U.S. gasoline prices remain elevated at over $4 per gallon amid prolonged regional tensions and supply risks. U.S. gasoline prices showed minimal movement on July 31, with the national average at $4.093 per gallon, according to GasBuddy, and $4.106 per gallon, per AAA. Bot
Perpetual futures reverse traditional finance convergence Perpetual futures, or perps, are the largest market crypto has built, with daily volumes approaching three-quarters of a trillion dollars. The scale of perps is easy to underestimate, with volumes routinely run
Billionaire investor Ray Dalio says cash has the worst return Ray Dalio, founder of Bridgewater Associates, considers cash the worst long-term investment due to inflation. He defines cash as money held in savings accounts and other short-term, interest-bearing vehicle
US crude oil futures rise 2.5% after reported plans The US and Israel are planning a significant bombing campaign against Iran's energy infrastructure, with potential strikes throughout the weekend. The planned campaign is reportedly one of the heaviest to date, ta
Unconfirmed reports indicate military plans target Iran’s power plants and refineries ahead of next week’s Asian market open. The United States and Israel are reportedly coordinating potential strikes on Iran’s energy infrastructure, including power plants and refineries,
Edison International warns legislative inaction on wildfire liability reforms could hurt its credit rating and capital access. Edison International (EIX) shares fell 5.4% after CEO Pedro Pizarro cautioned California lawmakers may miss the August 31 deadline for wildfire li
ExxonMobil and Chevron made a combined $26.5 billion in the second quarter after producing more oil, refining more fuel, and selling all of it into a market scrambled by war. Washington is investigating why gasoline costs so much Chevron reported record net income o
California Governor Gavin Newsom’s concerns over an antitrust lawsuit may ease regulatory hurdles for Warner Bros. Discovery’s $110 billion deal. Warner Bros. Discovery (WBD) shares climbed 3.5% after reports that California Gov. Gavin Newsom expressed concerns about the s
The U.S. economy grew at an annualized rate of 1.5% in the second quarter of 2026, according to the Bureau of Economic Analysis, slowing from 2.1% growth in the first quarter and coming in below what economists had forecast. The Reuters poll of economists had placed the co
New York Attorney General Letitia James and Governor Kathy Hochul filed suit against prediction market platform KalshiEX, LLC on Friday, alleging the company has been operating an unlicensed gambling business in the state. The lawsuit, filed in Manhattan state court, is se
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