Oil tanker traffic through the Strait of Hormuz has slowed after Iranian attacks on three commercial ships this week pushed the Persian Gulf to the brink of a renewed war. Thirteen tankers crossed Hormuz on Wednesday compared with an average of 33 per day over the previous week, said Matt Smith, director of commodity research…
President Donald Trump speaks at the launch of Trump investment accounts in the Oval Office of the White House in Washington, July 6, 2026. Mandel Ngan | Afp | Getty Images Following a massive publicity push in the lead-up to the official launch of Trump Accounts on July 4, more than 6 million American children…
High mortgage rates coupled with record-high prices are causing homebuyers to pull back. Sales of previously owned homes in June dropped 2.4% from May to 4.09 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. Housing analysts were predicting a slight gain month over month. June sales were, however,…
Pepsi soft drinks are displayed at a convenience store in San Francisco, California. Justin Sullivan | Getty Images PepsiCo on Thursday reported mixed quarterly results as the struggles of its North American food and beverage divisions offset strong international demand. “Results were tempered in the quarter as U.S. food and beverage category performance moderated with…
A view of Columbus, Ohio, Oct. 30, 2022. Sky Noir Photography By Bill Dickinson | Moment | Getty Images Offering unparalleled access at unrivaled costs, Ohio is America’s Top State for Business in 2026. It is the pinnacle of a long climb for the Buckeye State, once considered the buckle of the Rust Belt. Ohio…
POWER POINT What I’m hearing from energy insiders First and foremost, I hope that everybody had a wonderful 4th of July holiday and celebrated the 250th birthday of this amazing nation. As the celebrations ended and this week began, we seemed to be on a path to the Iran conflict winding down and the Strait…
U.S. President Donald Trump speaks to members of the press aboard the new Air Force One on July 8, 2026. Win Mcnamee | Getty Images U.S. President Donald Trump said Wednesday evening that he does not know whether Washington and Iran are returning to a full-fledged war, but told reporters that Iran “badly” wants to…
NATO Secretary General Mark Rutte greets Donald Trump, President of United States during a welcome ceremony of allied heads of state and government, on July 08, 2026 in Ankara, Turkey. Win Mcnamee | Getty Images News | Getty Images NATO had a fractious summit in Turkey this week, with U.S. President Donald Trump threatening to…
Currency dealers monitor exchange rates as an electronic screen (top) shows South Korea’s benchmark stock index (KOSPI) in a foreign exchange dealing room at the Hana Bank headquarters in Seoul on June 23, 2026. Jade Gao | AFP | Getty Images South Korea’s stock benchmark, Kospi, has gone from being the world’s hottest equity market…
Shares of AstraZeneca fell as much as 9% after a late stage clinical trial for an experimental heart disease failed to meet its target. The medicine, Wainua, did not reach its main goal of reducing deaths and recurrent heart-related emergencies over 140 weeks compared to a placebo, the British drugmaker said in a press release…
