Finance
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Fed researchers see a ‘full pass-through’ of Trump’s tariff costs to consumers, adding almost a full percentage point to inflation
The debate about who actually pays for tariffs has simmered in boardrooms and at kitchen tables across America. A little over a year into President Donald Trump’s tariff regime, a number of studies are now determining that U.S. consumers have been its biggest financier. The burden of tariff costs have gone from international trade partners,
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Saudia Aramco reports 25% jump in Q1 profit as Iran War reshapes oil market
Aramco, the world’s largest oil company, said Sunday its first quarter profit jumped 25% as the Iran war disrupted oil supplies and raised prices. Dhahran, Saudi Arabia-based Aramco said it successfully shifted some oil exports to a pipeline to avoid the Strait of Hormuz, which has been disrupted by the war. On Sunday, the price
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Iran War is more than inconvenient for Bangladesh as millions consider leaving urban life to move back to the village
Tariqul Islam lost his savings after setbacks in his clothing business about a year and a half ago and turned to ride-sharing on his motorbike to make ends meet. Until recently, he spent hours in fuel lines as supply disruptions linked to the war in Iran ripple into Bangladesh. The 53-year-old father of four fears
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Amex bought Resy. Chase bought The Infatuation. Inside the credit card industry’s quiet takeover of how you spend
That hard-to-get reservation at the just-opened restaurant? It might run through a booking platform owned by your credit card company. The court-side tickets and the post-game meet-and-greet? Same. The hotel you’re about to book, the car ride to the restaurant, the points that post when the check arrives—increasingly, all of it lives inside infrastructure controlled
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Forget U.S. debt, China’s total borrowing is in ‘a league of its own’—much worse and deteriorating faster, analyst says
As President Donald Trump gets set to meet Chinese counterpart Xi Jinping this week, China’s technological prowess will be on display, but its state-led growth model has been slowing—and a rapidly expanding mountain of debt is a warning sign. In fact, while the recent explosion in U.S. federal debt has raised numerous red flags, a
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Jensen Huang’s message to electricians and plumbers: ‘This is your time,’ as AI buildout leads to soaring demand for skilled trades
In the artificial intelligence age, industry leaders say the most in-demand and potentially lucrative professions might not be the roles building AI models themselves, but rather the sorely lacking manual labor needed to supply the technology’s massive infrastructure needs. That’s the endorsement of Nvidia CEO Jensen Huang. Addressing Carnegie Mellon University’s class of 2026 during
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Young Americans are more pessimistic about jobs than their parents—and no advanced economy has ever seen this kind of divide
For years, younger Americans have been more optimistic about the job market than older Americans, even through the depths of the Great Recession. But in an abrupt shift, a new poll released Monday finds young people’s confidence has plummeted over the past two years — while their elders remain more upbeat. The gap between young
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The American housing market is broken—and 3 years in, it’s starting to look permanent
Sales of previously occupied U.S. homes were essentially flat in April, another lackluster showing for the housing market during what’s traditionally its busiest time of the year. Existing home sales edged up 0.2% last month from March to a seasonally adjusted annual rate of 4.02 million units, the National Association of Realtors said Monday. Sales
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Current price of oil as of May 11, 2026
As of 8:55 a.m. Eastern Time today, oil sold for $107.67 per barrel (using Brent as the benchmark, which we’ll get into momentarily). That’s 48 cents higher than yesterday morning and approximately a $43 rise over the past year. Oil price per barrel % Change Price of oil yesterday $107.19 +0.44% Price of oil 1
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U.S. Treasury pays $3 billion a day in interest on national debt nearing $39 trillion mark
The U.S. Treasury has paid $628 billion in net interest this year to service its borrowing,according to the the Congressional Budget Office (CBO). The latest monthly budget update on the national debt and its interest burden, shared on May 8, breaks down the government’s income and outgoings for the fiscal year so far, which began