The Pentagon has received a big ownership stake in an obscure private oil company that will control crude reserves larger than ExxonMobil‘s global portfolio if President Donald Trump‘s Venezuela deal is successful. The deal comes eight months after Washington ousted former Venezuelan President Nicolás Maduro in a military raid and co-opted the remaining regime led…
Satellite view of Kharg Island, located in the Persian Gulf off the coast of Iran. Gallo Images | Gallo Images | Getty Images U.S. forces struck three Iranian crude oil carriers Saturday after U.S. Central Command said the Islamic Revolutionary Guard Corps launched ballistic missiles toward two Navy warships in the region. CENTCOM said it…
A Walmart delivery van parked in front of the Walmart Torrance Market, on April 3, 2025 in Torrance, California. Jay L Clendenin | Getty Images News | Getty Images Walmart will soon be able to bring you an iced coffee and a maple doughnut — from Dunkin’. The nation’s largest retailer announced this week it…
A truck carrying construction materials at the new QTS Eagle Mountain data center under construction in Eagle Mountain, Utah, US, on Tuesday, Jan. 27, 2026. QTS Realty Trust Inc. is an owner, developer, and operator of carrier-neutral and multi-tenant data centers. Bloomberg | Bloomberg | Getty Images As America has an intense national debate about…
BECKY QUICK: Welcome back, everybody. Berkshire Hathaway first invested in Japan’s five main “trading houses” just over six years ago, and it consistently increased its position. Berkshire now owns more than 10 percent of each of the top five. And the company’s CEO, Greg Abel, is in Japan right now. He joins us for a…
The Federal Reserve should cut interest rates to make homes more affordable, Vice President JD Vance said Thursday, adding to the pressure President Donald Trump has placed on the central bank to cut borrowing costs. The remarks came days after Trump’s handpicked Fed chair, Kevin Warsh, hinted at the possibility of doing the opposite: addressing…
THC beverages for sale at Urban Flower, a CBD and THC dispensary in Houston, Texas, Oct. 28, 2022. Elizabeth Conley | Houston Chronicle | Hearst Newspapers | Getty Images Erica Fabian says THC-infused drinks have become an alcohol alternative that have made a profound difference in her family. “Drinking [alcohol] is not healthy for both…
This report is from this week’s The Tech Download newsletter. Like what you see? You can subscribe here. Yesterday, Nvidia confirmed what we all already knew. The company is planning to acquire Hugging Face, a New York-based startup which has built a repository for open source AI models and recently shot to global recognition after it…
Shoppers walk past a Lululemon store at a shopping mall on June 21, 2026, in Hong Kong, China. Cheng Xin | Getty Images Shares of Lululemon plunged 20% in premarket trading Friday after the retailer reported another quarter of disappointing results and cut its outlook for the year. The company on Thursday posted a 4%…
The trendy Hillcrest neighborhood of San Diego, California, was the backdrop for violent acts and hate crimes. Business owners had enough. The Hillcrest Business Association‘s members in 2024 began paying a third-party service around $400,000 annually for eight hours of unarmed security guard patrol each day. The association plans to add about $150,000 to the…
