Business

Gas Prices as a Political Force: How $3.90 a Gallon Is Reshaping EV Attitudes Across Parties

In most political contexts, electric vehicles have become a polarizing topic — embraced by progressives as a climate solution, resisted by conservatives as government overreach. The Iran conflict and its impact on gasoline prices may be disrupting that political polarization in ways that could prove significant for the long-term trajectory of US EV adoption. At $3.90 per gallon — the highest national gas average in...

US Oil Prices Reflect Deep Market Anxiety as Iran War Enters Third Week

  Deep market anxiety is reflected in US oil prices as the Iran war enters its third week, with analysts projecting further gains on Monday. Petroleum analyst Patrick De Haan has forecast pump prices of $3.80 to $3.85 per gallon, while noting that $4 gasoline could still materialize. The unresolved conflict has made energy market participants deeply uncertain about the near-term supply and price outlook. The...

Scunthorpe’s EAF Switch: A “Carbon-Heavy” Past vs. A “Precarious” Future

The government's plan for British Steel forces a choice between a "carbon-heavy" past and a precarious new future. Business Secretary Peter Kyle has backed...

Political Storms Rage as Atlanta Fed President Bostic Retires

As political storms rage over the Federal Reserve’s independence, Atlanta Fed President Raphael W. Bostic has announced his retirement. Bostic will step down in...

Market Jitters After SoftBank’s Nvidia Exit: Is the AI Sector Overheated?

The technology market experienced immediate turbulence following SoftBank’s blockbuster announcement: the sale of its $5.8 billion position in Nvidia. This strategic divestment, intended to...

Commerce Dept. Weighs 700 New Tariffs After US Industry Pleas

The US Department of Commerce is weighing whether to impose new tariffs on approximately 700 product lines, following a second wave of requests from...

Apple’s ‘Glenwood’ Project Taps Google as ‘Interim’ AI Supplier

Apple's internal "Glenwood" project, tasked with fixing Siri, has led to a $1 billion-a-year deal with its biggest rival: Google. Google's 1.2 trillion parameter...

Tesla’s $1T Musk Payout Faces “No” Vote from World’s Largest Wealth Fund

The world's largest wealth fund is voting "no" on Elon Musk's $1 trillion pay package. Norway's sovereign wealth fund, a $17 billion Tesla investor,...

US Allies Squeeze Moscow’s War Chest by Targeting China Sales

The US and its allies are successfully squeezing Moscow's war chest by targeting its oil sales in China. New sanctions have triggered a "buyers'...

Unprecedented: Nvidia’s $1T Growth in Three Months

In an unprecedented show of market force, Nvidia has added $1 trillion to its valuation in just three months. This explosive growth culminated on...

Elon Musk Argues Proxy Advisors Don’t Represent Tesla Shareholder Interests

Elon Musk used Tesla's earnings call to argue that proxy advisory firms don't represent the true interests of Tesla shareholders regarding his trillion-dollar compensation...

Trump accuses Canada of ‘cheating’ with Reagan ad, ends talks

President Trump has ended all trade talks with Canada, accusing the country of "cheating" with a "fake" ad featuring Ronald Reagan . "Canada cheated and...

GM Lifts Annual Forecast as Trade Environment Improves

An improving trade environment is enabling General Motors to lift its annual forecast. The automaker now expects adjusted core profits ranging from $12 billion...

Credit Jitters Send Stocks Reeling, Gold to All-Time High

Credit jitters sent stocks reeling across the globe and propelled gold to a new all-time high of $4,378 an ounce. The market anxiety was...