Economy & Finance

Customers, Don’t Expect Electric Bill Relief In 2026: “The Cake Is Baked” By Robert Walton of UtilityDive, Rising energy demand, inflation, grid investment, extreme weather and volatile fuel costs are increasing the cost of electricity faster than many households can keep up, and there are no easy fixes, experts say. Mitigating the problem would require […]

Iran Says US Carrier Has Retreated Near Yemen, Opening Door To Diplomacy  Iran’s Fars news has said that the US aircraft carrier Abraham Lincoln has retreated near Yemen, opening room for the pursuit of diplomacy in hopes of staving off military confrontation between Washington and Tehran. The report says that the large nuclear-powered carrier had

Disney Names Parks Head Josh D’Amaro As Next CEO, Replacing Bob Iger Walt Disney, after a more than two-year saga, has landed on its next CEO: Josh D’Amaro, head of the company’s theme parks and consumer products division. D’Amaro, 54, will take over the top job at Disney from current CEO Bob Iger, who cumulatively

PayPal Suffers Worst Drop In Four Years After Profit Miss, CEO Set To Exit PayPal shares in New York premarket trading plunged 17%. If the losses hold through the cash session, this would mark the largest decline in four years. The selloff was sparked after the payments company reported adjusted profit and revenue that fell

Futures Rise As Tech Gains On Palantir’s “Cosmic Reward” Stock futures are higher, led by tech, while metals rebound and global markets more than retrace Friday/Monday losses. Only bitcoin continues to slide on laughable fears that Kevin Warsh will somehow shrink the Fed’s balance sheet. As of 8:00am ET, S&P futures are up 0.3% and Nasdaq

A Month Of Shock And Awe: These Were The Best And Worst Performing Assets In January Earlier today, Deutsche Bank’s Henry Allen released his monthly performance review looking at how markets performed in January. As Jim Reid writes, “January managed to both shock and awe in various ways, yet still delivered broad based gains across all

Musk’s X Office In Paris Raided By Cybercrime Unit As Brussels Becomes More Unhinged One week after the European Commission opened a new formal investigation into Elon Musk’s X under the Digital Services Act (DSA) and expanded a separate probe launched in December 2023, X’s Paris office was raided by France’s cybercrime unit as part

Nintendo Profit Misses As Soaring Memory Prices Could Become Major Headache Dark storm clouds have gathered over Nintendo since the start of December, as investor concerns mount over tariffs, rising memory prices, and chatter about soft US holiday sales. The stock in Tokyo remains about one-third below its August peak. Earnings on Tuesday reconfirmed the

Chinese Oil Firms Turn To Iran To Replace Venezuelan Crude Via The Cradle China’s teapot refiners are buying discounted Iranian crude to replace the loss of supplies from Venezuela following Washington’s violent takeover of the South American nation’s oil, Reuters reported Monday. “The drawdown of Iranian oil held in storage is making up for the drop in Venezuelan

Former UK Cabinet Minister Accused Of Leaking Bombshell Financial Data To Epstein Former U.K. Cabinet minister Peter Mandelson – who was fired last September from his new role as ambassador to the United States due to his ties to Jeffrey Epstein – is facing mounting political and legal pressure following disclosures that he may have shared