Matt Egan
- Editorial Director, Foundry
- Host, First Person, with Matt Egan
Editorial Director @FoundryIDG. Make Tech Real. Marching On Together. @mattegan.bsky.social
Articles by Matt Egan
Consumers across party lines are fed up with high gas prices
(CNN) — A gallon of unleaded gas costs 40% more today than it did last year. A gallon of diesel is running nearly 75% higher. As for Americans’ optimism about the economy 11 days before the midterm elections? That’s nearly running on empty. High gas prices and years of persistently elevated inflation continue to drag down US consumer sentiment to historically low levels, new data showed Friday.
The Iran war is costing American households $2,000 each, Moody’s estimates
David Rotundo of Blue Mountain Lake fills his pickup truck with gasoline on October 6, in Rotterdam, New York. (Photo: Lori Van Buren/Albany Times Union/Getty Images via CNN Newsource) By Matt Egan, CNN New York (CNN) — The deeply unpopular war in the Middle East continues to deliver economic shockwaves through Main Street America.
Trump says Ukraine should get a new leader as he spars with Zelensky over US-Russia diesel deal
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President Donald Trump on Saturday criticized Volodymyr Zelensky as the two sparred over a new US-Russia diesel deal, saying he would "suggest" Ukraine get a new leader. "You know what I suggest? I suggest they get a new leader who can make a deal because he could have made many deals and for some reason, he never does," Trump told reporters at the White House.
By Kevin Liptak Verified, David Goldman Verified, Matt Egan, Ivana Kottasová, Jennifer Hansler Verified
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Yahoo Malaysia
Trump deal for Russian diesel sparks anger in Ukraine, doubts among analysts
President Donald Trump said on Friday he secured an agreement from Russian President Vladimir Putin to supply markets with Russian diesel fuel as he works to bring down energy costs ahead of the midterm elections. Energy industry analysts, however, say the agreement — which sparked anger in Ukraine — isn't likely to lower diesel prices in any meaningful way.
Un huracán de gran magnitud podría paralizar las refinerías de EE.UU. justo cuando el mundo no puede permitírselo
El sistema energético mundial ya está al límite. La llegada de un huracán hacia el centro neurálgico de la refinación estadounidense es lo último que se necesita. Las refinerías de EE.UU., ubicadas mayoritariamente a lo largo de la costa del Golfo, operan a máxima capacidad para compensar las interrupciones en el extranjero derivadas de conflictos bélicos. Ya se ha recurrido a las reservas de combustible que actúan como amortiguadores ante imprevistos.
Trump signs executive order aimed at lowering diesel prices
A person pumps diesel fuel into his tractor-trailer at a truck stop on September 11 in Miami. (CNN) — President Donald Trump signed an executive order late Monday aimed at bringing down near-record diesel prices by waiving restrictions on cheaper red-dyed diesel.
Trump firma un decreto para reducir los precios del diésel
El presidente Donald Trump firmó un decreto a última hora de este lunes con el objetivo de reducir los precios del diésel, que se encuentran cerca de niveles récord, mediante la eliminación de restricciones sobre el diésel rojo, que es más barato. Durante un acto de campaña en Nebraska —estado duramente afectado por el fuerte aumento de los precios del diésel—, Trump afirmó que el decreto permitirá a "cualquier persona comprar diésel rojo, libre de impuestos, para cualquier fin".
Powell did not break the law with expensive Fed renovations that incensed Trump, report finds
An inspector general review of the Federal Reserve's headquarters renovation found no sign that then-Chair Jerome Powell broke the law or committed misconduct in his management of the costly project, even as it sharply criticized him and the central bank's board for allowing the price tag to balloon beyond $2 billion.
Trump floats diesel export ban despite past attacks on Biden energy policy
In January 2024, then-presidential candidate Donald Trump blasted the Biden administration for freezing approvals for new plants to export US liquefied natural gas.
Report faults Fed staff for epic failure of Silicon Valley Bank
(CNN) — Staffers at the Federal Reserve knew or should have known about the severe trouble mounting at Silicon Valley Bank, but failed to act before the lender’s implosion set off a mini-banking crisis in 2023, according to an independent review revealed on Friday.
Diesel costs more than $6 a gallon for the first time. Here’s how that affects you
The price of diesel, the workhorse fuel that powers the world economy, topped $6 a gallon on Friday for the first time ever. The price point may be invisible to most American drivers, but will likely lead to higher costs for most things consumers buy. The national average is $6.06 a gallon, according to the latest reading from AAA, up 21 cents in just the last week. Last Friday, prices first broke the previous record of $5.82 a gallon set in June 2022 after Russia invaded Ukraine.
