Federal Reserve Chair Jerome Powell projects U.S. economic growth will exceed 2% this year, citing resilient consumer spending and data center investment despite energy shocks from the war in Iran.

Gasoline prices in California rise above $6 per gallon as global energy markets react to the ongoing war involving Iran. The increase reflects broader volatility in fuel costs linked to the conflict.

Gasoline prices in California have exceeded $6 per gallon, driven by global energy market volatility linked to the ongoing war involving Iran.

Meta, Alphabet, Microsoft, and Amazon report record $130 billion in combined capital expenditures for Q1 2026. The companies are projected to reach $725 billion in total spending for the year, marking a 77% increase over 2025 levels.

Meta, Alphabet, Microsoft, and Amazon reported a record $130 billion in combined capital expenditures for the first quarter of 2026, with projections for the full year reaching $725 billion.

Samsung reports a nearly 50-fold increase in chip profits, though the company warns that supply shortages are expected to worsen in 2027.

Samsung Electronics reported a nearly 50-fold increase in chip profits, while the company warned that supply shortages are expected to intensify in 2027.

Euro zone inflation rises to 3% as regional economic growth nearly stalls. The latest data indicates a significant shift in the bloc's financial trajectory.

Euro zone inflation has risen to 3% while economic growth in the region has nearly stalled.