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Energy
Iran has mined ‘large segments’ of Hormuz Strait, Secretary of State Rubio
US Secretary of State Marco Rubio testifies during a Senate Foreign Relations Committee hearing concerning the fiscal year 2027 budget for the State Department, on Capitol Hill in Washington, DC, on June 2, 2026. Brendan Smialowski | AFP…
Cook’s AI legacy at stake in final developer conference
Apple heads into next week's Worldwide Developers Conference with its stock near record highs, iPhone momentum improving and one unresolved question hanging over Tim Cook's final developer conference as CEO: Can Apple finally deliver the…
Big Tech’s AI ambitions pose a major power test for Europe
Cooling towers at the Dampierre-en-Burly nuclear power plant, operated by Electricite de France SA (EDF), in Dampierre-en-Burly, France, on Tuesday, May 3, 2022. EDF's falling nuclear production, combined with Russia's invasion of…
The three reasons why oil is staying below $100 a barrel
(This is CNBC's "Power Insider" newsletter, your inside look at the investments, people and companies powering the global energy industry. Click here to subscribe.)POWER POINTWhat I'm hearing from energy insidersWith so many problems…
LG Energy Solution’s shares surge as much as 16% after landing major U.S.
An LG Energy Solution Co. battery cell at the InterBattery exhibition in Seoul, South Korea, on Wednesday, March 5, 2025. SeongJoon Cho | Bloomberg | Getty ImagesShares of LG Energy Solution closed 15.25% higher Thursday after its U.S.…
Nvidia, Meta, Walmart among top companies in adopting AI
It seems every company is obsessed with artificial intelligence these days, whether it's how the technology is transforming their industry or its effects on employees and customers. But the degree to which companies are using AI tools…
Oil markets bet on a swift end to Iran war. Investors may regret it
Oil futures are still pricing a quick resolution to the Iran war — but analysts warn that investors and consumers are likely to be left disappointed.Prices jumped more than 3% at one point early Thursday after the U.S. and Iran exchanged…
Exxon warns oil inventories will hit dangerously low levels due to Iran war
Gas prices are displayed at an Exxon station ahead of the Memorial Day weekend in Great Neck, New York, May 22, 2026.Shannon Stapleton | ReutersExxon Mobil warned Thursday that oil inventories will fall to record low levels in coming…
American households pay more as energy costs rise due to Iran War, data
Americans have spent nearly $450 extra per household on rising energy costs during the Iran War, according to an analysis shared exclusively with CNBC's Steve Liesman.The average household has shelled out $447.19 for additional…
Drone stocks surge on report Pentagon considering stakes in the industry
Anton Petrus | Moment | Getty ImagesDrone stocks surged Thursday on a report the Trump administration is in talks to fund several companies including one in which Donald Trump Jr. is a shareholder. The Pentagon has held months of…