business news
Wall Street’s ‘fear gauge’ is doing something unusual. What it means
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 23, 2026. Jeenah Moon | Reuters Something interesting is happening in the options market. The S&P 500 touched record highs Thursday morning, but the Cboe Volatility Index (VIX) remained stuck near 20 and is up from […]
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DOJ drops criminal probe of Fed Chair Powell, removes hurdle for Warsh confirmation
Federal Reserve Chair Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee at the Federal Reserve on Oct. 29, 2025 in Washington, DC. Alex Wong | Getty Images Kevin Warsh, nominee for chairman of the Federal Reserve, arrives for his Senate Banking, Housing and Urban Affairs Committee confirmation […]
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Musk v. Altman heads to court next week. Here’s what’s at stake
A yearslong legal brawl between Elon Musk, the world’s richest man, and OpenAI CEO Sam Altman heads to court in Northern California on Monday in a dramatic showdown between two of the most high-profile names in the tech industry. In his $134 billion lawsuit, Musk claimed that OpenAI, Altman and the company’s president, Greg Brockman, […]
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Iran’s top diplomat expected in Pakistan Friday night to discuss peace plans: MS NOW
Iran’s Foreign Minister Abbas Araghchi is expected to head to Islamabad Friday night to discuss the next steps in stalled peace negotiations with the U.S., a Pakistani official involved in the matter told MS NOW. Araghchi and a small team are expected to talk with Pakistani mediators about a potential second round of negotiations with […]
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FDA fast-tracks psychedelic drug research following Trump executive order
FILE PHOTO: Psilocybin or “magic mushrooms” are seen in an undated photo provided by the U.S. Drug Enforcement Agency (DEA) in Washington, U.S. May 7, 2019. DEA | Reuters The U.S. Food and Drug Administration on Friday announced a series of measures aimed at accelerating the development of psychedelic treatments for serious mental illness. That […]
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Meta will adopt hundreds of thousands of AWS Graviton chips in latest AI infrastructure grab
Around 3.6 billion people use Meta’s applications every day, and the social networking company will be operating 32 data centers to handle the load with the completion of a new one in Oklahoma. But that’s not enough. Amazon’s cloud unit said Friday that Meta has agreed to use Amazon’s general-purpose Graviton chips in a deal […]
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Treasury yields little changed after Israel-Lebanon ceasefire announcement
Lebanon Ambassador to the US Nada Hamadeh Moawad speaks to reporters after a meeting with US President Donald Trump, Lebanon Ambassador to the US and Israel Ambassador to the US, at the White House in Washington, DC on April 23, 2026. Mandel Ngan | AFP | Getty Images U.S. Treasury yields were little changed on […]
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Procter & Gamble earnings beat estimates as sales grow 7%
Procter & Gamble on Friday reported quarterly earnings and revenue that topped analysts’ expectations, as volume for its products grew for the first time in a year. Shares of the company rose roughly 4% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: […]
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Israel-Lebanon ceasefire, Microsoft’s first-ever buyouts, Starbucks’ loyalty program and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. Congratulations to the NFL’s first-round draft picks. CNBC’s Alex Sherman spoke to No. 1 pick Fernando Mendoza ahead of his big night. Stock futures are mixed this morning after a negative day for all three major indexes. Here are five […]
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Germany’s economy was set to rebound. But soaring energy prices have derailed Europe’s biggest comeback
Werner Schnell | Flickr Open | Getty Images Europe’s biggest economy was set for a rebound, but now it’s being hammered by soaring energy costs caused by the Iran war, prompting the federal government to halve growth forecasts. Germany’s flagship fiscal stimulus package is in the spotlight as ministers scramble to cushion the impact of […]
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