The Texas Voyager oil tanker sits anchored off the coast of Chevron’s El Segundo Refinery in El Segundo, California on March 4, 2026. Patrick T. Fallon | Afp | Getty Images The Trump administration on Friday announced a $20 billion reinsurance program for oil tankers and other maritime traffic in an effort to get vessels…
Smoke and fire rise from the site of airstrikes at Mehrabad International Airport in Tehran on March 7, 2026. (Photo by ATTA KENARE / AFP via Getty Images) Atta Kenare | Afp | Getty Images U.S. and Israeli airstrikes on Iran continued on Saturday, one week after they launched their joint campaign to rid Tehran…
It’s difficult to describe the U.S. economy in black and white terms like “good” or “bad.” On several fronts, the data says the economy is healthy. But surveys show American consumers don’t feel that way. “There’s no doubt right now that different data can show slightly different narratives,” says Heather Long, chief economist at Navy…
Palantir was an outlier in a tough week for the stock market, as the provider of software and services to the U.S. government saw its stock rally 15% following the U.S. attack on Iran. The tech-heavy Nasdaq fell 1.2% for the week, pushed lower by names like Apple, Google and Micron, and other benchmarks tumbled…
Google CEO Sundar Pichai gestures to the crowd during Google’s annual I/O developers conference in Mountain View, California, on May 20, 2025. David Paul Morris | Bloomberg | Getty Images Google said it will continue offering Anthropic’s artificial intelligence technology for clients, excluding for defense work, a day after Microsoft issued a similar statement to…
While the U.S. war with Iran is playing out thousands of miles away, American consumers are already feeling financial ripple effects. The U.S.-Israeli strikes on Iran over the weekend gave way to a week with topsy-turvy markets, spiking mortgage rates and higher prices at the pump. These changes can drag on already-lackluster consumer sentiment while…
The U.S. economy lost jobs in February, a month marred by severe winter weather and a strike at a major health care provider, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls fell by 92,000 for the month, compared to the estimate for 50,000 and below the downwardly revised January total of 126,000. At the…
President Donald Trump is ready to use the U.S. Navy to escort oil tankers through the Strait of Hormuz as the war against Iran rages, but providing safe passage to the volume of traffic that typically passes through the waterway will prove challenging. U.S. oil prices have surged 28% to above $86 a barrel this…
Pedestrians in the snow at Times Square during a winter storm in New York, US, on Sunday, Feb. 22, 2026. Bloomberg | Bloomberg | Getty Images Historic winter storms and subsequent store closures weighed on Gap’s performance during its holiday quarter and contributed to worse-than-expected results at its portfolio of brands, the retailer said Thursday. …
Costco Wholesale reported solid quarterly results on Thursday, slightly beating analyst forecasts on the key lines. While we would have preferred to see stabilized renewal rates in its key region, the retailer’s consistently strong sales momentum can’t be ignored. Total revenue in its fiscal 2026 second quarter increased 9.2% year over year to $69.6 billion,…
