How the AI Investment Craze Is Keeping the Global Economy Afloat
Growth is holding up despite renewed tensions over trade, geopolitics and bond markets, though the AI boom's outsize role is a growing concern
Market News
Trump ratchets up rhetoric against Beijing as U.S.-China officials meet for Xi's Washington visit
U.S. President Donald Trump told reporters Thursday local time he could be sanctioning Chinese banks. U.S. and Chinese officials are proceeding with preparations for Chinese President Xi Jinping's trip to the U.S. next month.
Why the Drugmaker Behind a Pancreatic Cancer Breakthrough Stayed Independent
Revolution Medicines attracted takeover interest but decided to go it alone. This week's FDA approval of its pancreatic cancer pill is the payoff.
Oil on track for weekly loss even as Iran tensions simmer
Oil prices fell on Friday and are on track to snap a two-week winning streak, despite settling higher in the previous session following a report that U.S. President Donald Trump is not interested in returning to previous deal terms with Iran.
How DeepSeek founder's quant empire is taking on China's choppy IPO boom
DeepSeek founder Liang Wenfeng is best known for the AI model that gave China its "ChatGPT moment." Less visible is the quant empire that bankrolled the AI lab.
Nikkei Rises 0.4%, Led by IT Services Stocks
Japanese stocks were higher following overnight gains in U.S. technology shares.
Asian Currencies Consolidate Ahead of Fed Warsh's Speech
Asian currencies consolidated against the dollar ahead of Fed Chairman Warsh's speech at Jackson Hole later.
Trump Administration in Advanced Talks for Stake in Venezuelan Oil Fields
The deal would give the U.S. a direct stake in 17 of Venezuela's most promising oil-and-gas fields that house some 90 billion barrels of crude oil reserves.
U.K. Business Confidence Jumps Despite Lingering Energy Shock
Oil and gas prices remained elevated amid uncertainty over the Middle East conflict, but firms appear increasingly confident that strong consumer demand and a resilient economy can offset the pressure.
U.S. Servicemember, KPMG Employee Are Targets of Prediction Markets Crackdown
Charges could come this fall as part of a new batch of insider trading cases.
Market "Hyperventilating" Over Economy? Gauging Fears of Interest Rates, Treasury
Joe Lavorgna, chief economist at SMBC Nikko Securities America and former Treasury advisor under President Trump, believes investors are "hyperventilating" over bond moves and interest rates. He believes there's no reason to panic unless interest rates show a strong, disorderly move.
Market Close: Stocks Higher, Warsh Speech Ahead, Travel Demand Defies High Prices • 8/27/26
CNBC Business News Update with Jessica Ettinger - Market & Business News with expert analysis from top names in money. Visit CNBC.com for more.
US nears deal to secure long-term access to Venezuela's oil reserves, sources say
Trump administration officials are working on a deal to secure the United States, which is overseeing Venezuela's oil exports, long-term access to a portion of the South American country's crude reserves, sources with knowledge of the negotiations said on Thursday.
Any US trade deal must ensure robust Canadian auto sector, ambassador says
Canada cannot accept a trade deal with the U.S. unless it ensures the survival of a robust Canadian auto assembly and parts industry, Canada's ambassador to Washington said on Thursday, giving no indication when talks may resume.
Solstice, Element terminate $14.5 billion merger deal
Honeywell spinoff Solstice is shelving its $14.5 billion deal to buy Element Solutions , the companies said on Thursday, scrapping a merger that would have created a major supplier of chemicals for semiconductor manufacturing.
Cleveland Fed President Beth Hammack says she sees a labor market 'broadly in balance'
Cleveland Fed President Beth Hammack joins Edward Lawrence to discuss Federal Reserve monetary policy, inflation, and the labor market. The panel reacts to Hammack's comments on rate hikes.
Market Will Be Disappointed By Warsh: Gerrity
Kelley Gerrity, fixed income client portfolio manager at Morgan Stanley Investment Management, joins Scarlet Fu on "Bloomberg Real Yield." They discuss Gerrity's expectations ahead of Fed chair Kevin Warsh's speech tomorrow at Jackson Hole.
Opinion | The Federal Housing Administration is Fine
United Wholesale Mortgage's performance shouldn't be conflated with the FHA's program-wide performance.
Fmr. Cleveland Fed Pres.: Treasury's bond intervention 'complicates things a bit' for Fed's Warsh
Loretta Mester, fmr. Cleveland Fed President, joins 'Closing Bell Overtime' to talk what to expect from Fed Chair Warsh's Jackson Hole speech.
Good Good Golf ad fallout deepens as Callaway ends partnership, retailers pull gear and Golf Channel delays show
A controversial ad from Callaway Golf that was made by Good Good Golf has caused a firestorm online for showing a male player shoving a female golfer to the ground after she attempts to use his driver.
