Breaking News: Economy

Economy

Surging gas prices are hitting lower-income households harder, New York Fed study shows

A gas station sign displays prices in Washington, D.C., U.S., May 1, 2026. Annabelle Gordon | Reuters Lower-income consumers are

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Economy

Aluminum prices are surging. Here’s how companies are handling the costs

A can of Coors Light beer and a Ford F-150 pickup truck. Gabby Jones | Bloomberg | Brandon Bell |

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Earnings

Frontier Airlines forecasts revenue boost from Spirit collapse

Spirit Airlines and Frontier Airlines ticket counters at Kansas City International Airport. Leslie Josephs/CNBC Frontier Airlines expects a revenue boost

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Economy

Inside the Fed: Powell vows he won’t be a ‘shadow chair,’ but a Warsh clash will be tough to

Federal Reserve Chairman Jerome Powell, and Federal Reserve Nominee, Kevin Warsh. Reuters When the Federal Open Market Committee gathers again

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Business

How the Iran war is hitting U.S. homebuilders

Key Points Homebuilder sentiment dropped sharply in April, according to a monthly index from the National Association of Home Builders.The

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Finance

Here’s what to expect from Fed chair nominee Kevin Warsh’s Senate hearing Tuesday

Kevin Warsh, former member of the Federal Reserve Board of Governors. Courtesy: Hoover Institution Federal Reserve chair nominee Kevin Warsh

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