US Politics & Business News
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…
The International Maritime Organization has paused its Gulf evacuation plan after a container ship was struck by an unknown projectile near the Omani coast. The attacked vessel, flagged in Singapore and owned by shipping giant Evergreen (EGSV), was hit on Thursday in the Gulf of Oman, raising immediate safety concerns. A U.S. official told media…
The buzz around SpaceX and upcoming mega-IPOs from OpenAI and Anthropic has generated breathless commentary, but most of it misses the point entirely. SpaceX stock is simply not a good buy, and when OpenAI and Anthropic eventually come to market, those shares likely won’t be either. That distinction matters enormously, because confusing a bad IPO…
Iran’s Islamic Revolutionary Guard Corps issued a stark warning to global shipowners, declaring any new Hormuz transit route established without Tehran’s coordination “unacceptable and dangerous.” The warning signals Iran’s firm intention to retain operational control over the Strait of Hormuz, one of the world’s most critical energy chokepoints. The IRGC Navy stated that only shipping…
The Federal Reserve’s primary inflation measure surged to its highest reading in nearly three years, adding pressure on policymakers already signaling a tougher stance on rates. The core personal consumption expenditures price index rose at a 3.4% annual rate in May, after climbing 0.3% for the month, both figures landing in line with the Dow…
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The debate over when to claim Social Security benefits remains one of the most consequential financial decisions facing American retirees today. A certified public accountant is sparking conversation by advising clients to take their Social Security benefits as early as possible, at age 62. The earliest eligible age to claim Social Security is 62, though…
The United States is mobilizing disaster relief resources for Venezuela after two powerful earthquakes devastated the country’s northern coast and capital city. President Donald Trump pledged Wednesday to deploy U.S. resources after back-to-back tremors of magnitude 7.2 and 7.5 struck near Venezuela’s northern coast, flattening buildings in Caracas. Trump announced the commitment on Truth Social,…