In this article XHB ITB IGV Follow your favorite stocks CREATE FREE ACCOUNT Traders work at the New York Stock Exchange on June 9, 2026. NYSE With CPI inflation data in the morning and software giant Oracle reporting earnings after the bell, Wednesday presents a big test for a U.S. stock market trying to find its footing after its worst day in a year and a nail-biting whipsaw session on Tuesday. T...
In this article XHB ITB IGV Follow your favorite stocks CREATE FREE ACCOUNT Traders work at the New York Stock Exchange on June 9, 2026. NYSE With CPI inflation data in the morning and software giant Oracle reporting earnings after the bell, Wednesday presents a big test for a U.S. stock market trying to find its footing after its worst day in a year and a nail-biting whipsaw session on Tuesday. There's reason for optimism, judging by bullish options flows around stocks that do better when interest-rates stay lower, and call-buyers who are prepared for the biggest move in Oracle since Covid. First, inflation: despite economists expecting annualized CPI to hit above 4% for the first time in three years, interest-rate sensitive sectors were the best performers on Tuesday. Bonds firmed and regional banks rallied alongside homebuilders as small-caps finished the day higher. Options trading in homebuilding ETFs XHB and ITB was almost entirely in calls. In ITB, traders bought 3,200 calls, compared to just 68 puts, and in XHB, calls outpaced puts almost 10-to-1. In the regional bank fund KRE, traders bought more than three times as many calls as puts. One reason for optimism around interest rates could be that crude oil slipped below $86 per barrel Tuesday, the lowest since mid-April. "Tomorrow's CPI data could surprise with oil prices coming down," Ben Emons, CIO and founder at FedWatch Advisors, said by phone. "The oil price move suggests markets are leaning a little more into the Trump jawbone, love it or hate it." Despite a renewed threat against Iran by Trump early Wednesday, oil prices were only slightly higher. Whether or not a sector rotation comes at the price of big-tech could depend on earnings after the bell from Oracle, the near $600-billion software behemoth that's the biggest weighting in the IGV ETF and leading the group by 15 percentage points on the year. Stock Chart Icon Stock chart icon Oracle, YTD Options traders are pricing in a 12-percent move in the...
The U.S. and Iran have exchanged strikes after a helicopter was downed Monday near the Strait of Hormuz. And, House Republicans have passed a bill to fund ICE and Border Patrol through Trump's term. (Image credit: Ryan Murphy)
The U.S. and Iran have exchanged strikes after a helicopter was downed Monday near the Strait of Hormuz. And, House Republicans have passed a bill to fund ICE and Border Patrol through Trump's term. (Image credit: Ryan Murphy)
Key PointsNvidia has tacked on more than $4.6 trillion in market value since the start of 2023, powered by its superior graphics processing units and aggressive innovation timeline.
Key PointsNvidia has tacked on more than $4.6 trillion in market value since the start of 2023, powered by its superior graphics processing units and aggressive innovation timeline.
U.S. President Donald Trump said Wednesday that Iran has taken too long to negotiate a peace deal and will now have to "pay the price." "Iran's Military is a complete and total mess," the president said in a post on Truth Social. "Much of it, like their Navy and Air Force, doesn't even exist anymore - They have been completely defeated. Iran is all talk and no action." Oil prices ticked higher and...
U.S. President Donald Trump said Wednesday that Iran has taken too long to negotiate a peace deal and will now have to "pay the price." "Iran's Military is a complete and total mess," the president said in a post on Truth Social. "Much of it, like their Navy and Air Force, doesn't even exist anymore - They have been completely defeated. Iran is all talk and no action." Oil prices ticked higher and U.S. stock futures fell after Trump's comments. West Texas Intermediate crude futures were last up roughly 1.4%, trading around $89.37 a barrel. The comment came just a day after Trump said that a deal could be reached in "two or three days" and that the critical Strait of Hormuz would reopen "immediately" after such a deal. Tensions ramped up in the Middle East on Tuesday . U.S. forces launched strikes against Iran , which U.S. Central Command said were "in response to yesterday's downing of a U.S. Army Apache helicopter." This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
For most, what we see in real life is mundane. But those who wish to fan the flames of anti-immigrant feeling share a different image online It was the summer of 2024 when it all decisively started, with the horrific murders in Southport, countrywide violence and Elon Musk’s observation that a British civil war was somehow “inevitable”. A year later came a hot season of flags on lamp-posts , prote...
