US-Iran Airstrikes Rattle Global Markets and Send Oil Prices Surging
A Fragile Peace Shattered Over the Strait of Hormuz Just when global energy markets had begun to breathe a sigh of relief, the U.S.-Iran conflict roared back to life. Oil prices had recently slipped back to the levels seen before the war with Iran began,…
Oil Prices Could Spike to $90 as Hormuz Crisis Leaves World Dangerously Undersupplied
Global oil supplies are under growing pressure as stockpiles continue to shrink and demand is expected to climb. The situation puts the Trump administration in a difficult position regarding the strategically critical Strait of Hormuz, through which a significant portion of the world’s oil flows, with limited time to prevent a potential energy crisis.
Aldi’s $9 Billion Bet on America Is Reshaping Where You Buy Groceries
A Discount Giant Plants Its Flag in Manhattan A jar of almond butter for under $4 might not sound revolutionary — until you consider where it’s being sold. On June 19, Aldi opened its first-ever Midtown Manhattan location, a 25,000-square-foot discount store at 311 West…
Every American Child Can Now Start Building Wealth From Birth
A New Kind of Nest Egg Trump Accounts, the president’s new foray into free cash for American children, officially launched on July 4th — the nation’s 250th birthday. The accounts are designed to help families grow savings for children from the time they’re born, capitalizing…
Oregon Backs Down From Effort to Delay Massive Paramount-Warner Bros Merger
A Last-Minute Legal Skirmish Ends Without a Winner Oregon Attorney General Dan Rayfield withdrew the state’s records request and motion to delay the closing of the $110 billion Paramount-Warner Bros. Discovery merger, according to a filing with the Multnomah County Court on Friday, July 11….
Chips, SoftBank, and a Historic IPO Drive Global Markets Higher This Week
A Chip-Fueled Rally Sweeps From Wall Street to Tokyo It was a week that belonged to the semiconductor sector. On Thursday, July 10, U.S. stocks closed broadly higher as chipmakers surged and oil prices eased, setting the stage for a strong finish to the trading…
id Software Is Battered But Not Broken After Microsoft’s Brutal Xbox Layoffs
A Brutal Week for the DOOM Studio Of all the layoffs that came down on Xbox Game Studios this week as part of Microsoft and Xbox’s 3,200 “reset” cuts and four studio divestments, the ones that hit DOOM developer id Software were the most shocking…
Trump-Backed Freedom Fuel Stations Offer Cheap Gas But Raise Big Questions
Cheap Gas With a Side of Mystery President Donald Trump earlier this month praised a “very smart retailer” called the Freedom Fuel Network in the Philadelphia area for voluntarily lowering the price of gas to $3.47 a gallon, undercutting the state average by about 50…
Markets Wobble as US-Iran Ceasefire Collapses Into Fresh Strikes
A Fragile Peace Unravels A ceasefire that once seemed to be inching toward a permanent deal has shattered. On July 8, President Donald Trump declared the Memorandum of Understanding with Tehran effectively over, and the United States has since launched waves of airstrikes against Iran…
Oil Prices Spike as US Strikes Iran and Ceasefire Appears to Collapse
A Fragile Peace Shattered A ceasefire that had briefly calmed one of the world’s most critical oil corridors is now in serious jeopardy — and global energy markets are feeling it immediately. Oil prices surged on Wednesday after President Donald Trump threatened to bomb Iran…
