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Trump warns Iran the clock is ticking as $111 oil, a drone on a nuclear plant and a 30-year bond at 5.14 percent rewrite the American budget

Trump warns Iran the clock is ticking as $111 oil, a drone on a nuclear plant and a 30-year bond at 5.14 percent rewrite the American budget

By Perplexity The week opens with a presidential threat, a drone on the Arab world's only nuclear power station, a global bond market that no longer believes inflation will quietly fade and a vanished discount airline whose absence is now showing up in vacation budgets. President Donald Trump

Xi tells Trump he will not arm Iran, but the Hormuz stays mostly shut, and American shoppers keep paying

Xi tells Trump he will not arm Iran, but the Hormuz stays mostly shut, and American shoppers keep paying

Compiled by Perplexity The Trump-Xi summit ended Thursday with a polite communique, a promise that the Strait of Hormuz "must remain open" and a private assurance from Xi Jinping that China will not send military equipment to Tehran — but the chokepoint is still effectively closed, an Indian-

Trump shakes hands with Xi in Beijing, but a seized tanker, $4.53 gas and a Thermos recall rule the morning at home

Trump shakes hands with Xi in Beijing, but a seized tanker, $4.53 gas and a Thermos recall rule the morning at home

President Trump sat down with Xi Jinping in the Great Hall of the People on Thursday, and Wall Street watched in case the meeting produced anything that might pull gasoline back below $4.50 a gallon. It did not.

Inflation breaks 3.8 percent as Trump heads to Beijing with a gas tax idea in his pocket

Inflation breaks 3.8 percent as Trump heads to Beijing with a gas tax idea in his pocket

The April consumer price index landed Tuesday morning at 3.8 percent, the hottest annual inflation reading since May 2023, and consumers spent the rest of the day watching the dominoes fall.

Inflation day arrives with gas, groceries and the housing market all in the squeeze

Inflation day arrives with gas, groceries and the housing market all in the squeeze

Inflation day arrives with gas, groceries and the housing market all in the squeeze

Iran war reshapes the American household budget as five pressures collide

Iran war reshapes the American household budget as five pressures collide

Top consumer stories: May 11, 2026 Eleven weeks into a war with Iran that no one expected to last this long, the conflict is now the through-line of the American consumer story. It has pushed gasoline 52 percent higher than it was in late February, lifted mortgage rates back

Five squeezes, one wallet: The pressures hitting U.S. consumers this week

Five squeezes, one wallet: The pressures hitting U.S. consumers this week

American consumers are walking into the second week of May juggling a tighter set of trade-offs than at any point this year.