When the news this week came out about oil spiking back up above $100 a barrel, analysts didn’t seem to be too concerned. This may be unusual: in the past, oil price surges sent shockwaves through markets and the economy, causing long lines at gas stations and frustrating drivers. But this time, economists say $100
Donald Trump has a message for voters: they’re wrong. And he has a solution for the AI doomsday panic: just trust him, bro. “The only control or ‘guardrails’ that AI needs is a STRONG AND SMART (High IQ!) PRESIDENT,” Trump wrote on Truth Social, calling out Anthropic CEO Dario Amodei by name while warning of
If you thought last year’s national debt numbers were chilling, you haven’t seen anything yet. In the second week of August, the CBO released its Monthly Budget Review giving year-to-date totals, calculated through July, for federal FY 2026, ending September 30. For the first 10 months of fiscal 2026, Washington’s carrying costs grew an astounding
Futures are mixed ahead of a big week for major retailers as new questions emerge about the state of the U.S. consumer, a major engine powering the American economy. The S&P 500 edged 0.1% higher, while Dow Jones Industrial Average futures slipped 0.2%. Nasdaq futures gained 0.5%. U.S. stocks hit an all-time high last week despite some
Gubba does not see much separation between the life she shares online and the business she has built around it. On social media, she teaches followers about food storage and homesteading. Her audience can also buy a homesteading guide, take her food-storage course or shop at Arvoti, the skincare company she launched after creating a
American companies are approaching what one top economist is calling a “Cortés moment” on artificial intelligence—a point of irreversible commitment that could reshape the U.S. labor market in ways not yet visible in the data, but coming fast. Mark Zandi, chief economist at Moody’s Analytics, invoked the Spanish conquistador Hernán Cortés— who burned his boats
