Travelers walk through the terminal at Ronald Reagan Washington National Airport on May 1, 2026. Leslie Josephs | CNBC Higher fuel prices are testing how badly consumers want to travel this summer, whether flying or driving. Airfare hasn’t been this high since May 2022, when airlines stumbled out of the pandemic with aircraft and employee…
Miodrag Ignjatovic | E+ | David Paul Morris | Bloomberg | Getty Images U.S. consumers will shell out more for everything from fuel to hot dogs and hamburgers heading into Memorial Day weekend as the Iran War reignites inflation. Total inflation for shoppers rose 3.8% in April from the same month a year ago, the…
China’s Commerce Minister Wang Wentao held a press conference on May 23, 2026, at the end of the APEC trade ministers’ meeting in Suzhou, China. CNBC | Evelyn Cheng SUZHOU, China — Just over a week after the U.S. and Chinese presidents met in Beijing, the world’s two largest economies are sending different messages about…
Stellantis CEO Antonio Filosa listens as U.S. President Donald Trump announces new fuel economy standards, in the Oval Office at the White House in Washington, D.C., U.S., December 3, 2025. Brian Snyder | Reuters AUBURN HILLS, Mich. — Stellantis CEO Antonio Filosa said he believes there’s opportunity to expand the automaker’s partnerships in North America…
U.S. treasury bonds typically occupy a special place in an investor’s portfolio — the asset class against which all other market risk is measured. But a surge in long-dated yields is forcing investors to rethink this assumption. The yield on the 10-year treasury recently surged to a level it had not seen in over a…
U.S. drivers will pay gasoline prices near four-year highs when they fuel up for travel over the long Memorial Day weekend and should expect more pain at the pump this summer if the Strait of Hormuz does not reopen. The average gasoline price stood at $4.55 per gallon on Friday, an increase of more than…
Kilmar Abrego Garcia leaves a check-in at the U.S. Immigration and Customs Enforcement Baltimore Field Office the day after a federal judge ordered his release from a detention in Pennsylvania, on Dec. 12, 2025 in Baltimore, Maryland. Chip Somodevilla | Getty Images A federal judge in Tennessee on Friday dismissed human smuggling charges against Kilmar…
Rep. James Comer, R-Ky., chair of the House Oversight and Government Reform Committee, announced Friday on CNBC’s “Squawk Box” that he is seeking information from the CEOs of Kalshi and Polymarket on their efforts to prevent insider trading on their platforms. Comer’s probe is the latest in a series of congressional attempts to rein in…
The Micron Technology offices in San Jose, California, Dec. 16, 2025. David Paul Morris | Bloomberg | Getty Images Quantum stocks jumped this week on news that the U.S. government was taking equity stakes in nine companies, including IBM, as President Donald Trump’s administration continues to acquire shares of private sector companies. So where might…
President Donald Trump suggested last month he would look out for companies that didn’t seek tariff refunds after the Supreme Court struck down his wide-ranging global duties. At first, some major firms like Amazon appeared to be holding off on asking for money back over concerns they’d offend the often transactional president and end up…
