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on 05/28/2026

Oil prices jump 2% after Iran says it targeted U.S. airbase following fresh American strikes

Oil prices rose on Thursday after fresh U.S. strikes in Iran renewed concerns over disruptions to commercial shipping through the Strait of Hormuz.

on 05/28/2026

Core inflation hit an annual rate of 3.3% in April, as expected, Fed’s preferred gauge shows

The PCE price index for April was expected to show an annual inflation rate of 3.8% for all items and 3.3% for core.

on 05/28/2026

Ro Khanna is taking his economic message on the road. Will it lead to the White House?

Rep. Ro Khanna wasn't in the Rust Belt to campaign. But he could be soon.

on 05/28/2026

Snowflake rockets 36% on earnings beat and plan to spend $6 billion on Amazon cloud

Snowflake is going deeper with Amazon's Web Services, and plans to use its Arm-based Graviton chips.

on 05/28/2026

More monthly auto loan payments are above $1,000, and most are not for luxury models

The top five models for the $1,000-plus payments were popular pickup trucks including the Ford F-150, Chevrolet Silverado 1500 and Ram 1500.

on 05/28/2026

Kohl's stock jumps as slumping retailer says sales trends are improving

Kohl's reported its best comparable sales growth in four years on Thursday even as it saw revenue decline.

on 05/28/2026

Oura is launching its smallest smart ring yet, shrinking wearable design by 40%

Oura, the smart ring maker, is set to launch what it says will be the smallest smart ring available in the growing wearables market.

on 05/28/2026

Trump Accounts app launches — here's how to get started

Families can now download a Trump Accounts app to track the new investment accounts, which offer a $1,000 pilot program contribution for eligible children.

on 05/28/2026

More workers are raiding their 401(k)s as average balances fall, Fidelity says

Retirement account balances sank at the start of 2026 amid market swings, according to Fidelity. At the same time, more savers tapped their accounts for cash.

on 05/28/2026

CVS to restore coverage of Zepbound, add Eli Lilly's obesity pill to drug plans

CVS will add Zepbound coverage on Oct. 1, and start covering Lilly's newly approved Foundayo pill on June 1.

on 05/28/2026

Best Buy beats on top and bottom lines as retailer aims to reinvigorate sales

Best Buy reported better-than-expected earnings on Thursday as the company works toward turning around its sales slump.

on 05/28/2026

Ferrari CEO defends $640,000 price tag for its first fully electric car

Ferrari CEO Benedetto Vigna on Thursday said the cost of the manufacturer's new Luce model was a fair price to pay for innovation.

on 05/28/2026

Rally in chip stocks becomes the most hated in history. Here's the data

The rally in semiconductor stocks is so incredible, traders can't help but bet against it.

on 05/28/2026

This AI stock is surging after an ex-OpenAI employee's fund disclosed a stake. Here's why

Dutch cloud provider Nebius popped in premarket trading after an ex-OpenAI employee's fund took a sizeable stake in the firm,

on 05/28/2026

Mistral to explore designing own chips, CEO says, as it ramps up infrastructure build

Mistral's semiconductor ambitions underscore the French startup's bid to control more of its infrastructure as it competes with OpenAI and Anthropic.

on 05/27/2026

Here's why Dick's Sporting Goods latest quarter signals a bright spot for Nike

We took some solace in the Dick's quarter as it relates to beleaguered Nike, a stock on borrowed time in the portfolio.

on 05/28/2026

Warren: State Department didn't seek TRANSCOM aid in evacuating Americans from Middle East

Democrats have been critical of the Trump administration's handling of Americans stuck in the region after the start of the Iran war.

on 05/28/2026

Energy inflation has been more persistent than expected, Fed's Goolsbee tells CNBC

While oil prices have recently fallen on news that a peace deal between the U.S. and Iran could come, prices are still significantly higher than before the war.

on 05/28/2026

Salesforce beats on earnings and revenue but full-year guidance comes in light

Salesforce has been hammered by investors on concern that artificial intelligence models and services will disrupt some traditional software products.

on 05/28/2026

Why Ferrari’s rocky EV launch may not be the disaster investors fear

Ferrari has endured a firestorm of criticism following the launch of its first fully electric vehicle.

on 05/28/2026

Ousted BP chair Albert Manifold rejects ‘lies’ over his conduct

BP's board on Tuesday announced the removal of Manifold due to "serious concerns" relating to governance standards, oversight and conduct.

on 05/28/2026

Google employee charged with $1M Polymarket insider trading bet on search term

The complaint from the Southern District of New York comes just over a month after another insider trading case on Polymarket.

on 05/28/2026

Fed’s Kashkari tells CNBC that inflation fight takes priority as labor market is 'in decent shape'

The Minneapolis Fed President warned that persistently high inflation risks becoming embedded in consumer expectations, potentially forcing tougher policy action later.

on 05/27/2026

Dell wins a $9.7 billion Pentagon software deal after cozying up to Trump

The purchase comes after Dell spent considerable time courting the White House and after President Trump urged purchases of the company's computers.