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Commercial vessels and oil tankers preparing to transit through the Strait of Hormuz, one of the most critical strategic waterways for global trade flows, maintain their wait in the Gulf of Oman, on June 17, 2026.Shady Alassar | Anadolu | Getty ImagesThe U.S. Treasury Department on Tuesday revoked its authorization of Iranian oil sales after a series of attacks on tankers in the Strait of Hormuz this week.”Iran will only reap benefits if they exhibit good behavior,” a U.S. official told CNBC. “Iran’s actions in the Strait were wholly unacceptable to the United States and will be met with consequences.”The…
Fitch assigns Amazon stock ’AA-’ rating on new debt issuance Source link
Google has announced its next Made By Google event, taking place on August 12 in New York City. Google’s invite doesn’t name names, but the imagery clearly shows a new Pixel phone that looks a whole lot like last year’s phone. Some new rumors, however, suggest the updated phones will come with inflated price tags courtesy of the AI-driven component shortage. The sleek lines of the phone in the teaser image are a dead ringer for Google’s last few Pixel phones, and that matches some early rumors. Google’s new phones will have similar shapes, with the Pro and Pro Fold…
Nigel Farage has resigned as MP for Clacton, triggering a by-election he says he will stand in.It comes amid a row over his financial support, after the Sunday Times reported he had not declared benefits and questions were raised about a £5m gift.In a statement, Farage insisted he had “done nothing wrong”.Farage’s constituents have mixed views about the politician and shared their opinions with the BBC.Read more about what Farage said in his resignation speech. Source link
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. There’s a big bifurcation in the market on Tuesday. While the S & P 500 is only slightly lower in the session, the tech-heavy Nasdaq 100 dropped more than 1% due to another selloff in the AI chip leaders and data center infrastructure build out stocks. Four trading sessions into July and the third quarter, the market already looks very different from the spring. The Philadelphia Stock Exchange Semiconductor Index (SOX)…
Why is Cognizant Technology stock surging today? Source link
Mark Zuckerberg looks on during UFC Freedom 250 at the White House on June 14, 2026 in Washington, DC.Chris Graythen | Getty Images Sport | Getty ImagesMeta on Tuesday released Muse Image, a new artificial intelligence model for creating images as the company seeks to attract creators and advertisers to its offerings.Originally codenamed Mango, the AI technology marks the second major release from Meta Superintelligence Labs led by Alexandr Wang, who oversaw the April unveiling of the Muse Spark large language model that succeeded the company’s previous Llama family of models.Muse Image will be available for consumers to access for…
Graham Platner, Democratic US Senate candidate for Maine, center, and Alexis McGill Johnson, chief executive officer of Planned Parenthood Federation, center right, during a campaign event with abortion rights advocates in Portland, Maine, US, on Monday, June 22, 2026. Mel Musto | Bloomberg | Getty ImagesPressure is building on Maine Democratic Senate candidate Graham Platner to drop out of the election after a Maine woman accused him of sexually assaulting her — a stunning fall for a once-ascendant candidate whose bid has been rocked by personal scandals for months as Democrats try to capture Republicans’ lone congressional seat in New…
The comeback in the cybersecurity group has been nothing short of amazing. Over the course of just a few months, CrowdStrike and Palo Alto Networks have gone from being bucketed into the hated software trade to being anointed full-on artificial intelligence beneficiaries. From the outset of the selloff earlier this year, Jim Cramer was screaming from the rooftops that cyber should never have been lumped into run-of-the-mill enterprise software. That’s why we bought CrowdStrike so heavily in March, shortly after the Club stock hit a 52-week low of around $86 per share in late February. We favored pressing the issue…
By Danielle Kaye and Alessandro Parodi NEW YORK, July 7 (Reuters) – U.S. national soccer team coach Mauricio Pochettino fell short of getting the World Cup co-hosts into the quarter-finals. But his signature attire by the pitch — a sleek blue shirt — stole the show, giving the struggling German brand a welcome publicity win. Pochettino, known for treating his outfits as lucky charms, wore the $499 super-lightweight virgin wool Boss shirt and matching pants at every game of the tournament, attracting fans’ attention. “He looks like Russell Crowe playing a soccer coach,” an Instagram user said of the 54-year-old…
