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Oil tankers and gas tankers were affected by the closure of the Strait of Hormuz, leading to a global energy crisis stemming from the war in the Middle East.Photos For You | Moment | Getty ImagesOil prices advanced again on Wednesday as traders balanced the United Arab Emirates’ shock departure from OPEC with indications that a near-term conclusion to the Iran war is unlikely. International benchmark Brent crude futures with June delivery traded 3% higher at $114.64 per barrel at 6:00 a.m. ET, extending gains after notching its seventh consecutive positive session on Tuesday.U.S. West Texas Intermediate futures with June…
Investing.com — shares jumped 16.98% following the company’s first quarter results and second quarter revenue guidance that came in 5% above Wall Street expectations. The semiconductor maker delivered a solid first quarter report and provided stronger-than-expected guidance for the current quarter, sending shares higher. According to Barclays analysts, the company addressed two key investor concerns with this quarter’s results. “Both Auto and Industrial guided above seasonal for Q2, while channel weeks remain flat,” the analysts noted. “Utilization is expected to rise from low 80s% in the 1H to mid 80s% in the 2H. DC sales, which comprised 2% of 2025…
When Super Cruise debuted in the Cadillac CT6 in 2017, it showed there was a responsible way to give drivers a hands-free assistance system. Unlike Tesla, General Motors geofenced the system to only work on restricted-access highways that had been lidar-scanned and HD-mapped ahead of time. What’s more, it added a driver-facing infrared camera to track their gaze and ensure their eyes remain on the road ahead for the system to stay active. After starting out in the Cadillac flagship sedan, GM began adding Super Cruise to more and more of its models, and the system has just passed a…
U.S. President Donald Trump speaks to the media, before boarding Air Force One on his way to Virginia, at Joint Base Andrews in Maryland, U.S., April 10, 2026.Evelyn Hockstein | ReutersU.S. President Donald Trump threatened Iran in a Truth Social post on Wednesday morning, saying the country “better get smart soon!””Iran can’t get their act together. They don’t know how to sign a nonnuclear deal. They better get smart soon!,” Trump posted on the social media platform Truth Social shortly after 4 a.m. ET on Wednesday.The post was accompanied by an AI-generated picture of Trump holding a gun with explosions…
Strategists at banking giant HSBC are “max bullish” on stocks even as the Iran war drags on, as attention turns to Big Tech earnings momentum. In a note to clients published on Tuesday, the lender’s global multi-asset team — led by chief multi-asset strategist Max Kettner — said it was “still turbo bullish despite the Middle East conflict.” Global stocks were volatile in the immediate aftermath of the U.S. and Israel’s first strikes on Iran in late February, but have since shown resilience, with many major indexes recouping losses and now trading higher than before the war began. HSBC said…
Cognizant to buy Astreya for about $600 million Source link
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Happy Tuesday. Shares of key players in the artificial intelligence trade — like Oracle, Nvidia and SoftBank Group — are all falling this morning following a report that OpenAI missed internal targets for revenue and user growth.Stock futures are mixed in pre-market trading. The S&P 500 and Nasdaq Composite both recorded new record highs yesterday.Here are five key things investors need to know to start the trading day:1. The stage is setSam Altman, CEO of OpenAI (L) and Elon Musk, CEO of Tesla.ReutersThe nine-person jury was seated yesterday…
Sam Jones asked Wales’ six biggest parties what they planned to do to help support young people. Source link
Chancellor Rachel Reeves, Julia Hoggett, CEO of London Stock Exchange, and Lucy Rigby, Economic Secretary to the Treasury, launch a new campaign to get Brits investing, at London Stock Exchange on April 23, 2026 in London, England.Carl Court | Getty Images News | Getty ImagesThis report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here.The dispatchThe U.K. financial services sector is hoping that, by the end of the year, Britons will be very familiar with a cartoon squirrel called Savvy.The anthropomorphized rodent fronts an advertising campaign, costing a reported £20 million ($27 million) over the next three years, in support of…
A sign is displayed outside the El Capitan Entertainment Centre in Hollywood where the “Jimmy Kimmel Live!” show will be recorded on the first night the show will return to the ABC lineup on September 23, 2025 in Los Angeles, California. Mario Tama | Getty ImagesPresident Donald Trump is reviving calls this week for Disney-owned ABC to pull comedian Jimmy Kimmel off the air in yet another test for late night TV during the Republican president’s second term.While it’s not the first time Kimmel has faced backlash over a show monologue — his show was briefly suspended in September after…