Oil prices fall as Iran sees progress in nuclear talks with U.S.
Oil prices fell Tuesday after Iran’s foreign minister said progress was made during nuclear talks with the U.S., fueling hopes that negotiations could prevent another conflict in the Middle East. U.S. crude oil fell 61 cents, or 0.97%, to $62.28 per barrel by 10:26 a.m. ET. Global benchmark Brent was Continue Reading
Prediction markets head into basketball season after Super Bowl high
A basketball finds nothing but net during practice before a 2024 NCAA Tournament game at PPG Paints Arena in Pittsburgh. Charles LeClaire | Reuters Prediction markets saw strong results from the Super Bowl, but it was just an appetizer for a banquet of sporting events in 2026 that are expected Continue Reading
Dave’s Hot Chicken investors bet on birria with new deal
The restaurant investors behind the success of Dave’s Hot Chicken are making a new nationwide bet on the next-hottest restaurant trend: birria. Mike’s Red Tacos, a San Diego-based birria chain with just two locations, plans to announce on Tuesday a new franchising initiative that will build hundreds of restaurants across Continue Reading
Iran partially closes Strait of Hormuz amid U.S. nuclear talks
Iranian Navy soldiers at an armed speed boat in Persian Gulf near the strait of Hormuz about 1320km (820 miles) south of Tehran, April 30, 2019. Morteza Nikoubazl | Nurphoto | Getty Images Iran partially closed the strategically vital Strait of Hormuz on Tuesday, state media reported, citing “security precautions” Continue Reading
Scenes from a CRE finance conference
CNBC’s Diana Olick sits down with CRE leaders at the the Mortgage Bankers Association’s annual finance conference. CNBC Property Play brings you interviews with some of the biggest names in real estate, touching on everything from commercial and residential to finance and the mortgage markets, innovation in the industry and Continue Reading
Stocks making the biggest moves premarket: WBD, PSKY, MASI, DHR
Check out the companies making headlines before the bell: Warner Bros. Discovery , Paramount Skydance — Shares of the two media and entertainment companies rose after Netflix granted Warner Bros. Discovery a seven-day waiver to hold deal talks with Paramount Skydance. Warner Bros. Discovery gained 2.4%, while Paramount jumped nearly Continue Reading
Netflix grants WBD 7-day waiver to reopen deal talks with Paramount Skydance
Warner Bros. Discovery on Tuesday said it will reopen deal talks with Paramount Skydance under a 7-day waiver from Netflix to explore “deficiencies” in Paramount’s offer to buy the entirety of WBD. The legacy media company has a pending transaction with Netflix for its streaming and studio businesses. Paramount launched Continue Reading
India’s Adani to invest $100 billion in AI data centers by 2035
The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, November 21, 2024. Amit Dave | Reuters India’s Adani on Tuesday announced plans to invest $100 billion to develop renewable energy-powered AI-ready data centers by 2035, seeking to establish Continue Reading