News

Starbucks Korea sacks CEO over controversial 'Tank Day' promotion

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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.

ICE agent charged in Minnesota with assault in shooting of immigrant

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Christian Castro is the second ICE agent to be charged for actions during Operation Metro Surge, the Trump administration's immigration-enforcement mission.

Wheat Rally Holds Up on Monday on US/China Trade Numbers

The wheat market was sharply higher across all three exchanges on Monday, following a White House fact sheet release over the weekend. Chicago SRW futures were 17 ¾ to 28 ¾ cents higher across the board. KC HRW futures were 13 to 16 ¼ cents in the green at the...

Cotton Rallies into the Monday Close

Cotton futures closed the Monday session with contracts 110 to 309 points higher on the day. The US dollar index was $0.298 lower at $98.91. Crude oil was up $1.83 at $107.25 on the day. NASS Crop Progress data showed 41% of the US cotton crop planted as of May...