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Energy
Trump warns Iran to ‘get moving’ or ‘there won’t be anything left’
U.S. President Donald Trump speaks to the media aboard Air Force One on May 15, 2026 as he returns to the United States. Alex Wong | Getty ImagesPresident Donald Trump on Sunday threatened Iran to "get moving," or seemingly face new…
Global oil stockpiles could hit record lows if Hormuz Strait stays closed
Global oil inventories are falling at a record pace to compensate for the big supply disruption in the Middle East and they will approach critical levels if the Strait of Hormuz does not reopen. Higher prices for oil and fuel are likely…
How China and U.S. eased the oil shock and kept prices from spiking even
China and the United States have provided critical support to the oil market and helped ease the huge supply disruption in the Middle East and kept energy prices from surging even higher. The oil market has lost about 10 million barrels…
Venezuela embarks on $150 billion restructuring of sovereign, oil debt
Venezuela's interim President Delcy Rodriguez speaks during a press conference after a signing of an agreement ceremony between Chevron Venezuela and the national government at the Miraflores Palace in Caracas on April 13, 2026.…
Former Tesla CFO Ahuja joins EV battery recycler Redwood Materials
Deepak AhujaSource: VerilyRedwood Materials, the electric vehicle battery recycling business started by Tesla board member and former CTO JB Straubel, is bringing on another former Tesla executive, Deepak Ahuja, as CFO, the company…
Aramco CEO says oil market will take months to normalize due to Hormuz
The oil market will take until 2027 to normalize if the disruption in the Strait of Hormuz persists beyond the middle of June, the CEO of the world's largest oil company warned Monday. "If the Strait of Hormuz opens today, it will still…
Alphabet 160% rally in year reflects value of owning most of AI stack
Sundar Pichai, chief executive officer of Alphabet Inc., during the Bloomberg Tech conference in San Francisco, California, US, on Wednesday, June 4, 2025.David Paul Morris | Bloomberg | Getty ImagesAlphabet briefly passed Nvidia by…
Frontier Airlines forecasts revenue boost from Spirit collapse
Spirit Airlines and Frontier Airlines ticket counters at Kansas City International Airport.Leslie Josephs/CNBCFrontier Airlines expects a revenue boost from Spirit Airlines' collapse over the weekend, a shuttering that removed Spirit's…
Strait of Hormuz risk fuels Wall Street NACHO trade bets on oil prices
Traders are embracing the “NACHO” trade, a new Wall Street acronym for "Not A Chance Hormuz Opens." as investors grow skeptical the Strait of Hormuz crisis will end soon.Maica | Istock | Getty ImagesMove over TACO trade. Traders now have…
Apple’s R&D spending climbs to 10% of revenue on AI investments
Apple CEO Tim Cook gestures as he departs after a business leaders reception with the U.S. president on the sidelines of the World Economic Forum annual meeting in Davos on Jan. 21, 2026.Fabrice Coffrini | Afp | Getty ImagesFor the first…