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on 05/12/2026

It's not just Iran and oil raising inflation. Prices also are reaccelerating in these other areas

Here's some of the places where prices are rising fast for consumers.

on 05/12/2026

The stock market isn't ignoring Iran. It's rising for these three very real reasons

It's time to take a closer look with stocks rallying into the third month of the U.S.-Iran conflict.

on 05/12/2026

Trump says Makary is out as FDA commissioner, following industry and White House backlash

Makary's tenure was marked by internal dysfunction at the FDA, leadership turmoil and mounting backlash from drugmakers and physicians on regulatory decisions.

on 05/12/2026

Trump doesn't need Congress to restart Iran strikes: Hegseth

The Iran war, now well into its third month, has caused oil prices to soar globally as Iran continues to lock down the Strait of Hormuz.

on 05/12/2026

Companies start getting tariff refunds after Supreme Court decision

After the Supreme Court ruled some of President Trump's tariffs unconstitutional, the first wave of tariff refunds have begun flowing in.

on 05/12/2026

Laid off GM employees describe ominous meeting, AI and severance

Several General Motors employees who were laid off Monday described their jobs being terminated to CNBC.

on 05/12/2026

Senate confirms Kevin Warsh as Fed governor, clears way for chair vote

The upper chamber voted to approve Warsh's nomination by a 51-45 vote, on a mostly party-line basis.

on 05/12/2026

Trump is taking more than a dozen U.S. executives to China. Jensen Huang isn't one of them

Nvidia CEO Jensen Huang isn't going on Trump’s China trip, though more than a dozen other U.S. executives are.

on 05/12/2026

United Airlines flight attendants ratify new contract with 31% raises this summer

United Airlines flight attendants ratify labor deal that would provide first raises in nearly 6 years.

on 05/12/2026

Social Security COLA for 2027 may be higher as inflation rises, new estimates find

As the pace of inflation increases, that may lead to a higher Social Security cost-of-living adjustment for 2027, according to new expert estimates.

on 05/12/2026

Qualcomm drops 13% as chip stocks pull back from record AI-driven rally

The recent rally has shown a broadening of the AI trade beyond chipmaking giant Nvidia.

on 05/12/2026

The summer box office is off to a hot start as weekend ticket sales top $160 million

The summer box office is off to a sizzling start, thanks in part to strong week-after-week performance from returning titles.

on 05/12/2026

EBay rejects GameStop's $56 billion takeover bid, calling it 'neither credible nor attractive'

Many analysts questioned the deal, citing concerns about how GameStop would finance the transaction and the strategic rationale.

on 05/12/2026

Novo Nordisk says high-dose Wegovy helped some patients lose nearly 28% of their weight

Novo Nordisk released new data that could help boost the case for the higher dose version of its blockbuster obesity injection Wegovy.

on 05/12/2026

2.6 million student loan borrowers fell into default in early 2026: New York Fed

Student loan defaults are showing up on consumers' credit reports for the first time since the Covid pandemic, a new blog by the New York Fed shows.

on 05/12/2026

The market rally takes a breather. Here are 3 reasons why — and 1 silver lining

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

on 05/12/2026

AI super rally has retail investors acting the most aggressive since trading frenzy during Covid

Retail traders are buying calls in Cboe's "Mag 10" stocks – the big seven plus AMD, Palantir and Broadcom – at the heaviest 10-day clip since 2021, according to a report from the exchange.

on 05/12/2026

Analysis: Iran war hangs over Trump's China trip — and his presidency

There is no quick fix to the economic and political damage from the war.

on 05/12/2026

Hims & Hers plummets 13% after first-quarter loss, weak earnings guidance

Hims & Hers reached a deal with Novo Nordisk in March to sell its GLP-1 weight loss drug Wegovy on its platform.

on 05/12/2026

Crypto legislation faces another hurdle: Labor unions

Major labor groups ask senators in a letter obtained first by CNBC to oppose a crypto bill over concerns retirement accounts could be harmed.

on 05/12/2026

Amazon accelerates delivery race with 30-minute drop-offs in dozens of U.S. cities

Amazon has been gradually speeding up its delivery windows, after getting customers hooked on two-day and next-day shipping.

on 05/12/2026

On Holding beats first-quarter expectations, sees double-digit growth in China as Nike lags

Swiss sneaker company On beat Wall Street's expectations on the top and bottom lines, helped in part by strong sales in China.

on 05/12/2026

U.S. crude oil tops $100 again as hope fades for a U.S.-Iran peace deal

Oil prices rose Tuesday amid concerns over a prolonged Middle East conflict after President Trump's comments that the ceasefire with Iran is on "life support"

on 05/12/2026

UK MPs are turning on PM Starmer — now analysts say he's unlikely to last the year

Analysts have slashed the odds of Starmer facing a leadership challenge by September.