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Economy

Chevron’s megadeal for Hess gets approval after winning legal battle with Exxon

Economy

Chevron wins legal battle with Exxon, clears path for Hess acquisition

Albert T. Gudmonson

Chevron's bold purchase of Hess Corporation has been formally approved, signifying a significant merger in the energy industry after surmounting a legal barrier posed by ExxonMobil. The outcome of this…

Copper prices have surged to record highs — and they could jump higher. Here’s why

Economy

Copper prices at record highs — and there’s a chance they could go even higher. Here’s why

Albert T. Gudmonson

Copper, widely regarded as an indicator for the state of the global economy, has experienced a significant increase in its market price recently. This trend is a result of constrained…

Retail sales jumped more than expected last month

Economy

Retail sales figures surpassed forecasts last month

Albert T. Gudmonson

Consumer spending saw an unexpected boost last month, with retail sales rising more sharply than analysts had projected. This uptick signals renewed momentum in the retail sector, offering cautious optimism…

Trump launches probe into Brazil's 'unfair' trade practices

Economy

Trump opens inquiry into Brazil’s ‘unfair’ trade practices

Albert T. Gudmonson

During his presidency, Donald Trump’s administration launched a formal investigation into Brazil’s trade policies, citing longstanding concerns over what the United States considered to be unfair trade practices. This move…

US wholesale inflation was unchanged last month despite tariff rollout

Economy

US wholesale inflation flat in past month amid new tariffs

Albert T. Gudmonson

Wholesale costs in the United States remained unchanged in the past month, with no overall rise occurring even with the introduction of additional tariffs. This situation indicates that inflationary forces…

Economy

Bitcoin crosses $120,000 for the first time

Albert T. Gudmonson

Bitcoin has achieved a new record peak, surpassing the $120,000 threshold for the first time ever. This digital currency, frequently regarded as a reference for the wider cryptocurrency sector, keeps…

Drivers offered up to £3,750 discount to buy electric cars

Economy

Save up to £3,750 on electric car purchases for drivers

Albert T. Gudmonson

Recent economic indicators reveal that inflation in the United States has experienced an uptick, with a notable portion of the rise attributed to the influence of tariffs on goods and…

US inflation rises as tariffs drive up prices

Economy

US inflation up as tariffs lead to price hikes

Albert T. Gudmonson

Recent economic indicators reveal that inflation in the United States has experienced an uptick, with a notable portion of the rise attributed to the influence of tariffs on goods and…

Bank boss ready to cut rates if job market slows

Economy

Bank leader ready to lower rates if job market falters

Albert T. Gudmonson

A leading figure at the central bank has indicated a willingness to reduce interest rates if economic data continues to reflect a slowdown in the employment sector. While the current…

Economy

EU delays retaliatory trade tariffs against US

Albert T. Gudmonson

The European Union has chosen to postpone the implementation of proposed trade duties on products brought in from the United States, indicating a tactical halt in a persistent transatlantic disagreement.…