Iran war: Korean Air to take emergency measures as fuel prices soar
The national flag carrier said it will cut costs as energy prices soar due to the Iran war. Source link
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U.S. crude oil tops $100 as Iran war enters second month
Global oil prices continued their recent climb and the S&P 500 closed lower Monday after a weekend when Iran-backed Houthi militants launched ballistic missiles at Israel and 3,500 additional U.S. troops arrived in the Middle East. The conflict between Iran, the U.S. and Israel has entered its second month, with disruptions to oil and other…
Bessent offers 30% reward to whistleblowers who report COVID relief fraud
Treasury Secretary Scott Bessent joins ‘Fox & Friends’ to discuss the gradual reopening of the Strait of Hormuz and unveils a new fraud crackdown program to expose scams in healthcare and other industries. Treasury Secretary Scott Bessent is offering what could be big money for potentially “hundreds of billions” recouped from fraudsters emboldened during a…
What was the 1970s oil crisis, and are we heading for something worse?
Alicia Garcia Herrero, chief economist for Asia Pacific at Natixis CIB, said while 1970s oil shocks sent prices sky high, they only cut global supply by 5-7%. In contrast, the current crisis affects 20% of the world’s supplies, “dwarfing the 1970s shock”, she said. Source link
Delaware judge reassigns Elon Musk lawsuits amid bias allegations
Sen. Ashley Moody, R-Fla., praises Elon Musk’s offer to pay TSA workers and blasts gridlock affecting essential employees during the shutdown on ‘The Bottom Line.’ A Delaware judge on Monday reassigned several lawsuits involving Elon Musk after lawyers for the Tesla CEO accused her of bias over a LinkedIn post that appeared to mock the…
Exclusive | Unilever Nears Deal to Create $60 Billion Food Giant With McCormick
Hellmann’s mayonnaise-maker’s board met Monday afternoon to review details of the transaction. Source link
10 big problems facing big consumer company stocks: Chart
Packaged goods companies are staring into the abyss of big challenges. “We believe intensifying headwinds and emerging challenges have been building for some time to undermine historical assumptions underpinning the US consumer packaged goods investment case,” warned Deutsche Bank analyst Steve Powers in a new note on Monday. “Some of these dynamics may ultimately prove…
Chick-fil-A offers free ice cream to families who ditch phones at dinner
‘Fox Across America’ radio host Jimmy Failla says there’s not enough ‘shame’ depending on cell phones on ‘Kennedy.’ A Chick-fil-A restaurant is offering families free ice cream if they put away their phones for their entire meal. Complex, an account on X covering culture, posted a photo Sunday showing a sign advertising that the Chick-fil-A…
Analyst warns US could lose conflict if China’s Iran support goes unchecked
Gatestone Institute senior fellow Gordon Chang joins ‘Mornings with Maria’ to warn China’s support for Iran could escalate the conflict and raise risks of a broader global war ahead of President Donald Trump’s Beijing trip. The growing alignment between China, Russia, and Iran raises new concerns about the trajectory of the conflict in the Middle…
Fed Chair Powell sees no threat of private credit ‘contagion,’ says interest rates are in a ‘good place’
Federal Reserve Chair Jerome Powell said Monday that he does not see a risk of contagion in private credit markets at this point that could spread to the wider financial system, though the central bank is watching the situation closely. “We’re looking for connections to the banking system, and things that might, you know, result…