A combination of factors including bad weather, tariffs and a dwindling cattle herd are already pushing up grocery prices at an above-average pace. In April, they rose by the most in nearly four years, and economists say the impact of the Iran war and a potential El Niño weather pattern will only add to pressures into 2027.

The hit to US household finances from higher grocery bills is set to intensify just ahead of the November midterm elections, amplifying affordability as a defining issue. And to a greater extent than the surge in gas prices, the slower-moving food shock will be difficult to reverse quickly because the size of autumn harvests is determined by planting decisions made in the spring.

Mark Niquette & Lauren Rosenthal | Yahoo Finance

American motorists, already facing the highest gasoline prices since 2022, are likely to see fuel costs rise further as the busy summer travel season heats up.

A new forecast from tracking service GasBuddy predicts gas prices across the U.S. will average $4.80 a gallon between Memorial Day weekend and Labor Day.

Mary Cunningham | Yahoo Finance

The plan by the ChatGPT maker, which was last valued at $852 billion, comes two days after it ​fended off an existential court challenge from Elon Musk and threatens to upstage SpaceX’s IPO filing, expected later in the day.

Echo Wang & Utkarsh Shetti | Yahoo Finance

For the three months ended March 31, 2026, the rocket company, which will trade under the ticker “SPCX” on the Nasdaq, reported revenue on a consolidated basis of $4.694 billion, a loss from operations of $1.943 billion, and adjusted EBITDA of $1.127 billion. In 2025, SpaceX generated revenue on a consolidated basis of $18.674 billion, and a loss from operations of $2.589 billion and adjusted EBITDA of $6.584 billion.

Pras Subramanian | Yahoo Finance

The online marketplace eBay on Tuesday rejected a proposal by GameStop to combine the two companies in a cash-and-stock deal worth about $55 billion, calling it “neither credible nor attractive.”

GameStop announced its proposal last week to combine with eBay, a company nearly four times its size. The offer has confounded much of Wall Street, in part over questions about how the company would afford it. GameStop’s chief executive, Ryan Cohen, initially declined to elaborate on how he would finance the deal and much of Wall Street remains skeptical about the mechanics of a deal.

Lauren Hirsch | The New York Times

The Consumer Price Index rose 3.8% in April, compared with expectations for a rise of 3.7%, and up from 3.3% in March. Energy prices accounted for 40% of the increase, while shelter and food also surged.

Jennifer Schonberger | Yahoo Finance

Senators immediately began voting to limit debate on Warsh’s nomination as chair, setting the stage for that key confirmation vote on Wednesday, just two days before current Fed Chair Jerome Powell’s term expires.

Jennifer Schonberger | Yahoo Finance

But Warsh has a lot to prove on the Fed independence front, he added.

“I think what the market is waiting to see is this: When pressure comes for Kevin Warsh to lower interest rates from the president, will he say, ‘Look, we just can’t do it right now,’ or will he say, ‘Well, that’s what you want to do, we’ll do it,’” Rubenstein told Yahoo Finance at the Milken Institute Global Conference.

Brian Sozzi | Yahoo Finance

“Wall Street does indeed mistake debt for creativity, and does so constantly,” Burry wrote in a Substack post on Monday. “I of all people should have known.” He said that he sold his entire GME position.

Ines Ferré | Yahoo Finance

In a new note, JPMorgan strategist Samik Chatterjee offered some fresh estimates on accelerating AI infrastructure spending.

Brian Sozzi | Yahoo Finance