@LCO26K
$166 a barrel? Middle East oil gives clue to where all prices could be headed if Iran war drags on
The extreme spike in oil prices seen in local markets in the Middle East could give investors a glimpse into to where U.S. and Europe prices are headed if the Strait of Hormuz isn’t opened soon. Dubai crude oil prices surpassed $166 a barrel to a new record high on Thursday, according to market data […]
Read More
Copper joins gold in broad commodities sell-off. There’s a worrying reason behind it
Key Points Both precious and industrial metals fell in Thursday trading as investors are starting to worry this oil shock will go on long enough to cause an economic slowdown or recession. An unusual stagflation scenario is occurring with rates rising on inflation fears, while economic growth expectations are being lowered. But some warn that […]
Read More
Eli Lilly’s new shot shows solid weight loss in study — plus, a way for Nvidia to perk up
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday ‘ s key moments. 1. Stocks fell Thursday as oil prices continued higher. Brent international crude briefly touched $119 per barrel after Iran attacked a key LNG facility in Qatar. Tehran said […]
Read More
Government bonds face ‘perfect storm’ as Iran war rattles Europe’s central banks
Europe’s sovereign bonds are facing “a perfect storm” after new inflation fears sparked by the Iran conflict forced the region’s central banks to signal a new course for interest rates on Thursday, sending yields soaring. The Bank of England left interest rates unchanged at 3.75% on Thursday, with the European Central Bank also holding steady […]
Read More
Gulf states have tolerated Iranian strikes so far — but their ‘defensive’ stance won’t last forever
Fire and plumes of smoke rise from an oil facility in Fujairah, United Arab Emirates, Saturday, March 14, 2026. Altaf Qadri | AP Iran’s strikes are pushing Gulf states toward a breaking point, forcing a choice between restraint and retaliation. Iran’s Gulf neighbors have been repeatedly targeted and hit by Iranian drones and missiles as […]
Read More
Gold and silver sell-off accelerates as inflation fears grip global markets
Gold and silver joined a broad sell-off on Thursday, with the metals shedding around 5% and 10%, respectively, as fears about the Iran war and inflation gripped global markets. At 8:43 a.m. ET, spot gold was down 4.9% at just over $4,600 an ounce. Front-month gold futures were down 5.8% at $4,612. Stock Chart IconStock […]
Read More
Stocks making the biggest moves premarket: Micron, Alibaba, Five Blow, Newmont and more
Check out the companies making the biggest moves in premarket trading: Micron Technology — Shares shed nearly 7%. Micron reported a blowout quarter , with its adjusted earnings of $12.20 per share handily topping the $9.31 consensus estimate, per LSEG. Its revenue was $23.86 billion, compared to the $20.07 billion expected from analysts. Investors may […]
Read More
European stocks tumble 2% as Iran war intensifies; miners lead losses
Vadimrysev | Istock | Getty Images LONDON — European stocks slumped on Thursday as the Iran war escalated further following attacks on Iranian and Qatari energy infrastructure. The pan-European Stoxx 600 was down 2.1% as of 12:10 p.m. in London (8:10 a.m. ET), with all major bourses in negative territory and all sectors except for […]
Read More
The Fed decision, Micron earnings, Amazon’s USPS contract and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. I’m back after a long weekend skiing in Colorado, just in time for yesterday’s Federal Reserve meeting. Stock futures are lower this morning. The three major indexes are coming off a losing day. Here are five key things investors need […]
Read More
Asia tech stocks sink as oil spike and Qatar attacks threaten chip supply chain
Images of mobile devices at the Taiwan Semiconductor Manufacturing Co. (TSMC) Museum of Innovation in Hsinchu, on Tuesday, Jan. 11, 2022. I-Hwa Cheng | Bloomberg | Getty Images Asian technology stocks fell on Thursday as Iran’s latest attacks on Qatar’s Ras Laffan Industrial City and a surge in oil prices rattled investor sentiment, amplifying concerns […]
Read More