Business News

One consumer’s experience at Walgreens has thrown a sharp spotlight on the staggering gap between insurance prices and prescription discount tools. The shopper needed to fill a 90-day supply of a generic drug that was not covered under their existing insurance plan. When they approached the pharmacy counter, Walgreens quoted a price of $618 for…

Last year, a reader wrote in responding to a prior column about whether Americans should claim Social Security early, citing widespread concerns about the program’s long-term solvency. The reader referenced multiple reports suggesting Social Security could run out of money by 2032, a timeline that has prompted many Americans to consider claiming benefits as soon…

The smart glasses market is accelerating rapidly, with shipments expected to exceed 10 million units in 2025 as major tech companies pour resources into the category. Tech giants have chased the smart glasses dream for over a decade, but early efforts like Google Glass sacrificed style for technology, leaving consumers unimpressed and unwilling to wear…

Federal Reserve Chairman Kevin Warsh is sending a clear message to financial markets: the fight against inflation is not over, and rate cuts are not coming soon. Warsh’s hawkish tone reverberated across trading floors, with bond investors rapidly repricing expectations for central bank policy in the months ahead. A widely held narrative that Warsh was…

SpaceX raised $25 billion in a debt sale less than two weeks after its record initial public offering sent shockwaves through global markets. The company had initially signaled plans to raise $20 billion through a senior unsecured notes offering, but surging demand pushed the final figure to $25 billion. SpaceX received nearly $90 billion worth…

The AI sector endured its most significant correction of 2026 in June, with the Nasdaq Composite plunging more than 4% in a single session. Semiconductor stocks shed more than $1.3 trillion in combined market value during the brutal stretch, rattling investors who had grown accustomed to relentless AI-driven gains. The downturn was primarily triggered by…

Brent crude futures settled down 4.34% at $71.99 a barrel on Friday, while U.S. West Texas Intermediate futures dropped 3.74% to close at $69.23 a barrel. For the week, Brent crude fell nearly 10% and WTI declined roughly 8.5%, marking another sharp losing stretch for global oil benchmarks. An initial accord to end the U.S.-Israeli…

Uber (UBER) is quietly committing $500 million to secure robotaxi supply, making it the biggest spender in autonomous vehicles despite manufacturing nothing itself. Tesla (TSLA) had pledged to launch unsupervised robotaxi service in Phoenix, Las Vegas, Miami, Orlando, and Tampa during the first half of 2026, but none of those markets have entered service. Tesla’s…

Shipping traffic through the Strait of Hormuz is recovering one week after the United States and Iran signed an interim peace deal to reopen the critical waterway. Between June 15 and 21, 125 transits were recorded through the strait, marking the highest weekly total since the war began in late February. Tankers have been rushing…

Iraq threatened to leave OPEC if it is not permitted to produce oil more freely, following the UAE’s formal departure from the group on May 1. The threat marks a potential tipping point for an organization that has spent much of 2026 struggling to manage a global oil market upended by conflict. Iraq is the…