Donald Trump
Trump said his blockade would cause Iran’s oil industry to ‘explode’ this week. Why that won’t happen
Locked in a standoff with Iran that will break only when economic pain is no longer tolerable, President Donald Trump may have to maintain his naval blockade against Iran for weeks — forcing serious economic consequences on the world. Trump said Wednesday that he will keep the U.S. blockade against Iran in place until it […]
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Big Tech earnings, Powell’s decision, Pershing Square IPO and more in Morning Squawk
1. The tech TLDR The Meta corporate logo is featured at the Fira Gran Via booth, highlighting the company’s ”AI-First” hardware ecosystem during the Mobile World Congress. Joan Cros | Nurphoto | Getty Images Four of the Magnificent Seven tech companies released their highly-watched earnings reports last night, largely beating expectations across the board. Still, […]
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Markets are still underpricing Iran war risks, investors warn as oil fluctuates around four-year high
Renewed fears about the trajectory of the U.S.-Iran war sent global benchmark Brent crude futures to a four-year high and rattled equity markets on Thursday — but analysts say investors are still pricing for peace and underestimating potential future risk. The latest step higher in oil prices came after Axios reported that U.S. Central Command […]
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European markets tumble as oil prices surge; ECB and BOE decisions ahead
Hannelore Foerster | Bloomberg | Getty Images LONDON — European stocks opened sharply lower on Thursday as investors digest the latest reports on the Iran war and monitor a raft of corporate earnings and central bank decisions. The pan-European Stoxx 600 was trading 0.4% lower by 8:40 a.m. in London (3:40 a.m. E.T.). Regional bourses […]
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U.S. weighs ‘reduction’ of troops in Germany as Trump’s feud with Berlin deepens
Soldiers of the U.S. Army V Corps salute during a color casing ceremony to mark the departure of V Corps headquarters from Europe on May 10, 2012 at the U.S. Army base in Wiesbaden, Germany. Ralph Orlowski | Getty Images News | Getty Images The U.S. is considering reducing the number of troops it has […]
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Japan puts ‘too much burden’ on U.S. for security, former defense minister Kono says
Taro Kono during a news conference at the Liberal Democratic Party (LDP) headquarters in Tokyo, Japan, on Friday, Sept. 13, 2024. Bloomberg | Bloomberg | Getty Images Japan has relied too heavily on the U.S. for security, according to Taro Kono, Japan’s former defense minister, as concerns grow that Washington may scale back its global […]
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Brent crude tops $121 as U.S. military to reportedly brief Trump on potential action against Iran
Alexander Manzyuk | Reuters Oil extended gains as a report suggested the U.S. military would brief President Donald Trump on potential action against Iran, raising worries that armed conflict could resume, building on the American blockade of Iranian exports. Axios reported Thursday that the U.S. Central Command was set to present Trump plans for potential […]
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China factory activity tops expectations in April — but growth slows as new orders soften
Workers producing garments at a textile factory that supplies clothes to fast fashion e-commerce company Shein in Guangzhou in southern China’s Guangdong province. Jade Gao | Afp | Getty Images China’s factory activity topped analysts’ expectations in April, although growth slowed from the prior month when it hit a year-high, as new orders saw a […]
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CNBC Daily Open: Trump’s big threats and Big Tech’s bigger wallets
Iran is back at the top of our headlines after U.S. President Donald Trump threatened Tehran again. Source
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Inside India newsletter: AI is exposing cracks in India’s growth story as it hits high-paying IT jobs
Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of “Inside India“ — your one-stop destination for stories and developments from the world’s fastest growing large economy. Over the past two decades, India’s IT sector has been driving a consumption boom that has in many ways anchored the India growth story. […]
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