Repairs to energy-linked infrastructure in the Middle East could cost up to $58 billion, with $50 billion in oil and gas-related repairs alone, the energy consultancy Rystad Energy said Wednesday morning.
In the seven weeks thus far of the so-called third Gulf war, air strikes and drones have damaged refineries,
A big concern for many investors heading into this year was the potential for a market crash. With high valuations and economic uncertainty weighing on the market, the conditions may have appeared to be ripe for a significant downturn, especially given how hot the S&P 500 has been in recent years; it has generated above-average returns since 2023.
Dividend stocks may not be flashy investments, but they can be dependable ones, particularly if you’re worried about the market. They can generate recurring income for your portfolio and help boost your overall returns, which can be important in a downturn.
Three stocks that can be compelling options for investors today are AbbVie (ABBV 0.85%),
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XX-XY Athletics founder Jennifer Sey on why major brands are backing away from diversity-branded programs.
The White House released a study on Monday that found diversity, equity and inclusion (DEI) policies hinder productivity by leading to inefficient management that undercuts economic growth.
World finance ministers meeting in Washington have been voicing their anger and frustration at the US because of the financial strains being placed on the global economy caused by its military offensive in the Middle East. Rachel Reeves from the UK described the US-Israeli war with Iran as ‘folly’ while France’s finance minister Roland Lescure called for renewed efforts to unblock the Strait of Hormuz.
» Read more about: Pressure on US to ease global economic pain »
Federal Reserve Bank of Cleveland President Beth Hammack joins ‘Squawk Box’
Social Security is one of the most important senior benefits today. And without it, millions of older Americans would most likely struggle to make ends meet.
The problem is that Social Security is facing a massive funding shortfall. The program’s Old-Age and Survivors Insurance (OASI) Trust Fund, which pays retirement benefits,
WASHINGTON (AP) — Federal prosecutors made an unannounced visit this week to a construction site at Federal Reserve headquarters that is the focus of an investigation into a $2.5 billion renovation project, according to two people familiar with the visit.
Two prosecutors and an investigator from U.S. Attorney Jeanine Pirro’s office were turned away on Tuesday by a building contractor and referred to Fed attorneys,
NEW YORK (AP) — U.S. stocks are flirting with a record Wednesday following their big rally over the last two weeks as hopes built that the global economy can avoid a worst-case scenario because of the U.S.-Iran war.
The S&P 500 rose 0.1% in morning trading and at one point was on track to eclipse its all-time high set in January.
» Read more about: Wall Street flirts with a record after its big rally the last 2 weeks »
The competition between OpenAI (OPAI.PVT) and Anthropic (ANTH.PVT) doesn’t appear to be cooling off.
In a memo to staff published by The Verge, OpenAI’s chief revenue officer Denise Dresser outlined a number of priorities for the company’s sales org this quarter,