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Why Wells Fargo says it might be time to take profits on energy — even as the bank hikes its oil price forecasts
Oil prices are likely to remain well above their levels prior to the Iran war, the consequences of which have choked global supply for the foreseeable future. But, after racking up record monthly gains in March, analysts at Wells Fargo say it is now “time to consider taking profits in energy.” The year-to-date performance of […]
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CNBC Daily Open: Back-to-back gains on Iran peace talks hope
A protester waves an Iranian flag and shouts slogans during a demonstration against US military action in Iran near the White House in Washington, DC, on April 7, 2026. Mandel Ngan | Afp | Getty Images Hello, this is Leonie Kidd writing to you from London. Welcome to another edition of CNBC’s Daily Open. Not […]
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U.S. says Hormuz blockade ‘fully implemented,’ while signaling diplomatic off-ramp for Iran
ANKARA, TURKIYE – APRIL 14: An infographic titled “US warships around the Strait of Hormuz” created in Ankara, Turkiye on April 14, 2026. (Photo by Yasin Demirci/Anadolu via Getty Images) Anadolu | Anadolu | Getty Images The U.S. blockade of Iranian ports is now fully into effect, “completely” cutting off Tehran’s international sea trade that […]
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Trump’s Hormuz blockade puts China, India in crosshairs as U.S. pressure on Iran spills over
Oil tankers and cargo ships line up in the Strait of Hormuz as seen from Khor Fakkan, United Arab Emirates, Wednesday, March 11, 2026. Altaf Qadri | AP The U.S. blockade of the Strait of Hormuz is not only squeezing Iran but also ratcheting up pressure on two of its most consequential relationships in Asia […]
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CNBC Daily Open: S&P 500 nears all-time high
Tourists walk past the U.S. Capitol and are reflected in the window of a parked ambulance on Capitol Hill in Washington, D.C., U.S., April 14, 2026. Evelyn Hockstein | Reuters Hello, this is Dylan Butts writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open. Markets appear to think a deal between […]
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Oil extends declines as possible U.S.-Iran talks raise hopes for Mideast peace deal
An aerial view of the Chevron EL Segundo refinery, one of the largest petroleum processing facilities in California, as a plane takes off from LAX on April 8, 2026 as seen from above Manhattan Beach, California. Mario Tama | Getty Images Oil prices extended declines after settling sharply lower Tuesday amid rising optimism that the […]
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Central banks were buying gold at record levels. Here’s why they’re selling now
Gold’s pullback is exposing a rare shift in the market: after years of relentless accumulation, some central banks are now selling bullion as Iran war-driven pressures force a scramble for cash. Spot gold , which is currently trading at around $4,838 per ounce, has fallen about 10% from its late-January peak, slipping into correction territory […]
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Cramer: The market’s biggest fears ‘just didn’t happen’ – and that’s why you can’t leave the game
CNBC’s Jim Cramer said investors who fled the market during recent volatility may be grappling with a familiar realization that the worst-case scenarios driving their decisions never materialized. “What we have is a rally that appears to be based on nothing,” said the “Mad Money” host on Tuesday. “But in reality, it’s based on the […]
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David Einhorn signals caution as his hedge fund Greenlight prioritizes capital protection
Key Points Greenlight Capital’s David Einhorn warned that investors may be underestimating potential downside risks. “It probably won’t surprise anyone that we are again putting capital preservation at the top of our priorities,” Einhorn said in his latest investor letter. Source
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Treasury Secretary Bessent backs rate cuts but says he understands if the Fed wants to wait
watch now VIDEO1:5801:58 Treasury Secretary Bessent: Fed should wait and see on rate cuts Squawk on the Street Treasury Secretary Scott Bessent on Tuesday expressed confidence that inflation will moderate through the year, giving the Federal Reserve room to cut interest rates. Bessent added, though, that he understands if central bank policymakers take a cautious […]
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