Oil prices fell, moving closer to levels not seen since the war in Iran began in February.
Category: Prices (Fares, Fees and Rates)
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Oil Prices Fall Toward Prewar Levels as Gulf Shipping Resumes
The New York Times – Business: -
Housing Package Passed by Congress Has Wide Appeal, but It’s No Quick Fix
The New York Times – Business:The first housing package in decades will take time to put into effect, testing the patience of families rankled by high prices.
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Your Home Could Help Solve AI’s Growing Power Demand
The New York Times – Business:Tesla, Sunrun and Renew Home plan to tap solar panels, batteries, thermostats and other devices installed in millions of homes to meet the energy demands of artificial intelligence.
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Asia Tech Shares Swing Wildly as A.I. Jitters Persist
The New York Times – Business:The turbulence in Asia’s chip-dominated stock markets highlighted how heavily global equities have come to depend on enthusiasm for artificial intelligence.
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The Iran War’s Persistent Threat to Farmers in Poor Countries
The New York Times – Business:A reopening of the Strait of Hormuz would do little to swiftly ease the pain inflicted by higher prices for fertilizer, food and fuel in Ivory Coast.
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Ferraris and Shell Companies: Five Charged in Medicare Fraud Schemes
The New York Times – Business:The Justice Department is taking aim at pricey “skin substitutes,” an overused wound care treatment that cost the government $10 billion in 2024.
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Markets Recoil in Global Sell-Off Driven by Tech Stocks
The New York Times – Business:Chipmakers led the way down in South Korea, where the main index crashed 10 percent. Stocks in Europe were lower and S&P 500 futures pointed to a sharp fall.
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America’s Thirst for Gasoline May Not Recover After Iran War
The New York Times – Business:People drove less and bought more-efficient cars when fuel prices surged, habits that could stick over the long term.
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Brexit Has Cost the UK Growth, Analysts Say, in the Decade Since the Vote
The New York Times – Business:Citing lower trade and investment, analysts broadly agree that Britain’s economy is smaller than it would have been if the country had stayed in the E.U.
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U.S. Oil Is Skipping the Chance to Grab Market Share From the Gulf
The New York Times – Business:U.S. oil production is expected to grow only modestly next year as companies hesitate to spend more in an uncertain market.
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Oil Prices Fall as U.S.-Iran Talks Show Signs of Progress
The New York Times – Business:Oil prices retreated after Iran’s foreign minister said there had been “major progress” toward ending the fighting in Lebanon during the first session of high-level talks.
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Oil Rises Amid Uncertainty Over Strait of Hormuz
The New York Times – Business:Modest reactions in the oil and financial markets as Iran and the U.S. met in Switzerland for a first round of talks aimed at making a temporary cease-fire permanent.