Chicago wheat futures rose — heading for a fourth gain in five sessions — as the Iran war threatens to further push up energy and fertilizer costs for farmers and poor weather hampers US fields. Missile strikes ripped across the Middle East over the weekend as Iran and its proxies lobbed attacks at US allies, with fears heightening over an escalation of the war as it enters its second month. The a...
Chicago wheat futures rose — heading for a fourth gain in five sessions — as the Iran war threatens to further push up energy and fertilizer costs for farmers and poor weather hampers US fields. Missile strikes ripped across the Middle East over the weekend as Iran and its proxies lobbed attacks at US allies, with fears heightening over an escalation of the war as it enters its second month. The attacks and effective closure of the Strait of Hormuz have choked flows of fertilizers and fuel from the region, raising input costs for farmers worldwide. Wheat prices have also been supported as dryness batters the US Plains, threatening production in a key growing area. “Anomalously warm, dry and breezy conditions” are expected across parts of the West into the Plains though early this week, the country’s National Weather Service said Monday. Wheat futures climbed as much as 1.2% on the Chicago Board of Trade on Monday, before paring some of the gain. “Grains and oilseeds have been relatively insulated from the direct impact of the war,” CRM AgriCommodities said in a Friday note. “However if weeks turn into months, the implications for supply chains cannot be understated.” Wheat rose 0.3% a bushel as of 1 p.m. Singapore time Soybeans also rose about 0.3%, and corn edged higher Nations Race to Secure Enough Fertilizer and Prevent Food Crisis Fuel Shortages From War Begin to Threaten Global Food Supply To get Bloomberg’s Business of Food newsletter in your inbox, click here .
Fritz Jorgensen/iStock Editorial via Getty Images Meta Platforms ’s ( META ) past efforts to study its impact on users are now backfiring, as internal research highlighted in recent court losses appears to contradict the company’s public claims. Brian Boland, a former Facebook executive who testified in both trials — one in New Mexico and the other in Los Angeles — says the damning findings from M...
Fritz Jorgensen/iStock Editorial via Getty Images Meta Platforms ’s ( META ) past efforts to study its impact on users are now backfiring, as internal research highlighted in recent court losses appears to contradict the company’s public claims. Brian Boland, a former Facebook executive who testified in both trials — one in New Mexico and the other in Los Angeles — says the damning findings from Meta’s internal research and documents seemed to contradict the way the company portrayed itself publicly, CNBC reported. Juries in the two trials determined that Meta ( META ) inadequately policed its site, putting kids in harm’s way. “There was a period of time when there were teams that were created internally who could start to look at things, and, for a brief window, you had some absolutely outstanding researchers who were looking at what was happening on these products with a little bit more free rein than I understand they have today,” Boland said in an interview . Meta’s two defeats this week centered on different cases but they had a common theme: The company didn’t share what it knew about its products’ harms with the general public. “The jury got to hear both sides of the story and a very fair presentation of the facts, and they got to make a decision based on what they saw,” Boland said. “And both juries, with very different cases, came back with clear verdicts.” Lisa Strohman, a psychologist and attorney who served as an in-house expert consultant for the New Mexico suit, said leaders at Meta and across the tech industry may have thought they could use internal research to their advantage to win favor with the public, the report said. “I think what they failed to recognize is that researchers are parents and family members,” Strohman said. “And I think that what they failed to realize was that these people weren’t going to be bought.” Shares of Meta Platforms ( META ) declined more than 4% by Friday late afternoon after closing with nearly 8% losses in the previ...
Four years ago Elliot Anderson was helping Bristol Rovers to League Two promotion - this summer he could be a key player for England at the World Cup. BBC Sport charts his rise.
Four years ago Elliot Anderson was helping Bristol Rovers to League Two promotion - this summer he could be a key player for England at the World Cup. BBC Sport charts his rise.
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, US, on Monday, March 9, 2026. Michael Nagle | Bloomberg | Getty Images LONDON — European stocks are expected to open in negative territory on Monday as investors grapple with a further escalation in the Iran war and the conflict enters its fifth week. The U.K.'s FTSE 100 index is seen opening 0.2% lower, with Germany's DA...
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, US, on Monday, March 9, 2026. Michael Nagle | Bloomberg | Getty Images LONDON — European stocks are expected to open in negative territory on Monday as investors grapple with a further escalation in the Iran war and the conflict enters its fifth week. The U.K.'s FTSE 100 index is seen opening 0.2% lower, with Germany's DAX down 0.6%, France's CAC 40 down 0.4%, and Italy's FTSE MIB down 0.4%, according to data from IG. Asia-Pacific markets traded lower overnight and European bourses look set to follow suit, as traders digest the latest war developments over the weekend. U.S. President Donald Trump told the Financial Times on Sunday that said he could " take the oil in Iran " and seize Iran's export hub of Kharg Island. Meanwhile, Yemen's Houthi movement said Saturday it had fired missiles at Israel , marking its first direct involvement in the U.S.- and Israeli-led war against Iran. In a post on X, Houthi spokesperson Yahya Saree said the group launched a barrage of ballistic missiles at what it described as sensitive Israeli military sites, in support of Iran and allied Hezbollah forces in Lebanon. The strike signals a further escalation in a conflict that began with U.S. and Israeli airstrikes on Iranian targets on Feb. 28. Oil prices were higher in early Asia trading hours. West Texas Intermediate crude futures were up 2.58% at $102.19 per barrel. G7 finance ministers, energy ministers and central bank governors are set to hold an emergency meeting on Monday . The meeting, set to be held virtually, marks the fourth time since the start of the war in Iran that the G7 has convened at a ministerial level. Data releases on Monday include EU economic sentiment and Germany's latest inflation print. — CNBC's Lee Ying Shan, Anniek Bao and Leonie Kidd contributed to this market report. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business new...
