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Last updated: 2026-04-29 13:50:52 ET
Pulse AI Brief
Updated Apr 29, 2026 1:10 PM ET
US gasoline prices surged to $4.22 per gallon, the highest level since 2021, driven by refinery constraints and geopolitical supply concerns. The spike reverses months of price moderation and reignites inflation pressures at the pump.
Higher fuel costs will compress consumer discretionary spending and transportation margins, pressuring retail stocks and logistics operators. Energy equities may see temporary support, but sustained high prices risk triggering demand destruction and recession fears.
The price surge complicates the Federal Reserve's inflation narrative and could delay interest-rate cuts, weighing on growth-sensitive equities and fixed-income markets.
Blockade threat in vital strait and Trump’s stance lift crude, pushing pump prices to highest level since 2022Sign up for the Breaking News US email...
Alphamin Resources (TSX-V: AFM; JSE: APH) reported record quarterly profit and declared a final fiscal year 2025 dividend as strong tin prices and expanded production lifted cash flow. The company... The post Alphamin posts record profit, boosts divi...
The national average price of a gallon of gasoline hit $4.23, following oil prices upward as supplies from the Middle East remain disrupted.
Pay-per-mile car insurance can cut down your costs. CNBC Select highlights the best insurers.
The latest move higher comes amid reports that the U.S. will look to extend its blockade of Iranian ports.
Oil prices reaching $200 — and two other scenarios — could tip the global economy into a recession, according to the latest quarterly outlook from...
Oil prices continued to rise on Wednesday after U.S. President Donald Trump appeared to threaten Iran in a TruthSocial post.
Consumer prices were 3.5% higher than a year earlier, an increase in the annual rate of inflation from 3.4% in March.
Asian stocks are mostly higher despite a retreat on Wall Street, and oil prices slipped after the United Arab Emirates said it would leave OPEC in a b...
Financial markets are betting the Reserve Bank will hike interest rates for a third straight meeting next TuesdayFollow our Australia news live blog f...
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