Author: GT

This general view shows oil tanks and facilities at Yeosu National Industrial Complex, the largest petrochemical industrial complex in South Korea, in Yeosu on April 7, 2026. (Photo by Shin Yong-ju / AFP via Getty Images)Shin Yong-ju | Afp | Getty ImagesOil prices declined Tuesday during Asia hours amid uncertainty over the fate of the second round of peace talks between the U.S. and Iran.Reports suggest that Vice President JD Vance would lead the U.S. delegation to Pakistan, while Iran’s rhetoric so far indicates it is not ready for further negotiations.”We do not accept negotiations under the shadow of threats,…

Andy Jassy, CEO of Amazon, speaking with CNBC at the World Economic Forum in Davos, Switzerland, Jan. 20, 2026.CNBCAmazon has agreed to invest up to $25 billion in Anthropic, on top of the $8 billion that it has poured into the artificial intelligence startup in recent years, as part of an expanded agreement to build out AI infrastructure. In the announcement on Monday, Anthropic said it’s committed to spending more than $100 billion on Amazon Web Services technologies over the next 10 years, including current and future generations of Trainium, Amazon’s custom AI chips. Anthropic said it’s secured up to…

Longtime venture capitalist Ron Conway said Friday that he was “recently diagnosed with a rare form of cancer.” In a post on X, Conway wrote that he “will be stepping back from some of my usual activities,” but he will “continue to support” founders backed by his firm SV Angel: “With a more focused and balanced schedule, I can prioritize treatments while helping SV Angel founders at inflection points like we always do!” Conway also said SV Angel will be “unchanged,” as his son Topher Conway “has made all of our investment decisions for the better part of the last…

Apple CEO Tim Cook is stepping down from the job that he inherited from the late Steve Jobs, ending a 15-year reign that saw the company’s market value soar by more than $3.6 trillion during an iPhone-fueled era of prosperity.Cook, 65, will turn the CEO duties over to Apple’s head of hardware engineering, John Ternus, on Sept. 1 while remaining involved with the Cupertino, California, company as executive chairman. That’s similar to the transitions made by Amazon’s Jeff Bezos and Netflix’s Reed Hastings after they ended their highly successful tenures as CEO. To allow Cook to assume his new job,…

John Ternus, senior vice president of hardware engineering at Apple Inc., during an Apple event in New York, US, on Wednesday, March 4, 2026. Adam Gray | Bloomberg | Getty ImagesApple has maintained its dominance in consumer devices and built up a $4 trillion market cap despite largely sitting on the sidelines of the artificial intelligence boom. But investors won’t remain patient forever, and they’ll be looking to new CEO John Ternus for a clearer strategy when it comes to playing in the hottest market on the planet. Tim Cook’s 15-year tenure as Apple CEO comes to an end on…

Blue Origin has successfully reused one of its New Glenn rockets for the first time ever, marking a major milestone for the heavy-launch system as Jeff Bezos’ space company looks to compete with Elon Musk’s SpaceX. But the overall mission’s success may be in question. Roughly two hours after the launch, Blue Origin revealed that the communications satellite that New Glenn carried to space for AST SpaceMobile wound up in an “off-nominal orbit,” meaning something may have gone wrong with the rocket’s upper stage. In other words, it appears the company missed the mark. “We have confirmed payload separation. AST…

A man walks among buildings destroyed in a joint attack by Israel and the United States on April 6, 2026, in Tehran, Iran.Majid Saeedi | Getty ImagesPolicymakers around the world are closely watching developments in the Middle East as they gauge the most prudent response to the economic fallout of the war. CNBC spoke to more than 30 central bankers, politicians and policymakers at the IMF World Bank meetings in Washington, DC, this week, who weighed in on the U.S.-Iran war and their biggest economic concerns. The interviews came before Iran’s Friday declaration that the Strait of Hormuz is completely…

It happens in every emerging industry: founders and investors push toward a common goal, until the money starts to roll in and that shared vision begins to diverge. Cracks are emerging in the fusion power world, which I saw firsthand at The Economist’s Fusion Fest in London last week. It didn’t dampen the overall buoyant mood, lifted by fusion startups’ fundraising haul of $1.6 billion in the last 12 months. But people had differing opinions on two key questions: When should fusion startups go public? And are side businesses a distraction? Going public was at the top of everyone’s minds.…

WASHINGTON (AP) — White House chief of staff Susie Wiles on Friday sounded out Anthropic CEO Dario Amodei about the artificial intelligence company’s new Mythos model, which has attracted attention from the federal government for how it could transform national security and the economy.A White House official, who requested anonymity to discuss the meeting ahead of time, said the administration is engaging with advanced AI labs about their models and the security of software. The official stressed that any new technology that might be used by the federal government would require a technical period for evaluation.The White House said afterward…

Iran said Saturday that it has reimposed the closure of the Strait of Hormuz less than a day after reopening it to shipping traffic, but President Donald Trump warned that Tehran could not blackmail the U.S. by shutting the waterway.The strait is closed until the U.S. blockade is lifted, Iran’s Revolutionary Guard navy said, warning that “no vessel should make any movement from its anchorage in the Persian Gulf and the Sea of Oman, and approaching the Strait of Hormuz will be considered as cooperation with the enemy” and be targeted.Two gunboats from the Revolutionary Guard opened fire on a tanker transiting the strait, the British military’s United Kingdom Maritime Trade…