Economy

BP profit more than doubles as Trump blasts Big Oil for ‘making too much money’

The result come after U.S. President Donald Trump lashed out at Big Oil for making "too much money" off higher fuel prices amid the Iran war.

Saudi Aramco profits jump 33% in second quarter as Iran war squeezes oil supply

The results come as oil supermajors have reported blowout quarterly profits, benefitting from higher fossil fuel prices amid the Iran war.

Deutsche Bank says gold’s 'explosive' run isn't over and gives a bullish end-of-year forecast

Deutsche Bank says gold’s explosive price behavior is ongoing, even after spot prices fell from a January record and doubled since August 2024.

McDonald's is about to report earnings. Here's what to expect

McDonald's stock has fallen more than 11% this year, dragging its market cap down to roughly $191 billion.

Price of olive oil expected to rise again as European crops feel the heat

Farmers warn impact of high temperatures, drought and wildfires on range of foodstuffs means costs will increase

AI is helping Grab ship products more than 30% faster, CFO says, as company raises forecasts

Grab reported second-quarter results on Tuesday and raised its full-year outlook.

India to raise up to $3.3 billion by selling stake in country’s largest life insurer at 10% discount

Indian government plans to raise up to $3.3 billion by selling its stake in the country's top life insurance company.

CNBC Daily Open: Fast and furious intervention to prop up the yen

Japan, having intervened to prop its weakening currency to little effect in the past, roped in the U.S. to stage a coordinated intervention.

Jim Cramer says Wall Street's latest trading trend is creating buying opportunities

CNBC's Jim Cramer said stocks are increasingly moving as part of thematic trading baskets rather than on company-specific fundamentals.

Cramer's lightning round: Buy Carvana

"Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.

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

The Dow Industrials surged almost 700 points to notch a record close Monday. Tune in to CNBC on Tuesday for an interview with Snap CEO Evan Spiegel.

Analysis: Federal Reserve may be pulled into Bessent’s effort to support Japan’s yen

Treasury Secretary Scott Bessent wants to defend the yen without selling Treasurys into a sensitive U.S. bond market. The Federal Reserve could help.