Business
Amid Iran war, President Trump suggests short-term oil price spike is ‘small price to pay’ for peace
As gas prices surge while the U.S. wages war against Iran, President Donald Trump suggested in a Sunday Truth Social post that the short-term rise is a “small price” for peace. “Short term oil prices, which will drop rapidly when the destruction of the Iran nuclear threat is over, is…
The Food and Drug Administration on Monday announced a recall for clams and raw oysters over concerns that they may be contaminated with norovirus, a contagious infection commonly known as the stomach flu. The recall affects Manila clams harvested by Lummi Indian Business Council that were distributed to restaurants and food…
Meta CEO Mark Zuckerberg and Google co-founder Sergey Brin have closed on sprawling Miami-area estates, underscoring the continued shift of tech wealth from the West Coast to South Florida. “While the neighborhoods they bought in differ, their priorities are identical: safety, security and proximity,” Douglas Elliman’s Chris Wands told Fox…
The federal budget deficit topped $1 trillion in the first five months of fiscal year 2026, as the U.S. government is on pace to record another massive deficit. The nonpartisan Congressional Budget Office (CBO) reported that the federal budget deficit was just over $1 trillion through five months of fiscal year 2026,…
Federal Reserve policymakers are monitoring the conflict with Iran for its potential impact on inflation and consumer prices, as energy prices have jumped since the outbreak of hostilities. Oil prices briefly surged over $100 a barrel amid fears of supply disruptions caused by the conflict with Iran, which threatens to stem…
For those wondering about the state of play for oil prices, gasoline, and stocks, here’s what President Trump said this afternoon: “I think the war is very complete, pretty much. They have no navy, no communications, they’ve got no Air Force.” And that America is “very far” ahead of his…
Ford is recalling nearly 1.74 million vehicles in the U.S. due to software problems that can affect rearview camera displays, according to notices published this week by the National Highway Traffic Safety Administration (NHTSA). One recall covers 849,310 2021–2026 Ford Broncos and 2021–2024 Ford Edges, which may experience overheating in…
The ongoing conflict in the Middle East has sent oil prices soaring and has prompted G7 leaders to consider the potential release of emergency oil reserves to provide relief to consumers facing higher gasoline prices. Gas prices have risen in response to the rapid increase in oil prices, with the national…
The IRS and Treasury Department on Friday put forward new proposed rules and processes that cover the implementation of Trump Accounts for parents and guardians who want to use the savings accounts for their children. Trump Accounts were created under the One Big Beautiful Bill Act that was enacted last year…
GE Aerospace is pouring $1 billion into its U.S. manufacturing footprint as the company races to meet what CEO Larry Culp calls “tremendous demand,” with nearly $200 billion in backlog and engine orders accelerating across commercial aviation and defense. “People are flying, airlines [are] looking to expand and modernize, as…














