President Donald Trump expressed frustration Tuesday with allies who have been unwilling to do more to support the U.S. war effort, telling them to “go get your own oil” as the conflict with Iran and its closure of the Strait of Hormuz sent average…
Credit delinquency rates are on the rise in states that have legalized sports betting, and it’s impacting Gen Z and millennials the most. A new working paper from the Federal Reserve Bank of New York found after sports betting was…
Bernard Looney, whose tenure as CEO of BP ended with him embattled in controversy, is entering the AI age as the new CEO of Wyoming-based Prometheus Hyperscale, leading a bevy of data center campus developments in the Cowboy State as…
As Donald Trump searches for an exit to the Iran war, the narrow Strait of Hormuz increasingly looks like a labyrinth in which the commander-in-chief has no good options. Any ceasefire or U.S. disengagement that cedes control of the strait…
As the bell rang out over the New York Stock Exchange on Tuesday afternoon, it was an unusually beautiful day: 71 degrees, sun pouring on the faces of people swarming through the city. After the brutal cold of winter, it…
Forget the Fed. Forget nonfarm employment. Forget even industrial production and real income. For Jim Paulsen, the real recession indicator is watching Walmart. Paulsen, the former chief investment strategist at investment research firm Leuthold Group, devised an indicator he dubs…
We’ve all been there: in a work meeting, trying to stop our eyes from glazing over as a colleague spews an endless monologue about “leveraging the company’s adaptive strategy to optimize our value and reinvigorate our operations.” That incomprehensible, buzzword-heavy…
The Bureau of Labor Statistics reported Tuesday the hiring rate fell to 3.1% in February, with just 4.8 million hires, the lowest since April 2020. Job openings dropped to 6.9 million, down 358,000 from January. The quits rate held at…
Tiger Woods’ eyes were bloodshot and glassy, his pupils dilated and he had hydrocodone pills in his pocket when interviewed at the scene of his car crash last week in Florida, according to a sheriff’s office report released Tuesday. Woods’ movements were slow…
Silicon Valley’s startup culture has long sold itself on alluring perks: cold brew on tap, nap pods tucked between standing desks, and even free slippers for their “no-shoes” offices. The pitch was simple: work hard, but live well while building…