Economy

Strait of Hormuz Traffic Falls to Lowest Since May After Tanker Strikes

Shipping traffic through the Strait of Hormuz has fallen to an average of just 10 commodity vessels per day, its lowest level since May,...

Trump Meets Oil Executives on Gas Prices as Iran Conflict Pushes Oil Higher

President Trump met with executives from oil and gas companies at the White House on Tuesday to discuss ways to lower American gas prices,...

Trump’s “Biggest Oil Deal in History” Won’t Lower Gas Prices Soon, Experts Say

President Trump announced Friday that the United States has secured majority control of more than 65 billion barrels of...

US Trade Deficit Hits Widest Level Since Early 2025 on AI Import Surge

America's goods trade deficit widened to $118.8 billion in July, its largest gap since early 2025, according to Commerce...

Nvidia’s Blowout Earnings Fuel a Fresh Tech Rally on Wall Street

Nvidia's latest quarterly results sparked a broad technology sector rally on Wall Street this week, with the chipmaker reporting...

Canada Hits Back With Tariffs on 700 US Goods as Trade War Deepens

Canada announced retaliatory tariffs Tuesday on more than 700 American goods worth roughly $20 billion, matching US measures "dollar...

Trump Vows More Tariffs on Canada After Trade Talks Collapse

President Trump promised additional tariffs on Canada on Monday, days after negotiations between the two countries collapsed and triggered...

Why Wall Street Just Had Its Roughest Week Since July Despite Friday’s Rally

US stocks rebounded Friday to close out a turbulent week, but all three major indexes still posted their first...