Global oil prices notch back-to-back rise, remain ‘tethered to the Hormuz narrative’
Global oil prices on Tuesday notched their largest two-day rise since mid-March, buoyed by further escalation in the U.S.-Iran conflict.
Global oil prices on Tuesday notched their largest two-day rise since mid-March, buoyed by further escalation in the U.S.-Iran conflict.
President Donald Trump’s sweeping tariffs were supposed to raise billions of dollars in government revenue while reviving American manufacturing. Instead, after a Supreme Court ruling forced the Trump administration to reimburse much of the money it collected, it’s now looking for workarounds to impose tariffs anyway. One such workaround will take effect later this month,…
CHARLES CONN: We can’t do business on a dead planet. There really isn’t a trade-off at the end of the day. COLM KELLY: The alternative option of business as usual actually isn’t business as usual, because the world around us is changing. CHARLES: When you stand for something, there will be some people who stand…
The U.S. grocery slowdown is becoming harder to ignore. Shoppers are buying fewer items than a year ago, and grocery sales are declining as weakening unit sales are now outweighing rising prices. That is according to new analysis from Bain & Company using NielsenIQ grocery data shared exclusively with CNBC. Grocery units, which refer to…
A windfall in corporate profits for the country’s largest banks has led to billions in extra tax revenue for New York City, shrinking the city’s budget shortfalls although not nearly enough to fund Mayor Zohran Mamdani‘s progressive agenda. Processing Content Business tax revenue in June was about 50.9% higher than the same month in 2025,…
President Donald Trump on stage with FIFA President Gianni Infantino during the FIFA World Cup 2026 draw at the John F. Kennedy Center for the Performing Arts, in Washington, Dec. 5, 2025. Jia Haocheng | Pool Via Reuters President Donald Trump made the World Cup one of the most visible political stages of his second…
The Securities and Exchange Commission and Commodity Futures Trading Commission today issued a joint request for public comment on potential opportunities to harmonize, modernize, and streamline data reporting requirements in their regulation of the security-based swap and swap markets, respectively. “Extensive data collection, if not appropriately calibrated, can hinder, rather than enhance, understanding and accountability,”…