Breaking News: Markets
China and India to face supply jolt as U.S. targets Russia’s oil giants
General view of Orsknefteorgsintez oil refinery in the city of Orsk, Orenburg region, Russia Aug. 28, 2025. Stringer | Reuters U.S. decision to sanction Russia’s two largest oil companies threatens to disrupt the energy lifeline linking Moscow to its biggest customers in Asia, but without causing an immediate supply shock, industry experts told CNBC. The […]
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Bank of Korea holds rate at 2.5% as tighter property rules kick in
Bank of Korea warned there’s a chance of increased volatility following more rate hikes from the Fed, following U.S. Federal Reserve Chair Jay Powell’s speech in Jackson Hole. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images South Korea’s central bank kept its benchmark interest rate unchanged at 2.5% Thursday, extending a […]
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Asia-Pacific markets fall, tracking Wall Street declines on concerns over U.S.-China trade relations
Asia-Pacific markets fell Thursday, tracking Wall Street’s declines on concerns about U.S.-China trade relations. Trade fears resurfaced after Reuters reported Wednesday stateside that the Trump administration is considering curbs on exports to China that are made with U.S. software, citing a U.S. official and three people briefed by U.S. authorities. The sources said that the plan, […]
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Stocks making the biggest moves after hours: IBM, Tesla, Moderna and more
Check out the companies making headlines in after-hours trading. Southwest Airlines — Shares of the airline gained 2% on the back of a surprise quarterly profit . Southwest also said that demand and fares are both improving. The company reported adjusted earnings of 11 cents per share, while analysts polled by LSEG had expected a […]
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Western Alliance CEO says alleged loan fraud is ‘incredibly frustrating’ but isolated issue
Key Points Western Alliance is one of the regional banks facing concerns over loans made to non-bank financial players. The bank’s CEO said he believes the alleged loan fraud that sparked a selloff last week is an isolated case. The Cantor Group episode forced Western Alliance to review other loans in its note finance portfolio, […]
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Amazon’s switch to robots over human warehouse employees will save it up to $4 billion a year, Morgan Stanley says
Amazon’s robotics ambitions can lead to multibillion-dollar cost cuts for the company, according to Morgan Stanley. Amazon plans to replace 600,000 jobs with robots in the coming years and, ultimately, is working towards its goal of automating 75% of its operations, The New York Times reported on Monday citing several internal strategy documents. The e-commerce […]
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The biggest crypto wipeout was led not by bitcoin, but much smaller tokens. Here’s what happened
Chesnot | Getty Images The crypto industry recently had one of its worst days ever. And while bitcoin and ether holders seem to have put some of the carnage behind them, traders of many lesser-known tokens are still feeling a lot of pain. More than 1.6 million traders suffered a combined $19.37 billion erasure of […]
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Trump White House East Wing ballroom project got $22M boost from YouTube legal settlement
Demolition of a section of the East Wing of the White House, during construction on the new ballroom extension of the White House in Washington, DC, US, on Tuesday, Oct. 21, 2025. Aaron Schartz | Bloomberg | Getty Images Tech giant Alphabet is contributing $22 million to help build the White House ballroom under a […]
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Stocks making the biggest moves midday: Winnebago, Texas Instruments, Netflix, Beyond Meat & more
Check out the companies making the biggest moves midday: Vicor — The maker of modular power components soared 25% after third-quarter earnings per share more than doubled the Wall Street consensus. Travel + Leisure — Shares rose nearly 12% after the travel publication reported strong results for the fiscal third quarter. The company earned $1.80 […]
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Beyond Meat shares surge for a third day in a row as meme traders jump on board
Key Points Beyond Meat shares are soaring for a third straight day, surging 111% at one point in the premarket Wednesday. The stock was above $6.43 on Wednesday, after closing Tuesday at $3.62. Roundhill Investments, which develops thematic exchange traded funds, on Monday added BYND to its Roundhill Meme Stock ETF. The ETF addition seemed […]
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