business news
Is Meta’s AI spending blitz working? The stock’s next move depends on the answer
Shares of Meta Platforms are recovering from a bruising stretch earlier this year, when investors shied away from the social media giant’s massive investment in artificial intelligence. Wednesday’s earnings will determine whether that rebound will continue. The stakes are high: Meta is in the midst of one of the most aggressive AI buildouts of all […]
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UK’s biggest drugmakers see surprise profit bump, even as pharma grapples with U.S. policies
AstraZeneca and GSK, the U.K.’s second and ninth most valuable companies, both saw first-quarter profits beat expectations early Wednesday. Source
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Oil prices extend multi-day rally as Trump issues new threat to Iran; Brent tops $114 per barrel
Oil tankers and gas tankers were affected by the closure of the Strait of Hormuz, leading to a global energy crisis stemming from the war in the Middle East. Photos For You | Moment | Getty Images Oil prices advanced again on Wednesday as traders balanced the United Arab Emirates’ shock departure from OPEC with […]
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Meta told it’s violating EU law by not doing enough to keep children off Facebook and Instagram
The European Commission has found that Meta breached EU law by failing to prevent under-13s from accessing its platforms, as scrutiny of the tech giant’s handling of child safety intensifies. The commission said Wednesday that its preliminary investigations concluded that Meta violated the EU’s Digital Services Act because the minimum age requirement of 13 for […]
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Trump threatens Iran with AI picture of himself with a gun: ‘No more Mr. Nice guy!’
US President Donald Trump takes questions during a press briefing in the Brady Briefing Room at the White House in Washington, DC, shortly after a shooting incident at the White House Correspondents’ Dinner on April 25, 2026. Mandel Ngan | Afp | Getty Images U.S. President Donald Trump threatened Iran in a Truth Social post […]
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Finland’s Kone to buy German rival TK Elevator in blockbuster $34.4 billion deal
A TK Elevator (TKE) elevator on display at the Microsoft Corp. booth at the Hannover Messe 2026 trade fair in Hannover, Germany, on Monday, April 20, 2026. Bloomberg | Bloomberg | Getty Images Finland’s Kone has agreed to buy German rival TK Elevator in a deal valued at 29.4 billion euros ($34.4 billion), marking one […]
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UBS profits rocket 80% to $3 billion for first quarter beat
UBS generated a net profit attributable to shareholders of $3 billion for the first quarter, up 80% year-on-year and surpassing the $2.8 billion estimated by analysts, according to an LSEG-compiled consensus poll. The Swiss banking and asset management giant’s common equity tier (CET) 1 capital ratio — a gauge of a bank’s solvency — also […]
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CNBC’s UK Exchange newsletter: Can ‘Savvy the Squirrel’ drive Britons nuts for savings?
Chancellor Rachel Reeves, Julia Hoggett, CEO of London Stock Exchange, and Lucy Rigby, Economic Secretary to the Treasury, launch a new campaign to get Brits investing, at London Stock Exchange on April 23, 2026 in London, England. Carl Court | Getty Images News | Getty Images This report is from this week’s CNBC’s UK Exchange […]
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UAE’s departure from the OPEC oil cartel is not without precedence. Who could be next?
Jonathan Raa | Nurphoto | Getty Images The United Arab Emirates’ shock decision to leave OPEC is reverberating across global energy markets, exposing fractures in the powerful oil cartel as production quotas risk prompting other members to follow suit. The country’s decision follows weeks of missile and drone strikes by fellow OPEC member Iran, with […]
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Major data center company pauses investment decisions in Middle East amid Iran war, CEO tells CNBC
A major data center company has paused investment in AI infrastructure projects and data centers in the Middle East amid the Iran war, its CEO has told CNBC. As oil prices have skyrocketed and supply chains have been heavily disrupted by conflict in the region, the future of huge digital infrastructure plans in the Middle […]
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