Diesel tops $6, record high as Ukraine and Iran wars ripple through economy
U.S. diesel prices hit $6 per gallon on Friday for the first time ever, as…
Diesel tops $6, record high as Ukraine and Iran wars ripple through economy
U.S. diesel prices hit $6 per gallon on Friday for the first time ever, as fuel supply disruptions triggered by the Ukraine and Iran wars raises transportation costs across the entire economy. Truckers and farmers are paying about 63% more to fill up their semis and tractors than they did at this time last year,…
Trump says he has no regrets about starting the Iran war as U.S. dials up economic pressure
US President Donald Trump speaks at the National Medal of Honor Museum in Arlington, Texas on Sept. 10, 2026. Brendan Smialowski | AFP | Getty Images U.S. President Donald Trump said he has no regrets about starting the Iran war and added that “If I had it to do again, I would do exactly what…
A Chinese humanoid-robot startup flips ‘distillation’ claim on OpenAI
The CEO of an Ant-backed humanoid robotics startup has published a letter to OpenAI in Chinese that raises questions about technical and design similarities between the two companies’ recent models. “People often say major tech companies have intelligence networks monitoring the whole internet, this time I believe it, this is a direct distillation of us…
China is moving toward U.S.-style worldwide taxation of rich citizens
BEIJING, CHINA – NOVEMBER 18: A general view of the Ministry of Finance (MOF) on November 18, 2024 in Beijing, China. Visual China Group | Getty Images Beijing’s recent push to tax the offshore wealth of its citizens may be only the opening phase of a broader campaign for income from the holdings of China’s…
China-Philippines tensions simmer after Beijing rebukes Manila over Seoul clash
08 September 2026, South Korea, Seul: Gilberto Teodoro (right), the Philippine Secretary of Defense, is participating in the Seoul Defense Dialogue. Thomas Maresca | Picture Alliance | Getty Images China-Philippines relations took a fresh hit after Beijing warned Manila to stop “theatrics,” following a top government official’s sharp rebuke to China at a recent defense…
Kevin Hassett held up to $5 million in Coinbase amid Trump crypto push
White House National Economic Council Director Kevin Hassett held between $1 million and $5 million worth of shares in crypto giant Coinbase at the end of 2025, as President Donald Trump’s administration rapidly rewrote federal cryptocurrency policy. Hassett’s previously unreported 2025 annual financial disclosure lists the investment as vested Coinbase shares. He formerly worked as…
The iPhone Duo enters China’s crowded foldable market
New Apple CEO John Ternus holds the new foldable iPhone Duo during Apple’s event at the Steve Jobs Theater in Cupertino, California, U.S. Sept. 9, 2026. Carlos Barria | Reuters Apple‘s first folding phone is getting a tepid response Chinese consumers that are focused more on how much it costs versus existing foldables from domestic…
Bessent says ‘a large bank’ will be sanctioned next week
U.S. Treasury Secretary Scott Bessent speaks during a “fireside chat”, as finance ministers and central bank governors from G20 countries meet in Asheville, North Carolina, U.S., September 1, 2026. Sam Wolfe | Reuters “A large bank” will be sanctioned by the U.S. next week, U.S. Treasury Secretary Scott Bessent said Thursday. “We’re going to do it…
Trump announces $500 Obamacare refunds starting in October
President Donald Trump announced Thursday that the federal government will issue $500 Obamacare refunds to nearly 1 million people starting in October. The refunds will be available to enrollees in Obamacare — the informal name for the Affordable Care Act — from 30 states that use the federally run exchange to operate their healthcare marketplace,…
Jim Cramer says this is the key force driving stocks right now
CNBC’s Jim Cramer said Thursday investors trying to understand the latest pressure on stocks should pay close attention to the 30-year Treasury yield. “The long bond, the 30-year Treasury, is in charge of everything,” the “Mad Money” host said. Stocks fell Thursday after U.S. oil prices topped $100 a barrel amid concerns that a prolonged…