For most, what we see in real life is mundane. But those who wish to fan the flames of anti-immigrant feeling share a different image online It was the summer of 2024 when it all decisively started, with the horrific murders in Southport, countrywide violence and Elon Musk’s observation that a British civil war was somehow “inevitable”. A year later came a hot season of flags on lamp-posts , protests outside hotels used to accommodate asylum seekers, the ubiquitous use of the word “tinderbox” and constant predictions of widespread riots that never actually materialised. Now here we are again, in the aftermath of the awful murder and treatment by the police of Henry Nowak and frightening violence and arson in Belfast, and the civil war predictions seem to be increasing by the hour. The archive of such material is already bulging. In August 2024, amid the riots, a YouGov poll found that 32% of people thought a UK civil war was either “very” or “somewhat” likely. A year later, Dominic Cummings said the UK was only “random viral posts away from riots and prairie fires getting out of control”. Even Labour’s Lisa Nandy offered the opinion that the north of England was so tense “it could go up in flames”. John Harris is a Guardian columnist Continue reading...
Sundry Photography/iStock Editorial via Getty Images Applied Materials ( AMAT ) has expanded its manufacturing and research operations in Singapore with the opening of a $500M (S$600M) facility aimed at supporting the growing global demand for AI infrastructure. The new Tampines Campus more than doubles the company's advanced cleanroom capacity in Singapore and strengthens its global manufacturing...
Sundry Photography/iStock Editorial via Getty Images Applied Materials ( AMAT ) has expanded its manufacturing and research operations in Singapore with the opening of a $500M (S$600M) facility aimed at supporting the growing global demand for AI infrastructure. The new Tampines Campus more than doubles the company's advanced cleanroom capacity in Singapore and strengthens its global manufacturing network, which spans the U.S., Europe, Israel, and Taiwan. The facility is already operating at volume production and will primarily serve chipmakers increasing output to meet rising AI-driven demand. With the expansion , Applied anticipates adding approximately 1,000 new local jobs over the coming years. AMAT shares were down 2% premarket in the U.S. More on Applied Materials Applied Materials, Inc. (AMAT) Presents at Bank of America 2026 Global Technology Conference Transcript Applied Materials And Its Real Value Applied Materials, Inc. (AMAT) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript Applied Materials snaps six straight sessions of gains Insider trades: Baidu, Target among notable names
Welcome to our guide to the commodities driving the global economy. Today, energy reporter Dan Murtaugh looks at what China’s AI plans mean for electricity generation and the country’s grid. In many parts of the world, expansions of data centers for artificial intelligence are being increasingly met by protests over higher power bills. That hasn’t been the case in China, where the country added mo...
Welcome to our guide to the commodities driving the global economy. Today, energy reporter Dan Murtaugh looks at what China’s AI plans mean for electricity generation and the country’s grid. In many parts of the world, expansions of data centers for artificial intelligence are being increasingly met by protests over higher power bills. That hasn’t been the case in China, where the country added more electricity generation capacity in the past four years than the US has in total. But a big test is coming. Beijing is planning a massive 2 trillion yuan ($295 billion) roll-out of data centers over the next five years. Electricity can be a finite resource in some parts of Europe and the US, where utilities were hesitant to invest in new power plants prior to the AI boom amid expectations of sputtering demand. An influx of new power-hungry data centers can leave grids with little spare capacity, making them vulnerable to price spikes or shortages. Anger about rising bills has become a major issue in this year’s US midterm elections. China has been able to avoid those issues thanks to world-leading rollouts of renewables, coal-burning plants and nuclear reactors. That pace has slowed considerably this year, though, as new power price rules have cut back investment in wind and solar, and increasing amounts of intermittent renewable generation is wasted by the grid. To make sure it doesn’t lose momentum in AI — not to mention other power-hungry future industries like robotics, drones and advanced materials — China will likely need to double down on power generation. Beijing also needs to make sure its grid can keep up with a growing supply of electricity. Officials seem to recognize as much. The new data center buildout includes plans to integrate them with the grid that could take the total investment to at least 5 trillion yuan. That’s also good news for copper and other metals due to their use in electric wiring. That puts the humble power grid — and the metals that build...
India has effectively frozen approvals for Starlink, according to people familiar with the matter. Officials are concerned about the use of satellite terminals in the Iran war, creating a new hurdle for Elon Musk's internet service in a key growth market. (Source: Bloomberg)
India has effectively frozen approvals for Starlink, according to people familiar with the matter. Officials are concerned about the use of satellite terminals in the Iran war, creating a new hurdle for Elon Musk's internet service in a key growth market. (Source: Bloomberg)