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The Latest Breaking News from CNBC

New Psychedelics Push by Donald Trump Raises Questions About Federal Drug Policy Delays

Donald Trump's new psychedelics order aims to speed research but raises concerns about slow federal drug policy progress and delays.

International Business Times

Trump is ready to resume bombing Iran if negotiation talks stall: ‘the military is raring to go’

IN FULL

The Independent UK

Experts Warn Against 'Glass Half-Full' Perspective About Investing Through Iran War

Experts are warning that investors might be misreading the latest turns in the Iran war, including a brief reopening of the Strait of Hormuz on Friday with a "glass half-full view," according to a new report.

International Business Times

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Wawa abandons drive-thru experiment in favor of mobile order pickup windows

The convenience’s store cult-like following fans that have helped it become America’s favorite convenience store

The Independent UK

Uber Eats Adds Easy Returns Option, But Customers Must Pay for Pickup

Uber Eats introduces instant refund returns with courier pickup, offering faster refunds for a fee and changing how online shoppers handle returns.

International Business Times

How Gas Prices Just Changed Your 2027 Social Security Check

Inflation and the Iran war have pushed gas prices higher, but that could mean a bigger 2027 Social Security COLA for retirees. Find out what to expect.

GOBankingRates

Iran War Jitters And Rising Mortgage Rates Cool Crucial U.S. Spring Housing Market, CNBC Survey Finds

A new CNBC survey finds Iran war fears and rising mortgage rates are chilling the key 2026 U.S. spring housing market, slowing buyer demand despite still‑tight inventory.

International Business Times

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Top Wall Street Banks Shed Thousands Of Jobs Despite Strong Profits: Report

Top Wall Street banks have shed thousands of jobs in the first quarter of the year despite notching record profits, according to a new report.

International Business Times

How To Refinance Student Loans Amid Backlogs For 643,000 Borrowers, Looming SAVE Plan Deadline

Over 643,000 US student loan borrowers remain stuck in repayment backlogs as the SAVE plan winds down and a 1 July deadline approaches.

International Business Times UK

Oxford Researcher Warns Young Americans' Happiness 'Falling Off a Cliff,' But Social Media Is Not The Only Factor

Jan-Emmanuel De Neve, the Oxford economist who helps steer the World Happiness Report, pointed to social media overuse, processed food, and fewer family ties as reasons for the lack of happiness among young Americans.

Latin Times

Oxford Researcher Warns Young Americans' Happiness 'Falling Off a Cliff,' But Social Media Is Not The Only Factor

International Business Times

Bank Of America Signals Resilient US Economy As Profits Rise On Trading Strength

Bank of America's latest results add to Wall Street signals that US economic activity is holding up despite persistent rate uncertainty.

International Business Times

Nearly 60% Of U.S. Farmers Report Worsening Finances As Fertilizer And Fuel Costs Climb, Survey Finds

American Farm Bureau Federation data shows sharp regional differences in affordability pressures as spring planting begins amid global supply chain disruptions affecting fertilizer shipments.

International Business Times

Bernie Sanders issues blistering four-word response to Trump’s economic adviser’s take on rising oil prices over Iran war

Veteran left-winger ridicules National Economic Council Director Kevin Hassett over his attempts to reassure the public as war drags on and fuel crisis threatens to deepen

The Independent UK

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The Guardian - UK

IMF calls for countries to economise on energy supplies, and hails UK’s budget deficit improvement – as it happened

Rolling coverage of the latest economic and financial news, as IMF managing director Kristalina Georgieva gives a press conference in Washington DC

International Business Times

Iran War Could Cost The U.S. Up To $1 Trillion Over Time, Harvard Economist Warns

Harvard-backed estimates suggest prolonged conflict could reshape U.S. fiscal policy, defense spending and long-term debt trajectory

Fortune

Palantir CEO says working at his $316 billion software company is better than a degree from Harvard or Yale: ‘No one cares about the other stuff’

Sorry, Apple, Google, and OpenAI, Palantir’s billionaire boss, Alex Karp, says a job at his AI firm is the “best credential in tech.”

Fortune

Anthropic faces user backlash over reported performance issues with its Claude AI chatbot

“Claude has regressed to the point [that] it cannot be trusted to perform complex engineering,” one developer wrote.

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The Independent UK

Pete Buttigieg absolutely shreds CNBC host on Iran war and Trump’s broken inflation promises

The former transportation secretary said ‘inflation was lower’ when the Biden administration left ‘than it is today’

International Business Times

U.S. Inflation Rises In March As Energy Surge Drives Prices Higher

US inflation picked up sharply in March, driven largely by a surge in energy costs, marking a clear acceleration from the more subdued pace seen earlier this year.

Barchart

Do We Need to Fear a "Super El Niño"?

Watch out for the "Supercalifragilisticexpialidocious" El Niño headed our way this year.

International Business Times

Oil Prices Spike Amid Ceasefire Hopes And Strait Of Hormuz Bottlenecks

Prices had earlier dipped below $95 following initial optimism about the ceasefire before rebounding as doubts emerged over the durability of the agreement.

International Business Times UK

MIT Professor Warns AI Can Give Financial Advice — But 'Has No Teeth' To Protect You

MIT professor Andrew Lo says AI has the financial expertise but no fiduciary duty, leaving it with 'no teeth' as a substitute for human advisers.

Barchart

Kevin O’ Leary Says if Elon Musk Pitched Tesla on Shark Tank, He’d Have Passed on It, ‘You’re Crazy’— But Now He’s a Fan, Because of His Son

Shark Tank investor Kevin O’Leary said he would have rejected Elon Musk’s Tesla pitch, calling it “crazy” and saying he would have said no on the show.

The Independent UK

Sean Duffy tells Americans who can’t afford to fly that soaring costs are ‘short term’ thanks to Trump

Transportation Secretary responded to questions about the soaring cost of jet fuel amid the Iran war

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