President Donald Trump has sparked yet another massive reversal in global markets. Trump on Monday posted on Truth Social that the U.S. and Iran held “productive” talks over the weekend. This came after Trump gave Tehran an ultimatum: Open the Strait of Hormuz, or the U.S. will attack key energy infrastructure in Iran. The post…
NextEra Energy is working with Exxon Mobil, the country’s largest oil company, to build a large data center site powered by natural gas for a potential tech customer, CEO John Ketchum told investors Monday The 1.2 gigawatt power plant would combine gas generation with Exxon’s carbon capture technology to reduce emissions, according to NextEra’s presentation…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. President Donald Trump has made his decision on who he’ll nominate to be the Federal Reserve’s next chair, and it turns out that it was one of the “Kevins” after all. Stock futures are lower this morning. The S&P 500…
CNBC’s Jim Cramer said Monday that Amazon ‘s AI-powered retail business is a vertical that “can’t be challenged,” heading into the long Thanksgiving shopping weekend. “I don’t see OpenAI challenging Amazon retail,” Cramer said on ” Squawk on the Street .” “They’re not going to stop these guys when it comes to retail.” While OpenAI’s…
Minneapolis Federal Reserve President Neel Kashkari said Monday that artificial intelligence is causing big companies to slow hiring, and that many businesses are seeing “real productivity gains” because of the technology. Kashkari said companies have told him that AI is affecting their hiring plans, and he expects to see continued low hiring and low firing in…
Eric Williams NFL Reporter All Pete Carroll does is win. At 73 years and 357 days old, Carroll became the oldest head coach in NFL history to coach a game, leading the Las Vegas Raiders to a 20-13 victory on the road against the New England Patriots. Carroll, who turns 74 on Sept. 15, will get…
TOKYO — The Japanese and South Korean leaders agreed to deepen cooperation between their countries before they let loose with their own surprise cultural exchange in a surprise jam session drumming to K-pop hits. The musical performance between Japanese Prime Minister Sanae Takaichi and South Korean President Lee Jae Myung followed Tuesday’s summit in Nara,…
Smoke and flames rise from an energy installation in the Gulf emirate of Fujairah on March 14, 2026. (Photo by AFP via Getty Images) / – | Afp | Getty Images Oil loading operations in the port of Fujairah in the United Arab Emirates have resumed following a drone strike and fire, according to media…
Investor Matt Shumer ignited a firestorm on social media this week with an essay that warned about the disruptive potential of AI. More than 80 million views later, he said it “wasn’t meant to scare people.” “I want to be very clear about this, the article wasn’t meant to scare people in this way,” Shumer…
After Wednesday’s momentum stock slide, Wall Street is racing to figure out if there’s a simple rotation at play or if the bull market is breaking down. The iShares MSCI USA Momentum Factor ETF (MTUM) slid 3.7% on Wednesday, marking its worst day since the tariff-induced market panic in early April. More than 1.8 million…
