Prices consumers pay for a broad range of goods and services rose in line with expectations for February, offering a final look at inflation pressures before an oil shock tied to the Iran war rattled the outlook. The consumer price index increased a seasonally adjusted 0.3% for the month, putting the 12-month inflation rate at…
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during the America Business Forum in Miami, Florida, US, on Thursday, Nov. 6, 2025. Eva Marie Uzcategui | Bloomberg | Getty Images JPMorgan Chase is reducing its exposure to the private credit industry by marking down the value of loans held by the bank as…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. If you’re a fan of commercial real estate, or Netflix’s “Owning Manhattan” (or both), check out Ryan Serhant’s sitdown with CNBC’s Diana Olick. Stock futures are around flat this morning. The three major indexes finished yesterday’s session little changed. Here…
ROME — Italy has bought a rare portrait by baroque painter Caravaggio for 30 million euros (about $35 million), one of the largest state investments ever for a single artwork, the country’s Culture Ministry said Tuesday. The portrait, painted around 1598 and attributed to Caravaggio in 1963, depicts Maffeo Barberini, a nobleman who later became…
Daikin Park (Houston) — One more win on Tuesday night would seal Pool B for the United States and send the team through to the quarterfinals, but it won’t come easy. And after holding on late Monday night to beat Mexico for the first time since 2006 and remain undefeated, Team USA won’t be taking…
Jensen Huang, chief executive officer of Nvidia Corp., speaks during the 2026 CES event in Las Vegas, Nevada, US, on Tuesday, Jan. 6, 2026. Siemens and Nvidia announced an expansion of their strategic partnership to develop industrial and physical AI solutions to bring AI-driven innovation to industrial workflow. Photographer: Bridget Bennett/Bloomberg via Getty Images Bloomberg…
Iran appoints Mojtaba Khamenei as its new supreme leader. Anadolu | Anadolu | Getty Images The U.S. achieved a quick victory when its first strikes on Iran killed Ayatollah Ali Khamenei, the country’s supreme leader for nearly 37 years. But news that the country had appointed Khamenei’s son, Mojtaba Khamenei, as his successor, along with…
Check out the companies making headlines before the bell. Oracle — Oracle shares jumped more than 9% after the cloud infrastructure company gave strong fiscal third quarter results and lifted its revenue guidance for fiscal 2027. Management lifted its fiscal 2027 revenue outlook up $1 billion to $90 billion. Analysts polled by LSEG sought $86.6…
Tech companies have been funnelling billions of dollars into AI infrastructure projects in the Middle East over the past few years, drawn in by cheap and readily available energy and land, alongside local government support. But the Iran war spilling over into neighbouring countries in the Middle East throws questions over the future of the…
Cal Raleigh insisted Tuesday he has no beef with Randy Arozarena even though his Seattle Mariners teammate lashed out with a vulgar rant after Raleigh left him hanging for a handshake at the World Baseball Classic. “I love Randy, I do,” Raleigh told reporters outside the USA’s dugout at Daikin Park, home of the Houston…
