business news
Goldman Sachs bond traders stumbled as Wall Street rivals thrived: ‘A fire is being lit under’ them
Key Points Goldman Sachs’s fixed income division disappointed investors this week, with revenue down 10% and about $910 million below expectations — a rare stumble for a flagship business. “I’d imagine that at Goldman, a fire is being lit under the traders, managers and risk overseers in FICC after such an underperformance,” veteran analyst Mike […]
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Ford EV chief leaving automaker amid new restructuring efforts
Doug Field, the chief EV, digital and design officer at Ford Motor, speaks at Louisville Assembly Plant as Ford shares its plans to design and assemble its “Universal Electric Vehicle” platform on August 11, 2025. Courtesy Ford DETROIT — Ford Motor‘s head of electric vehicles and software is leaving the automaker as it restructures its […]
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U.S. and Iran could meet in Pakistan for peace talks next week: MS NOW
US Vice President JD Vance (R) speaks during a news conference after meeting with representatives from Pakistan and Iran, as US President Donald Trump’s son-in-law Jared Kushner (L) and US Special Envoy to the Middle East Steve Witkoff (C) watch, in Islamabad on April 12, 2026. Jacquelyn Martin | AFP | Getty Images The U.S. […]
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Lumen Technology’s high-stakes fiber bet nearly bankrupted it. Now, it’s powering its AI future
Key points: Lumen Technologies has shed assets and cut debt after it narrowly skirted bankruptcy. The company is focused now on shifting toward high-growth businesses such as AI networking and cloud services. Its fiber network is a key advantage. Lumen plans to layer a digital services platform over it to provide customers the ability to […]
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Iran war damaged as much as $58 billion of energy infrastructure, Rystad estimates
The Middle East war has damaged as much as $58 billion worth of energy infrastructure, according to an estimate published by consulting firm Rystad Energy on Wednesday. Iran has attacked the oil and gas infrastructure of its Gulf Arab neighbors including production facilities, refineries and pipelines among other targets. Israel has bombed natural gas and […]
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Amazon sellers boycott ads in policy change revolt: ‘We’re running out of f—ing margin’
An automated bar code reader scans packages prepared for shipping at an Amazon fulfillment center on Cyber Monday in Robbinsville, New Jersey, US, on Monday, Dec. 1, 2025. Michael Nagle | Bloomberg | Getty Images For Amazon sellers that account for over 60% of goods sold on the e-retailer’s sprawling marketplace, times would be tough […]
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Nvidia’s long-awaited stock breakout is proof that patience pays off
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. The S & P 500 on Wednesday made a new intraday high for the year, as the rebound from the Iran war sell-off continued. At one […]
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Anthropic’s Mythos isn’t threatening bitcoin. The real AI risk is at crypto exchanges
There’s a saying in crypto: not your keys, not your coins. It’s typically a warning that it’s safer to keep your crypto in an offline wallet that’s harder to attack than an online exchange where you don’t have control over the keys to the wallet housing the funds. So far, however, the complexity of learning […]
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For cruise lines, Iran conflict and oil prices threaten to dent profits
The Carnival Miracle cruise ship is anchored in the Pacific Ocean near Kailua Bay during a 15-day cruise, in Kailua-Kona, Hawaii, on Jan. 14, 2024. Kevin Carter | Getty Images The global cruise industry is reporting record demand and renewed consumer enthusiasm, but the leaders helming the world’s largest cruise companies say the sector is […]
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White House budget chief Russell Vought won’t estimate Iran war cost in testimony
White House Office of Management and Budget Director Russell Vought testifies before the House Budget Committee at the U.S. Capitol on April 15, 2026. Andrew Harnik | Getty Images White House Office of Management and Budget Director Russell Vought told lawmakers he could not estimate the total cost of the Iran war and that the […]
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