Young Americans have higher credit scores today than before Covid
(CNN) — Kelly Klein graduated from college with $100,000 in student loans that she feared would haunt her forever. “I expected I’d never pay off my student debt,” said Klein, who is 31 years old. But flash forward 10 years and Klein is nowdebt-free, her retirement account is flush and her credit score is pristine. “Every commission check I earned for the first six years went to paying off my debt.
Red lights are flashing in energy markets
Oil prices are once again uncomfortably high, but the bigger problem is lurking just beneath the surface. What initially began as an oil supply shock caused by the Strait of Hormuz blockage is morphing into a fuel supply crisis. Refineries face a perfect combination of war and export restrictions, which is limiting how much crude oil they can turn into the gasoline, jet fuel and diesel that powers the global economy.
Buss family clashes over report of Lakers sale
Buss family clashes over report of Lakers sale Jeanie Buss during the statue unveiling for former Lakers coach Pat Riley in Los Angeles on February 22. - Keith Birmingham/MediaNews Group/Pasadena Star-News/Getty Images/File Family drama is swirling around the sale of the Los Angeles Lakers.
LA Lakers sell for a record $12.5 billion to ex-Disney CEO Iger and Jared Kushner’s brother Josh
In a stunning twist, former Disney CEO Bob Iger and venture capitalist Josh Kushner are buying one of the greatest trophy assets in US sports: The Los Angeles Lakers. Iger and Kushner, the brother of President Donald Trump's son-in-law Jared Kushner, are shelling out a record-breaking $12.5 billion for the basketball team, a person familiar with the matter told CNN. The sale comes less than a year after the NBA approved billionaire Mark Walter as the storied franchise's majority owner.
LA Lakers sell for a record $12.5 billion to ex-Disney CEO Iger and Jared Kushner’s brother Josh
In a stunning twist, former Disney CEO Bob Iger and venture capitalist Josh Kushner are buying one of the greatest trophy assets in US sports: The Los Angeles Lakers. Iger and Kushner, the brother of President Donald Trump's son-in-law Jared Kushner, are shelling out a record-breaking $12.5 billion for the basketball team, a person familiar with the matter told CNN. The sale comes less than a year after the NBA approved billionaire Mark Walter as the storied franchise's majority owner.
Trump Media says Wall Street firms are paying up to $100K for early access to Trump posts
Wall Street has begun to embrace Trump Media and Technology Group’s newest product: instant access to President Donald Trump’s Truth Social posts. Truth Social owner Trump Media, in its first-ever earnings call with analysts Monday evening, said it has signed more than 10 customer agreements, mostly with high-frequency trading companies.
Godfather of AI: Brace for more rogue AIs
(CNN) — The smarter artificial intelligence gets, the harder it will be for humanity to control it, according to Geoffrey Hinton, the Nobel Prize-winning computer scientist known as the “godfather of AI.” Even Hinton was alarmed by the sophisticated AI agents that recently caused real-world damage after escaping their human-built testing environments.
Elizabeth Warren demands SEC investigate if Trump’s memecoin is an ‘illegal scam’
Date: August 4, 2026Author: hiyas214 0 Comments Sen. Elizabeth Warren By Matt Egan/ CNN Days before his inauguration in 2025, president-elect Donald Trump did something unusual: He launched a memecoin. That memecoin briefly exploded in value– and then crashed in an epic selloff that left nearly a million investors facing losses. Now, a pair of Senate Democrats are demanding Trump’s top Wall Street cop investigate the mess. Democratic Sens.
Exxon made $160 million per day last quarter as oil prices surged
(CNN) — Big Oil is minting money. ExxonMobil and Chevron, the two biggest US oil companies, reported gangbusters profits on Friday driven by the spike in global oil prices unleashed by the US-Iran war. Exxon raked in $14.5 billion in profit during the second quarter, more than doubling its year-earlier earnings and its highest haul since 2022 during the onset of the Russia-Ukraine war. Broken down, Exxon made about $160 million per day last quarter.
Alex Padilla U.S. Senator for California
By Matt Egan A pair of Senate Democrats is calling for the Trump administration to abandon efforts to build a West Coast emergency oil reserve. In a letter dated Wednesday to Energy Secretary Chris Wright, Sens. Alex Padilla and Patty Murray warn that establishing a West Coast Strategic Petroleum Reserve this fiscal year would flout the law and usurp congressional authority.
Exclusive: Ex-Trump official: US-Iran framework is ‘enormously helpful’ to Iran
Matt Egan, CNN Fri 19 June 2026 at 8:00 am UTC 4 min read Add Yahoo as a preferred source to see more of our stories on Google. Dan Brouillette during an interview in Munich, Germany, on February 16, 2018. - Sven Hoppe/picture alliance/Getty Images The diplomatic breakthrough between Washington and Tehran is a potential gamechanger for Iran’s war-battered economy, former Trump energy secretary Dan Brouillette told CNN in an exclusive interview.
