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High oil prices, big oil profits

Permian Basin oil companies are reporting strong quarterly earnings, as the Iran war keeps prices up and supply restricted. West Texas, formerly in a…

1 month, 2 weeks ago

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Why Trump is helping prop up the Japanese yen

Japan's yen is up against the dollar this morning. Over the weekend, President Donald Trump confirmed that the U.S. Treasury Department bought up yen…

1 month, 3 weeks ago

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What's driving up the cost of buying a house?

The latest news on mortgage rates — crucial for would-be buyers and sellers — is not great. According to Freddie Mac, the average interest on a 30-ye…

1 month, 3 weeks ago

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Opening the curtain of AI business integration

OpenAI released its first ChatGPT model in November of 2022. Since then, companies across the U.S. have worked to integrate AI models into their work…

1 month, 3 weeks ago

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The future of self-driving cars

Amazon’s autonomous vehicle company, Zoox, can now roll out 2,500 of its vehicles annually in the next two years. Are more robotic cars coming, or wi…

1 month, 3 weeks ago

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Trump wants to require NDAs for federal workers

The federal government is proposing a rule allowing its agencies to require that their workers sign non-disclosure agreements. That rule has yet to b…

1 month, 3 weeks ago

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Why food prices are likely to jump more

Inflation data out yesterday showed the pace of price increases slowed a bit in June, but that may be short-lived when it comes to food. Prices for c…

1 month, 3 weeks ago

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Meta and Microsoft report different AI earnings

Meta and Microsoft — as well as other tech titans — have been reporting quarterly earnings, and investors are looking at AI spending with a more skep…

1 month, 3 weeks ago

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Why price-squeezed consumers still shell out for organic

Since 2020, the cost of groceries has risen 26%. But contrary to what you might think, cash-strapped consumers aren’t necessarily staying away from p…

1 month, 3 weeks ago

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Looking under the hood of jobs and inflation numbers

The Federal Open Market Committee decided to hold interest rates steady yesterday. The central bank has a dual mandate from Congress to manage inflat…

1 month, 3 weeks ago

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