United States
Texas Reps. Menefee, Green advance to runoff as first midterm primaries show incumbents on shaky ground
Christian Menefee and Al Green. Al Drago | Sergio Flores | Reuters The first round of primary elections is showing how this year’s midterms will be taking place on shifting political ground for incumbents. That was particularly true in Texas — the first state to redraw its congressional districts last year — where incumbent members […]
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Iran war and your portfolio: The historical stock market patterns investors should know
Andriy Onufriyenko | Moment | Getty Images The escalating war in the Middle East jolted the stock market on Tuesday — a reaction that history suggests is common after a global shock, but often not lasting. While the market rebounded Wednesday morning, the Standard & Poor’s 500 index, a broad measurement of how U.S. companies’ […]
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Talarico wins Texas Senate Democratic nomination while Cornyn and Paxton head to Republican runoff
State Rep. James Talarico topped Congresswoman Jasmine Crockett in an expensive and fiercely contested Texas Senate Democratic primary that once again has the party dreaming of a big upset in November. Who Talarico will face depends on a May runoff between longtime Republican Sen. John Cornyn and MAGA favorite Ken Paxton — a race expected […]
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Coinbase leads crypto stocks higher after Trump signals support for digital asset market structure bill
In this article COIN Follow your favorite stocksCREATE FREE ACCOUNT Dado Ruvic | Reuters Shares of Coinbase and other cryptocurrency companies surged Wednesday after President Donald Trump threw his weight behind the industry’s battle against U.S. banks over yield-bearing stablecoins — adding to momentum the firms were already feeling from bitcoin‘s bounce. Coinbase was last […]
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Oil price surge eases after Bessent pledges support for oil trade during Iran war
Oil prices held steady Wednesday, after Treasury Secretary Scott Bessent said the Trump administration will provide support to oil tankers transiting the Persian Gulf and announce more measures in the coming days. U.S. crude oil rose 12 cents, or 0.16%, to $74.68 per barrel by 9:46 a.m. ET. Global benchmark Brent was up 37 cents, […]
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Trump sides with crypto firms in trillion-dollar battle with banks over stablecoin yield
US President Donald Trump boards Air Force One before departing Palm Beach International Airport in West Palm Beach, Florida, on March 1, 2026, on his way back to Washington, DC. Mandel Ngan | Afp | Getty Images President Donald Trump has thrown his support behind crypto firms in their high-stakes battle with U.S. banks over […]
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Bessent says global 15% tariff starts this week, predicts Trump duties will return to old levels later this year
President Donald Trump’s recently announced 15% global tariff will likely be implemented sometime this week, rising from its current rate of 10%, Treasury Secretary Scott Bessent said on Wednesday. Bessent also predicted that U.S. tariff rates would, by August, effectively return to where they stood before the Supreme Court recently struck down the often-steeper duties […]
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Gulf oil trade, Pentagon’s AI usage, Gen Z’s analog obsession and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. Treasury Secretary Scott Bessent told CNBC this morning that President Donald Trump’s 15% global tariff would be implemented this week. He also said the U.S. would make “a series of announcements” to support oil trade in the Gulf. Stock futures […]
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Sportswear giant Adidas drops 8% after profit guidance disappoints
The logo of Adidas is seen on a Gazelle sneaker for sale at a shop in Berlin, Germany, May 2, 2024. Lisi Niesner | Reuters Shares of Adidas fell as much as 8% on Wednesday after providing a disappointing 2026 outlook, as it grapples with unfavorable currency swings and a hit from U.S. tariffs. The […]
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Democrats tread cautiously around another Trump impeachment after ‘illegal’ Iran strikes
Rep. Al Green shouts as President Donald Trump addresses a joint session of Congress at the U.S. Capitol in Washington, D.C., on March 4, 2025. Win Mcnamee | Via Reuters Since the U.S. attack on Iran, congressional Democrats and opponents of President Donald Trump called the operation unconstitutional and vowed to rein-in the president. But […]
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