Author: Editor-In-Chief
FRANKFURT, Germany (AP) — Recession continues to disrupt energy supplies from the Middle East iran war The Organization for Economic Co-operation and Development said in a report on Wednesday that it would plunge some countries into recession, raise inflation and unemployment, and deal a severe blow to the global economy.The hardest hit will be Asian economies that rely on crude oil, fuel and natural gas from the Persian Gulf, whose supplies have been severely disrupted by the closure of the Strait of Hormuz due to the risk of an Iranian attack. Poorer countries, where people spend much of their income…
Coralogix, a Boston-based, Israeli-founded software monitoring startup, has raised $200 million in a new funding round, betting that the rise of AI agents will drive demand for a new generation of tools to monitor, troubleshoot and manage increasingly autonomous software systems. The Series F funding comes just 11 months after Coralogix raised $115 million in a Series E round, a pace that reflects how rapidly investor appetite for AI infrastructure companies has accelerated. The new round values the startup at $1.6 billion post-money and was led by Advent and Canada Pension Plan Investment Board (CPPIB), with participation from Greenfield Partners…
ADP reported on Wednesday that private employment expanded at a rapid pace in May, providing further evidence of labor market stability.The payroll firm said companies added 122,000 employees in the month, up from 105,000 in April and above the Dow Jones consensus estimate of 110,000. May was the strongest month since January 2025. April’s total was revised downward by 4,000 cases.Unlike last month, when job growth was concentrated in health care and a few other sectors, the increase was more widespread. Eight of the 10 sectors in the ADP track saw increases, with employment spread evenly across both company size…
People walk past the Reserve Bank of India sign in front of an installation booth at Global FinTech Fest on August 28, 2024 in Mumbai, India.Indranil Aditya | Null Photo | Getty ImagesThe central bank of India may keep its benchmark interest rate unchanged at Friday’s monetary policy meeting, contrary to expectations that it would do so.A majority of economists surveyed by CNBC expect the Reserve Bank of India to keep interest rates unchanged at 5.25%, while suggesting a rate hike may only occur towards the end of the year. Few expect policymakers to act at this week’s meeting to…
Sen. Thom Tillis (R-North Carolina) questions Treasury Secretary Scott Bessent during a Senate Banking, Housing, and Urban Affairs Committee hearing on February 5, 2026 in Washington, DC.Nathan Posner | Anadolu | Getty ImagesRepublican Sen. Thom Tillis on Wednesday denounced President Donald Trump’s choice to lead the U.S. intelligence community as a “seditious attack dog” and said there was no path for him to be confirmed by the Senate.The retiring North Carolina senator’s comments on CNBC’s “Squawk Box” further intensified the backlash against current Federal Housing Finance Agency Director Bill Peult, whom President Trump named acting director of national intelligence on…
Bitcoin symbols seen at a kiosk in Krakow, Poland, February 20, 2026. Jakub Porzycki | Null Photo | Getty ImagesBitcoin It fell to its lowest level since February on Wednesday as other asset classes continued to drive investors away from cryptocurrencies.The world’s largest cryptocurrency fell 2.3% to $65,385. it came after that S&P500 and Nasdaq 100 Tuesday closed at a record high. Asian stocks generally rose on Wednesday, with Japan’s Nikkei Stock Average hitting a new record high.According to QCP’s trading desk, “the broader issue is liquidity rotation.” “Cryptocurrencies face competition for capital as stock markets continue to outperform, with…
The Goldman Sachs logo is displayed on the floor of the New York Stock Exchange on Wednesday, August 11, 2010 in New York City. Ramin Tarai | History of Corbis | Getty ImagesalphabetThe company’s plan to sell $80 billion in stock to fund its artificial intelligence efforts will keep the market in “unprecedented territory,” Anthony Gutman, co-chief executive officer of Goldman Sachs International, told CNBC in an exclusive interview Wednesday. Google’s parent company said in a statement Monday that its stock offering includes an allocation of $10 billion to Greg Abel’s Berkshire Hathaway for “funds to invest in world-class AI…
summary Following allegations of forced labor and pressure from the United States, several Latin American countries have terminated contracts with Cuban medical corps. Honduras discontinued the program in March, leaving patients to pay thousands of fees for surgeries previously available through Cuban doctors. The human rights report acknowledges that the mission expands access to health care, while asserting that Cuban medical staff face low wages and coercive conditions. AI-generated summaries were reviewed by CNN editors. bogota, colombia — Hector Zelaya carefully walks through an abandoned eye clinic in Honduras at the slow pace of someone still learning to see. The…
Arsenal will be crowned Premier League champions for the 2025-26 season, with Martin Odegaard lifting the Premier League trophy.Michael Regan | Getty Images Sports | Getty ImagesThis report is from this week’s CNBC UK Exchange newsletter. Is it what you see? You can subscribe here.dispatchWhen Arsenal captain Martin Odegaard lifted the Premier League trophy at Crystal Palace’s Selhurst Park ground in south London on May 24, one might think all was well in English football (or soccer…). Arsenal won their 14th league title, their first in 22 years, and became the third club to lift the trophy in the same…
A pedestrian passes in front of a Tesla store in Shanghai, China, on March 14, 2024.Cost Photo | Null Photo | Getty ImagesSales of Tesla’s Chinese-made electric vehicles rose nearly 40% in May on the back of a broad recovery in the country’s EV market.In May, the company delivered 85,982 new energy vehicle units from its Shanghai Gigafactory, which produces Model 3 and Model Y units for China and several overseas markets, according to preliminary data released by the China Passenger Car Association on Tuesday. This represents a 39.4% year-on-year increase when compared to the same period in 2025.According to…