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Jason MaFortune |
Prices at the pump are likely to top $4 a gallon now that oil has surged past $100 a barrel for the first time since 2022.
"When these costs rise without a simultaneous increase in public funding to fill the gap, programs are faced with difficult decisions."
"The fear? That this will result in skyrocketing energy prices that send the world economy plummeting into a deep recession."
Most ships in the U.S. Navy's fleet are in port or in maintenance and training, with less than a fifth of the force at sea for operations, according...
"I'm not biased," Michael said. "I just I want all of them. I want to give them all the same exact terms because I need redundancy."
Last month, Block announced a 40% cut to its headcount, or about 4,000 jobs, and cited AI models as a top reason.
"We are hiring now to replace these workers or get more reliable alternatives, but there are not any people to hire."
About 20 million barrels of oil a day flow through the Strait of Hormuz, or the equivalent of 20% of global petroleum liquids consumption.
That empire includes core industrial sectors like oil and transportation as well as banking, telecommunications, agriculture, medicine, and real...
"There is, however, a risk that the OPEC decision is moot if flows do not resume through the Strait of Hormuz."
"These low-cost drones, modeled after Iran's Shahed drones, are now delivering American-made retribution."
The area's success at attracting capital from around the world over the years and diversifying away from oil could also make it a threat to global...
Hundreds of tankers carrying oil and liquid natural gas have dropped anchor or remain stationary near the Strait of Hormuz.
"We will no longer invest in institutions that fail to sharpen our leaders' warfighting capabilities or that undermine the very values they are sworn...
Axios reported that Khamenei was killed in an Israeli strike, with an official saying his body was recovered from his destroyed compound.
"I believe we have to defend our country from autocratic adversaries like China and like Russia."
Iran could close the Strait of Hormuz or conduct terrorist attacks against Americans in the region and elsewhere, said retired Admiral James...
"Acts of war unauthorized by Congress," said Rep. Thomas Massie, R-Ky.
Trump added that if Anthropic doesn't obey, he will use "the Full Power of the Presidency to make them comply."
"The government cannot tell courts that refunds are simple and inevitable when seeking relief—and then imply they are complex and distant when the...
"We cut a record number of job-killing regulations, and in one year we have lifted 2.4 million Americans, a record, off of food stamps."
“This will allow us to build the ‘Dream Military’ that we have long been entitled to and, more importantly, that will keep us SAFE and SECURE,...
"Something in our economic narrative is broken."
"The body is metabolizing its own muscle tissue for energy," Prokopenko said.
“Most parents could tell you that child care costs are astronomical these days and can cause a major financial burden, even for high-income families."
"I'm not going to get out ahead of the court. We will follow the court's direction. But as I said that could be weeks or months away.
"It also means some of America’s biggest trading partners, like the EU and Japan, will find themselves exactly back where they were last week."
"This is significant at a time that the president seeks to head into midterm elections with a head full of steam."
"It really wasn't so much the economic end of it. I just didn't want to see these two farms destroyed.”
"A balance of payments deficit is not the same thing as a trade deficit."
"I'm ashamed of certain members of the court, absolutely ashamed for not having the courage to do what's right for our country," Trump told reporters.
In the fourth quarter of 2025 alone, tech companies issued a record $108.7 billion in bonds, according to Moody's Analytics, capping a full-year total...
"Inflation may not wait for debt to pile up. It can arrive the moment Congress commits to that debt-ridden path."
"We are transitioning from an era of AI experimentation to one of structural utility."
"Without NATO and its major allies, the U.S. would struggle to maintain its globally dominant role."
"Maybe there is a J‑curve effect for AI, where it takes time for AI to show up in the macro data. Maybe not."
"If I'm just off by a year in that rate of growth, or if the growth rate is 5x a year instead of 10x a year, then you go bankrupt."
CRFB warned the actual fiscal outlook could be far worse than even the latest sobering projections.
The economy will grow because of higher productivity, aided in part by AI, says Michael Pearce of Oxford Economics. But people aren't core to that...
JPMorgan Global Research sees prices falling quickest on the West Coast and in the Sun Belt.
The Dow soared by 1,200 points on Friday to top 50,000 for the first time as chipmakers and airlines fueled a ferocious stock market rebound
"Everybody thinks it's always about product. But as early as we invest, most of the time it's about people, and what you're betting on are the...
"Russia has to continue the war because this war is too big for Putin to fail."
Rather than a lack of supply, housing affordability "may primarily be about differences in income growth at the top of the distribution relative to...
"We just need enough time to build the AI and robots to not go bankrupt before then."
The Associated Builders and Contractors said the industry will need to bring in 456,000 new workers in 2027, up 30.7% from the 349,000 needed this...
"The things that make us human will become much more important instead of much less important."
Musk said getting all that AI and solar capacity in space will require about 10,000 launches a year—or a launch in less than an hour every day.
"We will invest a great deal of money," Jensen Huang said, while clarifying that Nvidia's potential $100 billion investment was "never a commitment."
"Just the very early stages of the singularity," Musk posted on X on Saturday.
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