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President Donald Trump speaks on the first day of the 2026 Republican National Convention at the American Airlines Center in Dallas, Texas, Sept. 9, 2026. Alex Wong | Getty Images U.S. President Donald Trump said he has no regrets about starting the Iran war and added that “If I had it to do again, I…
Treasury yields hit multiyear highs on Thursday as traders digested U.S. oil prices crossing $100 per barrel again, overshadowing a tame inflation report. The 10-year U.S. TreasuryΒ note yield β the key benchmark for mortgage borrowing, auto loans and credit card debt β was up more than 8 basis points at 4.926%. That’s the highest level…
The TSMC logo is displayed on a building in Hsinchu, Taiwan April 15, 2025. Ann Wang | Reuters Taiwan Semiconductor Manufacturing Co. reported record monthly revenue for August on Thursday, as demand for chips used in artificial intelligence applications remained strong. The world’s largest contract chipmaker posted revenue of $514.8 billion New Taiwan dollars ($16.35…
Despite an unrelenting rise in NFL team valuations, Jacksonville Jaguars owner Shad Khan told CNBC in an exclusive interview that the price of NFL teams is still undervalued compared with the price of teams in other professional sports leagues. “I think the run-up for NFL is almost endless,” said Kahn. Khan told CNBC that the…
Defense tech startup Covenant on Wednesday announced the opening of a 105,000-square-foot factory in Dallas to accelerate lower-cost missile manufacturing for the U.S. military. The startup, which is coming out of stealth and is backed by Andreessen Horowitz, Peter Thiel’s Founders Fund, Lux, 8VC, Aleph and Lightspeed, also announced $250 million in funding over three…
XPeng’s humanoid robot IRON is on display during the 2026 Guangdong-Hong Kong-Macao Greater Bay Area International Auto Show on May 31, 2026 in Shenzhen, Guangdong province of China. Vcg | Visual China Group | Getty Images Chinese companies rushed into electric cars a decade ago, and now they are expanding into humanoid robots as the…
File: A boat of the Iranian Revolutionary Guard at undisclosed location off the coast of Bandar Abbas, Iran August 2019. Nazanin Tabatabaee | WANA | Reuters The U.S. military on Tuesday said an unmanned submersible that Iran reportedly seized in the Strait of Hormuz was “defective” and carried no sensitive data or classified equipment. “An…
FILE PHOTO: The logo of Swiss drugmaker Novartis is seen at the company’s new cell and gene therapy factory in Stein, Switzerland, November 28, 2019. Arnd Wiegmann | Reuters Novartis shares tanked on Tuesday after the pharmaceutical giant said its del-desiran drug for muscle-wasting disorder failed in a late-stage trial. The company’s stock was last…
Goodbye, summer. With Labor Day marking the unofficial end of summer, traders and portfolio managers will return from vacations and be back at their desks in full force. Portfolios tend to see some house-cleaning adjustments. Trading volumes pick up. Midterm elections are also on the horizon this year, which can add volatility in the run-up…
Vessels near the Strait of Hormuz, as seen from Musandam, Oman, Aug. 31, 2026. Stringer | Reuters Oil prices rose to a six-week high on Monday as the U.S. and Iran traded strikes over the weekend, ratcheting up tensions in the Middle East. Brent crude oil futures, the international oil benchmark, rose 1.5% to $97.73…