Live Updates: Iran war ramps back up as Tehran accuses U.S. of bombing wedding party, attacks Gulf states

Live Updates: Iran war ramps back up as Tehran accuses U.S. of bombing wedding party, attacks Gulf states

  38m ago Trump floats renaming Strait of Hormuz as Trump Strait President Trump suggested renaming the Strait of Hormuz after himself Wednesday.”Now that we have it under U.S.A. control, should we change the name Hormuz Strait to TRUMP STRAIT??? Like America itself, it would be ‘hotter’ than ever before!” Mr. Trump said on his … Read more

Chevron to expand Venezuela operations through $7 billion investment

Chevron to expand Venezuela operations through $7 billion investment

Chevron on Wednesday announced plans to more than double its oil production in Venezuela over the next five years through a $7 billion investment that will expand its position in the South American nation. The oil company has been assigned two additional oil fields in the Orinoco Belt, the region that contains most of Venezuela’s … Read more

Berkshire CEO Abel says Alphabet a ‘significant player’ in AI after growing stake in Q2

Berkshire CEO Abel says Alphabet a 'significant player' in AI after growing stake in Q2

Greg Abel, CEO of Berkshire Hathaway, speaks during Berkshire Hathaway’s annual shareholder meeting in Omaha, NE, on May 2, 2026. Greg Abel, CEO of CNBC Berkshire Hathaway, discussed with CNBC’s Becky Quick on Wednesday the conglomerate’s massive investment in Google parent Alphabet, calling the tech giant a “major player” in artificial intelligence. Abel said Berkshire … Read more

Bus crash kills 16 on Egypt’s Red Sea coast

Bus crash kills 16 on Egypt's Red Sea coast

At least 16 people have died in a bus accident in eastern Egypt, according to the country’s Ministry of Health. Another 28 people were injured on the road between the Red Sea cities of Dahab and Nuweiba in the South Sinai governorate on Wednesday morning. About 20 ambulances were sent to the crash site to … Read more

Australia posts second-quarter growth of 2.1%, beating expectations

Australia posts second-quarter growth of 2.1%, beating expectations

SYDNEY, AUSTRALIA – MAY 30: The Sydney Harbor Bridge and skyline illuminate during Vivid Sydney 2024 on May 30, 2024 in Sydney, Australia. Brendon Thorne | Getty Images News | Getty Images Australia’s economic growth exceeded expectations in the second quarter, expanding 2.1% year-on-year, data released on Wednesday showed. Economists polled by Reuters had estimated … Read more

G20 backs final statement despite Russia tensions, China dissent

G20 backs final statement despite Russia tensions, China dissent

G20 finance leaders closed their two-day meeting on Tuesday with a statement that all but China fully endorsed, as Washington insisted that the presence of a Russian minister had no effect on the talks. US Treasury Secretary Scott Bessent said the fact that nearly all participants accepted the president’s final statement suggested there has been … Read more