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Global Oil Prices Surge Amid Rising Tensions Between Israel and Iran

Global Oil Prices Surge Amid Rising Tensions Between Israel and Iran

BUSINESS - 6/13/2025

Global oil prices have surged over 10% after Israel's military actions against Iran, raising concerns about potential supply disruptions in the Middle East. Analysts warn that escalating tensions could lead to significant impacts on global energy markets.

Walmart Faces Pressure: Can They Absorb Trump's Tariffs Without Raising Prices?

Walmart Faces Pressure: Can They Absorb Trump's Tariffs Without Raising Prices?

BUSINESS - 5/19/2025

Treasury Secretary Scott Bessent states Walmart may have to raise prices due to Trump's tariffs, despite the President's warnings to avoid doing so. As inflation concerns linger, Bessent downplays the impact on consumers.

Treasury Secretary Dismisses Inflation Fears Amid Trump Tariff Talks

Treasury Secretary Dismisses Inflation Fears Amid Trump Tariff Talks

BUSINESS - 5/18/2025

In a recent interview, Treasury Secretary Scott Bessent downplayed inflation fears linked to Trump’s tariffs, emphasizing Walmart’s ability to absorb costs. He praised strategic uncertainty in trade negotiations while addressing concerns over rising consumer prices.

Trump's Tariff Exemption: A Boon for U.S. Oil Industry

Trump's Tariff Exemption: A Boon for U.S. Oil Industry

BUSINESS - 4/2/2025

In a surprising move, President Trump has exempted oil, gas, and refined products from new tariffs, sparking relief among U.S. oil producers worried about rising costs and disrupted supplies.

Trump Unleashes 25% Tariff on Countries Buying Venezuelan Oil

Trump Unleashes 25% Tariff on Countries Buying Venezuelan Oil

BUSINESS - 3/24/2025

In a bold move, President Trump announces a 25% tariff on countries purchasing oil from Venezuela, effective April 2. This decision is linked to concerns over violent immigration from Venezuela, impacting global oil markets as prices surge.

Retail Sales Show Resilience Amid Economic Concerns

Retail Sales Show Resilience Amid Economic Concerns

BUSINESS - 3/17/2025

In a surprising turn, retail sales rose 0.2% in February despite inflation worries, showcasing consumer resilience. Key sectors like online retail and personal care saw growth, but bars and gas stations faced declines.

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