United earnings top estimates but airline expects  billion in added fuel costs

United earnings top estimates but airline expects $6 billion in added fuel costs

A United Airlines plane takes off from the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida, June 9, 2026. Joe Raedle | Getty Images United Airlines‘ second-quarter results came in ahead of Wall Street estimates, but billions of dollars in added fuel costs continue to weigh on earnings, the carrier said Wednesday. Here is what United…

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Oil jumps 3% as U.S.-Iran ceasefire fractures; Trump's Hormuz toll plans reignite supply fears

Oil jumps 3% as U.S.-Iran ceasefire fractures; Trump's Hormuz toll plans reignite supply fears

APA Corporation’s Beryl Alpha oil platform in the North Sea. Courtesy: APA Corporation Oil prices rose on Tuesday after U.S. President Donald Trump announced plans to impose shipping fees in the Strait of Hormuz and reinstate a blockade of Iranian ports, raising concerns over potential disruptions to global crude supplies.  U.S. West Texas Intermediate futures…

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U.S. launches airstrikes against Iran after Tehran attacks container ship in Hormuz, Pentagon says

U.S. launches airstrikes against Iran after Tehran attacks container ship in Hormuz, Pentagon says

President Donald Trump ordered renewed airstrikes against Iran on Saturday after the Islamic Revolutionary Guard Corps attacked a commercial ship transiting the Strait of Hormuz, the U.S. military said in a statement. The M/V GFS Galaxy, a container ship sailing under the flag of Cyprus, is unable to continue its journey after the Iranian attack…

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Fed officials were split on direction of interest rates at last meeting, minutes show

Fed officials were split on direction of interest rates at last meeting, minutes show

Federal Reserve officials were split last month about the future of interest rates, with policymakers entertaining scenarios in either direction, according to meeting minutes released Wednesday. In Kevin Warsh’s first meeting June 16-17 as chairman of the Federal Open Market Committee, participants saw outcomes where inflation could ease and allow lower rates, while others envisioned…

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Rivian stock falls nearly 15% as company sells 75 million shares to raise capital

Rivian stock falls nearly 15% as company sells 75 million shares to raise capital

A motherboard from one of Rivian’s all-electric vehicles. Michael Wayland / CNBC Rivian Automotive stock plunged nearly 15% during midday trading on Tuesday after the electric vehicle maker announced a public offering of 75 million shares of its Class A common stock. The capital raise occurred during extended hours trading after Rivian shares rose 8.1%…

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