A Strait of Hormuz closure due to U.S.-Iran war hit the oil market hard, but sectors reliant on shipping across economy from metals to farming are vulnerable.

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CNBC Finance

finance

Mar 11, 2026 • 2 min

Oracle stock spikes 12% as strong Q3 earnings answer Wall Street AI buildout concerns

Oracle CEO Clayton Magouyrk said on an earnings call the company's model of having customers provide data chips for new data center builds is working.

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CNBC Finance

finance

Mar 11, 2026 • 4 min

Tim Scott hopes Fed Chair Powell investigation 'goes away' to clear Kevin Warsh confirmation

President Donald Trump nominated Kevin Warsh to succeed Jerome Powell as Fed chair, but the process has been blocked amid a federal investigation into Powell.

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CNBC Finance

finance

Mar 11, 2026 • 1 min

February US CPI data suggests firmer PCE inflation ahead

Inflation was already too firm even before war broke out in Iran

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Financial Times (FT)

finance

Mar 11, 2026 • 3 min

IEA agrees to release 400 million barrels of oil to address Iran war supply disruption

The move comes as the Iran war continues to choke off traffic through the strategically vital Strait of Hormuz.

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CNBC Finance

finance

Mar 11, 2026 • 5 min

Meta rolls out in-house AI chips weeks after massive Nvidia, AMD deals

Meta's latest generations of its MTIA series of in-house chips for artificial intelligence will help support the company's massive data center expansion plans.

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CNBC Finance

finance

Mar 11, 2026 • 7 min

Here's the inflation breakdown for February 2026 — in one chart

The consumer price index was rose 2.4% in February 2026, above policymakers' target, economists said. War in Iran complicates the picture.

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CNBC Finance

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