Americans have spent nearly $450 extra per household on rising energy costs during the Iran War, according to an analysis shared exclusively with CNBC’s Steve Liesman. The average household has shelled out $447.19 for additional fuel-related expenses since the conflict began, data from Moody’s Analytics found. That’s cumulatively cost American consumers nearly $60 billion as …
Suspending the federal gas tax could bring down prices at the pump but may not provide consumers with meaningful relief, experts say. On Monday, President Donald Trump said in Oval Office remarks that he would “reduce” the tax, after saying in an interview with CBS News that he wants to pause it “for a period of time.” The taxes and …
Traders work at the New York Stock Exchange on April 16, 2026. NYSE U.S. stocks climbed to record highs on Wednesday against a backdrop of war, an oil supply shock and economic forecasts warning of stunted growth amid a protracted conflict. Many investors may be thinking: Why? Largely, it’s because the stock market is a …
Wall Street, Manhattan, New York. Andrey Denisyuk | Moment | Getty Images Wall Street banks may finally be getting a long-awaited opening to claw back market share from private credit lenders. After a decade in which private credit lenders grew rapidly and took over a large share of financing for leveraged buyouts, signs of strain …
A sign displays the prices of unleaded gasoline at a Chevron gas station in Palo Alto, California, US, on Tuesday, March 10, 2026. David Paul Morris | Bloomberg | Getty Images The war in Iran — and the accompanying spike in oil and gasoline prices — risks exacerbating the so-called K-shaped economy, economists said. The …