All posts tagged: Breaking News: Markets

Israel Benjamin Netanyahu CNBC exclusive interview on Iran war

Israel Benjamin Netanyahu CNBC exclusive interview on Iran war

Published by Sam Flores

Netanyahu blasts ‘fraudulent lies’ in digital information battle Israel is fighting a battle against “horrendously unfair and fraudulent lies,” Netanyahu said. Addressing global criticism of the war, Netanyahu took aim at certain Western television stations and social media outlets, adding that the country must “get better” at fighting what he called the “digital information battle.” “The question is, do you succumb to the lies? No, I protect my people,” he said. “They hate us because we do defend ourselves. What do we do? Stop defending ourselves? Of course not — we have to fight.” — Hugh Leask Israeli economy expected to outperform in 2026 Israeli Prime Minister Benjamin Netanyahu speaks with CNBC from Jersusalem on June 3rd, 2026. CNBC Netanyahu wasn’t wrong when he said “buy anything in Israel, because Israel is going up.” Israel’s economy is expected to outperform major developed markets in 2026. Capital markets are also outperforming, with the Tel Aviv 35 surging and the shekel rising. Despite nearly three years of constant war, the central bank still expects Israel’s economy to …

U.S. jury finds investor Andrew Left guilty of securities fraud

U.S. jury finds investor Andrew Left guilty of securities fraud

Published by Sam Flores

Andrew Left, founder of Citron Research, arrives at federal court in Los Angeles, California, US, on Monday, July 7, 2025. Activist short seller Andrew Left is set to appear in federal court Monday in a securities fraud case that shook the industry a year ago, setting up a battle over investor tips and free speech. Eric Thayer | Bloomberg | Getty Images A U.S. jury found prominent investor Andrew Left guilty of securities fraud on Monday, the Justice Department said, in a blow to a divisive cohort of short sellers who have for years ‌goaded public companies in the U.S. and overseas with allegations of fraud and mismanagement. U.S. authorities charged Left in July 2024, alleging he had manipulated the stock market and defrauded investors with misleading claims about his positions in multiple companies’ shares, including Nvidia and Tesla, making at least $20 million in the process. Left, who runs Citron Research, denied the allegations and had pleaded not guilty. After two days of deliberations, however, the jury found him guilty of engaging in a …

Trump weighs pulling immigration, customs in ‘sanctuary city’ airports

Trump weighs pulling immigration, customs in ‘sanctuary city’ airports

Published by Sam Flores

Passengers at the international arrival gate of JFK Airport in New York on June 16, 2025. Charly Triballeau | Afp | Getty Images Groups representing the largest U.S. airlines and hotel chains slammed the Trump administration’s potential halt of customs and immigration processing at “sanctuary city” airports, warning such a move could have “devastating” consequences on the industry. Homeland Security Secretary Markwayne Mullin said in an interview on Fox News’ “Hannity” on Tuesday night that if “radical left Democrats” aren’t allowing the government to “enforce federal laws … we shouldn’t be processing international flights into their cities either.” The secretary’s comments came just ahead of the FIFA World Cup next month that is expected to bring millions of visitors to host cities in the U.S., Canada and Mexico, drawing alarm from the travel industry. Mullin said the Trump administration is “drawing up plans” but isn’t putting anything into place yet. The timing of the idea being floated raises questions about whether the administration is using its leverage to try to persuade cities whose immigration policies …

U.S. regulator moves to withdraw million penalty against Winklevoss’ crypto exchange

U.S. regulator moves to withdraw $5 million penalty against Winklevoss’ crypto exchange

