U.S. Energy Secretary Chris Wright appears before a House Appropriations Subcommittee on Energy hearing on the Trump administration’s 2027 budget request for the Department of Energy, on Capitol Hill in Washington, D.C., U.S., April 15, 2026. Nathan Howard | Reuters Energy Secretary Chris Wright on Sunday said gas prices may not drop below $3 until…
Iran ratcheted up its rhetoric against the U.S. on Sunday, a day after it said it had reasserted control of the Strait of Hormuz. President Donald Trump confirmed peace talks with Iran are continuing, while warning Tehran not to try to use blackmail. Iran’s parliament speaker and top negotiator, Mohammad Bagher Ghalibaf, said talks to…
You can call it a comeback. Stocks rocketed to record highs last week on hopes of a peace deal with Iran, with the S & P 500 closing above 7,100 for the first time and the Nasdaq completing its longest-winning stretch since 1992 — 13 days of gains. For the week, the broad-based S &…
The Washington Post | The Washington Post | Getty Images Robert Evans doesn’t have to watch the news to find out about economic jolts that might cause the American consumer to pause. He just has to look at his cycling race registrations. “Every time something major is announced, like tariffs, or an attack on another country, our event registration…
Britain’s Prime Minister Keir Starmer (R) and US President Donald Trump (L) shake hands as Starmer finishes his opening statement and hands over to Trump at a Business event at Chequers, in Aylesbury, central England, on Sept. 18, 2025, on the second day of the US President’s second State Visit. Andrew Caballero-Reynolds | AFP |…
IN FLIGHT – APRIL 17: U.S. President Donald Trump speaks to members of the press aboard Air Force One on April 17, 2026 just prior to landing at Joint Base Andrews, Maryland. (Photo by Win McNamee/Getty Images) Win Mcnamee | Getty Images News | Getty Images President Donald Trump sounded optimistic about the progress of…
A man walks among buildings destroyed in a joint attack by Israel and the United States on April 6, 2026, in Tehran, Iran. Majid Saeedi | Getty Images Policymakers around the world are closely watching developments in the Middle East as they gauge the most prudent response to the economic fallout of the war. CNBC…
Rep. Sam Liccardo, D-Calif., attends a news conference with members of the Congressional Hispanic Caucus during the House Democrats’ 2025 Issues Conference at the Lansdowne Resort in Leesburg, Virginia, March 13, 2025. Tom Williams | CQ-Roll Call, Inc. | Getty Images Rep. Sam Liccardo, D-Calif., is probing whether the nation’s top financial regulators are examining…
Oil tankers are remaining cautious about sailing through the Strait of Hormuz after Iran declared Friday that the sea lane is open to commercial ships, video footage shows. Oil futures contracts tumbled Friday as the market interpreted the announcement from Tehran as a major breakthrough that will ease the massive disruption to global energy supplies….
Bank earnings confirmed one thing this week: The Iran war may be a major geopolitical upheaval, but not a financial one. March, the final month of the first quarter, was brutal on Wall Street. The conflict started on Feb. 28, and quickly sent oil prices soaring and stocks tanking. Wells Fargo shares tumbled to a…
