Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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Shell posts best quarterly profit in four years as Iran war boosts oil and gas prices
The bumper result comes as energy majors receive a profit boost from soaring fossil fuel prices amid the Iran war.
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The Strait of Hormuz is just one trade chokepoint facing a new era of maritime warfare
Attacks near the Strait of Hormuz, Red Sea and Black Sea are pushing shipowners to reroute cargo and rethink global trade risks.
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Here’s why Europe’s hot summers are becoming an expensive challenge
Record heatwaves are straining Western Europe’s infrastructure, businesses and budgets as wildfires and insurance costs rise.
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China threatens retaliation against U.S. humanoid robot ban, says it ‘severely damages’ relations
China’s Commerce Ministry said Thursday the U.S. Federal Communications Commission has repeatedly ignored Beijing’s restrained stance.
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China AI supplier Zhongji Innolight slips in Hong Kong debut after $6.8 billion IPO
Shares of Zhongji Innolight fell on Thursday after the Chinese optical transceiver maker made its trading debut on the Hong Kong Stock Exchange.
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Analysis: Fed Chairman Warsh’s credibility in question after leaving interest rates unchanged
The Fed held interest rates steady, but long-term Treasury yields jumped. Investors are questioning whether he will act forcefully enough on inflation.
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