Published by Sam Flores

Gemini Co-founders Tyler Winklevoss and Cameron Winklevoss attend the company’s IPO at the Nasdaq MarketSite in New York City, U.S., Sept. 12, 2025. Jeenah Moon | Reuters The U.S. Commodity Futures Trading Commission asked a judge on Wednesday to vacate the agency’s $5 million penalty against a cryptocurrency exchange founded by twin brothers who donated to President Donald Trump’s election campaign in 2024. The CFTC said regulators should never have accused Tyler and Cameron Winklevoss’ Gemini Trust Company of making false statements in connection with its bitcoin futures business. Gemini settled the CFTC charges in January 2025 during the final weeks of President Joe Biden’s administration, paying a $5 million penalty and agreeing to an injunction that would prevent the company from making any false or misleading statements to the CFTC. But Gemini and the CFTC have now agreed that the settlement should be vacated, citing the CFTC’s changed policy on crypto enforcement under Trump. The Winklevoss brothers each donated $1 million in bitcoin to his election campaign in 2024. The CFTC and Gemini said in jointly filed court papers that the settlement should be rescinded and the CFTC had “resorted to inappropriate tactics” to bring a lawsuit and “extract …

Iran deal to reopen Strait of Hormuz ‘largely negotiated’

Iran deal to reopen Strait of Hormuz ‘largely negotiated’

Published by Sam Flores

President Donald Trump said Saturday that a peace deal with Iran that would reopen the Strait of Hormuz is “largely negotiated” and will be announced shortly, a development that could end a conflict that has choked global energy markets and pushed U.S. inflation to its highest level in years. Trump said in a social media post that he held calls from the Oval Office with the leaders of Saudi Arabia, the UAE, Qatar, Pakistan, Turkey, Egypt, Jordan and Bahrain, as well as Israeli Prime Minister Benjamin Netanyahu, all focused on finalizing terms with the Islamic Republic of Iran. “An Agreement has been largely negotiated, subject to finalization between the United States of America, the Islamic Republic of Iran, and the various other Countries,” Trump said in the post. Details of the agreement are being discussed “and will be announced shortly,” he said, including reopening the vital Strait of Hormuz, a key chokepoint for global energy trade. The deal under discussion includes a memorandum of understanding as a first phase, Iran’s foreign ministry said Saturday, before …

Barney Frank, architect of landmark Wall Street reforms, dies at 86

Barney Frank, architect of landmark Wall Street reforms, dies at 86

Published by Sam Flores

Barney Frank, former U.S. Congressman Adam Jeffery | CNBC Former U.S. Representative Barney Frank, a quick-witted Democrat who gave his name to a landmark financial reform bill after the economic crisis of 2007-2009, has died, his sister Ann Lewis said on Wednesday. He was 86. One of the best-known gay politicians of his time, ⁠Frank served for over 30 years in the U.S. House of Representatives as a member from Massachusetts and a liberal who gladly worked with Republicans. “He’s a guy you can sit down and ​deal with,” Republican Representative Tom Cole from Oklahoma ​said in 2011, when Frank chaired the ​House Financial Services Committee. Along with then Senator Chris Dodd, Frank spearheaded 2010 legislation that tightened banking regulations and consumer protections to avoid a repeat of the 2007 financial crash and subsequent Great Recession. Known as the Dodd-Frank Wall Street Reform and Consumer Protection Act, the law led to new rules on the previously unregulated off-exchange derivatives ⁠market, ‌and set up the Consumer Financial Protection Bureau to shield consumers from predatory and abusive ⁠practices. It was regarded as one of the main successes in Congress of Barack Obama’s two-term presidency. ‘Things would …

Putin heads to Beijing days after Trump in test of China’s direction

Putin heads to Beijing days after Trump in test of China’s direction

Published by Sam Flores

TOPSHOT – Chinese President Xi Jinping (R) shows the way to Russian President Vladimir Putin after the photo session of the Shanghai Cooperation Organization (SCO) Summit 2025 at the Meijiang Convention and Exhibition Centre in Tianjin on September 1, 2025. Suo Takekuma | Afp | Getty Images Russian President Vladimir Putin is set to arrive in Beijing on Tuesday for a two-day summit with Chinese President Xi Jinping, visiting an ally that barely had time to clear the ceremonial trappings it laid out for U.S. President Donald Trump just days earlier. The summit, scheduled for May 19-20, marks the second time the Chinese and Russian leaders have met in the past year, as Beijing seeks to manage ties with Washington and Moscow while positioning itself as a pivotal power in global diplomacy. Russia’s invasion of Ukraine in 2022 left Moscow effectively isolated and heavily reliant on Beijing for trade under Western sanctions. “We have very serious expectations for this visit,” Kremlin spokesman Dmitry Peskov told reporters Monday, describing the agenda as advancing the two countries’ …

