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Oil relief sparks a stock rally, but Cramer says Nvidia’s AI boom is the real story
CNBC’s Jim Cramer on Monday welcomed the drop in oil prices that sent stocks higher, but said the real action for investors is unfolding at Nvidia’s GTC artificial intelligence showcase this week. Nvidia shares participated in a broad stock market rally that was fueled by President Donald Trump “allowing Iranian oil to get through the […]
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Trump says he thinks he will have the ‘honor’ of ‘taking Cuba’
A tricycle is decorated with U.S. and Cuban flags in Havana on Feb. 26, 2026. Yamil Lage | AFP | Getty Images President Donald Trump on Monday said he thinks he will have the “honor” of “taking Cuba,” speaking during an executive order signing at the White House. “Whether I free it, take it, I […]
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Trump says U.S. asked China to delay Xi meeting ‘a month or so’ due to Iran war
President Donald Trump said Monday that the U.S. has asked to delay his planned meeting with Chinese President Xi Jinping in Beijing by “a month or so” due to the ongoing war with Iran. Trump was expected to travel to China at the end of March for the meeting with Xi. But when asked in […]
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Dow bounces 400 points to start the week as oil prices fall back to below $95 a barrel: Live updates
Traders works on the floor of the New York Stock Exchange (NYSE) at the opening bell on March 5, 2026 in New York City. Angela Weiss | Afp | Getty Images Stocks rose on Monday, while oil prices pulled back as Wall Street tried to recover from another losing week, with investors monitoring the latest […]
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Oil crisis unlikely to lead to bear market, says CFRA’s Sam Stovall
Though oil prices have spiked in the aftermath during the Iran war, disruption in energy markets probably won’t lead to a major downturn in U.S. stocks, according to Sam Stovall at CFRA Research. The war – now in its third week – has brought about the biggest oil supply disruption in history by closing the […]
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Bessent says Treasury is not intervening in oil commodities markets and has no authority to do so
Treasury Secretary Scott Bessent said Monday that the administration has no plans to intervene in financial markets and may not have the authority to do so even if it wanted. In a CNBC interview, Bessent addressed rumors that the Treasury Department or some other arm of government might step in to try to lower oil […]
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Strait of Hormuz standoff puts supply of America’s generic drug prescriptions at risk
An employee monitors bottles as they move along the drug production line inside the packaging unit at the Lupin Ltd. pharmaceutical plant in Salcette, Goa, India, Bloomberg | Bloomberg | Getty Images The closure of the Strait of Hormuz by Iran is a military strategy with vast consequences for the global economy, not just in […]
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Oil’s war-driven volatility pulls in record retail money, fueling ‘meme-style’ trading
The Iran war news flow-driven oil moves are drawing retail investors into the world’s most traded commodity, further fueling volatility. Small investors have poured record sums into oil-linked exchange-traded funds in recent weeks as prices have whipsawed amid the Middle East conflict and fears of extended disruptions to crude flows through the Strait of Hormuz. […]
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Why traders are getting nervous about Iran’s $200 oil warning as the conflict drags on
Energy analysts and traders said Monday that they wouldn’t be surprised if oil prices climb to as high as $200 per barrel as the sprawling Middle East crisis drags on. It comes as the U.S. and Israeli-led war on Iran continues to disrupt oil production and shipping in the region , with traffic through the […]
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U.S. is allowing Iranian tankers through Strait of Hormuz, says Bessent
The United States is allowing Iranian oil tankers to transit the Strait of Hormuz, Treasury Secretary Scott Bessent told CNBC in an interview Monday. “The Iranian ships have been getting out already, and we’ve let that happen to supply the rest of the world,” Bessent told CNBC’s Brian Sullivan. Tanker traffic through the Strait has […]
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