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Justice Department refuses to assist French probe into Musk’s X, WSJ reports
Stocks News

Justice Department refuses to assist French probe into Musk’s X, WSJ reports

The U.S. Justice Department has told French law enforcement it will not assist with efforts to investigate tech billionaire Elon Musk’s social media platform X, The Wall Street Journal reported on Saturday, citing a letter from the DOJ’s Office of International Affairs, dated Friday. In February, Paris prosecutors raided X’s French offices and ordered Musk […]

No escape: U.S.-Iran war, $4 gas, have taken all the fun out of consumer spending
Stocks News

No escape: U.S.-Iran war, $4 gas, have taken all the fun out of consumer spending

Consumer spending and credit card balances remain healthy, but the U.S.-Iran war has led to a pullback in entertainment-related discretionary purchases.  Dave & Buster’s and other ‘eatertainment’ venues, such as bowling and escape rooms, are in a slump, according to Placer.AI data, though some of the stress predates the current conflict. President Trump mentioned on Friday the […]

Construction on Trump's White House ballroom can continue for now, U.S. appeals court says
Stocks News

Construction on Trump's White House ballroom can continue for now, U.S. appeals court says

A federal appeals court is allowing President Donald Trump to continue building a $400 million ballroom at the White House, ruling a day after a lower court judge continued to block above-ground construction on the site of the former East Wing. A three-judge panel of the U.S. Court of Appeals for the District of Columbia […]

Apple's iPhone shipments in China surge 20% in first quarter, data shows
Stocks News

Apple's iPhone shipments in China surge 20% in first quarter, data shows

Apple’s iPhone shipments surged 20% in China in the first quarter, for the strongest growth among ⁠major vendors, despite an overall decline as rising prices of memory chips boosted costs, ​data from Counterpoint Research ​showed. Overall, smartphone shipments ​dropped 4% in the world’s largest smartphone industry in the period from January to March, hit by […]

Iran declares Strait of Hormuz open to shipping but Trump says U.S. blockade still active
Stocks News

Iran declares Strait of Hormuz open to shipping but Trump says U.S. blockade still active

Iran’s foreign minister declared the Strait of Hormuz open to all commercial ships during the ceasefire between Israel and Lebanon. President Donald Trump thanked Tehran for opening the strait, but noted the U.S. blockade of Iran’s ports remains in effect. Iranian media affiliated with the Revolutionary Guard described a limited reopening of the strait. It […]

'It's sad': The U.S.-UK 'special relationship' sours ahead of royal visit to Washington
Stocks News

'It's sad': The U.S.-UK 'special relationship' sours ahead of royal visit to Washington

President Donald Trump used to lavish praise on the U.K. and Prime Minister Keir Starmer. This also touches on aspects of investors. But since the Iran war began, Trump has singled London out for particular criticism. The U.K. has refused to be “dragged into” the U.S.’ war against Iran, Starmer has noted. A year ago, […]

U.S. renews Russian oil waiver after pressure from countries dealing with Iran war price shocks
Stocks News

U.S. renews Russian oil waiver after pressure from countries dealing with Iran war price shocks

Waiver aims to stabilize energy prices amid Iran war and Middle East tensions. Lawmakers criticize waivers for benefiting Russia during war with Ukraine. Analyst warns energy sector tools are ‘nearly exhausted’. EU urges no relaxation of Russia sanctions. The Trump administration on Friday renewed a waiver allowing countries to procure sanctioned Russian oil at sea […]

Trump says U.S. has 'good news' on Iran as Tehran says the Strait of Hormuz is closed again
Stocks News

Trump says U.S. has 'good news' on Iran as Tehran says the Strait of Hormuz is closed again

Trump says a blockade of Iranian ports will stay in place. Iran had declared the Strait of Hormuz open on Friday. But Iranian state media say the key energy chokepoint has closed again because the U.S. “did not fulfill their obligations.” President Donald Trump sounded optimistic about the progress of peace talks with Iran and […]

Nexstar says it will appeal following U.S. judge ruling halting Tegna merger
Stocks News

Nexstar says it will appeal following U.S. judge ruling halting Tegna merger

Nexstar mentioned on Friday it will appeal a federal judge’s ruling halting its acquisition of rival broadcaster Tegna, after the judge issued ​a preliminary injunction as ​antitrust challenges from DirecTV ​and a group of states proceed. Chief U.S. District Judge Troy Nunley in Sacramento commented the plaintiffs were likely to succeed on their claims that […]

We spoke to over 30 central bankers, policymakers and politicians. Here are their top concerns
Stocks News

We spoke to over 30 central bankers, policymakers and politicians. Here are their top concerns

CNBC spoke to more than 30 policymakers at the IMF Earth Bank meetings in Washington, DC, this week. The U.S.-Iran war, which is nearing its eighth week, dominated conversation. Uncertainty is weighing on the global outlook, with officials saying the war is already affecting inflation and growth. Policymakers around the international community are closely watching […]

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