Americans have spent an estimated $33 billion more in gas since the Iran war started. According to an NBC News analysis, drivers who fill up twice a month paid anywhere from $20 to $300 more for gas.
Category Archives: business
Some Latino business owners in Texas regret Trump votes heading into midterms
Some Latino Trump voters in southern Texas discuss buyer’s remorse after helping flip the area red, with business owners concerned about the president’s economy and immigration policies. NBC News’ Valerie Castro reports ahead of the midterms.
Bill that would mandate AI chip location tracking gains industry support
Half a dozen companies came out in support of the Chips Security Act, which would require location-tracking mechanisms for America’s most advanced computing chips
Cheaper borrowing costs are out of reach for now. Trump’s Fed chair wants to change that.
Interest rates could go up by the end of the summer, but lower borrowing costs could be on the horizon by year-end.
Gas prices fall below $4 for the first time since March
Gas prices fell below $4 per gallon for the first time since March after more than three months of elevated prices as a result of the Iran war.
Americans see a huge divide between haves and have-nots, new poll shows
A national NBC News poll finds 81% of Americans say there is more that divides than unites the wealthy and ordinary working people.
Critical oil storage hubs hit decades-low levels with no relief in sight
Crude oil stockpiles across the country continued to plunge this week, as the U.S. tapped backup supplies of energy products to help keep gas prices down.
Fed holds interest rates steady as Trump’s new chairman faces fresh inflation woes
Rising inflation and new Federal Reserve chairman Kevin Warsh take the stage as the central bank decides on the path forward for interest rates.
Pizza Hut’s strange new private equity bedfellows: 24 Hour Fitness and a ‘deathcare’ firm
It may seem like an unlikely combination: Pizza Hut, 24 Hour Fitness and a funeral casket and urn maker.
The fight to stop a Hollywood megamerger is far from over
The Justice Department approved the tie-up between Paramount Skydance and Warner Bros. Discovery, but states can still sue to block it.