News

Tech investors loved this earnings season — but the Iran war is piling pressure on the companies powering the AI boom

Stocks continue to rally amid the AI boom, but the chip sector is scrambling to shore up access to key materials as costs rise.

How China became Russia's economic lifeline

Hot on the heels of Donald Trump's visit, Russian President Vladimir Putin travels to Beijing for talks with Xi Jinping. DW explores how China's trade and financial support is helping keep Russia's economy afloat.

Standard Chartered to cut over 15% of corporate functions roles as it targets higher returns

Standard Chartered will trim corporate functions roles and target a more than 20% increase in income per employee by 2028 as it seeks stronger returns.

Starbucks Korea sacks CEO over controversial 'Tank Day' promotion

SBUX, SBUXN, SBUXCL, SBUX.USD

Starbucks withdrew the campaign for its drink tumblers after many said it referenced a bloody crackdown.

After U.S. SEC, Treasury and Justice departments offer billionaire Gautam Adani legal relief

The U.S. Treasury Department settled a case against Adani Enterprises, involving the purchase of sanctioned Iranian energy between November 2023 and June 2025.

Standard Chartered to cut thousands of roles as AI use increases

The UK-headquartered banking giant aims to move some of the effected workers to other roles in the business.

Hogs Face Monday Weakness

Lean hog futures were down 22 to 95 cents across the board on Monday. USDA’s national base hog price was reported at $94.88 on Monday afternoon, up $3.36 from the day prior. The CME Lean Hog Index was down 2 cents on May 14 at $90.46. On Sunday, the White...

CNBC Daily Open: Bonds sell-off, markets dip, oil worries loom — and Trump postpones Iran attack

Asia markets were mixed ahead of the highly anticipated Trump-Xi talks.

Putin heads to Beijing days after Trump in test of China's balancing act

Beijing walks into the summit with the stronger hand while Moscow seeks reassurance that China has not drifted toward Washington after Trump's visit.

Oil prices fall after Trump delays planned Iran strike, easing supply disruption fears

Oil prices fell after U.S. President Donald Trump said he would postpone a planned military strike on Iran following requests from key Middle Eastern leaders.