Interruptions in oil supplies in the Middle East, source of much of the world’s energy, are trickling down to what American drivers pay when they fill up.
Category: United States
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U.S. Gasoline Prices, Rising Again, Are Now Up 17% Since Conflict Started
The New York Times – Business: -
Ford and G.M. Face a Dilemma as China Excels in Electric Vehicles
The New York Times – Business:General Motors, Ford and other established automakers risk becoming relics if they don’t catch up to Chinese carmakers and technology companies in electric vehicles and self-driving cars.
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Airline Stocks Tumble as Iran War Expands Across Middle East
The New York Times – Business:Higher fuel prices and lower demand for international flights are eating into airlines’ profits.
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Banks Are Becoming Bulwarks for Vulnerable Seniors
The New York Times – Business:Older Americans are losing billions of dollars annually to financial exploitation. Banks and investment firms are training employees to spot red flags and stop the transactions.
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Paramount Revises Its Bid for Warner Bros. Discovery
The New York Times – Business:Netflix, Warner Bros. Discovery’s preferred acquirer, now has four days to counter Paramount’s revised offer.
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FedEx Sues for Refund of Trump Tariffs Rejected by Supreme Court
The New York Times – Business:The company, which did not specify how much it was seeking, is expected to be one of many demanding compensation for levies ruled unlawful.
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They Did Deals With Trump to Get Lower Tariffs. Now They Are Stuck.
The New York Times – Business:Countries that under the threat of tariffs made commitments like enormous investment pledges face the reality that they may have been better off waiting.
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Trump Doubles Down on Closing Tax Loophole on Cheap Imports
The New York Times – Business:The exemption was shut down last year by President Trump based, in part, on the same legal grounds as the tariffs that were invalidated by the Supreme Court.
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Trump and Indonesia Sign Trade Deal, Locking in 19% Tariffs
The New York Times – Business:The countries made official an agreement reached last year, with Indonesia avoiding a higher tariff and committing to cooperate on export controls.
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Trump Hails Japan’s First Batch of U.S. Investments
The New York Times – Business:The deals, totaling $36 billion, were the first step in a $550 billion investment pledge aimed at securing tariff relief and sustaining U.S. relations.
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How the H-1B Visa Debate Is Driving a Wave of Racism Against South Asians
The New York Times – Business:A dispute over the impact of H-1B visas on U.S. workers has been overshadowed by racist rhetoric, with troubling echoes of the great replacement conspiracy theory.