Economy
17 articles
Exxon Chevron Profits Hit $26.6B as Gas Tops $4 a Gallon
Exxon Chevron profits reached $26.6 billion in Q2 2026 as Hormuz stayed shut and gas hit $4.11. See the numbers, the refining math, and the windfall tax push.
Why Q2 GDP Slowed to 1.5% While Core Inflation Sticks at 3.3%
Q2 GDP growth came in at 1.5%, under the 1.8% forecast, while core PCE held at 3.3%. Here's what the miss means for Fed rate hikes and your portfolio.
June CPI Report: Prices Fall 0.4%, Biggest Drop Since 2020
The June CPI report shows prices fell 0.4%, the biggest monthly drop since 2020, cutting inflation to 3.5%. See what it means for Fed rates and your wallet.
Washington Bets Billions on a Nuclear Revival With Federal Reactor Loans
Federal loan support is poised to underwrite the first wave of new large US nuclear reactors, anchoring an $80 billion build-out as power demand from AI data centers surges.
Strait of Hormuz Oil Exports May Never Fully Recover to Pre-War Levels, Analysts Warn
Even as US-Iran ceasefire talks advance, analysts warn that oil tanker traffic through the Strait of Hormuz may never return to pre-war levels due to mine risks, infrastructure shifts, and lasting shipper anxiety.
UK Household Energy Bills Set for 'Deeply Unwelcome' 13% Hike as Iran War Oil Shock Bites
Ofgem announced a 13% rise in the UK energy price cap starting July 2026, driven by the Iran war's disruption of global energy markets, pushing gas bills up 24% for British households.
The Middle East War Is Putting Gulf AI Ambitions to the Test
The conflict between the US, Israel, and Iran is forcing data center developers and tech investors to rethink the Gulf's $100B+ AI infrastructure bet as attacks, energy risk, and uncertainty mount.
Kevin Warsh Sworn In as Fed Chair at the White House
Kevin Warsh takes the oath as the 17th chair of the Federal Reserve in a White House ceremony hosted by President Trump, the first Fed chair swearing-in...
G7 Finance Ministers Meet in Paris as Hormuz Closure Hits Economy
G7 finance ministers gather in Paris this week as Brent crude sits above $109, 30-year Treasury yields hit a one-year high
Why Central Banks May Trigger a Recession to Fight Iran's Oil Shock
The Fed and ECB face an impossible choice: raise rates to tame oil-driven inflation and risk a global recession, or hold steady and watch prices spiral.
The Growing Credit Gap in America's Economy
The financial divide between super prime and subprime borrowers has widened past pre-pandemic levels, revealing a two-speed economy where creditworthy...
What Causes Inflation? 6 Key Drivers Explained Simply (2026)
What causes inflation? Demand surges, supply shocks, money printing, wage spirals, global disruptions, and expectations.