Iranian lawmakers want Foreign Minister Abbas Araghchi removed over his contact with President Donald Trump’s envoys in New York. The bid comes as Iran’s oil exports have fallen to zero.
The US, however, tells a different story about that contact....
Schwab’s Kevin Gordon says the S&P 500 sits 1% below its high, yet the average stock had a 14% drawdown. He says AI stocks carry the index, so one capex miss, a shortfall in AI capital spending, could disrupt earnings.
However, that 14% is the...
Rising rates and oil prices are squeezing the stock market, and CNBC’s Investment Committee is split on how to respond. Steve Weiss is raising cash while Jim Lebenthal stays fully invested.
The committee, a panel of money managers on CNBC’s Halftime...
Traders placed record bets against oil on Tuesday. Volume in Brent put options topped 764,000 contracts, according to preliminary ICE Futures Europe data cited by Bloomberg.
A put option pays off when prices fall below a set level. Some of Tuesday’s...
Copper futures touched a record $6.95 a pound intraday on September 22 and closed at a record $6.92. The gain arrived a day after Michael Burry named a copper miner as his indirect artificial intelligence (AI) bet.
The rally has accelerated since...
Arthur Hayes says the US insurance industry is already insolvent once AI-linked debt is marked to market. The claim rests on captive reinsurance structures that book worthless promises as real capital.
Forensic accountant Thomas Gober, publishing...
The copper price trades near $6.30 a pound on Tuesday, down almost 8% from its early August record, after the metal posted its first losing week since June.
Economist Steve Hanke told his followers to stay long on copper six days ago, hours before...
Apple will hold its first major product keynote under new chief executive John Ternus on September 9. A foldable iPhone is expected to headline the event at Apple Park in Cupertino.
Tim Cook became Apple’s executive chairman on September 1, and...
Elon Musk has backed a fringe physics theory that says quantum computers can only grow so big. Crypto traders turned his five word reply into proof that Bitcoin (BTC) is already safe from them.
But it is not proof. The theory comes from Oxford...
Bitcoin (BTC) just posted its strongest three-day rally since 2023, and two prominent investors now say the move reflects capital finally leaving an overheated artificial intelligence (AI) trade.
There has been much speculation about the role AI...
