business news
Trump administration directs Sable Offshore to restore Santa Ynez oil unit
U.S. Department of Energy Secretary Chris Wright and U.S. President Donald Trump look on during an event to sign an executive order at the White House, in Washington, D.C., U.S., Oct. 6, 2025. Kent Nishimura | Reuters The Trump administration on Friday directed Sable Offshore to restore oil drilling operations off the southern California coast, the U.S. Energy […]
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Trump says U.S. ‘obliterated’ military targets on Iran’s Kharg Island but didn’t ‘wipe out’ oil infrastructure
A satellite image shows an oil terminal at Kharg Island, Iran, February 25, 2026. 2026 Planet Labs Pbc | Via Reuters U.S. President Donald Trump said on Friday that he directed the U.S. Central Command to carry out a bombing raid, hitting military targets on Iran’s Kharg Island. “Moments ago, at my direction, the United […]
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Uber ex-CEO Kalanick rebrands latest venture Atoms, expands into mining and transport
Travis Kalanick, chief executive officer of City Storage Systems (CSS) during the Future Investment Initiative (FII) Institute Priority conference in Miami, Florida, US, on Friday, Feb. 21, 2025. Zak Bennett | Bloomberg | Getty Images Uber founder and ex-CEO Travis Kalanick has renamed his latest venture as Atoms and said on Friday that he’s expanding […]
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AI agents could easily send college grad unemployment over 30%, ServiceNow CEO says
Artificial intelligence adoption could lead to significant job struggles for entry-level workers as companies boost productivity, according to ServiceNow CEO Bill McDermott. McDermott told “Squawk on the Street” on Friday that unemployment for new college graduates “could easily go into the mid-30s in the next couple of years.” “So much of the work is going […]
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NFL discussing media deal with Paramount that could mean CBS pays an extra $1 billion or more
Roger Goodell, NFL Commissioner with Anthony Capuano, Marriott International CEO, CNBC CEO Council Member, speaking at the CNBC CEO Council in Arizona on May 19th, 2025. Chris Coduto | CNBC The NFL and Paramount Skydance‘s renewal talks on a deal to keep the league’s Sunday games on CBS are beginning to take shape, CNBC has […]
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Mortgage rates surge to highest since September, hitting spring housing market
In an aerial view, two-story single family homes line the streets of neighborhood on Jan. 13, 2026 in Thousand Oaks, California. Kevin Carter | Getty Images Mortgage rates surged to their highest level since September on Friday as bond yields moved higher due to the war in Iran. The average rate on the 30-year fixed […]
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Judge blocks subpoenas in criminal probe of Fed Chair Jerome Powell
Federal Reserve Chair Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee at the Federal Reserve on October 29, 2025 in Washington, DC. Alex Wong | Getty Images News | Getty Images A federal judge has blocked subpoenas issued to the Federal Reserve as part of a criminal […]
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Nvidia’s GTC will mark an AI chip pivot. Here’s why the CPU is taking center stage
Nvidia showed CNBC its latest Vera CPU at its Santa Clara, California, headquarters on Feb. 13, 2026. Marc Ganley | CNBC Nvidia‘s graphics processing units have been the hottest-selling chips for years, but the sudden advent of agentic artificial intelligence has brought on a renaissance for its more modest host chip, the central processing unit. […]
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Elon Musk says xAI must be ‘rebuilt’ as co-founder exodus continues, SpaceX IPO awaits
Elon Musk, chief executive officer of Tesla Inc., during the US-Saudi Investment Forum at the Kennedy Center in Washington, DC, US, on Wednesday, Nov. 19, 2025. Bloomberg | Bloomberg | Getty Images Less than six weeks after Elon Musk merged SpaceX and xAI in a deal he valued at $1.25 trillion, the world’s richest person […]
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U.S. companies should give Trump tariff refunds to workers as bonuses or raises: Greer
Jamieson Greer, US trade representative, during a Bloomberg Television interview outside the White House in Washington, DC, US, on Friday, Dec. 19, 2025. Stefani Reynolds | Bloomberg | Getty Images “The whole reason the president imposed these tariffs was to try to reshore, affect our massive imbalance in trade that we’ve experienced over many years […]
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