Big oil reports massive profits amid Iran war

Big oil is pulling in massive profits as impacts of the ongoing Iran war send crude prices soaring.

According to recent Barron’s analysis, supply constraints have driven blockbusting second-quarter profits for industry titans like ExxonMobil, Chevron, and Shell.

LiveNOW’s Anna Marsick spoke about these record-setting profits with Laura Sanicola from Barron’s.

Meanwhile, President Trump said Chevron and ExxonMobil are “making too much money” and should return some of their profits back to the public.

“When you look at one company where they made 12 times what they made the year before, they ought to give some of that back to the public,” Trump told reporters in the Oval Office.

Oil prices could fall sharply in late 2026 into 2027, says Charles Schwab Analyst

CNBC’s “Power Lunch” team discusses the setup for stocks in 2026, what investors should know, the market reaction to the U.S. military action in Venezuela ,and more with Liz Ann Sonders, chief investment strategist at Charles Schwab. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/42d859g

Global Trade Is Being Rewired: What Leaders Need to Know

Global trade is undergoing one of its biggest transformations in decades. Despite tariff tumult, geopolitical tensions and AI acceleration, global trade continues to grow. New research from the McKinsey Global Institute finds international trade isn’t slowing down, it’s just realigning.

McKinsey Senior Partner Shubham Singhal and McKinsey Partner Jeongmin Seong explore the forces reshaping global trade, investment and business strategy in 2026. They explain how much of that trade growth came from AI, how China’s role is evolving, and the rise of ASEAN economies as global supply chain connectors.

This episode has been adapted from our McKinsey Live webinar series.

United Nations: 2026 Global Trade Update YTD

This edition of the Global Trade Update examines the strong, but increasingly uneven expansion of international trade in the first half of 2026.

Global goods trade is estimated to have reached approximately US$13.7 trillion in the first half of 2026, up 12.5 % from the same period in 2025. Services trade grew by 10.5 %. Together, goods and services added around US$2 trillion to global trade, putting it on course for a record annual value.

Learn more fro UNCTAD

Philadelphia’s evolution as a global destination

This new WTCA Centerpiece episode brings together Scott Center from World Trade Center Savannah, Ed Allison-Wright from World Trade Center Gibraltar, Thomas Young from World Trade Center Greater Philadelphia, and NBA 🏀 legend Julius “Dr. J” Erving for a powerful conversation on leadership, community, and Philadelphia’s rise as a global business hub.

Master of International Business > Global as a Mindset

In this webinar, explore how leading organizations seek graduates who can think across borders, navigate cultural complexity, and adapt to rapidly shifting global dynamics. You’ll gain insight into how a Master of International Business equips you to develop this mindset through immersive learning, diverse cohorts, and real-world experiences that prepare you to operate with confidence in international environments.

Israel targets Hezbollah’s hidden arsenal in civilian areas

Israel accuses Hezbollah of storing long-range missiles in civilian homes. According to Israeli authorities, Hezbollah has embedded its military infrastructure in densely populated areas, using residential properties to conceal weapons. International law protects civilian homes unless used for military purposes. Israel has released footage of chain explosions of weapons buried in densely populated areas

Next Steps in Iran After Supreme Leader’s Death

Iran’s supreme leader was killed in US–Israeli airstrikes, a seismic development in a conflict that’s spread to half a dozen countries across the Middle East and threatens to disrupt energy flows. For details, and suggestions of what happens next, ‘Bloomberg This Weekend’ hosts David Gura and Christina Ruffini speak with Bloomberg anchor Joumanna Bercetche in Dubai, Bloomberg Israel bureau chief Ethan Bronner in Tel Aviv and Nancy Youssef, a staff writer at The Atlantic.

Consequences of the Supreme Court decision on tariffs

CNBC’s Steve Sedgwick and Ben Boulos assess the impact of the Supreme Court’s decision to invalidate President Trump’s use of emergency authority to impose sweeping tariffs and how any refunds could be processed.




The U.S. Economy in 2026: Resilience or Recession?

The economy demonstrated resilience during 2025 in the face of large policy shifts and intensified uncertainty. Will this resilience continue during 2026, or are stagflation or recession more likely outcomes? How will the labor market fare during 2026? Join MS in Applied Economics Program Director Prakash Loungani for a panel discussion with Torsten Slok, Jason Furman, Peter Coy and Betsey Stevenson who will provide answers to these and other questions about near-term and longer-term prospects for the economy.

Learn more about the Applied Economics program