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High gas prices are displayed at a gas station on April 9, 2026 in Los Angeles, California. Mario Tama | Getty Images Consumer confidence plunged to a record low in April as fears mounted over rising energy prices and the broader impact of the Iran war, according to a University of Michigan survey Friday. The…
Prime Minister of Pakistan Shehbaz Sharif speaks during the 80th session of the UN’s General Assembly (UNGA) at the United Nations headquarters on Sept. 26, 2025 in New York City. Taylor Hill | Getty Images Delegates from the U.S. and Iran are set to enter talks in Pakistan on Saturday, as major disagreements threaten to…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. Have any letters you’ve been meaning to send? You might want to get them in the mail sooner rather than later: The U.S. Postal Service is looking to hike prices as it goes through what it calls a “severe financial…
TOKYO — Handing down a name over generations is a central part of the Japanese traditional theater art of Kabuki, and that ceremony gets celebrated at theaters and special events every few years. Now, the ritual is taking place with the eighth Kikugoro, who is having that honor passed down from his 83-year-old father, the…
Barber Motorsports Park is a punishing track for any driver. It’s physical, daunting and full of surprises, and Scott McLaughlin got a recent painful reminder of that. The Team Penske driver made headlines for a less-than-ideal reason after he spun and slid backward through the catchfence at Barber course in Alabama. McLaughlin was thankfully OK,…
U.S. stocks are on the verge of erasing losses sparked by the Iran war, with investors increasingly betting the geopolitical shock will prove short-lived. Oil markets remain far more cautious. A two-week ceasefire announced Tuesday night has helped fuel the recovery in stocks, triggering a relief rally that has helped push shares to recoup more…
A man shops for butter at a supermarket in Houston, Texas, on March 17, 2026. Ronaldo Schemidt | AFP | Getty Images Consumer prices spiked in March as the Iran war sent energy costs soaring and took the Federal Reserve further from its inflation target, according to a Bureau of Labor Statistics reported Friday. Underlying…
BlackRock is applying hedge fund strategies to its exchange-traded fund business. Jeffrey Rosenberg, the firm’s senior portfolio manager on the systemic fixed income team, has a leading role in the firm’s liquid alternatives ETFs — which use a long-short strategy in ETF wrappers. He contends the strategy provides valuable diversification amid the recent breakdown in…
Scott Bessent, Treasury Secretary (L), and Jerome Powell, chairman of the US Federal Reserve. Getty Images Federal Reserve Chairman Jerome Powell and Treasury Secretary Scott Bessent met with major U.S. bank CEOs this week to discuss the possible cyber risks raised by Anthropic’s Mythos model, CNBC confirmed Friday. The bank heads were already in Washington,…
