Writing the summary…
Treasury yields rise to start the week; traders look ahead to Fed minutes
Source: CNBC
Original reporting
CNBC: read the full reportRelated stories
CNBC
Trump reiterates pledge to send $5,000 checks, and hands out smaller payments, as midterm elections loom
Trump renewed a $5,000 check pledge tied to Republican control of Congress as $500 ACA refunds go out and $90 Medicare rebates are scheduled.
CNBC
Satya Nadella reinvented Microsoft once. Can he do it again in the AI era?
After succeeding Steve Ballmer in 2014, Satya Nadella turned Microsoft into a cloud giant. Now he's tasked with making the company a force in AI.
The Guardian
Iran’s oil minister resigns as country’s economic crisis worsens
Departure comes amid large drop in oil receipts, rampant inflation and shrinking economy Iran’s oil minister has resigned days after allegations that an intermediary trust selling Iranian oil abroad owed millions of dollars’ worth of export receipts to the state. Mohsen Paknejad’s departure comes as Iran grapples with a dire economic situation, including inflation running at 85%. An overall drop in oil receipts has led to a massive shortfall in foreign exchange earnings and one of the biggest drops in the value of the rial since the Iranian revolution in 1979. Continue reading...
CNBC
Nvidia's $6 trillion milestone looms. Here's when options traders see it happening
Nvidia will likely cross the $6 trillion threshold by the end of this month, according to options traders.
CNBC
Cerebras stock pops 9% after Sam Altman calls the chipmaker a 'close partner'
Cerebras stock climbed in premarket trading after OpenAI's CEO Sam Altman reassured investors that the firm is a "close partner."
The Guardian
US supreme court to hear big oil’s bid to block climate damage lawsuits
Court starts new term hearing Suncor Energy and ExxonMobil’s attempt to stop lawsuits at state level The US supreme court begins its new nine-month term hearing arguments Monday in a high-stakes case in which big oil companies are attempting to strike a fatal blow against lawsuits that seek to hold them accountable for the climate crisis. In Suncor Energy versus the County Commissioners of Boulder County , local officials in Boulder are suing Suncor Energy and ExxonMobil in state court to force the companies to share a portion of the costs that climate change has imposed on local taxpayers. However, Exxon and Canada-based Suncor are arguing that federal law prevents state courts from hearing Boulder’s climate change lawsuit. Continue reading...