Exclusive: West Coast emergency oil reserve sparks pushback from Senate Democrats
Matt Egan, CNN Wed 17 June 2026 at 9:00 am UTC 5 min read Add Yahoo as a preferred source to see more of our stories on Google. The US Capitol Building on June 8, 2026. Two Senate Democrats wrote in a letter that a West Coast emergency oil reserve would usurp congressional authority. - Kevin Carter/Getty Images A pair of Senate Democrats are calling for the Trump administration to abandon efforts to build a West Coast emergency oil reserve.
US emergency oil stockpile tumbles to lowest since the Reagan administration
In an aerial view, the Strategic Petroleum Reserve storage is pictured at the Bryan Mound in Freeport, Texas. (CNN) — The amount of oil in the US Strategic Petroleum Reserve plunged last week to the lowest level since 1983 as the Trump administration continues to deploy emergency oil to minimize the damage from the war with Iran. According to federal data released Monday, US officials released another 8.9 million barrels from the SPR last week alone.
The Strait of Hormuz is ‘leaking’ oil
Matt Egan, CNN Tue, June 9, 2026 at 4:00 AM EDT 4 min read One of the biggest mysteries of the global economy is why the oil market has remained so calm during one of the greatest supply shocks in history. The Strait of Hormuz has been paralyzed by three months of war — a nightmare scenario that few thought was possible before the war with Iran started. Visible traffic through the Strait of Hormuz remains sparse, estimated at just 15% of pre-war levels, according to JPMorgan.
NBA Finals: Would you pay $4,000 – for a nosebleed seat?
Tickets to the NBA Finals in New York are so hot that fans are spending thousands of dollars – even for nosebleed seats. The cheapest tickets to the New York Knicks home games at Madison Square Garden are selling for nearly $4,000 each, according to secondary marketplace TickPick. That’s roughly five times the “get-in” price to sit in the cheapest seats at the home of the San Antonio Spurs when the same two teams face off Wednesday night.
US-Iran talks are heating up again. But the danger isn’t over for gas prices
(CNN) — Markets are breathing a sigh of relief that the shaky US-Iran ceasefire survived the long weekend and progress is being made on a potential deal to end the war. US stocks are flirting with all-time highs and oil futures have backed away from $100 a barrel. And yet it’s too early to sound the all-clear in this history-making energy crisis. Some analysts warn $5 gas is still a real danger this summer. First, mere talk of a vague deal on social media is not nearly enough for investors.
Memorial Day weekend could be costly and chaotic whether you’re on the road, in the sky or just staying home
Planes line up for takeoff at New York's LaGuardia Airport, where one of the two runways remains closed Friday after a sinkhole was discovered in the pavement. - Shannon Stapleton/Reuters Despite sky-high fuel prices and soaring grocery bills, millions of Americans are sticking to their Memorial Day plans. But it’s not just wallet woes. Travel disruptions and looming severe weather also threaten to derail the unofficial start to summer.
Memorial Day weekend could be costly and chaotic whether you’re on the road, in the sky or just staying home
Holly Yan, Matt Egan, CNN Fri 22 May 2026 at 8:10 pm UTC 4 min read Add Yahoo as a preferred source to see more of our stories on Google. Planes line up for takeoff at New York's LaGuardia Airport, where one of the two runways remains closed Friday after a sinkhole was discovered in the pavement. - Shannon Stapleton/Reuters Despite sky-high fuel prices and soaring grocery bills, millions of Americans are sticking to their Memorial Day plans. But it’s not just wallet woes.
Memorial Day sticker shock: Gas prices near all-time highs
Gas prices at a Mobil gas station on May 11, 2026, in Pasadena, California. - Mario Tama/Getty Images Tens of millions of Americans hitting the road this Memorial Day weekend will face historically high gas prices. The war with Iran has destabilized the global energy system, pushing up pump prices across the country despite emergency steps from the Trump administration designed to limit the damage.
La industria automotriz se prepara para la escasez de aceite de motor
Los precios mayoristas del aceite para motores se disparan, mientras ejecutivos del sector alertan sobre una posible escasez por la guerra con Irán. Foto: Getty. (SimpleImages via Getty Images) Los precios mayoristas del aceite para motores están subiendo rápidamente, y algunos ejecutivos del sector advierten de una escasez inminente provocada por la guerra con Irán.
‘We’re looking at shortages.’ The Iran war has caused a motor oil supply crunch
Traffic moves along Highway 101 in Los Angeles on March 26, 2026. - Justin Sullivan/Getty Images Wholesale motor oil prices are rising rapidly, and some industry executives are warning of imminent shortages caused by the war with Iran. Damage to key facilities in the Middle East and the shutdown of the Strait of Hormuz have combined to create a perfect storm in this tiny but critical corner of the oil market.
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