Author: Editor-In-Chief

American consumers have been pessimistic for so long that economists are now wondering when, or if, households will become financially wealthy.According to preliminary figures released last week, the University of Michigan Consumer Survey, which is closely watched as a leader, hit an all-time low in May. This is just one of several consumer polls showing that Americans have never regained confidence in the U.S. economy since the coronavirus pandemic began more than six years ago.Economists told CNBC that even though annual inflation rates have fallen, consumers are still feeling the scars of years of sharp price increases. On top of…

Stocks @ Night is a daily newsletter delivered after hours, giving you the first information about tomorrow and the last information about today. Sign up for free to receive it straight to your inbox. As a narrow tech-driven rally pushes the S&P 500 to new records, here’s what CNBC TV producers were watching and what’s on the table for the next session. Unemployment Insurance Claims This morning’s report will be released at 8:30 a.m. ET and will be broadcast live on “Squawk Box” with Becky Quick, Andrew Ross Sorkin and Joe Kernen. We will also report the market reaction live.…

Rob Key has left open the possibility that Zac Crawley could use his Test failure as a turning point after he became the most high-profile victim of England’s post-Ashes reshuffle.The 28-year-old was left out of England’s three-Test series against New Zealand after his struggles in the Ashes with Kent showed no signs of improving in the first few weeks of the County Championship season. ECB managing director Key admitted Crawley knew a decision was coming, but insisted he still had a future in England if he could rediscover his touch with the bat. “There weren’t many batsmen who did well…

US President Donald Trump is welcomed as he arrives in Beijing to begin his landmark state visit to China on May 13, 2026. Anadolu | Anadolu | Getty ImagesAsia-Pacific markets traded mixed on Thursday, with investors eyeing a high-stakes meeting between U.S. President Donald Trump and Chinese President Xi Jinping for clues about the future of U.S.-China relations and global trade.President Trump arrived in Beijing on Wednesday for a high-profile summit with a group of U.S. government officials, including: tesla CEO Elon Musk and Nvidia Boss Jensen Huang.Japanese Nikkei Stock Average fell 0.98% to 62,654.05, and TOPIX fell 1.03% to…

Nvidia Asked by reporters about the trip, CEO Jensen Huang said US President Donald Trump had “asked me to come” to the China summit in Beijing.Hwang was added as an afterthought to Tuesday’s high-stakes trip after he was conspicuously absent from a list of senior officials participating in the trip shared by White House officials on Monday.”This is a great opportunity for me, of course, to represent the United States and to support President Trump in one of the most important summits in human history,” Hwang told reporters on the sidelines of the event on Thursday. “President Xi and President…

A man cooks with wood during a power outage in Havana on May 13, 2026. Yamil Raji | AFP | Getty ImagesCuba’s energy minister said Wednesday that the country is running out of fuel due to the U.S. economic blockade.”If you add up the different types of fuel, we have no crude oil, no heavy oil, no diesel at all… All we have is gas from wells where production is growing,” Cuba’s Energy Minister Vicente de la O Levi told state media, according to the BBC broadcast.A U.S. blockade has blocked oil shipments to Cuba since January, causing power outages…

Four residents of Memphis, Tennessee, have filed a lawsuit accusing President Donald Trump’s administration of harassment during its immigration and crime crackdowns in the city.The complaint filed Wednesday focuses on the Memphis Safety Task Force, a law enforcement initiative launched in September by President Trump in collaboration with state and local officials.Recommended stories list of 3 itemsend of listThe plaintiffs allege that operatives involved in the crackdown retaliated against local residents who engaged in activities protected by the First Amendment, such as filming arrests.”In the name of crime control, task force officers stopped, threatened, and arrested Memphians engaged in routine…

After more than four years on the front lines in Ukraine, Officer Kirillo Bondarenko finally started to feel a change. “We see and feel how the mood of the Russian troops on the front lines is changing. They are exhausted,” Bondarenko told CNN. “We succeeded in turning the tide,” Bondarenko, a member of Ukraine’s Lazars Group unmanned air systems unit currently fighting near Zaporizhzhia, told CNN. He’s not the only one who feels that way. Last month, Ukraine succeeded in liberating more land than Russia captured, according to an analysis by the Institute for the Study of War (ISW), a…

Sky Sports will make sure you don’t miss a second of the action as the dramatic Premier League season comes to a thrilling conclusion. All remaining 20 Premier League matches will be broadcast live on Sky Sports, starting with Aston Villa v Liverpool on Friday 15th May. There will be no Premier League football on Saturday 16 May, but Sunday 17 May will see Manchester United v Nottingham Forest and relegation-threatened West Ham travel to Newcastle. Top-flight Arsenal will aim to extend their lead when they host Burnley on Monday 18th May.The penultimate game concludes on Tuesday 19th May, with…

U.S. President Donald Trump (center) is greeted by Chinese Vice President Han Zheng as SpaceX, Twitter, and electric car maker Tesla CEO Elon Musk (right) look on at Beijing Capital Airport on May 13, 2026 in Beijing. Brendan Smialowski AFP | Getty ImagesHello, my name is Dylan Butts from Singapore. Welcome to another edition of CNBC’s Daily Open.President Donald Trump descended on Beijing with a group of prominent American CEOs, preparing for a key meeting with Chinese President Xi Jinping amid heightened geopolitical and economic tensions. Asia-Pacific markets are closely monitoring breakthroughs in trade, technology, and regional security.enjoy!What you need…