An Islamic Revolutionary Guard Corps (IRGC) speed boat sailing along the Persian Gulf near a cargo vessel. Nurphoto | Nurphoto | Getty Images With oil prices at levels not seen in years and global business supply chains across sectors of the economy shut down by the de facto closure of …
High gas prices are listed at Chevron gas station in Los Angeles on March 9, 2026, as gasoline prices surge amid the ongoing war with Iran. Frederic J. Brown | Afp | Getty Images “I don’t get any sense that inflation is decelerating,” said Mark Zandi, chief economist at Moody’s. …
Fotostorm | E+ | Getty Images Welcome to the “boomcession.” The term is a portmanteau of the words “boom” and “recession.” It highlights how the average American doesn’t feel like they’re reaping the benefits of an economy that is — on paper — humming along, according to creator Matt Stoller. …
Precious metals remained in recovery mode on Wednesday morning, with prices rising off the back of a historic sell-off. By 3:45 a.m. ET, spot gold was edging toward a rise of 3%, settling at around $5,079.4 an ounce. New York gold futures jumped 3.3% to $5,093.80. XAU= 1Y line Gold …
President Donald Trump on Friday named Kevin Warsh to succeed Jerome Powell as Federal Reserve chair, ending a prolonged odyssey that has seen unprecedented turmoil around the central bank. The decision culminates a process that officially began last summer but started much earlier than that, with Trump launching a fusillade …
Japanese government bond yields have been notching fresh highs as investors price in persistent inflation, tighter monetary policy, as well as fiscal uncertainty. Japan’s 30-year bond yield notched a record high on Wednesday to hit 3.286%, surging more than 100 basis points this year, while yield on the 20-year debt …
This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here. The dispatch After several years in the Big Apple, I knew my return to London would be a culture shock. Instead of Times Square with its skyscrapers and blinding lights, I would roam around …
Australian stocks extend gains after RBA rate cut Australia’s benchmark S&P/ASX 200 added 0.28% to 8,869.70 as of 2:45 p.m. Australian Eastern Standard Time (12:45 p.m. ET), after the Reserve Bank of Australia cut rates by 25 basis points. Stock Chart IconStock chart icon S&P/ASX The benchmark had hit a …
It was a dizzying week on Wall Street. The S & P 500 closed this past Monday at a record high and then went on a four-session losing streak. Friday was particularly unsettling as terrible jobs data slammed the market and triggered President Donald Trump . Trump started the day …
U.S. Federal Reserve Chair, Jerome Powell and U.S. President Donald Trump. Annabelle Gordon | Kevin Lamarque | Reuters If President Donald Trump tries to fire Federal Reserve Chair Jerome Powell, it would almost certainly set off a courtroom battle that legal and policy experts say is bound to get messy, …
