California gas prices hit $6 per gallon as fuel costs jump nearly 30 cents in a week across the U.S.
Fuel costs are rising after it gas became clear that Iran is not reopening the Strait of Hormuz, one of the most important oil export corridors in the world.
Bank of England faces the ‘most difficult combination,’ says governor Bailey as energy prices soar
Bank of England policymakers must contend with the “most difficult combination” of economic effects, according to governor Andrew Bailey
Boaz Weinstein’s activist investor Saba seizes control of UK tech fund after bitter SpaceX feud
The Edinburgh Worldwide Investment Trust conceded defeat to the Boaz Weinstein’s activist fund on Thursday.
Core inflation rate hit 3.2% in March as first-quarter growth disappointed at 2%
Consumers faced escalating prices in March as the Iran war sent oil soaring and created a new level of challenges for the Fed.
European Central Bank keeps rates on hold in the face of inflation threat
The ECB’s governing council opted to hold its benchmark deposit facility rate at 2% on Thursday.
Oil & gas hedges, commodity bull market — 3 investment strategies from the studio
Here are three investment strategies we heard out of CNBC’s London studios on Thursday to help navigate the noise.
Trump said his blockade would cause Iran’s oil industry to ‘explode’ this week. Why that won’t happen
The U.S. and Iran are locked in a standoff that will only break when one side decides it can no longer tolerate the pain. Who will move is unclear.
Bank of England keeps rates on hold at 3.75% as Iran war shakes outlook
The Bank of England voted to keep its key interest rate on hold at 3.75% on Thursday
Markets are still underpricing Iran war risks, investors warn as oil fluctuates around four-year high
Fresh concerns about the trajectory of the U.S.-Iran war sent Brent crude futures beyond $125 on Thursday.
Eli Lilly blows past quarterly estimates, hikes outlook as Zepbound and Mounjaro sales skyrocket
Lilly hiked its full-year sales outlook by $2 billion, and also raised its adjusted profit guidance.
