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Business & Economy

US Rushes to Fill Global Oil Supply Gap as Exports Reach Record High

, and on May 6, 2026

For the first time in history, America became a net oil exporter in a single week — yet the national average gas price sits at $4.54 and may be headed toward a $5-a-gallon record.

Trump Says Gas Prices Will Come ‘Crashing Down’ after Iran War

and on May 6, 2026

National gas prices jumped 30 cents in a week to $4.48 as U.S.-Iran naval conflict in the Strait of Hormuz threatens a quarter of global oil supply.

5 Things American Car Companies Can Learn From Chinese Automakers

on May 4, 2026

American new cars now cost $50,000. Chinese EVs sell for $11,000. Here’s what Detroit refuses to admit.

Is Tesla’s Pivot to Robotics Coming at the Cost of Its Car Business?

and on May 3, 2026

Tesla produced 50,000 more EVs than it sold in Q1 2026, and analysts warn that Elon Musk’s robotics bet may be leaving the core car business behind.

Trump Made ‘Significant Effort’ to Avoid Spirit Airlines Shutdown

and on May 2, 2026

Transportation Secretary Duffy revealed Trump was ‘like a dog on a bone’ to save Spirit, but a $500 million bailout fell apart over creditor disputes.

UPS and FedEx Vow to Return Tariff Refunds to Customers

and on May 1, 2026

UPS collected roughly $5 billion in tariffs from customers and has pledged to start issuing refunds, with the federal government’s first payout round expected on or about May 11.

Walmart Opens $350M Milk Facility in Texas That Will Create 400 Jobs

and on May 1, 2026

Walmart’s new Robinson, Texas plant — its third owned dairy facility — will supply fresher, affordable milk to customers at more than 650 stores across the South-Central U.S.

Trump Threatens European Union with 25% Tariffs on Cars

and on May 1, 2026

Trump’s threat to impose 25% tariffs on European cars next week signals new trade turbulence that could push already-high vehicle prices even higher for American buyers.

Will Gas Prices Drop This Year? Here’s What Experts Are Saying

, and on April 30, 2026

The national average just hit $4.30 a gallon — up from $3.18 a year ago — and experts warn there may be no real relief until 2027.

U.S. Economic Growth Rebounds in First Quarter of 2026

and on April 30, 2026

GDP grew 2% annualized in Q1 2026 — better than last year’s contraction but below forecasts — as surging energy prices from the Iran war cloud the outlook.

Gas Prices May Soon Average $4.50 per Gallon, One Analyst Predicts

and on April 29, 2026

GasBuddy’s head of petroleum analysis warns that national gas prices, already at $4.23 a gallon, could spike to $4.50 as U.S.-Iran tensions drive oil markets higher.

America Barely Uses OPEC Oil. Why Are Gas Prices So High?

and on April 29, 2026

Even though the U.S. barely imports Middle Eastern oil, gas hit $4.18 a gallon — here’s why a distant war still hits your wallet directly.

Are You Worse Off Financially Today? More Americans Say Yes. Here’s Why

, , , and on April 29, 2026

More than half of Americans say their finances are getting worse — matching gloomy levels last seen during the Great Recession — as gas, housing, and healthcare costs hit simultaneously.

Nebraska Says Medicaid Work Mandate Is Ready. Those Affected Aren’t So Optimistic

and on April 29, 2026

Nebraska is the first state to require Medicaid enrollees to work, train, or attend school — and advocates fear thousands will lose coverage through paperwork errors alone.

General Motors Highlights $500M Tariff Refund in Q1 Earnings

and on April 28, 2026

The Supreme Court’s tariff ruling handed GM a $500M refund — but the automaker still absorbed $900M in tariff costs during the first quarter of 2026.

Forecast for Your Budget: More Pain at the Pump as Gas Prices Levitate

and on April 28, 2026

Regular gas hit $4.18 a gallon, the highest in four years, and analysts warn prices could reach $4.30 soon as U.S.-Iran peace talks remain at an impasse.

No Fed Rate Move Expected as Powell-Warsh Shift Looms. What to Know

and on April 27, 2026

With inflation at 3.3% and the Iran war adding price pressure, the Fed is widely expected to hold rates at 3.5%–3.75% when it meets April 29 — while attention turns to Jerome Powell’s likely final news conference as chair.

Justice Department Ends Investigation into Fed Chair Jerome Powell

and on April 24, 2026

The probe into billions in construction cost overruns at the Fed’s D.C. headquarters had been blocking Kevin Warsh’s path to the chair — now the Inspector General takes over.

Meta Set to Lay Off 10% of Its Staff as It Pushes for AI

and on April 23, 2026

The May 20 pink slips are just the first wave — Meta is targeting a 20% total headcount reduction from its 78,865-person global workforce as it races to catch up with Google and OpenAI in AI.

White House to Announce Drug Pricing Deal with Regeneron

, and on April 23, 2026

Regeneron becomes the last of 17 major drugmakers to sign on, but the secret terms and cash-only focus leave millions of insured Americans wondering what — if anything — changes for them.

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