Wealthy collectors not showing any signs of slowing down as art and car auctions break more records. CNBC’s Robert Frank joins ‘Squawk Box’ with the details.
Iran sends millions of barrels to China through Strait of Hormuz even as war chokes the waterway
Iran has continued to ship crude oil via the Strait of Hormuz to China even as the war between U.S.-Israel and Iran has disrupted broader energy supplies via the waterway.
Kevin Warsh faces an economic ‘perfect storm’ as he waits to take over as Fed chair
Warsh faces a potential buzzsaw in the form of a Hobson’s choice between fighting inflation and supporting the labor market.
Stocks making the biggest moves midday: Rivian, Hims & Hers, BioNTech, Vertex Pharmaceuticals & more
These are some of the stocks seeing the largest midday moves.
Gas prices pass $3.50 per gallon to highest level since 2024 amid U.S.-Iran war
Prices are up 21% from a month ago with the oil market roiled by the U.S.-Iran war.
Surging oil prices could wipe out benefits from Trump’s ‘big beautiful bill’
Estimates from Wall Street project that if oil prices stay elevated for too long, consumers will lose as much as they gain from the new tax law.
Stocks making the biggest moves premarket: Kohl’s, Casey’s General Stores, Vertex Pharmaceuticals and more
These are the stocks posting the largest moves in early trading.
Fears of 1970s-style stagflation arise with oil spike to $100. How big a threat is it?
High inflation and slow growth present a double threat, as measures like interest rate cuts and government spending only aggravate inflation.
There’s another energy market that may get hit harder than oil by Strait of Hormuz closure
Roughly 20% of global LNG flows through the Strait.
Stocks making the biggest moves midday: Chevron, Hims and Hers, Xenon Pharma, Vertiv and more
These are some of the stocks posting the largest midday moves.