Economy

Uber and Disney are seeing the same remarkable dynamic in this economy. Both stocks are surging

Uber and Disney pointed to a resilient spending backdrop, with consumers continuing to shell out for rides, food delivery, vacations and theme park trips.

Private payrolls rose by 109,000 in April, topping expectations, ADP says

The report provided more evidence of a stable labor market and less incentive for the Fed to lower interest rates.

Uber pops 8% as company issues higher-than-expected bookings guidance

Uber said its net income took a $1.5 billion hit in the first quarter of 2026 due to the revaluation of the company's equity investments.

Burna Boy, Wizkid, Tyla and more took African pop global. So why don’t they tour Africa itself?

Due to many obstacles – from security to air fares – local fans lose out as African artists tour overseas instead. But as western corporations invest, there are more worries besides

Nine dollars for a Starbucks is an ‘affordable luxury’? CEOs need to wake up and smell the coffee

The head honcho thinks splurging nearly $10 on a beverage during a cost-of-living crisis is fine for a ‘special experience’. It’s time to offer my own valuable advice

Blue-state musical chairs: The wealthy walk away, and the rest foot the bill

At a Seattle University forum last month, Mayor Katie Wilson delivered what may go down as the most economically illiterate applause line of the year. Asked about millionaires fleeing Washington over the state’s new 9.9% income tax on earnings above $1 million, the self-described socialist waved her hand and said, to cheers from the crowd, “I think the claims that millionaires are going to leave our state are, like, super overblown. And if — the ones that leave, like, bye.”

Trump is slightly over-optimistic on gas prices

Addressing business leaders this week, President Donald Trump argued that the economy was “roaring.” He added that gasoline prices, which are at four-year highs, will be “going down very substantially.”

Make America into a lithium energy powerhouse

A recent discovery in Appalachia could unlock U.S. dominance in lithium, an increasingly critical mineral. Policymakers should eliminate processing and regulatory hurdles that have kept similar riches locked away and ensure that the United States is well-positioned to take advantage of its richness in this important asset.

European stocks close higher amid growing optimism for U.S.-Iran peace deal

European stocks soared on Wednesday as traders responded to reports that the U.S. and Iran are close to an agreement that will bring an end to the war.

Lufthansa faces nearly $2 billion in extra fuel cost amid the Iran war, after axing 20,000 flights

Germany's largest airline, Lufthansa, is taking on additional fuel costs as the Middle East conflict poses 'enormous challenges.'

Oil prices fall more than 7% as U.S. and Iran appear close to deal to end war

Oil prices fell sharply after Axios reported that the U.S. and Iran were closing in on an agreement to bring an end to the conflict.

Stocks making the biggest moves after hours: Advanced Micro Devices, Super Micro Computer, Arista Networks & more

See which stocks are posting big moves after the bell.