Crude exports from the Strait of Hormuz have largely returned to levels seen before the outbreak of war with Iran, as oil producers and the shipping industry have found alternative ways to transport crucial fuel out of the Middle East. Pipeline exports and ship-to-ship transfers are among the methods being used, according to analysts monitoring … Read more
U.S. stocks began the new month moving lower as investors kept their eyes on the bond market tumult even as upbeat earnings from Micron (MU) fueled tech momentum. The Dow Jones Industrial Average (^DJI) fell 0.4%, and the tech-heavy S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) fell 0.3% and 0.2%, paring gains from the previous … Read more
Eggs are given out for free in front of Brown Butter Craft Bar & Kitchen in New York City on March 21, 2025. The cost of a dozen eggs hit a record high of $6.23 that month. Michael M. Santiago/Getty Images hide caption toggle caption Michael M. Santiago/Getty Images President Trump has repeatedly boasted about … Read more
U.S. Treasury yields hit their highest level in more than two decades on Thursday as the global bond sell-off deepened. The 10-year Treasury yield surpassed a level last seen in April 2002, rising 4 basis points to 5.3338%, according to LSEG data. The figure is key to rates on home loans, auto loans and credit … Read more
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Governor Gavin Newsom signed legislation to make it easier for Californians to install plug-in solar panels. Models that meet state standards are expected to go on sale in mid-2027. September 30, 2026 Updated at 5:37 pm PTA cable connected to solar panels plugs into an outlet in Agnes Chan’s backyard in Berkeley, California, on August … Read more
The Federal Trade Commission has opened a wide-ranging investigation into the security of artificial intelligence systems made by Anthropic and OpenAI, a senior agency official said Wednesday. The full scope of the investigation was unclear, but the FTC has broad authority to investigate unfair and deceptive practices that harm American consumers. The official spoke on … Read more
FOX Business Madison Alworth reports on Citadel CEO Ken Griffin reaffirming his plans to move his company to Miami from New York City, driven by a desire for a state that embraces business in ‘Varney & Co.’ Hedge fund billionaire Ken Griffin is making the largest single donation in the history of higher education, giving … Read more
Ynon Kreiz, who is stepping down as CEO of Mattel after eight years, will join David Ellison’s Paramount, which is expected to close its megamerger with Warner Bros. Discovery on Oct. 6, as co-CEO of the new company, Paramount announced. As president and CEO, Ellison will lead all strategic, creative and technology functions. Kreiz, as … Read more
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