Energy saved US markets last quarter. Now the sector is losing power
CNN
US markets took a beating on Thursday as big bank earnings delivered disappointing results.
Markets and the economy have endured three turbulent months. The Federal Reserve's rate rise regime and Russia's invasion of Ukraine have slammed investor and borrower sentiment. The financial sector is hurting, too. Analysts expect earnings to fall by more than 22% this year—more than any other sector.
Traffic through the strait, normally the conduit for a fifth of global oil output, has been severely curtailed since the start of the Iran conflict. But Iran itself is shipping oil through the waterway in almost the same volumes as before the war, earning the cash needed to sustain its economy and war effort.
How Anthropic may benefit from its fight with Trump
The price of oil rose to its highest level since July 2022 Sunday evening as the Trump administration suggested the war with Iran could last several more weeks and President Donald Trump called on the international community for help reopening the Strait of Hormuz to oil tankers.
When Melanie Galeaz posted a fan edit of “Heated Rivalry,” she didn’t know it would lead to her dream job.
The worst global oil crisis in decades could become a major problem for the Federal Reserve, whose policymakers meet this week to determine the next moves for the US economy.
President Donald Trump’s attack dog atop the FCC, Brendan Carr, garnered lots of attention on Saturday for threatening the licenses of local broadcasters over news coverage he deemed to be “fake.”
The first of the month can create anxiety for millions of renters across America.
US economic growth was even weaker than previously reported at the end of last year heading into President Donald Trump’s war with Iran.
Part of the pitch for using AI at work goes like this: It’s like having a team of people to delegate your grunt work to, freeing you up to think strategically and maybe, just maybe, take a long lunch or head home early. Or maybe even be more productive, to make more money. It’s a nice idea!
The war with Iran is complex, but the reason why the Middle East conflict matters to your financial well-being comes down to three simple facts.
The efforts to mitigate an global oil shortage did little to dampen the rise in crude prices
Buzzfeed, the digital media company that took the mid-2010s by storm, said on Thursday it has “substantial doubt” about its ability to continue as a business.
A bipartisan group of senators passed a bill Thursday aimed at improving housing affordability.