The Iran war is hammering market sentiment in Europe, and investors are increasingly gloomy about the prospects for the continent’s growth, according to Bank of America ‘s latest survey of European fund managers. They’re slashing exposure to eurozone-area stocks amid fears of flatlining growth and a stagflation shock resulting from the ongoing conflict , per…
The opening First Four contests of the 2026 Men’s College Basketball Tournament were played on Tuesday night, officially kicking off March Madness and bringing us closer to a complete picture of the round of 64. Howard earns first-ever March Madness victory Bryce Harris had 19 points and 14 rebounds, and he sank a turnaround jumper…
The Meta Horizon Worlds is being displayed on a smartphone screen, and the Meta logo is in the background in Chania, Greece, on August 9, 2024. Nikolas Kokovlis | Nurphoto | Getty Images Meta announced Tuesday that it is shutting down Horizon Worlds, the virtual reality social network for Quest VR headsets that was once…
A petrol pump on a Shell forecourt on March 9, 2026 in London, England. Dan Kitwood | Getty Images News | Getty Images Welcome to this week’s CNBC U.K. Exchange. Few issues are more troublesome for the British government than the cost of filling a car. No government has dared overturn a freeze in fuel duty,…
Construction work continues at the Marriner S. Eccles Federal Reserve building in Washington, DC, on Dec. 30, 2025. Brendan Smialowski | AFP | Getty Images A hotter-than-expected wholesale inflation reading for February had traders contemplating the possibility that the Federal Reserve won’t be lowering interest rates at all this year. Following a Bureau of Labor…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. And happy first day on the job to Josh D’Amaro, who today replaces Bob Iger as Disney’s CEO. CNBC’s Lillian Rizzo has more on what’s in store for the Mouse House’s new leader. Stock futures are rising this morning. All…
When it comes to March Madness first-round odds, the public betting masses love to jump on underdog moneylines, pulling for some outright upsets. Which No. 12 seed will beat a No. 5 seed? Will there be an even bigger upset than that? Perhaps a 13 or a 14 beating a 4 or a 3? Or…
President Donald Trump issued a 60-day waiver of a longstanding U.S. shipping law in an attempt to stabilize oil markets amid the Iran war, the White House confirmed to CNBC on Wednesday. The temporary suspension of the Jones Act “will allow vital resources like oil, natural gas, fertilizer, and coal to flow freely to U.S….
View of the interior of a furnace in an aluminium foundry. Monty Rakusen | via Getty Images The U.S. and Israel’s war with Iran has upended the supply of aluminum in the Middle East, sending prices of the base metal skyrocketing. While aluminum may be the most abundant metal on earth, it is crucial to…
Demand for new AI data centers is surging, but they can’t build themselves. Big Tech is funneling billions into building out these specialized facilities, with the four hyperscalers, Alphabet, Microsoft, Meta, and Amazon, committing nearly $700 billion in combined capex spending this year to fund these developments. Amazon said last month that it’s committing $12…
