Year: 2026
Oracle cutting thousands in latest layoff round as company continues to ramp AI spending
A trader works as a screen shows the logo and trading information for Oracle on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 9, 2026. Brendan McDermid | Reuters Software maker Oracle has started telling employees that it’s conducting a round of layoffs, two people familiar with the […]
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While low-income consumers struggle with rising gas prices, higher earners grow nervous as markets fall
Higher oil prices due to the U.S.-Iran war are straining an already strapped lower-income consumer . But as equities fall, there’s a warning sign that higher earners are also starting to feel the heat. Internal data from Bank of America on credit and debit card spending revealed that from the start of the war through […]
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Lilly to spend up to $7.8 billion to acquire Centessa, a maker of experimental sleep disorder drugs
Eli Lilly Chair and CEO Dave Ricks speaks during a press conference in Houston, Texas, Sept. 23, 2025. Antranik Tavitian | Reuters Eli Lilly has agreed to pay up to $7.8 billion to acquire Centessa Pharmaceuticals and its experimental drug for excessive daytime sleepiness, the company said Tuesday. Centessa is one of several companies working […]
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‘Project Hail Mary’ is the box office proof point Amazon MGM has been waiting for
“Project Hail Mary” is setting records for Amazon MGM and lighting the path for a box-office revitalization. The science fiction flick, starring Ryan Gosling, has tallied more than $300 million globally since its theatrical opening two weeks ago. That marks the best performance for an Amazon MGM film ever. “The runaway success of ‘Project Hail […]
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Unilever’s $16 billion move shows a shift is happening in consumer products
On any given day, 2.5 billion people use Unilever products that span 400 brands. That success has created a huge target on the company’s back as the sustainability movement gains more traction with consumers shunning plastic pollution. Sajjad Hussain | AFP | Getty Images Unilever’s plan to merge its food business with spice maker McCormick […]
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Treasury yields fall as traders rethink Fed rate hikes after Powell comments
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, US, on Friday, March 27, 2026. Michael Nagle | Bloomberg | Getty Images U.S. Treasury yields edged lower on Tuesday morning, as investors reassessed the outlook for Federal Reserve interest rates and continued to monitor developments in the Middle East. […]
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Warren Buffett says he sold Apple too soon and would buy more of it, though not in this market
Key Points Warren Buffett said he sold Apple too soon and would buy more of it, though not in the current market. “It’s not impossible that Apple would get to a price, we would buy a lot of it,” Buffett told CNBC’s Becky Quick. “But not in this market.” The billionaire investor also announced he’s […]
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Warren Buffett says he’s still making calls on investments at Berkshire, flags ‘tiny’ new buy
Key Points Warren Buffett told CNBC’s Becky Quick that he remains closely involved in investment decisions at Berkshire Hathaway even after stepping down as chief executive. The 95-year-old investor said he recently made a “tiny” new purchase. Buffett said he speaks with Mark Millard, Berkshire’s director of financial assets, before the opening bell to discuss […]
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Stocks, bonds and commodities: How global markets have traded the Iran war
A trader works on the floor of the New York Stock Exchange during morning trading on March 25, 2026 in New York City. Michael M. Santiago | Getty Images Stocks, bonds, currencies and commodities have all been gripped by volatility over the course of the past month, with many assets seeing wild swings and major […]
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Epstein files: Buffett says he hasn’t talked to Bill Gates ‘since the whole thing unveiled’
Warren Buffett speaking with Becky Quick on CNBC’s Squawk Box from Omaha, NE on March 31st, 2026. Gerard Miller | CNBC Warren Buffett said on Tuesday that he has not spoken to Bill Gates “since the whole thing” with the Jeffrey Epstein files “was unveiled.” “I haven’t talked to him at all since the whole […]
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