Author: Daniel snow
[ad_1] Oil prices fell sharply Tuesday after President Donald Trump said China can keep buying oil from Iran, a sign that the U.S. is easing its maximum pressure campaign on the Islamic Republic in the wake of a ceasefire with Israel.Global benchmark Brent fell $3.33, or 4.66%, to $68.15 per barrel by 10:18 a.m. ET. U.S. crude oil was last down $3.18, or 4.64%, to $65.33 a barrel. Prices closed 7% lower on Monday as the oil market bet that the conflict in the Middle East was winding down.”China can now continue to purchase Oil from Iran,” Trump said in…
[ad_1] Carnival’s stock was surging to lead the S&P 500’s gainers, as strong last-minute bookings helped fuel an earnings beat and raised the cruise line’s outlook. [ad_2] Source link
[ad_1] Glazed Krispy Kreme doughnuts.Joe Raedle | Getty Images News | Getty ImagesKrispy Kreme and McDonald’s are ending their partnership for good.The chain will stop selling its doughnuts at McDonald’s restaurants on July 2, the companies said in a press release Tuesday. McDonald’s USA’s Chief Marketing and Customer Experience Officer Alyssa Buetikofer said the collaboration was going well for the burger chain and its franchisees, but it “needed to be a profitable business model for Krispy Kreme as well.”Their deal had placed Krispy Kreme doughnuts in 2,400 McDonalds locations. The companies paused their partnership in May after sales slowed down,…
[ad_1] In 2002, I twisted my hip leaving my office after work. It didn’t stop hurting for months, but I mostly ignored it. After a year passed and it had only gotten worse, I finally saw my doctor.When I went back for the MRI results, he closed the door to the examining room, sat directly across from me, and said, as professionally as he could, “There is a lesion on your hip.””A lesion?” I said. “You mean a tumor?””Yes,” he said.I was 38 years old, pursuing a promising career in journalism, married to a woman I loved, and the first-time…
[ad_1] Chair of the US Federal Reserve Jerome Powell speaks during a press conference following the Federal Open Market Committee meeting in Washington, DC, on June 18, 2025.Saul Loeb | Afp | Getty ImagesFederal Reserve Chair Jerome Powell on Tuesday emphasized the central bank’s commitment to keeping inflation in check, saying he expects policymakers to stay on hold until they have a better handle on the impact tariffs will have on prices.In remarks to be delivered to two congressional committees this week, Powell characterized economic growth as strong and the labor market to be around full employment.However, he noted that…
[ad_1] Taxpayers are getting hosed, Social Security and Medicare reports show. [ad_2] Source link
[ad_1] [The stream is slated to start at 10a.m. ET. Please refresh the page if you do not see a player above at that time.]Federal Reserve Chair Jerome Powell delivers his semiannual monetary policy testimony to congressional leaders, starting Tuesday with an appearance before the House Financial Services Committee.In prepared remarks, Powell noted the “solid” condition of the U.S. economy but said concerns linger over the impact President Donald Trump’s tariffs will have on inflation.”Policy changes continue to evolve, and their effects on the economy remain uncertain,” he said. Powell added that he and his Federal Open Market Committee colleagues…
[ad_1] A worker unloads boxes from an Amazon delivery van in San Francisco on Oct. 24, 2024.David Paul Morris | Bloomberg | Getty ImagesAmazon is expanding its rapid delivery machine to more rural corners of the U.S.The company said Tuesday it plans to bring same- or next-day delivery to more than 4,000 smaller cities, towns and rural communities across the country “for the first time” by the end of this year.The move is part of a previously announced small-town expansion that will see Amazon spend roughly $4 billion by the end of 2026 to triple the size of its rural…
[ad_1] Fast-food giant and doughnut maker scrap their alliance, which rolled out nationally in March 2024, as demand kept falling. [ad_2] Source link
[ad_1] A rise in natural-gas prices and other factors will make air conditioning particularly pricey for Americans this summer, according to the Energy Information Administration’s Short-Term Energy Outlook. The surge is expected to bring AC costs up by about 4%, costing the average American home around $186 a month, according to The Wall Street Journal.New England residents are expected to face even higher charges, the Journal reports, with average monthly bills reaching around $200.A higher-than-expected AC bill can sneak up on you. And while this summer’s 4% uptick may not seem significant in comparison to other prices on the rise,…