In recent years, the global oil market has been impacted significantly by COVID-19 disruptions, price wars between oil-producing nations, Russia’s war in Ukraine and the conflicts in the Middle East. Just as oil demand was rebounding as COVID-19 lockdowns eased worldwide, pushing prices higher, Russia’s aggressive war against Ukraine set…
The BRICS nations, originally composed of Brazil, Russia, India, China and South Africa, have had many discussions about establishing a new reserve currency backed by a basket of their respective currencies. A BRICS currency was a topic at the 2024 BRICS Summit that took place October 22 to 24 in…
President Joe Biden said Friday that he has decided to block a $15 billion takeover of U.S. Steel by the Japanese company Nippon Steel, capping off a yearlong business saga that drifted into election politics. A national security review by a Treasury Department committee failed to reach a consensus on the deal…
Many small businesses are breathing a bit easier as inflation has cooled and the race for workers slows. But consumers’ steady embrace of credit cards is taking a growing bite out of their margins. Gene-Christian Baca, the owner of Walter’s Hot Dogs in Mamaroneck and White Plains, New York, estimated…
Vail Resorts shares have dropped in recent weeks as a labor dispute roiled one of America’s most prominent skiing destinations. The Park City Professional Ski Patrol Association, a union representing patrollers at the Utah mountain of the same name, went on strike late last month. The work stoppage has spurred complaints…
Disney will combine its Hulu+ Live TV service with Fubo, merging together two internet TV bundles, the companies announced on Monday. Disney will become majority owner of the resulting company — the publicly traded Fubo company — with a 70% ownership stake. Fubo shareholders will own the remaining 30% of the company.…
The Santa Claus Rally may be iffy, but a 23.31% gain in the S&P 500 ($SPX) for the year isn’t too shabby. It was a stellar year in the stock market, especially for the top 10 weighted stocks in the S&P 500, and that’s worth making a toast as we…
President-elect Trump appeared Saturday with Italian Prime Minister Giorgia Meloni at his Mar-a-Lago club in Florida. Trump appeared at a screening of a documentary detailing challenges some conservative lawyers say they face in the legal system. He entered the grand ballroom around 7 p.m. and returned about two hours later…
President-elect Trump is playing host to Italian Prime Minister Giorgia Meloni at Mar-a-Lago this weekend, suggesting he plans to develop a warmer relationship with one of his closest ideological allies in Europe. Trump praised Meloni, 47, for having ‘taken Europe by storm’ during a dinner Saturday night. Meloni was elected…
Nearly every tribute to Jimmy Carter is necessarily encumbered with caveats about Carter, the president. While it is true that the ‘Reagan revolution’ provided America with needed jolts of patriotic and economic strength, Carter, our 39th president, consistently exhibited traits that public figures of our own times would do well…