Gas prices are sky high and Bank of America warns $120-a-barrel oil is on the way
CNN
Everyday Americans are getting hammered by high prices at the pump, and Bank of America thinks the pain may just be getting started.
Gas prices have surged to a seven-year high of $3.40 a gallon nationally and are flirting with $4 in Nevada, Washington State and Oregon.
Bank of America is now predicting that Brent crude oil, which drives gas prices, will zoom to $120 a barrel by June 2022. That's 45% higher than current levels.
The food pyramid is getting turned upside down, with protein and dairy gaining more prominence in the suggested American diet. Sugar and processed foods are getting shunned even more with warning labels.
On Friday at 8:30 a.m. ET, the Bureau of Labor Statistics will release the latest snapshot on the health of the US labor market – and economists’ estimates vary wildly over what we should expect for the final jobs report of 2025.
President Donald Trump is set to meet with Big Oil executives Friday as part of a weeklong charm offensive to persuade America’s largest energy companies to return to Venezuela.
General Motors on Thursday said it will take an additional $6 billion hit against its earnings as result of it pulling back on its electric vehicle plans.
Paramount is not raising its bid for Warner Bros. Discovery above $30 per share, at least not yet.
On Friday, the Bureau of Labor Statistics will release the final jobs report for 2025 — and economists’ estimates vary wildly over what we should expect.
HED: Venezuela’s economy will be a mess for whoever runs it next
Elon Musk’s AI chatbot, Grok, has been flooded with sexual images of mainly women, many of them real people, by being prompted by users to “digitally undress” them and sometimes placing them in suggestive poses.
President Donald Trump made two extraordinarily unusual policy statements in rapid succession Wednesday that sent stocks sinking and raised serious questions about the limits of presidential power in a free-market economy.
Character.AI has agreed to settle multiple lawsuits alleging the artificial intelligence chatbot maker contributed to mental health crises and suicides among young people, including a case brought by Florida mother Megan Garcia.
Betting big on memestocks could pay off, at least for GameStop CEO Ryan Cohen. But a potentially huge payout hinges on a massive turnaround for the volatile video game retailer.
President Donald Trump said Wednesday that he intends to ban large institutional investors from buying additional single-family homes.
Finding a job continued to be a slog at the end of the year, new data shows: US businesses sought out fewer workers in November and hiring rates wilted even further.