Month: March 2026
Private credit cracks open door for Wall Street banks’ comeback: ‘The tug of war is just starting’
Wall Street, Manhattan, New York. Andrey Denisyuk | Moment | Getty Images Wall Street banks may finally be getting a long-awaited opening to claw back market share from private credit lenders. After a decade in which private credit lenders grew rapidly and took over a large share of financing for leveraged buyouts, signs of strain […]
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Oil prices falls as Trump says Iran let 10 tankers through Hormuz as a ‘present’
Dwayne Schnell | 500px Plus | Getty Images Oil prices fell on Friday after President Donald Trump said Iran had allowed 10 oil tankers to pass through the Strait of Hormuz this week as a “present” to the United States, signaling a tentative easing of tensions in the critical shipping chokepoint. International benchmark Brent crude […]
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China industrial profits surge 15% to start year, but oil price shock threatens outlook
An oil tanker unloads crude oil at a terminal at the port in Qingdao, in China’s eastern Shandong province on March 11, 2026. – | Afp | Getty Images Chinese industrial firms saw their profits surge in the first two months of this year as officials pressed ahead with efforts to contain the fallout from […]
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CNBC Daily Open: Could the Strait of Hormuz be close to reopening? Markets cast doubt
Illustration of the Strait of Hormuz on a globe under a magnifying glass. Cfoto | Future Publishing | Getty Images Hello, this is Dylan Butts writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open. Speaking on the economic fallout from the Iran war in a Cabinet meeting Thursday, President Donald Trump […]
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Asia markets fall, tracking losses on Wall Street as Trump extends Iran strike deadline
Pedestrians walk past the Exchange Square complex, which houses the Hong Kong Stock Exchange, in Hong Kong, China, on Tuesday, March 23, 2021. Paul Yeung | Bloomberg via Getty Images Asia-Pacific markets fell Friday following a volatile session on Wall Street overnight, as investors continued to parse the contradictory messaging on the Middle East from […]
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Anthropic wins preliminary injunction in DOD fight as judge cites ‘First Amendment retaliation’
CEO and co-founder of Anthropic Dario Amodei speak onstage during the 2025 New York Times Dealbook Summit at Jazz at Lincoln Center on December 03, 2025 in New York City. Michael M. Santiago | Getty Images A federal judge in San Francisco granted Anthropic’s request for a preliminary injunction in its lawsuit against the Trump […]
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American Airlines in talks with Starlink and Amazon for Wi-Fi upgrade, weighs return of seatback screens
An seatback on an American Airlines Boeing 737. Leslie Josephs/CNBC Bringing screens back to American Airlines‘ narrow-body planes is under “serious consideration” and a decision could be made as early as next month, according to a person familiar with the matter. It would be part of a major revamp of American’s in-flight entertainment and Wi-Fi […]
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OpenAI ads pilot tops $100 million in annualized revenue in under 2 months
Sam Altman, CEO of OpenAI, is pictured on Sept. 25, 2025, in Berlin. Florian Gaertner | Photothek | Getty Images OpenAI’s nascent ads business has surpassed $100 million in annual recurring revenue less than two months after launching its pilot in the U.S., according to a spokesperson. The artificial intelligence startup said in January that […]
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Elon Musk’s Boring Co. tunnels aren’t wanted by most Nashville residents
A modified Tesla Model X drives in the tunnel entrance before an unveiling event for the Boring Co. Hawthorne test tunnel in Hawthorne, California, December 18, 2018. Robyn Beck | Pool | Reuters When Elon Musk’s Boring Company announced plans in July to build 20 miles of tunnels in Nashville to carry passengers to and from downtown […]
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Sen. Warren rips Federal Reserve chair pick Kevin Warsh: ‘You have learned nothing from your failures’
Senator Elizabeth Warren, a Democrat from Massachusetts and ranking member of the Senate Banking, Housing, and Urban Affairs Committee, during a hearing in Washington, DC, US, on Thursday, March 26, 2026. Aaron Schwartz | Bloomberg | Getty Images Sen. Elizabeth Warren sent a blistering letter to Federal Reserve chair nominee Kevin Warsh on Thursday, predicting […]
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