Business & Markets — October 23, 2026

Volvo Cars shares fall 27%. The automaker cut jobs after its CEO said deteriorating conditions in China and the U.S. arrived "faster than we thought," pressuring free cash flow.

CNBC Top News · Read more →

Trump invokes Defense Production Act. President Trump committed $150 million Friday to increase domestic gas and diesel output as jet fuel prices near record highs drive up holiday airfares.

The Hill · Read more →