Oil drops 20% from 2026 peak on optimism over U.S.-Iran ceasefire talks

Global oil prices have retreated sharply amid hopes that a lasting Middle East ceasefire can unlock the Strait of Hormuz.
CNBC’s Official Global Soccer Team Valuations 2026: Here’s how the top 30 clubs in the world stack up

The world’s 30 most valuable soccer teams are worth an average of $2.66 billion, according to CNBC’s official team valuations.
Infighting, court battles could put long-hyped air taxi breakthrough in jeopardy

Trump’s eVTOL pilot program is giving the air taxi industry its validation, but legal battles have put investor sentiment on hold.
Trump’s Oman outburst throws ‘Switzerland of the Middle East’ into the spotlight

The Trump administration has threatened sanctions and military action against Oman, a longtime ally and close security partner.
Russian drone hits apartment block in NATO state Romania; EU prepares fresh sanctions against Moscow

Romania’s president said the collision demands a “firm, coordinated, and appropriate response.”
Strait of Hormuz shutdown: A visual guide to world’s most critical oil chokepoint

Data shows how the outbreak of the Iran war in February and the closure of the Strait of Hormuz saw trade grind to a halt, triggering a severe global energy shock.
I was at the exclusive launch of Ferrari’s new EV that sent the stock tumbling. But there may be light at the end of the tunnel

Is there a “luce” at the end of the tunnel for Ferrari’s first electric vehicle?
Nvidia is investing billions into this emerging technology that could change the AI industry

Photonics is considered to be a more efficient alternative to the current process of transferring data using electricity, which could be crucial to the AI boom.
Blue Origin rocket explodes on launchpad during ground test

Jeff Bezos’ rocket maker suffered a setback on Thursday as its New Glenn rocket went up in flames.
Blue Origin rocket explodes during test, setback for bid to catch SpaceX

Jeff Bezos’ space firm Blue Origin said on Thursday it experienced an anomalous hot-fire test, as visuals on social media showed its New Glenn rocket explode.