The future of oil prices may depend on China
As the US and Iran hammer out how to reopen the Strait of Hormuz, the market’s next move may rely on one country absent from the negotiations.
Category: Business
Economists have long pushed for prediction markets. The reality is not what they’d hoped for
Long before the founders of Kalshi and Polymarket were even born, a handful of economists were getting amped about a novel approach to dealing with on…
AI regulation is a mess, and Anthropic is caught in the crosshairs
The latest spat between Anthropic and the government raises a broad concern among AI and safety researchers: There is no consistent framework for regu…
Private clubs cost thousands to get in — and they’re booming
If the walls of The Sloane Club could talk, they probably wouldn’t stop. The private members’ club, founded in 1922 by one of Queen Victoria’s d…
Iran claims the Strait of Hormuz is closed again. Few ships were leaving in the first place
An initial wave of ships exiting the Strait of Hormuz after it officially reopened on Thursday seems to have slowed down.
Oil prices are falling and stocks are up. Traders worry they’ve gone too far
The agreement to re-open the Strait of Hormuz has been met with swift relief in markets. But some traders worry the rally in stocks and drop in oil pr…
How has financial assistance from family – or lack thereof – impacted you?
For generations, Americans have viewed hard work, education and career advancement as the primary paths to getting ahead. But with the ever-growing co…
Tim Cook says iPhone prices will rise. Trump says Apple will make US chips with Intel
President Donald Trump said Thursday that Intel has struck a deal with Apple to start producing computer chips in the United States.
Easing tensions with Iran push mortgage rates lower — but a potential Fed rate hike clouds the outlook
Americans shopping for a home caught a break this week when mortgage rates edged lower.
The Fed’s new era begins. Here’s what it means for your money
The Federal Reserve may have a new chairman in Kevin Warsh, but it still has to balance its old dual mandate: Lower rates to boost the economy when th…
