Oil Rises Above $85 a Barrel as Gulf Clash Escalates
Brent crude, the international benchmark, breached $85 per barrel for the first time in a month.
Brent crude, the international benchmark, breached $85 per barrel for the first time in a month.
Navy acquisition reforms upended a $2.1 billion contract competition. When it was over, several companies with ties to the Trump administration had made the cut.
Companies have been getting more out of employees for several years. Tight labor markets, digitization and remote work are among the reasons.
The potential expense of a 20 percent charge to move oil and other goods through the strait has stirred concern among shippers.
Christopher J. Waller, a governor at the Federal Reserve, said he needed to see several months of lower inflation data to feel confident about the outlook.
Some tech executives are nervous that the administration’s recent scrutiny of artificial intelligence models could be a prelude to a demand for an ownership stake.
The lawsuit, filed by California and 11 other states, argues that the deal would harm movie theaters and damage America’s entertainment industry.
Shipping activity plummeted after Iran attacked a ship, setting off U.S. strikes. Little crude oil is being transported through the critical waterway.
For decades, OPEC influenced the market by how much oil it produced. But China, the largest importer, is demonstrating its remarkable power over prices.
Electric vehicle chargers are proliferating in Southern states as fast food restaurants, stores and other businesses try to lure customers.