The Latest Breaking News from Axios

CEOs Lose Confidence In Economy As Head Winds Drag On: Report

CEO confidence fell sharply in the second quarter, dropping 12 points to 47, according to a survey from The Conference Board and The Business Council.

International Business Times · May 30

Americans Are Spending Faster Than They Earn As Savings Rate Falls, Figures Show

Consumer spending rose in April even as disposable personal income fell, suggesting many Americans are no longer spending from strength but from savings.

International Business Times · May 29

Mystery company accidentally blew $500 million on Claude AI in a single month — failed to put usage limit on licenses for employees

A new report cites an AI consultant claiming a client accidentally spent $500,000,000 on Claude in a single month.

Tom’s Hardware · May 29

Dollar Slides on Weak US Economic News and US-Iran Peace Hopes

The dollar index (DXY00 ) on Thursday fell from a 7-week high and finished down -0.18%. The dollar gave up early gains and turned lower today on weaker-than-expected US economic news that is dovish for Fed policy. Weekly jobless claims rose more than expected, Apr capital goods new orders nondefense...

Barchart · May 28

Military has spent months building up ships and personnel in Caribbean and is ready for invasion of Cuba: report

President Trump and his advisers have reportedly gamed out scenarios where the U.S. military attacks Cuba, but an invasion plan is not currently underway

The Independent UK · May 28

Crude Oil Prices Rise as US-Iran Peace Deal Not Yet Realized

July WTI crude oil (CLN26 ) on Thursday closed up +0.22 (+0.25%), and July RBOB gasoline (RBN26 ) closed up +0.0339 (+1.11%). Crude oil and gasoline prices recovered from early losses on Thursday and settled higher after US forces struck Iranian military targets for the second time this week and...

Barchart · May 28

US, Iran engage in tit-for-tat attacks

Iran and the US engaged in tit-for-tat clashes this Thursday. Tehran said it fired on an American army base in the region, while the US claimed it had struck Iran’s Bandar Abbas port. Later in the day, Axios reported that Washington and Tehran had reached an agreement to extend their…

France 24 · May 28

Why are oil prices down today, and will Brent and US WTI crude futures continue to drop or rise again? Ceasefire report and US stockpile data impact crude market

Why are oil prices down today, and will Brent and US WTI crude futures continue to drop or rise again? Oil prices moved lower after reports claimed the United States and Iran reached a ceasefire extension agreement. Brent crude and US WTI crude futures also reacted to lower-than-expected US crude…

The Economic Times · May 28

Crude Oil Prices Supported as Strait of Hormuz Remains Closed

July WTI crude oil (CLN26 ) today is up +0.37 (+0.42%), and July RBOB gasoline (RBN26 ) is up +0.0168 (+0.55%). Crude oil and gasoline prices recovered from early losses and moved higher today after US forces struck Iranian military targets for the second time this week and Kuwait said...

Barchart · May 28

Gulf of suspicion: US and Iran said to be nearing deal even as missiles fly

Amidst escalating tensions and attacks in the Strait of Hormuz, the US and Iran are reportedly nearing a diplomatic breakthrough. A draft Memorandum of Understanding could extend a fragile ceasefire, opening a 60-day window for talks on Iran's nuclear program in exchange for economic relief.

The Times of India · May 28