business news
United Arab Emirates leaving OPEC, effective May 1
Jonathan Raa | Nurphoto | Getty Images The United Arab Emirates announced Tuesday that it will exit OPEC on May 1. “This decision follows a comprehensive review of the UAE’s production policy and its current and future capacity and is based on our national interest and our commitment to contributing effectively to meeting the market’s […]
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Meta’s new AI model shows early promise, but investors want to see Zuckerberg’s strategy
Meta CEO Mark Zuckerberg during the Meta Connect event in Menlo Park, California, Sept. 17, 2025. David Paul Morris | Bloomberg | Getty Images With Mark Zuckerberg counting on Meta’s new artificial intelligence model, Muse Spark, to revive his company’s standing in the booming AI market, guidance and commentary are going to be of heightened […]
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Office demand rebounds to highest level since Covid pandemic began
A “For Lease” sign in the Financial District of San Francisco, California, US, on Wednesday, May 3, 2023. Jason Henry | Bloomberg | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals […]
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Tech’s hyperscalers face Wall Street for first time since U.S. Iran war sent oil prices soaring
Sebastien Bozon | Afp | Getty Images The last time tech’s hyperscalers addressed Wall Street, three months ago, they announced plans to collectively spend well over half a trillion dollars this year to build out their artificial intelligence infrastructure. That was before the U.S. invaded Iran, causing oil prices to spike, and leading to a […]
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Musk and Altman go to trial, GM earnings, Spotify’s fitness push and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Tuesday. Shares of key players in the artificial intelligence trade — like Oracle, Nvidia and SoftBank Group — are all falling this morning following a report that OpenAI missed internal targets for revenue and user growth. Stock futures are mixed in […]
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OpenAI reportedly missed revenue targets. Shares of Oracle and these chip stocks are falling
In this article SFTU-FF SFTU-FF CRWV Follow your favorite stocksCREATE FREE ACCOUNT OpenAI CEO Sam Altman speaks during the BlackRock Infrastructure Summit on March 11, 2026 in Washington, DC. Anna Moneymaker | Getty Images Shares of companies tied to artificial intelligence infrastructure tumbled in early trading Tuesday after a report that OpenAI has fallen short […]
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U.S. is being ‘humiliated’ by Iran, says German Chancellor Merz
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email German Chancellor Friedrich Merz says the U.S. is being ‘humiliated’ by Iran’s leadership, questioning Washington’s exit strategy. CNBC’s Steve Sedgwick breaks down the German leader’s comments. 01:42 Tue, Apr 28 20263:24 AM EDT Source
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Stocks making the biggest moves premarket: Oracle, General Motors, Coca-Cola, Spotify & more
Check out the companies making headlines before the bell: Oracle — The software giant dropped more than 5% after The Wall Street Journal, citing people familiar, reported OpenAI recently missed its own targets for new users and revenue, raising concerns the company may not be able to support its massive AI spending. A number of […]
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This is not a stock picker’s market, says head of Norway’s $2 trillion wealth fund
Stock markets have been largely buoyant since the end of March after bouncing back from a sell-off sparked by the outbreak of the U.S.-Iran war, but one of the world’s biggest investors is glad not to be buying individual names. Speaking to CNBC’s Ben Boulos on the sidelines of the sovereign wealth fund’s annual Investment […]
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Coca-Cola tops estimates, raises earnings outlook as global beverage demand rises
Bottles of Coca-Cola for sale at a store in LaBelle, Florida, Feb. 8, 2026. Zak Bennett | Bloomberg | Getty Images Coca-Cola on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations. For the full year, Coke is now projecting comparable earnings per share growth of 8% to 9%, up from its prior forecast […]
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