Oil prices surged Friday after the Israeli Defense Forces (IDF) launched a sweeping strike on Iran’s nuclear facilities and military leaders. U.S. West Texas Intermediate prices climbed around 6% on Friday to $72 a barrel as the strikes raised concerns on Wall Street that escalating tensions between Israel and Iran could disrupt Iranian energy […] ...
Tag: economy
Airlines divert flights over 4 countries after Israel strikes IranAirlines divert flights over 4 countries after Israel strikes Iran
Airlines are diverting flights away from the airspace of multiple Middle Eastern countries on Friday following Israel’s surprise airstrikes on Iran. Tracking data from the website Flightradar24 shows that carriers are avoiding flying over Israel, Jordan, Iraq and Iran, which all have closed their airspaces, reports say. “The purpose of the closure is to prevent […] ...
Major fast-food giants unveil secret weapons in summer menu battleMajor fast-food giants unveil secret weapons in summer menu battle
Fast-food consumers looking to switch it up have plenty of new menu items to try. Popular chains such as McDonald’s, Chipotle, Burger King, Popeyes and Wendy’s have recently introduced new food, drink and dessert offerings. Chick-fil-A has also brought back a favorite shake and debuted a new seasonal beverage. Meanwhile, Sonic Drive-In has made some […] ...
Sober-curious for the summer? THC-infused beverages are on a highSober-curious for the summer? THC-infused beverages are on a high
This summer, many Americans may be looking for a different kind of buzz to cool off in the summer heat or celebrate under the fireworks. The CEOs behind two of the nation’s most recognizable THC-infused beverage brands claim the sober-curious trend stands strong on its first stepping stone. “The explosion that we’ve seen in growth […] ...
9th Circuit grants temporary stay of order for Trump admin to hand back control of California National Guard9th Circuit grants temporary stay of order for Trump admin to hand back control of California National Guard
A federal judge has ruled that President Donald Trump acted illegally when he seized control of California’s National Guard during ICE-related riots in Los Angeles. U.S. District Judge Charles R. Breyer issued the decision Thursday, siding with Governor Gavin Newsom and ordering Trump to return control of the Guard to the state “forthwith.” “His actions […] ...
Cuomo admits to seeing COVID nursing home death report, says he may have altered itCuomo admits to seeing COVID nursing home death report, says he may have altered it
Ahead of the second New York City mayoral debate, former New York Democrat Gov. Andrew Cuomo admitted that, despite previous testimony to Congress to the contrary, he did see the report detailing the number of COVID nursing home deaths and that he may have altered the report. Speaking with local outlet PIX 11 News on […] ...
Trump reveals the ‘surprising’ moment his friendship with Musk began to unravelTrump reveals the ‘surprising’ moment his friendship with Musk began to unravel
President Donald Trump claimed his relationship with Elon Musk changed after he spoke about his plans to eliminate the electic vehicle mandate. While signing legislation to overturn California’s electric vehicle mandate Thursday, Trump explained to members of the media he was surprised Musk, whom he referred to as a “friend,” didn’t bring up his concerns […] ...
Oracle’s Larry Ellison joins exclusive wealth club after one-day $26B fortune surgeOracle’s Larry Ellison joins exclusive wealth club after one-day $26B fortune surge
Oracle co-founder Larry Ellison added $26 billion to his net worth on Thursday. His already-massive personal fortune reached $243 billion on Thursday thanks to the $26 billion jump, according to Forbes. A rise in shares of Oracle, the tech company that Ellison co-founded 48 years ago, helped lift his net worth to a new level, the outlet […] ...
Auto stocks mixed after Trump signs rollback of California EV mandateAuto stocks mixed after Trump signs rollback of California EV mandate
President Donald Trump on Thursday signed legislation that terminates the state of California’s electric vehicle (EV) mandate. The president signed a law repealing a waiver the Biden administration’s Environmental Protection Agency (EPA) granted California to enforce its own emissions standard that would have required the minimum percentage of zero-emission cars to rise from 35% for the […] ...
Another automaker recalls nearly 200,000 vehicles due to rearview camera issueAnother automaker recalls nearly 200,000 vehicles due to rearview camera issue
Mitsubishi Motors North America is recalling nearly 200,000 Outlander and Outlander plug-in hybrid electric SUVs because of faulty software that could make their rearview cameras malfunction. The automaker said in a National Highway Traffic Safety Administration (NHTSA) recall report that the infotainment system inside over 198,900 Outlanders from model years 2022-2024 and Outlander PHEV SUVs […] ...
Beverage giants target ‘fourth category’ of alcoholic drinks to bring in younger generationBeverage giants target ‘fourth category’ of alcoholic drinks to bring in younger generation
There is an emerging fourth category in the beverage industry that’s becoming a pain point for traditional beer categories, but experts say it’s drumming up excitement among younger legal drinkers. For Boston Beer Co. founder Jim Koch, this category is the area between traditional beer, traditional wine and traditional hard liquor. “There are cool things […] ...
RFK Jr. picks eight for vaccine panel after firing all 17 membersRFK Jr. picks eight for vaccine panel after firing all 17 members
Health and Human Services Secretary Robert F. Kennedy Jr. announced Wednesday that he has selected eight new people to join the national vaccine panel after firing all 17 of its members. In an X post, Kennedy revealed that he “took a major step towards restoring public trust in vaccines” on Monday by reconstituting the Advisory […] ...
