Shares of Ben & Jerry’s parent company Magnum Ice Cream Company jumped as much as 18% after Reuters reported that Blackstone and CD&R are among firms in the early stages of exploring a bid for the company. It comes just six months after it spun off from Unilever to create the world’s largest standalone ice…
President Donald Trump told Fox News that China has agreed to buy 200 Boeing jets, according to a clip that aired Thursday, more than the 150 aircraft Boeing had expected. “One thing he agreed to today, he’s going to order 200 jets. That’s a big thing. Boeings,” Trump told Fox News, referring to Chinese President Xi…
American consumers have been pessimistic for so long that now economists are wondering when — or even if — households will ever feel financially better off. The University of Michigan Surveys of Consumers, a closely watched bellwether, hit all-time lows in May, according to a preliminary reading released last week. That is just one of…
Jonathan Raa | Nurphoto | Getty Images Oil production among OPEC members fell further in April and is down more than 30% since the start of the Iran war in late February, the cartel said in its latest monthly update on Wednesday. OPEC also lowered its demand growth forecast for 2026 to around 1.2 million…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 5, 2026. Brendan McDermid | Reuters The U.S.-Iran war drags on with no sign yet of a peace deal. Someone needs to tell the stock market. After a small early drawdown near the outset of the war,…
A customer shops for beef at a grocery store in Los Angeles, April 6, 2026. Justin Sullivan | Getty Images U.S. consumers are blaming the Iran War for the recent inflation surge. But data shows prices are rising in more areas than just energy. The consumer price index climbed 0.6% in April on a seasonally…
Prices that consumers pay for a wide range of goods and services increased at a faster-than-expected pace in April, raising further concerns about the inflationary impact on the U.S. economy. The consumer price index rose at a seasonally adjusted 0.6% for the month, putting the one-year pace at 3.8%, the Bureau of Labor Statistics reported…
British Prime Minister Keir Starmer speaks at the start of a Cabinet meeting to mark the fourth anniversary of Russia’s full-scale invasion of Ukraine, at Downing Street in London, Feb. 24, 2026. Wpa Pool | Getty Images News | Getty Images Yields on U.K. government bonds surged to multi-decade highs on Tuesday morning, as pressure…
Taiwan Semiconductor Manufacturing Co. (TSMC) signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Friday, Jan. 2, 2026. Michael Nagle | Bloomberg | Getty Images As South Korea’s and Taiwan’s benchmark indexes surged to record highs this year — powered by Asia’s trillion-dollar titans — it has raised…
An employee of Basra Oil Company, works at the Nahr Bin Umar Oil and Gas Field on the outskirts of the southern Iraqi city of Basra on April 29, 2026. Hussein Faleh | Afp | Getty Images Oil and gas giants benefited significantly from their trading desks through the first quarter, shining a light on…
