Oil Prices Climb Above $100 Following Strait of Hormuz Attacks, Gulf Storm Threat
Oil prices rose on Wednesday due to increased attacks in the Strait of Hormuz and the arrival of a storm in the Gulf Coast region. Brent crude (BZ=F) rose to return above $101 per barrel, while West Texas Intermediate crude (CL=F) was near $90 per…
US 30-year mortgage rate hits highest level in nearly three years
By Ann Saphir Oct 7 (Reuters) – The interest rate on the most common U.S. home loans jumped last week to its highest level in nearly three years, worsening affordability for buyers four weeks before elections that will decide whether President…
October’s best Prime Day deals from Apple, Sony, Google and more
Day two of Amazon’s Prime Big Deal Days event is here, and the sale will end at 3 a.m. ET on Thursday, October 8. While a few of yesterday’s best deals have already ended, many are still underway, with new discounts emerging to make the last…
Demand for fuel-efficient used cars rises amid high gas prices
DETROIT — Used vehicle prices are expected to fall more than expected this year as high gas prices and higher inflationary costs hit Americans’ wallets. Cox Automotive on Wednesday lowered its forecast for the company’s Manheim Used Vehicle…
Costco fans are renovating their homes to make unloading groceries easier
Residential floor plans in 2026 are woefully lacking in clothes chutes, milk chutes, and dumbwaiters, but innovations in home efficiency continue to evolve. Case in point: the Costco door. Named for their popularity among fans of bulk storage, these…
OpenAI releases new mathematical proofs as super PAC targets AI-backed candidates
52 minutes ago OPINION: America can’t win the global AI race if Americans are afraid to use AI This is an excerpt from an opinion piece by Miriam Vogel, president and CEO of EqualAI and former associate deputy attorney general of the United States.…
Why McDonald’s faces a tough task winning back customers
The $5 Sausage McMuffin meal didn’t do the trick. Neither was the mix-and-match deal that allowed customers to choose, say, Filet-O-Fish and Chicken McNuggets for $6. McDonald’s CEO Chris Kempczinski has tried to convince customers squeezed…
Chevron CEO warns of ‘reckless’ ban on diesel exports
The CEO of the American oil giant Chevron warned Wednesday that it would be “unwise” for the Trump administration to move forward with a ban on diesel exports, saying the policy risks worsening the supply situation. “Export bans,…
IMF chief urges governments to tighten belts as global debt levels soar | International Monetary Fund (IMF)
The head of the International Monetary Fund has called on governments of major economies to tighten their belts as soaring bond yields strain budgets. Speaking in Singapore, IMF Managing Director Kristalina Georgieva said the global debt-to-GDP ratio was…
Stock market today: Dow, S&P 500 and Nasdaq futures fall after tech rally as Treasury yields rise
U.S. stock futures fell Wednesday morning as global bonds fell and investors awaited minutes from the Fed’s September meeting. Dow Jones Industrial Average Futures (YM=F) slipped 0.5%. Futures on the S&P 500 (ES=F) fell 0.2%, and the…