Money & The Economy
Little-Known Green Law Becoming Thorn In Side Of Businesses
A sweeping Oregon recycling law is facing a federal legal challenge from businesses that warn the state’s environmental regulations could impose new costs on companies and consumers across the country.Oregon’s Plastic…
Trump’s Diesel Deal Could Buy Some Time But Leaves The Long-Term Problem Unaddressed
Diesel prices are undeniably a national headache in the United States in general and for the Trump administration in particular.Recent American Automobile Association (AAA) average prices of about $6.28/gallon are roughly…
California’s High-Price Petroleum Virus May Spread Across The West, Analyst Says
California’s troubled refineries threaten to spread a diesel price virus hitting drivers and businesses across the West, an analyst warns.Wholesale diesel prices in Los Angeles and San Francisco have reached record highs,…
Inflation Jumps Higher In Final Report Before Midterm Elections
Inflation accelerated in September as surging gasoline prices drove consumer costs higher, delivering another blow to Republicans’ chances to retain both the House and Senate in November’s election.The Consumer Price Index…
America’s Housing Market Shows Cracks As Foreclosures Rise And Buyers Retreat
America’s housing market was showing growing signs of distress as home sales plunged toward decade-old lows, foreclosures climbed and soaring mortgage rates squeezed buyers and homeowners alike.Pending home sales fell 4% in…
Trump’s Diesel Deal With Putin Runs Into The Ban Congress Passed On Russian Energy
A group of four Republican and two Democratic senators are saying that President Donald Trump’s plan to import Russian diesel breaks a 2022 law that bans Russian energy imports.The Treasury Department issued a license Friday…
Bankruptcy Comes For American Trucking Companies As Diesel Prices Skyrocket: ‘They’re Killing Me’
America’s trucking industry is buckling under mounting financial pressure, with at least 16 transportation companies filing for bankruptcy in less than a month as the Iran war drives diesel prices higher.The companies entered…
America’s Bid To Loosen China’s Cobalt Grip Comes With A Green Card Attached
An Arizona refinery challenging China’s cobalt dominance offers foreign investors a path to U.S. green cards while still barring Chinese nationals from participating.U.S. Citizenship and Immigration Services (USCIS) approved…
Record $80,000,000 Shipping Bills Are Pricing American Oil Out Of Asia
Record tanker rates have made American crude too expensive for Asian refiners, who are turning to Middle Eastern and South American oil instead.Chartering a supertanker to haul two million barrels of U.S. crude from the Gulf…
Trump Says Russia Will Ship Millions Of Tons Of Diesel To Bring Down Record Prices
President Donald Trump said Friday that Russia agreed to put millions of tons of diesel on the American and global markets as diesel prices sit near record highs.Trump wrote in a Truth Social post after a call with Russian…
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