Economy

Strait of Hormuz shutdown: A visual guide to world's most critical oil chokepoint

Data shows how the outbreak of the Iran war in February and the closure of the Strait of Hormuz saw trade grind to a halt, triggering a severe global energy shock.

European stocks end higher as investors mull potential Iran ceasefire extension

Shares listed in Europe ended broadly higher on Friday morning.

‘It feels unfair’: the Britons struggling to get a mortgage since Iran war began

Whether first-time buyers, in between homes or refixing, people tell of impact of higher mortgage rates on housing

Asia's Rich Fear Losing the Family Fortune

Asia's wealthy families want to preserve their fortunes across generations, but many still lack basic succession plans, according to a new Lombard Odier survey.

Michael Dell Courted Trump Early. His Company Has Reaped Rewards

The dynamic is emblematic of how business is seeking to sow favor with the president in his second term, and has departed from the norms of big business philanthropy.

CNBC Daily Open: Tech earnings defy Iran strikes and inflation concerns

Global markets rally on the strength of tech and AI despite continued uncertainty in Middle East.

Costco issues a lukewarm quarter, but delivers on the metric that matters most

It was not the best quarter, but far from bad.

Friday's big stock stories: What’s likely to move the market in the next trading session

The S&P 500 and the Nasdaq Composite closed at new records on Thursday as the tech sector jumped. Both indexes are on pace for healthy May gains.

Asia markets rise as investors weigh Iran military activity against signs of temporary U.S.-Iran deal

Asia-Pacific markets rose as investors shrugged off renewed Iran tensions against ceasefire optimism.

Jim Cramer says these 3 mistakes are keeping investors out of AI winners

CNBC’s Jim Cramer pointed to three reasons investors may be missing some of the market’s biggest AI winners.

The first inflation report under new Fed chief Kevin Warsh shows prices at highest in nearly 3 years

Updated on: May 28, 2026 / 6:02 PM EDT / CBS News

Stock futures are little changed as traders eye developments in Middle East: Live updates

Boosted by a rally in the tech sector, all three major averages rose to fresh closing highs on Thursday.