In an aerial view, Marathon Petroleum Corp’s Los Angeles Refinery, one of the largest oil refineries in the North America, operates as gas prices rocket upward due to worldwide oil supply disruptions caused by the U.S. and Israeli attack on Iran, on March 10, 2026 in Carson, California. David McNew | Getty Images Plans to…
Kate Wieser | Moment | Getty Images Elevated oil prices may push up inflation in the coming months, which could lead to higher estimates for the 2027 Social Security cost-of-living adjustment. “Geo/political tensions are driving up the price of oil right now which will continue to drive up my estimates of the COLA,” Mary Johnson,…
Nike is still worth a spot in the Club’s portfolio, even though the stock hasn’t done a whole lot of winning lately. “It’s a fraction of what it used to be worth, but it’s still a great company,” Jim Cramer said during Wednesday’s Morning Meeting . “So I think that it’s one that you have to…
Historically, college graduates have tended to find jobs faster and experience lower unemployment than workers without a degree. But recent data suggests it’s now harder to find a job that fits your skill set once you graduate. According to the Federal Reserve of New York, 42.5% of recent college graduates (aged 22 to 27 with…
A technician gets cabling out of his truck to install Google Fiber. George Frey | Reuters Google said its fiber internet unit called GFiber is combining with Astound Broadband and forming an independent provider, with Google remaining as a minority shareholder. The new company will be majority owned by investment firm Stonepeak and led by…
President Donald Trump will decide whether the U.S. participates in the historic release of oil reserves by the International Energy Agency to address the supply disruption triggered by the Iran war, Interior Secretary Doug Burgum told CNBC on Wednesday. “I think what you’re hearing out of the IEA today is reasonable on their part, but…
Mike Cannon-Brookes, co-founder and CEO of Atlassian, speaks at the National Electrical Vehicle Summit in Canberra, Australia, on Aug. 19, 2022. Cannon-Brookes is urging Australia to show more ambition on climate action, even as the new government legislates plans to strengthen the country’s carbon emissions cuts. Hilary Wardhaugh | Bloomberg | Getty Images Atlassian said…
The Strategic Petroleum Reserve (SPR) Bryan Mound storage facility located in Brazoria County, Texas, is one of four sites that make up the country’s oil reserve. Str New | Reuters President Donald Trump said Wednesday that he will tap the Strategic Petroleum Reserve to help lower energy costs during the Iran war. “We’ll do that,…
Investors who want to protect against artificial intelligence disruption may want to consider securitized products, including asset-backed securities, according to Nuveen’s Nicholas Travaglino. AI fears, along with rising oil prices and the Iran war , have rattled the market this year. While fixed-income investors haven’t necessarily looked for a refuge from the AI threat ,…
The U.S. Treasury Department building in Washington. Saul Loeb | Afp | Getty Images The U.S. budget deficit surpassed $1 trillion for the fiscal year through February but was sharply lower than the same period a year earlier, Treasury Department data showed Wednesday. Outlays exceeded receipts by $308 billion in February, roughly in line with…
