Iran war drags on. Here’s why
Developed-market sovereign debt is often seen as a stable investment — but the conflict in the Middle East has changed the picture.
Dubai International Airport resumes ‘limited’ flights after drone attack
Dubai International Airport resumed a limited flight schedule Monday morning after a drone attack hit a fuel depot, causing a fire.
Ships stranded at Hormuz, energy crunch at home: How India’s U.S.-Israel tilt is testing ties with Iran
India’s U.S.-Israel tilt is costing it leverage with Iran just as its ships struggle to get safe passage through the Strait of Hormuz.
CNBC Daily Open: Strait talk from Trump
President Donald Trump voices frustration at the lack of help from allies in supporting tankers through the Strait of Hormuz.
