Author: Leslie Stewart

An Uber sign is placed on a vehicle at San Francisco International Airport (SFO) on Monday, February 2, 2026 in San Francisco, California, USA. David Paul Morris | Bloomberg | Getty ImagesFor more than a decade, Alvaro Boraines has been a rideshare driver, transporting passengers around Los Angeles in his SUV. He’s never seen anything like what happened with Gus this month.”It’s changing very quickly,” Boraines told CNBC. “That’s insane.”In Boraines’ eyes, prices have skyrocketed “overnight” in the wake of the U.S. and Israeli attack on Iran. Boraines has tried to avoid short rides to ensure he makes a profit…

Top Shot – U.S. President Donald Trump (left) and Chinese President Xi Jinping arrive for a meeting at Gimhae Air Base adjacent to Gimhae International Airport in Busan on October 30, 2025. Donald Trump and Chinese President Xi Jinping are set to seek a ceasefire in their bitter trade war on October 30, with the US president predicting a “great meeting” but Beijing taking a more cautious stance. (Photo by Andrew Caballero-Reynolds/AFP) (Photo by Andrew Caballero-Reynolds/AFP via Getty Images) Andrew Caballero-Reynolds | AFP | Getty ImagesWith a high-stakes summit in Beijing less than three weeks away, the United States has…

President Donald Trump addresses supporters during a rally at the U.S. Steel Irvin Plant in West Mifflin, Pennsylvania, May 30, 2025.Jeff Swensen | Getty ImagesA quick guide to Section 301 from CNBC is a quick guide to what Section 301 is, why the White House decided to use it, and what President Donald Trump’s administration hopes to accomplish.”Section 301″Simply put, Section 301 of the Trade Act of 1974 allows us to investigate trade practices that appear to be unfair to determine “whether the acts, policies, or practices of a foreign state are unreasonable or discriminatory and burden or restrict United…

IE11 is not supported. For the best experience, please visit our site in a different browser.Currently playingInside a Beirut hospital treating injured children01:24to the nextJet skier appears stranded on Boston’s icy river00:16Mr. Ye ordered to pay $140,000 in handyman lawsuit00:19Two fuel tankers caught fire in attack in Iraqi waters00:43Israeli advisor: Iranian people need to ‘rise up’00:54Kansas’ Trans ID law invalidates 1,700 driver’s licenses01:30Former intelligence agencies may be responsible for US attack on Iranian school01:17Rangers use drones to control unruly elephants in Kenya00:50Car wash worker kills man with ax00:52President Trump calls US operation in Iran ‘a quick trip’00:30Pulse Nightclub sign to…

IE11 is not supported. For the best experience, please visit our site in a different browser.Currently playingFormer intelligence agency may be responsible for US attack on Iranian school, sources say04:41to the nextPresident Trump describes conflict with Iran as ‘a little trip’01:32’We could do worse’: President Trump says what else needs to be accomplished on Iran00:39President Trump is concerned about Iran war plans and rising gas prices02:13US announces collision with 16 Iranian minelayers near Strait of Hormuz02:27US launches ‘heaviest’ airstrikes ever against Iran03:06Prime Minister Johnson says Iran’s nation-building is not America’s responsibility02:11White House: Iran war will end if President Trump says…

The US Treasury building in Washington.Saul Loeb | AFP | Getty ImagesThe U.S. budget deficit exceeded $1 trillion in the fiscal year that ended in February, Treasury data showed on Wednesday, but it was significantly lower than the same period a year earlier.Expenses exceeded revenues by $308 billion in February, roughly matching the deficit recorded in the same month last year.The fiscal year-to-date budget deficit totaled $1.004 trillion, about 12% less than the comparable period in 2025, as government revenues grew faster than spending.What helped narrow this gap was a sharp increase in customs duty collections. Tariffs totaled $151 billion…

Prices consumers pay for a wide range of goods and services rose in line with expectations in February, providing a final look at inflationary pressures before the Iran war-related oil shock rattled the outlook.The consumer price index rose a seasonally adjusted 0.3% in the month, bringing the 12-month inflation rate to 2.4%, according to Bureau of Labor Statistics data released Wednesday. Both numbers were in line with Dow Jones consensus estimates.Excluding volatile food and energy prices, core CPI was 0.2% month over month and 2.5% annualized, also in line with expectations, compared to expectations of 0.2% and 2.5%.The annual rate…

The February consumer price index, released Wednesday at 8:30 a.m. ET, is expected to show prices rose only slightly, just before the Iran war caused energy costs to soar.Analysts and economists surveyed expect overall inflation to rise 0.3% from January. On a year-on-year basis, inflation is expected to remain at 2.4%. Core inflation, which excludes volatile food and energy, is expected to slow to 0.2% month-on-month, down from 0.3% in January.”February’s CPI report should continue to show that inflation remains relatively subdued,” Bank of America economists said in a recent note.Importantly, the February report was produced before the United States…

A Rotterdam hopper dredger operated by Van Old is moored in Muscat, Oman, March 9, 2026, amid the US-Israel-Iran conflict and as Iran pledges to close the Strait of Hormuz.Benoît Tessier | ReutersIran continues to send large amounts of crude oil to China via the Strait of Hormuz, even though the war between the US, Israel and Iran has put widespread supplies through the vital sea route at risk. Tanker Trackers co-founder Sameer Madani told CNBC on Tuesday that Iran has sent at least 11.7 million barrels of crude oil through the Strait of Hormuz since the war began on…

IE11 is not supported. For the best experience, please visit our site in a different browser.Currently playingDallas players return home after witnessing strike in Tehran01:16to the nextApproximately 140 US military personnel injured in Iran war00:31UAE video shows Iranian drone destroyed00:23Fire breaks out in Tehran after reports of airstrike00:24US launches ‘heaviest day of attacks’ against Iran00:45Rescue workers search the rubble after Tehran airstrike00:31Prime Minister Netanyahu says there is ‘more to come’ on Iran00:27Australia grants asylum to 5 Iranian soccer players00:50Who is Iran’s new supreme leader?01:40President Trump threatens further attacks if Iran cuts off global oil supplies00:58Explosion detected in Beirut as Israel…