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Economy

Macro stories that shape growth, inflation, labor markets, household spending, public budgets, and investor expectations.

Inflation and rate path Growth and labor-market momentum Consumer demand and credit pressure

Economy

May 12, 2026

Sam Altman Testifies Elon Musk Sought Control of OpenAI, Suggested Passing It to Children

Sam Altman, co-founder and chief executive of OpenAI, revealed to a federal jury that Elon Musk had sought significant control over the artificial intelligence...

Economy

May 12, 2026

Hidden Market Weakness Persists Despite New Highs, Fueled by Concentrated Tech Gains

Despite recent advances pushing major stock indices to new highs, underlying market breadth and participation suggest a hidden weakness.

Economy

May 12, 2026

Companies Begin Receiving Tariff Refunds After Supreme Court Ruling

The initial wave of refunds for tariffs deemed unconstitutional by the Supreme Court has started to reach companies.

Economy

May 12, 2026

Marty Makary Out as FDA Commissioner Amidst Backlash and Internal Turmoil

Marty Makary has been removed from his position as Commissioner of the Food and Drug Administration (FDA), President Donald Trump announced Tuesday.

Economy

May 12, 2026

U.S. Natural Gas Inventories End Winter Near Five-Year Average

natural gas inventories concluded the winter heating season at levels closely aligned with the five-year average, according to data from the U.

Economy

May 12, 2026

GM Employees Recount Abrupt Layoffs, AI’s Role, and Severance Details

Several General Motors employees recently laid off described their termination experiences to CNBC, detailing abrupt virtual meetings, scripted human resources messages, and the perceived...

Economy

May 12, 2026

Middle East Gulf Supplied 8% of U.S. Crude Oil Imports in 2025

In 2025, the United States sourced an average of 490,000 barrels per day (b/d) of crude oil from the Middle East Gulf region, which...

Economy

May 12, 2026

Summer Box Office Surges Past $160 Million in Weekend Ticket Sales

The domestic box office has kicked off the summer season with a robust performance, generating $161.

Economy

May 12, 2026

United Airlines Flight Attendants Ratify New Contract, Securing Significant Raises

United Airlines flight attendants have ratified a new five-year labor contract, a significant development that will bring substantial pay increases and other improvements to...

Economy

May 12, 2026

Transportation Secretary Sean Duffy’s Reality Show Filmed Amidst Ethics Concerns Over Industry Sponsors

Transportation Secretary Sean Duffy has ventured back into the realm of reality television, participating in the filming of a cross-country road trip series with...