business news
Uber makes big bets on travel, hotels and AI voice bookings at annual product showcase
Chris Ratcliffe | Bloomberg | Getty Images Uber is breaking into the travel industry. The ride-hailing company on Wednesday announced several new products at its annual Go-Get event in New York as it looks to attract more users to its platform and push to differentiate beyond its mainstay ridesharing business. Rather than focusing on its […]
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Former Attorney General Bondi to testify about Epstein on May 29 before House panel
U.S. Attorney General Pam Bondi and Deputy Attorney General Todd Blanche arrive for a closed-door briefing for members of the House Oversight and Government Reform Committee, on the Justice Department’s handling of the Epstein investigation and compliance with the Epstein Files Transparency Act on Capitol Hill in Washington, D.C., U.S., March 18, 2026. Nathan Howard […]
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Bill Ackman’s $5 billion Pershing Square IPO to start trading, testing Berkshire-style vision
Key Points The Pershing Square Capital Management founder’s combined initial public offering raised $5 billion, pricing at the low end of expectations. The transaction creates two separately traded entities on the New York Stock Exchange: closed-end fund Pershing Square USA Ltd., which will trade under the ticker PSUS, and asset manager Pershing Square Inc., listed […]
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Hegseth, Caine to testify on Pentagon budget amid Iran war
US Secretary of Defense Pete Hegseth speaks during a press briefing at the Pentagon in Washington, DC, on April 8, 2026. The United States and Iran agreed to a two-week ceasefire on April 7 barely an hour before President Donald Trump’s deadline to obliterate the country, triggering global relief alongside apprehension. Tehran has agreed to […]
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A million-dollar gold bear emerges ahead of the Fed decision
One of the hottest trades of the past year might have run its course, if one options trader gets their way. In one of the most interesting macro trades of the day, someone sold upside call exposure in the SPDR Gold ETF (GLD) while simultaneously buying downside put exposure in a two-pronged trade that both […]
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OpenAI’s subtle drift from Microsoft has become an aggressive move toward Amazon
Avishek Das | Lightrocket | Getty Images OpenAI revenue chief Denise Dresser said the AI company’s agreement on Tuesday to make its models available on Amazon had nothing to do with an announcement a day earlier that the startup had restructured its relationship with Microsoft for a second time in six months. “The two are […]
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Jet fuel bidding war breaks out as airlines confront ‘global stress test’ over shortages and cancellations
Europe is urgently turning to alternative suppliers of jet fuel as imports from the Middle East remain knocked out — but the continent must “fight for every cargo” in what analysts have dubbed a “global stress test” for the airline industry. The loss of Middle Eastern jet fuel because of the Iran war is quickly […]
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Startup Blockworks wants to become the crypto equivalent of Morningstar. How it plans to do it
Key Points Blockworks wants to become a dominant data provider in the world of cryptocurrency and tokenized assets, according to co-founder Jason Yanowitz. The firm anticipates using the proceeds of its latest fundraising round extension to snap up some of its rivals and grow its footprint. “Crypto has a trust problem, and it is two-sided,” […]
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Booking Holdings CEO on Q1 results, impact of Middle East conflict and travel demand outlook
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Booking Holdings CEO Glenn Fogel joins ‘Squawk Box’ to discuss the company’s quarterly earnings results, impact of the Middle East conflict on the business, state of travel demand, and more. Source
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Fed day, Starbucks earnings, UAE leaves OPEC and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. I couldn’t help but feel a pang of déjà vu reading about Jimmy Kimmel’s return to the White House’s crosshairs. S&P 500 futures are little changed this morning. All three major averages logged a negative session yesterday. Here are five […]
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