U.S. gasoline prices are unlikely to fall below $3 per gallon anytime soon, with Energy Secretary Chris Wright warning they could remain above that level until next year—despite signs that recent price spikes may have peaked.
Amazon is set to spend roughly $11 billion to acquire satellite firm Globalstar, a move that dramatically escalates its rivalry with Elon Musk’s Starlink and signals a deeper push into the fast-growing space-based internet market.
Oil prices plunged sharply after Iran confirmed that the Strait of Hormuz will remain open during an ongoing ceasefire, easing fears of a prolonged global supply shock and triggering an immediate market reaction.
Chinese AI startup DeepSeek is in talks to raise fresh capital at a $10 billion valuation, signaling a major shift for a company that has largely avoided external funding despite rapidly rising global influence in artificial intelligence.
PepsiCo has exceeded Wall Street expectations in its latest quarterly earnings, driven largely by strategic price cuts on flagship snack brands like Doritos and Lay’s that helped bring shoppers back after months of declining demand.
Netflix is set to report its quarterly earnings after the bell, with investors closely watching whether the streaming giant can sustain its growth momentum amid rising competition and shifting business strategies.
The European Union is preparing to release up to €2.7 billion to Ukraine after Kyiv completed key parliamentary reforms, marking another critical step in sustaining the country’s wartime finances and long-term recovery. Speaking in Washington, EU Enlargement Commissioner Marta Kos confirmed the disbursement would follow Ukraine’s recent legislative progress, with funds expected to range between…
Snap Inc., the parent company of Snapchat, is cutting around 1,000 jobs—about 16% of its workforce—while explicitly linking the move to rapid advances in artificial intelligence that are reducing the need for repetitive work.
The Detroit Tigers have made a decisive long-term bet on their future, agreeing to an eight-year, $150 million contract extension with rookie shortstop Kevin McGonigle—a deal that signals both confidence in elite young talent and a broader shift in Major League Baseball’s financial strategy.
U.S. import prices rose less than expected in March, but economists warn the real inflation shock is still ahead as the Iran war drives a surge in global oil costs.
