US President Donald Trump speaks at the National Medal of Honor Museum in Arlington, Texas on Sept. 10, 2026. Brendan Smialowski | AFP | Getty Images U.S. President Donald Trump said he has no regrets about starting the Iran war and added that “If I had it to do again, I would do exactly what…
CNBC’s Jim Cramer said Thursday investors trying to understand the latest pressure on stocks should pay close attention to the 30-year Treasury yield. “The long bond, the 30-year Treasury, is in charge of everything,” the “Mad Money” host said. Stocks fell Thursday after U.S. oil prices topped $100 a barrel amid concerns that a prolonged…
Stocks moved lower since our last CNBC Investing Club Monthly Meeting as renewed inflation concerns, sparked by rising oil prices, sent Treasury yields higher — a toxic mix for the market. In early Thursday trading, it was much of the same, with Iran war uncertainty pushing U.S. oil prices above $100 per barrel, joining international…
U.S. crude oil prices surged past $100 per barrel on Thursday, the highest level in more than three months as fighting has sharply escalated between Washington and Tehran this week. West Texas Intermediate futures hit a session high of $100.88 per barrel, levels last seen in May. U.S. crude oil was last up 3.4% to $99.32…
Treasury yields hit multi-year highs on Thursday as traders await the release of U.S. wholesale inflation data later due later in the session The 10-year U.S. Treasury note yield — the key benchmark for mortgage borrowing, auto loans and credit card debt — was up more than 2 basis points at 4.867%. That’s the highest level…
Christine Lagarde, president of the European Central Bank (ECB), during a rates decision news conference in Frankfurt, Germany, on Thursday, June 11, 2026. Alex Kraus | Bloomberg | Getty Images The European Central Bank is widely expected to raise interest rates on Thursday, but uncertainty around the U.S.-Iran war is clouding the outlook for its…
China’s years of stockpiling of crude and subsequent pullback on oil purchases since the Middle East war erupted in late February helped the world avoid a far deeper energy crisis. But that buffer may face a test as Beijing shows signs of resuming purchases, according to economists. “China kind of saved the day,” and helped…
Bank of America CEO Brian Moynihan said on Wednesday the bank’s data shows consumer spending and credit remain healthy despite rising gasoline prices. “Consumers spent in the month of August about 4% more than they spent last August,” Moynihan said on CNBC’s “Mad Money.” “Last quarter it was 5%, so it’s kicking along. That’s consistent…
U.S. President Donald Trump speaks to the media before boarding Air Force One for a trip to the Republican National Midterm Convention, at Joint Base Andrews, Maryland, U.S. September 9, 2026. Evan Vucci | Reuters President Donald Trump on Wednesday said energy prices that have been elevated due to the Iran war will not come…
The British pound has largely shrugged off another change of government and geopolitical shocks to outperform many of its peers this year, but the currency’s recent weakness could be set to deepen. Sterling has gained around 1.6% against the euro year-to-date, adding 2.8% against the Swiss franc, 4.9% against the Swedish krona and 1% against…
