Month: March 2026
Watch Interior Secretary Burgum address oil industry as Trump hints at negotiated end to Iran war
[This stream is slated to begin at 9:40 a.m. ET] HOUSTON — Interior Secretary Doug Burgum will address oil and gas executives on Wednesday, as President Donald Trump has suggested a possible negotiated end to the U.S. war against Iran. Burgum will speak at S&P Global’s CERAWeek energy conference in Houston, Texas. The event draws […]
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New Mexico seeking changes to Meta’s platform after jury finds company liable
New Mexico is continuing to seek changes from Meta following a jury’s decision to hold the company liable for failing to safeguard children on its platforms, Attorney General Raúl Torrez told CNBC on Wednesday. “We’re going to be asking for injunctive relief,” Torrez said on CNBC’s “Squawk Box” about the next phase of the trial […]
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The beginning of the end for petrodollar dominance? Why Deutsche sees opportunity for Beijing
The economic fallout of the Iran war could mark the beginning of the end for petrodollar dominance, according to one Deutsche strategist. The U.S. dollar retains its status as the world’s reserve currency as most oil is priced and invoiced in the greenback. But the Iran conflict could see that dominance eroded if countries decide […]
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Treasury yields tumble as Trump talks up Iran ceasefire plan
U.S. Treasury yields fell sharply on Wednesday as investors weighed reports that a plan to end the Middle East conflict has been put forth. The 10-year Treasury yield — the benchmark for U.S. government borrowing — was more than 7 basis points lower at 4.318%. The yield on the 2-year Treasury note, which are more sensitive […]
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JLL CEO says growth is now uncertain in the Middle East
Key Points JLL has a major footprint in the Middle East, managing and leasing properties in Dubai and Abu Dhabi in the United Arab Emirates and in Riyadh, Saudi Arabia. CEO Christian Ulbrich said the business impacts of the Iran war depended on how long the conflict lasted. “It’s a tragedy from a point that […]
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Former SEC chair Jay Clayton says regulators would scrutinize trading ahead of Trump post
Key Points Volume in S&P 500 and oil futures spiked on Monday roughly 15 minutes before President Donald Trump said the U.S. and Iran held talks over the weekend and that strikes on Iranian infrastructure would be halted. “Any move like that in advance of any announcement, the regulators are going to look at,” Jay […]
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Prediction markets’ new insider-trading restrictions aren’t enough, bipartisan senators say
A pair of bipartisan senators on Wednesday said they’re keeping their push to ban sports prediction market contracts, despite Kalshi and Polymarket announcing new insider-trading restrictions on their platforms. “It’s got to be more than an aspirational statement by these companies,” Sen. Adam Schiff, D-Calif., told CNBC’s “Squawk Box” when asked about those platforms’ self-imposed […]
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Hugo Barra’s return to Meta 5 years after exit underscores Zuckerberg’s AI urgency
Hugo Barr, formerly VP of VR at Facebook, has returned to Meta Money Sharma | AFP | Getty Images During Hugo Barra’s first stint at Meta — still known at the time as Facebook — he was a top executive in the virtual reality business. In the nearly five years he’s been gone, Meta’s obsession […]
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Iran won’t accept U.S. effort at ceasefire in war, state media reports
Mojtaba Khamenei visits Hezbollah’s office in Tehran, Iran, October 1, 2024. Office Of The Iranian Supreme Le | Via Reuters Iran will not accept a ceasefire offer from the United States, Iranian state media reported Wednesday. The FARS News Agency state media outlet, citing what it called an informed source, said there have been increased […]
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Legal AI startup Harvey valued at $11 billion in funding round, as VCs spread bets beyond model companies
Harvey co-founders Winston Weinberg and Gabe Pereyra. Courtesy of Harvey With OpenAI and Anthropic soaring to a combined valuation of more than $1 trillion, some in the artificial intelligence industry fear that the two big model companies are sucking up so much of the value that there won’t be much left for other startups. Harvey […]
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