Business

 In the Race Between Gas Prices and EV Adoption, the War in Iran Just Changed the Pace

The US electric vehicle market has been running a long, slow race against the inertia of a culture built around gasoline. Policy changes, technology improvements, and falling prices have nudged adoption forward over time, but the pace has been frustratingly slow for supporters of electrification. The Iran conflict may have just changed the pace of that race significantly, with gas at $3.90 per gallon...

US Oil Prices Expected to Swing Again Monday as Iran Conflict Tightens Supply

US oil prices are expected to experience another round of dramatic swings on Monday, as three weeks of war with Iran continue to constrain global oil supply. Petroleum analyst Patrick De Haan has placed his forecast at $3.80 to $3.85 per gallon at US pumps, while acknowledging that $4 gas is still within the realm of possibility. The sustained conflict has upended energy market...

Gold and Silver Recover Strength Following Unprecedented Market Volatility on Fed News

Monday brought significant stabilization to precious metals markets after a historic downturn that had unsettled investors globally. Gold prices advanced from an 8% collapse...

Chery Chooses Liverpool for European Command Center in Strategic Expansion Move

Chinese automotive powerhouse Chery is establishing its European research and development headquarters in Liverpool, positioning Merseyside as the hub for its European commercial vehicle...

EasyJet Warns EU Free Baggage Rules Will Eliminate Space Benefits for Passengers

EasyJet has argued that European Union proposals to mandate free cabin baggage would paradoxically reduce rather than enhance the actual storage space available to...

Trump Escalates Against South Korea with 25% Tariff Ultimatum Over Trade Pact

Donald Trump has escalated tensions with South Korea by threatening 25% tariffs on major exports, claiming Seoul's parliament has failed to ratify a trade...

Germany’s Overseas Gold Holdings Under Fresh Review

Germany’s overseas gold holdings are under fresh review as economists voice concerns about political risk. The debate reflects broader uncertainty in global relations. Germany holds...

Apple, Netflix Among Potential Targets in EU Trade Retaliation

The European Parliament has officially suspended the US trade deal ratification, directly responding to President Trump's threat of 10% tariffs unless Europe backs his...

Gold Reaches $4,689 and Silver Climbs to $94 as Trump’s Denmark Dispute Triggers Market Chaos

Precious metal markets delivered remarkable performances on Monday, achieving unprecedented price milestones as geopolitical tensions escalated dramatically. Gold touched a record high of $4,689...

10% Rate Cap: Trump’s Bold Gamble on Consumer Debt

Donald Trump is taking a massive gamble on the U.S. economy with his latest announcement: a 10% cap on credit card interest rates. The...

Russian Submarine Threatens Venezuela Supplying Oil to US Indefinitely

Moscow's reported dispatch of submarine assets to protect oil tankers marks a dangerous military escalation potentially disrupting arrangements for Venezuela supplying oil to the...

Corporate Caution Dominates Response to Trump’s Venezuela Oil Plans

President Trump's bold announcement that American oil companies will invest billions in Venezuela has generated surprisingly little public support from industry leaders. Despite Trump's...

Oil Markets Face Historic Third Consecutive Year of Losses

Energy markets concluded 2025 with a nearly 20% annual decline, marking the most severe yearly drop since the pandemic-stricken year of 2020. The oil...