Author: Editor-In-Chief
President Donald Trump speaks during a presentation with Environmental Protection Agency Administrator Lee Zeldin (not pictured) in the Oval Office of the White House on May 21, 2026 in Washington.Kevin Lamarque | ReutersPresident Donald Trump on Thursday announced a postponement of two Biden administration-era EPA refrigerant rules, arguing the measure would reduce costs for businesses and save consumers money at the grocery store. The administration estimates that American businesses and families will save more than $2.4 billion under the new rules. “Our actions will help companies choose the refrigeration system that works best for them, saving them billions of dollars,”…
A ship anchors and an Iranian flag waving in the wind in the Strait of Hormuz near Larak Island, Iran, on May 16, 2026.Majid Saidi | Getty Images News | Getty ImagesThe United States and Iran have signaled progress in talks to end the war, but the militants remain at odds over Iran’s enriched uranium stockpile and tolls through the strategic Strait of Hormuz.US Secretary of State Marco Rubio said on Thursday there were “good signs” that a deal to end the conflict was on the horizon, but warned that such a deal would become “unfeasible” if Iran pursues permanent…
Nvidia CEO Jensen Huang introduced Vera Rubin, a next-generation AI data center platform, and Rubin Ultra, a next-generation AI GPU architecture, during a keynote address at the company’s annual GTC developer conference on March 16, 2026 in San Jose, California. Josh Edelson | AFP | Getty ImagesNvidia CEO Jensen Huang has far exceeded even the most optimistic forecasts for spending on AI.During an earnings call Wednesday night, Hwang said he believes AI capital spending could reach up to $4 trillion.”Capex is at $1 trillion and increasing towards $3 trillion to $4 trillion (trillion dollar level),” he said, speaking only of…
British police investigating Andrew Mountbatten-Windsor have renewed their appeal for information about possible misconduct involving King Charles III’s younger brother. Thames Valley Police announced on Friday that they were investigating “many aspects of wrongdoing” and speaking to “numerous” witnesses after the US Department of Justice released files on the late sex offender Jeffrey Epstein. In addition to the misconduct charges, police said they were also investigating reports that a woman was taken to an address in Windsor for “sexual purposes” in 2010. Police said in February that they were aware of such reports and were evaluating the information. Investigators have…
(This is CNBC’s Power Insider newsletter, giving you an inside look at the investments, people and companies that power the global energy industry. Click here to subscribe.)power pointWhat we heard from energy stakeholdersOil prices have hit new highs this week, with media outlets quoting President Trump as saying Iran negotiations are in the “final stages”. But that’s not the real reason. The real trigger was that ships began passing through the Strait of Hormuz. As soon as hedge funds started seeing an increase in traffic, oil prices started falling, even before the Trump headlines hit.Sure enough, oil prices rose on…
This photo shows collectible cards from the Pokémon Trading Card Game (TCG) on display in an amateur collector’s apartment in Paris on March 11, 2026.Martin Lelièvre | AFP | Getty ImagesWhen I was a kid in the late ’90s, collecting Pokemon cards was a fun hobby. I used to buy packs in hopes of getting the rarest “shiny” cards, or holographic cards. We would trade with friends or go to meetups to exchange cards, aiming to “catch them all.” This was the catchphrase that defined the series as it transitioned from Nintendo’s Game Boy to an animated television show.When I…
If there are two things traders love right now, it’s cutting-edge technology and comeback stories across America. Throw in aid from the U.S. government, and that became the recipe for success.That may explain why traders are pouring money into options. IBM Following the news, the Armonk, New York-based giant will receive $1 billion from the U.S. Department of Commerce, the largest recipient of a series of grants supporting quantum computing.Options traders flooded the stock, trading about 200,000 contracts at a rate 15 times the daily average over the past 30 days, according to data from Cboe’s LiveVol. Calls outnumbered puts…
The logo of Lenovo, a Chinese multinational technology company, seen in Shenzhen. (Photo by Alex Tai/SOPA Images/LightRocket, Getty Images)Alex Tye | SOPA Images | Light Rocket | Getty ImagesLenovo stock soared more than 15% on Friday after the computer and electronics giant posted strong revenue growth driven by growth in its artificial intelligence business. Group revenue reached $21.6 billion in the March quarter, up 27% year-on-year, the highest growth rate for the Hong Kong-based Chinese multinational in five years. Net income increased nearly six times to $521 million. Full-year results were the highest ever. A standout performance was AI-related revenue,…
A man is photographed outside the Versailles restaurant in Miami, Florida, on May 20, 2026, holding a sign supporting the charges announced by U.S. federal prosecutors against the former Cuban president. Chandan Khanna | AFP | Getty ImagesThe US pressure campaign against Cuba appears to have entered a new phase, raising serious questions about the Trump administration’s ultimate goals for the communist-ruled Caribbean island.The Justice Department on Wednesday released an indictment charging former Cuban President Raul Castro with murder in the 1996 downing of his military plane. Castro is 94 years old and was defense minister at the time of…
As a deadly Ebola outbreak tears through northeast Democratic Republic of the Congo, many first responders are turning a critical eye on events that preceded the crisis: layoffs of health workers funded by the United States, shortages of critical medical supplies and a steep reduction in American support for global aid programs. The World Health Organization says more than a hundred deaths are thought to be linked to this outbreak, with nearly 600 suspected cases so far and it’s warning that “we know the scale of the epidemic in DRC is much larger.” It also said this strain of the…