business news
How the attack on Iran could impact the global oil market and economy
The joint U.S. and Israeli attack on OPEC member Iran risks a major oil supply disruption in the Middle East that, in a worst-case scenario, could trigger a global economic recession. Follow CNBC’s live coverage of the U.S.-Israel strikes in Iran Iran is the fourth-largest oil producer in OPEC at just over 3 million barrels […]
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Anthropic’s Claude hits No. 2 on Apple’s top free apps list after Pentagon rejection
In this illustration, the Claude AI app is seen in the app store on a phone on February 16, 2026 in New York City. According to reports from the Wall Street Journal, the Defense Department used Anthropic’s Claude Ai, via its Palantir contract, to help with the attack on Venezuela and capture former President Nicolás […]
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3 themes that drove Wall Street’s wild week and the new U.S.-Iran conflict wildcard
Stocks swung wildly last week as investors wrestled with the impact of artificial intelligence on various sectors and the overall economy. This coming week is a wildcard after the U.S. and Israel attacked Iran. President Donald Trump said Saturday that “major combat operations” in Iran started overnight, with American and Israeli strikes on military and […]
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Airspace closure halts many Middle East flights after attacks
FlightRadar24 Air traffic across the middle East on Feb. 28th, 2026. Source: Flightradar24 Airlines paused flights to Tel Aviv, Dubai, Doha and other cities after airspace was closed over a large swath of the Middle East after the United States and Israel launched a military operation in Iran. Qatar Airways said it was temporarily suspending […]
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U.S.-Iran strikes live updates: Explosions heard as retaliation targets U.S. military bases
House Speaker Johnson: ‘Iran is facing the severe consequences of its evil actions’ U.S. House Speaker Mike Johnson (R-LA) holds a press conference on Capitol Hill in Washington, D.C., U.S., Feb. 3, 2026. Annabelle Gordon | Reuters House Speaker Mike Johnson, R-La., on Saturday said “Iran is facing the severe consequences of its evil actions.” […]
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Xiaomi launches flagship smartphone as memory price surge threatens sales
Xiaomi launched the Xiaomi 17 Ultra at Mobile World Congress in Barcelona on March 28. 2026. Xiaomi Xiaomi launched its latest flagship smartphones globally on Saturday as an unprecedented surge in memory chip prices threatens to dampen sales. The Xiaomi 17 and 17 Ultra represent the Chinese technology giant’s top tier devices aimed at challenging […]
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Berkshire Hathaway operating earnings fell nearly 30% in Warren Buffett’s final quarter as CEO
Warren Buffett and Greg Abel walkthrough the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025. David A. Grogen | CNBC Berkshire Hathaway reported a big decline in its operating earnings for the fourth quarter, due in large part to weakness in the conglomerate’s insurance business. Earnings from operations totaled $10.2 billion […]
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AI just leveled up and there are no guardrails anymore
In the first two months of 2026, generative artificial intelligence has undergone a rapid scaling of capabilities, going from chatbot to full-blown executive assistant and triggering an indiscriminate sell-off across sectors, hitting software, legal, insurance and cybersecurity stocks. “AI just went through its third inflection,” Nvidia CEO Jensen Huang told CNBC’s Becky Quick on Wednesday. […]
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How the ‘K-shaped’ economy is showing up at two big U.S. gyms
Two of the largest U.S. gym operators delivered the same headline in their latest earnings reports: strong growth. But beneath the surface, Life Time Group Holdings and Planet Fitness told very different stories about the American consumer. They highlighted a widening divide between higher-income households that continue to spend freely and more price-sensitive consumers who […]
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Google wants Intrinsic to be ‘Android of robotics’ as it pushes into physical AI
Intrinsic CEO Wendy Tan White has led the company to graduate out of Alphabet’s “Moonshot” factory X. Intrinsic Google became a powerhouse in smartphones by creating the Android operating system and partnering with handset makers in need of an answer to Apple’s iPhone. Now the search giant has a similar plan for tackling robotics. Earlier […]
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