A $0.50 per gallon rise in gasoline prices could cost U.S. households $60 monthly, pressuring consumer spending and GDP growth. Chevron CEO Mike Wirth cautioned that supply outages in Europe, Asia, and Australia linked to the Iran conflict may disrupt global oil markets. T
GCC petrostates reduce Central Asia investment plans following economic disruptions from the 2026 Iran conflict. Gulf Cooperation Council members, including Saudi Arabia, the UAE, and Qatar, have curtailed investment initiatives in Central Asia due to economic fallout from
US oil companies cautious due to volatile energy prices US oil and gas companies are hesitant to increase oil production despite calls to do so. The huge expense of conducting new exploration and drilling operations is a major factor in this decision. The ongoing ge
Some commuters now pay $1,600 a month just to get to work — how the cost of gas is changing the math on where you live If you're a driver with a gas-powered vehicle, you've no doubt been feeling the pain at the pump lately, with gas prices jumping more than 50% since the end of...</strong
Warren Buffett has always said his favorite holding period is forever. His deepening commitment to Japan's trading houses is starting to look like exactly that Berkshire Hathaway (BRK.B) (BRK.A) quietly crossed the 10% ownership threshold in two more Japanese conglo
Apollo Global Management CEO Marc Rowan cites rising risks of an unexpected economic shock amid AI-driven labor shifts and geopolitical instability. Apollo Global Management CEO Marc Rowan warned of a 30% to 35% probability of a significant market disruption, despite curre
Rising restaurant prices and economic concerns drive U.S. consumers to cut discretionary spending, including dining out. McDonald’s CEO warned that many Americans are feeling financially strained as inflation remains elevated. The Consumer Price Index rose 3.3% annually in
Polling shows 76% of Americans disapprove of Trump's handling of cost-of-living issues amid rising gas prices and inflation. President Donald Trump’s approval rating on the economy has fallen to 30%, down from 38% in March, as inflation and rising costs weigh on voters. Po
Warren Buffett built his fortune on a simple idea. Find sturdy businesses that print cash, leave them alone for decades, and let compound interest do the heavy lifting That patience is why Berkshire Hathaway (BRK.A) became the kind of holding company that owns a rai
Independent voters' approval of Trump's handling of inflation falls to negative 70 percentage points, marking a 79-point swing since late 2024. Independent voters’ approval of President Trump’s economic performance has plunged to negative 70 percentage points, a 79-point d