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Consumer sentiment hits record low, inflation fears rise amid Iran war
9+ hour, 18+ min ago (273+ words) Consumer confidence plunged to a record low in April as fears mounted over rising energy prices and the broader impact of the Iran war, according to a University of Michigan survey Friday. The university's headline index of consumer sentiment tumbled…...
Powell, Bessent discussed Anthropic's Mythos AI cyber threat with major U. S. banks
10+ hour, 47+ min ago (428+ words) Federal Reserve Chairman Jerome Powell and Treasury Secretary Scott Bessent met with major U. S. bank CEOs this week to discuss the possible cyber risks raised by Anthropic's Mythos model, CNBC confirmed Friday. The bank heads were already in Washington, D. C. , for a…...
TSMC posts 35% jump in revenue to new record high as AI chip demand stays strong
15+ hour, 12+ min ago (332+ words) Taiwan Semiconductor Manufacturing Co. on Friday posted another quarter of record revenue driven by demand for AI chips. For January to March, the world's largest chipmaker reported revenue of 1. 13 trillion new Taiwan dollars ($35. 6 billion), exceeding analyst forecasts of 1. 12 trillion new…...
Fast Retailing shares soar to record high after the Uniqlo owner lifts profit forecast
21+ hour, 46+ min ago (241+ words) Fast Retailing shares surged more than 9% to a record high on Friday after the Japanese parent of Uniqlo lifted its annual outlook and as robust international growth boosted its quarterly profit. Reflecting the stronger first-half performance and favorable currency assumptions,…...
Modelo maker Constellation Brands withdraws 2028 guidance due to uncertainty
2+ day, 2+ hour ago (275+ words) Constellation Brands, U. S. maker of Modelo and Corona, withdrew its previously issued fiscal 2028 outlook on Wednesday and reported slightly weaker demand as consumers navigate a rapidly evolving macroenvironment. The company said it was encouraged by the momentum in the fourth quarter…...
U. S. has violated ceasefire agreement, Iran parliamentary speaker says
2+ day, 4+ hour ago (151+ words) Iran's parliamentary speaker Mohammad Bagher Ghalibaf accused the U. S. on Wednesday of violating the two-week ceasefire agreement. Three parts of Iran's 10-point ceasefire proposal have been violated, Ghalibaf said. The violations are Israel's continued attacks on Lebanon, the entry of a…...
Delta CEO says airline will 'meaningfully' cut growth plans, sees $300 million boost from its refinery
2+ day, 12+ hour ago (798+ words) Delta Air Lines CEO Ed Bastian said the carrier will "meaningfully reduce" its capacity growth plans in the near term as fuel costs soar, solidifying a pullback from airlines that have been roiled by a historic run-up in jet fuel…...
Trump warns Iran's "whole civilization will die tonight' unless deal struck
3+ day, 10+ hour ago (263+ words) President Donald Trump on Tuesday sharply ramped up his threats against Iran, warning "a whole civilization will die tonight" unless the country's leadership strikes a deal that involves reopening the Strait of Hormuz. The threat came after U. S. forces overnight struck…...
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5+ day, 7+ hour ago (17+ words) Zohran Mamdani and the business exodus? New York's office real estate market is up under new mayor'CNBC...
U. S. -Iran war 'tax' begins to hit American businesses and consumers
6+ day, 10+ hour ago (807+ words) To learn more about the CNBC CFO Council, visit cnbccouncils. com/cfo "We are in a bit of a Catch-22," said Friedman. "Our fear would be if we start raising prices it will hurt our customers." Bigger companies, he says,…...
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