The global oil market is “in for a shock” as the Middle East conflict will likely extend for a prolonged period with Iran leveraging control of the Strait of Hormuz, said Randa Fahmy, a former US associate deputy energy secretary. The conflict’s expansion to include Iran-backed Houthi militants in Yemen is “incredibly concerning” and presents additional risks to global energy supplies, she said, p...
The global oil market is “in for a shock” as the Middle East conflict will likely extend for a prolonged period with Iran leveraging control of the Strait of Hormuz, said Randa Fahmy, a former US associate deputy energy secretary. The conflict’s expansion to include Iran-backed Houthi militants in Yemen is “incredibly concerning” and presents additional risks to global energy supplies, she said, particularly through their potential control of the Bab el-Mandeb Strait, another critical choke point for energy flows. “If they close Bab el-Mandeb, then we’re going to have a problem, a major problem with supplies,” Fahmy said in an interview with Bloomberg TV. “We might be in for the long run.” Maritime shipping routes face significant disruption as vessel owners may avoid the area entirely, further straining global supply chains. “It’s almost impossible for the shipowners and the maritime industry to redraw these maps,” Fahmy said. “They cannot all of a sudden change course.” Read more: Oil Gains as Iran War Escalates With Houthi Attacks on Israel This story was produced with the assistance of Bloomberg Automation.
Israel’s central bank is set to hold interest rates steady for a second consecutive time as the US-Israeli attacks on Iran keep fueling global and domestic inflation concerns. The Bank of Israel will probably keep its base rate at 4% on Monday, according to all of the economists that participated in a Bloomberg survey. The BOI will simultaneously release updated macro economic projections for the ...
Israel’s central bank is set to hold interest rates steady for a second consecutive time as the US-Israeli attacks on Iran keep fueling global and domestic inflation concerns. The Bank of Israel will probably keep its base rate at 4% on Monday, according to all of the economists that participated in a Bloomberg survey. The BOI will simultaneously release updated macro economic projections for the first time since the conflict erupted on Feb. 28, followed by a press conference with Governor Amir Yaron at 4:15 pm local time. Israeli markets were volatile ahead of the rate decision, with the Tel Aviv Stock Exchange recording its largest declines in almost a year on Friday. The benchmark Tel Aviv-35 index fell 3.8%, wiping out all gains since the hostilities started. The US-Israeli war with Iran is in its second month after President Donald Trump extended a deadline to April 6 for Tehran to agree to reopen the Strait of Hormuz or have its power plants demolished, while amassing US troops in the region Over the weekend, Yemen-based Houthis joined Iran in launching missiles at Israel, opening a new front and raising fresh risks for the oil market. With the key transit route for oil exports — the Strait of Hormuz — effectively shut, Houthi participation raises the possibility that tankers transiting the southern Red Sea and the Bab El-Mandeb Strait could soon be targeted. Israel is also fighting Iran-backed Hezbollah in Lebanon and has amassed reserve forces on its northern border and elsewhere, stretching the domestic labor market in a way that could trigger additional inflation-inducing supply constraints. While a reliance on domestic natural gas production has countered some of the inflationary impact from surging oil prices, Israel-based analysts have begun to raise their price expectations. Bank Hapoalim , Israel’s second largest lender, raised its 12-month forecast to 2.2%, above the midpoint of the central bank’s 1% to 3% target range, due to a likely elevation of a...
AMD (NasdaqGS:AMD) and Samsung signed a new memorandum of understanding to supply next generation HBM4 memory for AMD Instinct AI GPUs. The agreement expands their existing partnership around advanced memory for AI data center hardware. The companies are also discussing potential foundry collaboration for future AMD products. For anyone tracking AI hardware, this move gives you another data point ...
AMD (NasdaqGS:AMD) and Samsung signed a new memorandum of understanding to supply next generation HBM4 memory for AMD Instinct AI GPUs. The agreement expands their existing partnership around advanced memory for AI data center hardware. The companies are also discussing potential foundry collaboration for future AMD products. For anyone tracking AI hardware, this move gives you another data point on how AMD is positioning itself in the accelerator race. The company already competes in GPUs,...
Alibaba Group Holding is preparing to source Huawei's new 950PR AI processor for its infrastructure as US restrictions on Nvidia hardware continue. The move signals a shift toward domestically produced AI chips for Alibaba's cloud and data center operations. This development highlights growing reliance on Chinese semiconductor supply chains for high performance computing. Alibaba Group Holding (NY...
Alibaba Group Holding is preparing to source Huawei's new 950PR AI processor for its infrastructure as US restrictions on Nvidia hardware continue. The move signals a shift toward domestically produced AI chips for Alibaba's cloud and data center operations. This development highlights growing reliance on Chinese semiconductor supply chains for high performance computing. Alibaba Group Holding (NYSE: BABA) is making this chip sourcing adjustment with its shares recently trading at $122.69...