Day: April 30, 2026
Trump said his blockade would cause Iran’s oil industry to ‘explode’ this week. Why that won’t happen
Locked in a standoff with Iran that will break only when economic pain is no longer tolerable, President Donald Trump may have to maintain his naval blockade against Iran for weeks — forcing serious economic consequences on the world. Trump said Wednesday that he will keep the U.S. blockade against Iran in place until it […]
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Big Tech earnings, Powell’s decision, Pershing Square IPO and more in Morning Squawk
1. The tech TLDR The Meta corporate logo is featured at the Fira Gran Via booth, highlighting the company’s ”AI-First” hardware ecosystem during the Mobile World Congress. Joan Cros | Nurphoto | Getty Images Four of the Magnificent Seven tech companies released their highly-watched earnings reports last night, largely beating expectations across the board. Still, […]
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Lawyers to the wealthy warn that AI legal advice comes with serious risks
Displeased couple having problems during a meeting with their agent in the office. Skynesher | E+ | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Lawyer Tasha Dickinson said […]
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Stocks making the biggest moves premarket: Meta, Eli Lilly, Caterpillar, Amazon & more
Check out the companies making the biggest moves in premarket trading: Meta Platforms — The Facebook parent dropped 9% after the company hiked its full-year capital expenditures guidance to a range of $125 billion to $145 billion, raising concern over its AI spending. That forecast overshadowed a better-than-expected Q1 report. Eli Lilly — The Zepbound […]
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Bank of England keeps rates on hold at 3.75% as Iran war shakes outlook
The Bank of England (BOE) in the City of London, UK, on Monday, Dec. 15, 2025. Bloomberg | Bloomberg | Getty Images The Bank of England voted to keep its key interest rate on hold at 3.75% on Thursday, as widely expected by economists, as the Iran war continues to pose a dilemma for policymakers. […]
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Here’s why surging oil prices may not derail the consumer trade
ETF Edge Here’s why surging oil prices may not derail the consumer trade Published Thu, Apr 30 20267:01 AM EDTUpdated 21 Min Ago Josh Romero@in/joshdromero/ Stephanie Landsman@stephlandsman WATCH LIVE Source
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Eli Lilly blows past quarterly estimates, hikes outlook as Zepbound and Mounjaro sales skyrocket
David Ricks, chief executive officer of Eli Lilly & Co., at the Semafor World Economy Summit during the International Monetary Fund (IMF) and World Bank Spring meetings in Washington, DC, US, on Friday, April 17, 2026. Aaron Schwartz | Bloomberg | Getty Images Eli Lilly on Thursday reported first-quarter earnings and revenue that blew past […]
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Markets are still underpricing Iran war risks, investors warn as oil fluctuates around four-year high
Renewed fears about the trajectory of the U.S.-Iran war sent global benchmark Brent crude futures to a four-year high and rattled equity markets on Thursday — but analysts say investors are still pricing for peace and underestimating potential future risk. The latest step higher in oil prices came after Axios reported that U.S. Central Command […]
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Euro zone inflation jumps to 3% as economic growth almost stalls
Inflation in the euro zone eased in the last two months of 2022 but the economic indicator is still well-above the 2% mandate of the European Central Bank. Jeff Greenberg | Universal Images Group | Getty Images The euro zone economy expanded by a meager 0.1% in the first quarter of the year, preliminary data […]
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Democrats urge CFTC to rein in prediction markets sports betting, insider trading
Michael Selig, President Donald Trump’s nominee to serve as Commodity Futures Trading Commission chairman, testifies in a Senate Agriculture Committee hearing on his nomination on Capitol Hill, Nov. 19, 2025. Jonathan Ernst | Reuters A group of Democratic lawmakers is urging the Commodity Futures Trading Commission to issue a rule that would aim to rein-in […]
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