Business
Oil drops below $100 a barrel for the first time since May
West Texas Intermediate crude oil dropped by nearly 10 percent on Tuesday, coming in at $98 per barrel, the lowest since May 11.
Business
The Latest
Business
France seeks oil independence from Russia with sanctions-hit Venezuela and Iran
The French government’s hopes come amidst the continued the Kremlin’s illegal invasion of Ukraine which has caused a shortage or energy options and a spike in prices. Republicans are opposed to U.S. negotiations with both countries and are pushing U.S. options instead.
Business
Companies vowing to reimburse employees for out-of-state abortions expected to face legal action
The announcements come on the heels of the Supreme Court’s decision overturning Roe v. Wade
Business
Cuban regime acolytes rush to register MSME businesses after ease of Trump-era sanctions
Several MSMEs such as TL38 SURL and 25MN SURL were registered by members of the regime's inner circle and by those with close links to state-owned companies such as the exporter Alcona S.A. headed by Loretta García, the daughter of Gen. Guillermo García Frías.
Business
Federal Reserve Chairman Jerome Powell says 'inflation was high before' Putin's Ukraine invasion
The chairman of the Federal Reserve told a Senate hearing on Thursday that “inflation was high before” Russian President Vladimir Putin’s invasion of Ukraine, where President Joe Biden has doggedly attempt to deflect the blame for high prices
Business
Kraft Macaroni and Cheese is changing its name and image
The makeover comes as Kraft is trying to rebrand its mac & cheese as “comfort food”
Business
American Airlines cuts flights due to pilot shortage
The cuts are being made through American’s regional carrier Envoy Air
Business
Maricopa County lowers property taxes to stimulate Arizona economy
Maricopa County’s final 2023 budget lowers the property tax rate to 1.25% in hopes of stimulating the increasingly unaffordable housing market
Business
Russians find creative ways around sanctions to watch Netflix, play online games
Russians who have been largely cut off from Western online entertainment by sanctions are jumping through new hoops to get their fix of foreign TV shows and video games
Business
Arizona unemployment in May remains low
Unemployment for Arizona has remained at 3.2% for the month of May, following April’s trends. In contrast to the country as a whole, which is at 3.6% unemployment, Arizona is doing slightly better than average.