Saudi Aramco CEO warns oil markets may not recover until 2027 due to Hormuz disruptions
The CEO of Saudi Arabia’s state-owned oil company is warning that the energy sector will take time to recover from the Iran war’s impact on...
Category : Business
Americans lean on credit cards and buy now, pay later as gas prices eat bigger share of income
American household budgets are under pressure from higher gas prices and new data shows that consumers are turning to credit to cushion the blow of...
Nike faces class action lawsuit accusing it of pocketing tariff refunds while charging consumers more
Nike is facing a new class action lawsuit accusing the company of failing to refund tariff-related costs it passed on to consumers through higher prices....
ChatGPT boom fuels a luxury housing frenzy in Bay Area
The artificial intelligence (AI) boom has caused a surge in luxury real estate prices in the Bay Area, although more affordable areas in Silicon Valley...
US economy added 115,000 jobs in April, beating expectations
The U.S. economy added jobs at a modest pace in April amid uncertainty surrounding the impact of conflict in the Middle East on the labor...
Gas price surge hitting low-income households hardest, Fed study finds
A new report by the Federal Reserve Bank of New York finds that the recent rise in gas prices has affected households very differently based...
Tesla recalls more than 218K vehicles over rearview image issue that poses crash risk
Tesla is recalling more than 218,000 vehicles because of delayed rearview camera images that could increase the risk of a crash, the National Highway Traffic...
Private sector added 109,000 jobs in April, above expectations, ADP says
Companies in the private sector added 109,000 jobs in April, payroll processing firm ADP said in its latest report on Wednesday. The figure is above...
Chevron CEO says economies ‘are going to have to slow’ as Strait of Hormuz closure disrupts oil supply
Chevron CEO Mike Wirth on Monday said that shortages in the oil supply chain will start appearing around the world because of the closure of...
Officials warn of banking spoof callers draining customers’ accounts
Officials are warning customers about banking spoof calls that could trick them into emptying their accounts, with scammers posing as banking or law enforcement officials...