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Global oil stockpiles could hit record lows if Strait of Hormuz remains closed

UBS

The world's oil stockpiles could approach all-time lows by the end of May due to the Strait of Hormuz closure, according to UBS.

CNBC US - 2026-05-16 13:25:00

Alphabet's Googlebook Brings Gemini AI to PC Hardware

GOOGL, DELL, HPQ, MSFT

Alphabet (NASDAQ: GOOGL) has spent the past two years making one bold move after another in the AI race. From the Gemini model family to its 8th-generation TPU architecture, to Google Cloud's explosive 63% revenue growth to a $460 billion cloud backlog, the company has systemat

Nasdaq Earnings - 2026-05-16 13:20:00

Berkshire's new CEO overhauls portfolio, dumping a slate of stocks

BRK.A

Berkshire Hathaway's equity portfolio got one of its biggest renovations ever during Greg Abel's first three months as the company's CEO.

CNBC US - 2026-05-16 13:18:09

Cisco is the most overbought stock in the S&P 500. Here are the others.

Cisco was the most overbought stock in the S&P 500 this week, meaning its shares could be due for a pullback, according to a CNBC Pro screener.

CNBC US - 2026-05-16 13:17:24

UAE says its decision to leave OPEC was a strategic economic move, not a political one

The United Arab Emirates, which joined OPEC in 1967, announced last month it was leaving the oil producer group on May 1.

CNBC World - 2026-05-16 13:13:19

DexCom Maps G8 Launch, Coverage Expansion and Double-Digit Growth at Investor Day

DXCM

Sell in May and Go Away—Starting With These 3 StocksDexCom (NASDAQ:DXCM) used its 2026 Investor Day to outline a long-range plan centered on new product launches, broader insurance coverage for continuous glucose monitoring, international expansion and margin improvement. Presid

Nasdaq Dividends - 2026-05-16 13:08:07

We traded our smartphones for flip phones for 4 days—and learned that ditching modern technology is harder than it sounds

MODC

Two CNBC Make It reporters used flip phones instead of smartphones for four days, as a digital detox experiment. Both say they'd do it again.

CNBC US - 2026-05-16 13:05:01

Why J&J thinks its new psoriasis pill could be one of its biggest drugs ever

Investors are counting drugs like Icotyde to accelerate J&J's revenue growth rate.

CNBC World - 2026-05-16 12:23:16

Peloton Stock Gives Back Gains After Upbeat Earnings Report

PTON, SPOT

Shares of Peloton Interactive Inc. (NASDAQ: PTON) have been attempting a comeback after hitting a 52-week low in mid-March. The stock has climbed more than 40% since then, as the market has seemingly begun to buy into the idea that the company’s long-running turnaround effort m

Nasdaq Earnings - 2026-05-16 12:10:00

Cerebras' blockbuster IPO boosts hype for SpaceX and OpenAI, but crowds out smaller players

IPO, OPENAI

After Cerebras popped in its market debut, all attention turns to SpaceX, OpenAI and Anthropic, which are already among the most valuable U.S. tech companies.

CNBC Tech - 2026-05-16 12:00:01

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