Florida-based airline suddenly shuts down, leaving travelers strandedFlorida-based airline suddenly shuts down, leaving travelers stranded
Regional airline Silver Airways announced on Wednesday that it is ceasing operations and warned passengers not to go to the airport. The airline operated flights between Florida, the Bahamas and the Caribbean. “In an attempt to restructure in bankruptcy, Silver entered into a transaction to sell its assets to another airline holding company, who unfortunately […] ...
Amazon AI investment in old coal country a boom for working-class locally and nationally, pols sayAmazon AI investment in old coal country a boom for working-class locally and nationally, pols say
EXCLUSIVE: When Sen. David McCormick was growing up in Bloomsburg – at the edge of Pennsylvania’s anthracite coal region – he never envisioned the area being economically revitalized as a linchpin for the cloud computing and AI industries, he said in a Monday interview. This week, Amazon announced a $20 billion investment in artificial intelligence […] ...
Boeing shares slide after Air India crashBoeing shares slide after Air India crash
Boeing shares fell 5% during premarket trading on Thursday after one of its aircraft operated by Air India crashed shortly after takeoff. The Air India 787-8 Dreamliner aircraft was carrying more than 200 people when it crashed in a civilian area near the Ahmedabad airport. The carrier was headed to Gatwick Airport in the U.K. […] ...
Beach Boys co-founder Brian Wilson dies at 82, leaving behind musical empire worth millionsBeach Boys co-founder Brian Wilson dies at 82, leaving behind musical empire worth millions
Iconic musician Brian Wilson died at 82 years old on Wednesday, leaving behind an extraordinary legacy as one of the last surviving members of The Beach Boys, Three brothers, Brian, Dennis and Carl Wilson, formed the band in Hawthorne, California, in 1961 along with their cousin, Mike Love, and friend Al Jardine. The band eventually […] ...
Costco members in higher-priced tier to get new perkCostco members in higher-priced tier to get new perk
Some Costco members may be setting their alarm clocks early as they will be allowed in stores before others. On Wednesday, the wholesaler announced that executive members will be able to shop earlier than gold star members, starting on June 30. While regular store hours begin at 10 a.m. Sunday through Friday and 9:30 on […] ...
Small real estate investors reach record market share, now dominate 59% of investor purchasesSmall real estate investors reach record market share, now dominate 59% of investor purchases
Small real estate investors increased their foothold in the market last year, according to a new report from Realtor.com. Realtor.com found small investors made 59% of all investor home purchases last year. That figure, the real estate marketplace said, represented the “highest share in the data’s history” for entities that have bought ten or fewer […] ...
Backlash against Target pulling back DEI was driven partly by fake social media accounts: studyBacklash against Target pulling back DEI was driven partly by fake social media accounts: study
The online backlash inflicted against Target after the chain pulled back from their controversial Diversity, Equity and Inclusion (DEI) policies was largely driven by fraudulent accounts, according to a new study published by Israeli cyber-firm Cyabra. Target has been the subject of a boycott and fierce rebukes online, which has caused the company to suffer […] ...
Trump eyes Cabinet member to replace ‘Mr Too Late’ Powell at the Fed: reportTrump eyes Cabinet member to replace ‘Mr Too Late’ Powell at the Fed: report
Federal Reserve Chair Jerome Powell has faced significant criticism from the Trump administration over the central bank’s stance on holding interest rates steady in recent months, and the president is reportedly considering a member of his Cabinet as Powell’s successor. Powell has less than a year remaining in his term as Fed chair, which is due […] ...
Foreign nationals can now join waitlist for Trump’s $5M fast-track to US citizenshipForeign nationals can now join waitlist for Trump’s $5M fast-track to US citizenship
Foreign nationals with an extra $5 million can now register to be notified about when they can sign up to receive a fast pass to U.S. citizenship, also known as the “Trump Card.” President Donald Trump shared information about the program on Truth Social Wednesday night. “FOR FIVE MILLION $DOLLARS, THE TRUMP CARD IS COMING!” […] ...
Major Hollywood studios sue AI company over copyright infringement in landmark moveMajor Hollywood studios sue AI company over copyright infringement in landmark move
Two major Hollywood studios are suing Midjourney, a popular AI image generator, over its use and distribution of intellectual property. Disney and NBCUniversal (NBCU) have teamed up to file a complaint against the AI image company. The complaint, filed in the Central District of California federal court in Los Angeles, cited what it said were […] ...
Embattled DNC vice chair decides not to run after diversity re-vote calledEmbattled DNC vice chair decides not to run after diversity re-vote called
David Hogg, the 25-year-old progressive firebrand, will not compete in the new Democratic National Committee (DNC) vice chair elections that were decided today after a majority of members voted for a new election. After three days of submitting electronic ballots, DNC members voted to uphold the Credentials Committee’s resolution proposed by longtime Democratic Party activist […] ...
JPMorgan CEO Jamie Dimon warns economic conditions may deteriorate soonJPMorgan CEO Jamie Dimon warns economic conditions may deteriorate soon
JPMorgan Chase CEO Jamie Dimon issued a new warning about the U.S. economy, saying that conditions could deteriorate soon and undermine a potential soft landing. “I think there’s a chance real numbers will deteriorate soon,” Dimon said Tuesday at a Morgan Stanley conference. Dimon pushed back on suggestions that economic surveys showing diminished business and consumer […] ...
Grocery chain’s distributor suffers cyberattack, disrupting operationsGrocery chain’s distributor suffers cyberattack, disrupting operations
United Natural Foods Inc., a distributor for Whole Foods and other grocers, disclosed this week that it suffered a cyber incident, causing temporary disruptions in its operations. The company announced the cyber incident on Monday, saying in a Securities and Exchange Commission filing it had detected “unauthorized activity” on certain information technology systems on June […] ...