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…
Sen. Markwayne Mullin, R-Okla., arrives to the U.S. Capitol after President Donald Trump selected him to be Department of Homeland Security secretary to replace Kristi Noem on Thursday, March 5, 2026. Tom Williams | Cq-roll Call, Inc. | Getty Images The Senate on Wednesday will begin its consideration of Sen. Markwayne Mullin, R-Okla., to lead…
U.S. national team stalwart Weston McKennie is one of three global soccer stars who will feature in “Destination World Cup,” a forthcoming original docuseries from streaming service Tubi. McKennie, who also stars for 36-time Italian champion Juventus, joins Marc Cucurella of defending European champions Spain and Premier League forward Harry Wilson of Wales. Weston McKennie…
Iran’s then incumbent Minister of Intelligence Esmail Khatib (C) sits with Iran’s President Masoud Pezeshkian (C-R) before a speech to members of parliament in the capital Tehran, on August 17, 2024, as he defends his cabinet selection. Atta Kenare | Afp | Getty Images Israel’s Defense Forces said Wednesday that Iran’s Intelligence Minister Esmail Khatib…
Wholesale prices rose sharply in February, providing another sign that inflation continues to percolate even aside from rising energy prices. The producer price index, a measure of pipeline costs that producers receive for their products, increased a seasonally adjusted 0.7% on the month, the Bureau of Labor Statistics reported Wednesday. Excluding volatile food and energy…
Sanjay Mehrotra, president and chief executive officer of Micron Technology Inc., during a groundbreaking ceremony for the new Micron Technology Inc. semiconductor manufacturing facility in Clay, New York, US, on Friday, Jan. 16, 2026. Heather Ainsworth | Bloomberg | Getty Images Micron saw its stock triple in 2025, and it’s up nearly 62% so far…
