Apollo Global Management‘s David Sambur told CNBC on Thursday that the selloff in software stocks from fears of artificial intelligence disruption is far from over. “I unfortunately think it’s very early,” Sambur, who is co-head of private equity, told CNBC’s “Money Movers.” Some Wall Street analysts have been comforted by the recent rebound in the…
Oil prices rose as much as 3% on Thursday after Iran attacked several energy facilities across the Middle East following a strike on its South Pars gas field. Dwayne Schnell | 500px Plus | Getty Images U.S. oil prices extended their decline after Treasury Secretary Scott Bessent said Washington may soon lift sanctions on Iranian crude…
Dylan Field, co-founder and CEO of Figma, appears on the floor of the New York Stock Exchange on July 31, 2025. Michael Nagle | Bloomberg | Getty Images Figma’s downward slide this year, driven by concerns about artificial intelligence, intensified over the past two days after Google intoduced an AI-powered design product. On Tuesday, Google…
FILE PHOTO: QatarEnergy’s liquefied natural gas (LNG) production facilities, amid the U.S.-Israeli conflict with Iran, in Ras Laffan Industrial City, Qatar March 2, 2026. Stringer | Reuters Oil and gas prices rose sharply on Thursday as strikes on key energy infrastructure in the Middle East exacerbated fears of a global supply crunch. Qatar said Wednesday…
NEW YORK (AP) — Federal auto regulators have escalated a probe of Tesla after several of its cars crashed while using its self-driving feature, just as CEO Elon Musk prepares to roll out a new model with no steering wheel or pedals. The National Highway Traffic Safety Administration said in a memo that it was…
Europe’s sovereign bonds are facing “a perfect storm” after new inflation fears sparked by the Iran conflict forced the region’s central banks to signal a new course for interest rates on Thursday, sending yields soaring. The Bank of England left interest rates unchanged at 3.75% on Thursday, with the European Central Bank also holding steady…
Omar Marques | Lightrocket | Getty Images Cryptocurrency trading platform Crypto.com announced Thursday that it is laying off 12% of its staff as the company integrates artificial intelligence. “We are joining the list of companies integrating enterprise-wide AI. Companies that do not make this pivot immediately will fail,” CEO Kris Marszalek posted on X. “As…
European companies that import semiconductors from Asia are tapping into backup stores and paying more for deliveries as the Iran war causes disruption to air freight routes through the Middle East, industry insiders have told CNBC. The Iran war has caused turmoil to cargo routes as shipping and airports have been targeted since the war…
An Iranian security personnel monitors an area in phase 19 of the South Pars gas field in Assalooyeh on Iran’s Persian Gulf coast 1,400 km (870 miles) south of Tehran on August 23, 2016. Morteza Nikoubazl | Nurphoto | Getty Images U.S. President Donald Trump on Wednesday stateside warned that if Iran continued targeting Qatar’s…
China is making a big push for widespread adoption of artificial intelligence, and the nation’s tech powerhouses are holding public events to help everyday people get OpenClaw, the viral personal digital assistant. “It seems everyone around me – my colleagues and friends — has it,” new user Gong Sheng said as he waited to get…