News

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Snap's stock jumps 11% on plans to axe 16% of its workforce citing AI efficiencies

Snap's stock jumps 11% on plans to axe 16% of its workforce...

Snap was up in premarket trading on Wednesday after announcing plans to lay off...

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Bank of America tops estimates as CEO Brian Moynihan says consumer banking is 'healthy'

Bank of America tops estimates as CEO Brian Moynihan says...

Bank of America, the second-largest U.S. bank by assets, has topped expectations...

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Luxury stocks fall as Iran war weighs on earnings; Hermes sinks 14%

Luxury stocks fall as Iran war weighs on earnings; Hermes...

Hermes said wholesale activity was "significantly affected" in the first quarter...

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U.S. Treasury yields hold steady as markets eye Middle East resolution

U.S. Treasury yields hold steady as markets eye Middle...

U.S. Treasury yields were unchanged Wednesday as investors weighed the latest developments...

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Trump renews criticism of UK, saying it should ‘drill, baby, drill’ for North Sea oil

Trump renews criticism of UK, saying it should ‘drill,...

Trump's comments come at a time when the U.K. government has said the Iran war energy...

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Trump takes aim at Pope Leo again, days after calling him 'weak on crime'

Trump takes aim at Pope Leo again, days after calling him...

Trump's remarks came amid a running spat between the White House and the Vatican...

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Kering stock slumps 6% after Gucci sales drop, Iran war weighs on earnings

Kering stock slumps 6% after Gucci sales drop, Iran war...

While results underwhelmed, investors' attention is firmly on the company's Capital...

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Samsung SDS shares jump 20% on KKR partnership and $820 million bond purchase

Samsung SDS shares jump 20% on KKR partnership and $820...

KKR & Co has agreed to acquire $820 million of newly issued convertible bonds...

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CNBC Daily Open: Back-to-back gains on Iran peace talks hope

CNBC Daily Open: Back-to-back gains on Iran peace talks...

Global stocks rally in back-to-back gains on optimism of renewed peace talks between...

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U.S. crude trades lower as possible Washington-Tehran talks raise hopes for Mideast peace deal

U.S. crude trades lower as possible Washington-Tehran talks...

Oil prices traded mixed as optimism grew that Iran may restart negotiations with...