Gas prices hit the $4 per gallon mark on Tuesday—a “psychological wall” that will have many Americans rethinking summer travel.

That’s according to Patrick De Haan, GasBuddy’s head of petroleum analysis, who told Forbes the Trump Administration has “two to three weeks” before travelers change plans based on costs. “We’re going to start seeing an economic impact that lasts into the start of the summer, and that’s hard to get back.”

The U.S. economy is on tenuous footing, and a recent survey found 45% of Americans are “extremely” or “very” worried about being able to afford gas in the next few months.

This is a published version of the Forbes Daily newsletter, you can sign-up to get Forbes Daily in your inbox here.

OpenAI raised $122 billion in its latest funding round, the artificial intelligence giant announced Tuesday, bringing its post-money valuation to $852 billion. OpenAI is raking in $2 billion every month, the company said, but it’s not yet profitable despite its strong revenue numbers.

Major stock indexes had their best day of trading since May 2025 as President Donald Trump signaled in an interview with the New York Post on Tuesday that U.S. military forces will not need to be in Iran “much longer.” The S&P 500 gained 2.9%, the Nasdaq climbed 3.8% and the Dow Jones Industrial Average advanced 2.5%, though all three have fallen at least 5% in the last month.

Increased optimism about the job market led the consumer confidence index to an unexpected jump in March, the Conference Board reported. Still, consumers’ long-term expectations declined, driven by concerns about inflation and the Iran war.

Oracle slashed thousands of positions, reportedly citing “current business needs” as the firm plans to accelerate its AI spending this year. Shares of Oracle rose 6% Tuesday. TD Cowen analysts had previously indicated that the tech........

© Forbes