Looking out his shop window, across the street, just to the right, Paloma Clothing co-owner Mike Roach sees one of Portland, Oregon’s, most expensive gas stations.
Oil and liquefied natural gas tankers moving through the Strait of Hormuz carry around 20% of the world’s supply. But for countries on the Persian Gulf, the waterway is more than just an energy route – it’s a lifeline for more than 100 million people.
A California jury has largely sided with Twitter shareholders who accused billionaire Elon Musk of defrauding them by intentionally driving down the social media company’s stock ahead of his $44 billion acquisition in 2022.
The war with Iran is disrupting global oil flows, damaging energy infrastructure and raising fears of prolonged conflict. But gold, usually considered a safe haven during periods of economic uncertainty, has slumped.
The White House on Friday released its long-awaited national artificial intelligence legislative framework, a move to prevent states from enacting their own laws and enforce the Trump administration’s light-touch approach to AI regulation.
Oil prices edged lower on Friday after a tumultuous day that saw the international benchmark surge above $119 a barrel as the Middle East conflict deepened energy supply fears.
Eight state attorneys general have filed an antitrust lawsuit to block Nexstar’s pending acquisition of Tegna, which would strengthen the right-leaning Nexstar and shrink the number of station owners in the US.