Business

Military Action Abroad Is Driving Car Shopping Decisions at Home

The ripple effects of military conflict in Iran are reaching American car dealerships. Gasoline prices have climbed to $3.90 per gallon — their highest level in nearly three years — following the disruption of oil markets caused by US and Israeli military operations and Iran's subsequent closure of the Strait of Hormuz. The result is a 20 percent increase in online searches for electric...

US Oil Prices Stubbornly High as Iran War Squeezes Global Energy Markets

US oil prices remain stubbornly high as the Iran war squeezes global energy markets and enters its third week with no resolution in sight. Analyst Patrick De Haan has forecast Monday pump prices of $3.80 to $3.85 per gallon, while $4 gasoline remains a near-term possibility. Three weeks of sustained military conflict have created a supply shortage that is directly translating into higher costs...

The End of a Chapter: Musk’s Disappointing Departure from DC

The end of a chapter arrived for Elon Musk in Washington D.C., marked by a disappointing departure from his 138-day tenure as a "special...

Trump’s Tariff Gambit: 50% on Steel, But Japan Deal’s True Nature Elusive

In a significant policy announcement on Friday, Donald Trump revealed a doubling of foreign tariffs on steel imports to 50%, while also celebrating a...

Geopolitical Storm Brewing: Nvidia Abandons $15B in Chinese AI Deals

Nvidia Corporation is confronting one of its most significant challenges as geopolitical tensions between the United States and China reach new heights. The company...

HBO Returns: Why Warner Bros. Is Putting the “HBO” Back in HBO Max

In a bold move signaling a return to its roots, Warner Bros. Discovery has announced that its streaming platform will once again be known...

Bentley Slams Tariff Uncertainty as UK-US Trade Deal Stalls Luxury Car Sales

Bentley has warned that uncertainty over the UK-US trade agreement is severely damaging its business, with US-bound car sales effectively frozen. Customers are holding...

Trump Eases Auto Tariffs to Spur U.S. Manufacturing and Job Growth

President Donald Trump is easing some auto-related tariffs in a strategic shift aimed at boosting domestic manufacturing and preserving jobs. The move comes amid...

India Ramps Up Russian ESPO Oil Imports as Chinese Demand Wanes

 India has sharply increased its imports of Russia’s ESPO Blend crude in April, capitalizing on reduced Chinese demand and favorable pricing. Supplies to Indian...

Markets Slide as Trump Slams Fed Chair Powell, Demands Immediate Rate Cuts

U.S. stock markets tumbled Monday as former President Donald Trump intensified his public attacks on Federal Reserve Chair Jerome Powell, calling him “a major...

Boomerang Economics: How U.S. Tariffs Are Hurting Allies Like Australia—and Itself

SYDNEY, April 13 (Xinhua) – U.S. tariff policies, much like the traditional Australian boomerang, are swinging back with unintended force—striking not just global trading...

Trump’s Tariffs Sour Italian Wine Industry as Vinitaly 2025 Opens Under a Cloud of Uncertainty

What should have been a jubilant celebration of Italy’s finest wines turned somber as the 57th edition of Vinitaly, the country’s premier international wine...

Goldman Sachs to cut about 3,200 jobs after cost review

According to reports from undisclosed sources, Goldman Sachs Group is set to commence a significant round of layoffs across the company this week in...

After mass layoffs, CEO Sundar Pichai to take salary cut

During a recent town hall meeting, Alphabet CEO Sundar Pichai revealed plans for a significant reduction in annual bonuses for all positions above the...