China signals tariff cuts, advances in farm market access after Trump-Xi summit

China signals tariff cuts, advances in farm market access after Trump-Xi summit

Published by Sam Flores

U.S. President Donald Trump arrives for a state banquet hosted by Chinese President Xi Jinping at the Great Hall of the People on May 14, 2026 in Beijing, China. Alex Wong | Getty Images BEIJING, May 16 (Reuters) – China and the United States have agreed to expand agricultural trade through tariff reductions and tackle non-tariff barriers ⁠and market access issues, China’s commerce ministry said on Saturday after this week’s summit in Beijing. The agreements ​are “preliminary” and will ​be “finalised as soon as possible,” ​the ministry said following U.S. President Donald Trump’s visit. China’s farm imports from the U.S. still face an additional 10% levy after last year’s rounds of tit-for-tat ⁠tariffs ‌sharply curtailed trade, which fell 65.7% year-on-year to $8.4 ⁠billion in 2025, according to U.S. Department of Agriculture data. The commerce ministry said both sides aim to promote two-way trade, including in agricultural products, through measures such as reciprocal tariff reductions across ‌a range of goods. It did not specify which products. China resumed purchases of some U.S. farm goods after an …

Trump says Xi agrees Iran must open strait, but no sign China will weigh in

Trump says Xi agrees Iran must open strait, but no sign China will weigh in

Published by Sam Flores

U.S. President Donald Trump speaks to the press aboard Air Force One enroute to the U.S. following his official visit with President Xi Jinping in China, May 15, 2026. Evan Vucci | Reuters ABOARD AIR FORCE ONE/DUBAI, May ⁠16 (Reuters) — U.S. President Donald Trump said Chinese President Xi Jinping had agreed Tehran must reopen the Strait of Hormuz, though China gave no indication it would weigh in. Flying back from Beijing on Friday after two ​days of talks with Xi, Trump said he was ​considering whether to lift U.S. sanctions on Chinese ​oil companies buying Iranian oil. China is the biggest buyer of Iranian oil. “I’m not asking for any favors because when you ask for favors, you have to do favors in return,” Trump said when asked by a reporter on Air Force One whether Xi had made a firm commitment to put pressure on the Iranians to reopen the strait. Xi did not ⁠comment ‌on his discussions with Trump about Iran, although China’s foreign ministry criticized the war, calling ⁠it a conflict …

The bond market is flashing a warning, energy geopolitics expert warns

The bond market is flashing a warning, energy geopolitics expert warns

Published by Sam Flores

Don’t look now, but the pain from high energy prices might be about to bite Americans twice.  With no end in sight to the war in Iran and oil prices stuck above $100 a barrel, bond traders worried about inflation have sold off long-term government debt in the U.S. and developed economies in recent days. That has the effect of raising bond yields, including on the benchmark 10-year Treasury note, which rose nearly 24 basis points in the past week to end Friday near 4.6%.  The 10-year Treasury yield influences the cost of mortgages, auto loans, credit card rates and other consumer debt. When it goes up, consumers feel the pinch. Its rate is set by the market, not the Federal Reserve. To unpack what’s happening at the intersection of geopolitics, energy, and global debt, CNBC reached out to Daleep Singh, vice chair and chief global economist at asset manager PGIM. Singh has seen global energy conflicts up close: As deputy national security adviser under President Joe Biden, he designed that administration’s economic effort to cut …