Posts by Amelia Frost
Diesel Prices Have Surged Back Toward April’s High. That’s Another Problem For America’s Inflation Fight.
U.S. diesel prices have climbed back toward levels last seen during the early months of the war with Iran, adding fresh pressure to transportation and business costs as disruptions in the Middle East and Russia squeeze global fuel supplies. The nationwide average retail price reached $5.688 a gallon on Wednesday, just below the April peak…
Read MoreHigher Bond Yields Haven’t Broken The Stock Rally Yet. Wall Street Sees The 5% Benchmark As Big Test.
U.S. stocks have continued to climb despite a sharp rise in Treasury yields, but investors are becoming more cautious as the benchmark 10-year yield approaches 5% and the earnings season that helped support the market comes to an end. The 10-year Treasury yield reached about 4.79% this week, up more than 80 basis points since…
Read MoreBig Tech Says AI Can Help Younger Students Learn. New York City Schools Disagree And Are Taking Measures.
New York Mayor Zohran Mamdani confirmed school AI ban. New York City public schools will ban the use of AI for all students below the high school level, according to multiple reports. Politico detailed that the ban will affect 600,000 students in kindergarten through eighth grade. They won’t be allowed to use generative AI. New…
Read MoreBond Yields Continue To Rise. New York Fed President Claims It’s Because Of a Strong Economy.
John Williams, the chair of New York’s Federal Reserve, said climbing treasury yields is a result of a strong economy, not market dysfunction. Speaking to CNBC, Williams claimed that the situation is driven “in large part” by “really a strong U.S. economy and a strong economic outlook fueled by big investments in AI and data…
Read MoreChevron To Invest Billions And Double Oil Production In Venezuela After U.S. Deal
Chevron has announced it will invest some $7 billion in Venezuela to double its oil production in the country following the deal with the U.S. to boost private production. “With improved terms and additional acreage, we are strengthening a portfolio that we believe can deliver attractive low-cost oil growth, support energy supply and create differentiated…
Read MoreLutnick Confirms Trump Admin Is Working On Tariffs On Key Industry For The AI Boom
Commerce Secretary Howard Lutnick confirmed on Wednesday that the Trump administration is working on a framework to impose tariffs on semiconductors. “I think what you’re going to see is targeted, thoughtful tariff policy that basically says if you build here, you don’t pay, but if you don’t build here, expect to pay to enter the…
Read MoreAsia’s Markets Are Starting To Look A Lot Like 1997, HSBC Says. But The Biggest Risk Is Different This Time.
Rising U.S. Treasury yields, a sharply weaker Japanese yen and intense investor enthusiasm around a new technology boom are giving markets an uncomfortable resemblance to the period before the 1997 Asian financial crisis, HSBC said. However, it noted that the region’s main vulnerability has changed dramatically since then. HSBC chief economist Frederick Neumann pointed to…
Read MoreTrump Says Venezuela Oil Deal Will Lower Gas Prices. Industry Experts Say It Wouldn’t Happen Quickly.
President Donald Trump is promoting his sweeping new oil agreement with Venezuela as a deal that could lower gasoline prices, but oil executives and energy analysts warn that the benefits Trump is promising American consumers are unlikely to arrive anytime soon. According to a new Washington Post report, the biggest obstacle is that while Venezuela…
Read More5 Must-Have POS Features Every Pool Supply Store Owner Needs
Ask any pool supply store owner what the toughest part of the job is, and chemicals and equipment rarely come up first. It’s keeping track of everything at once. Shock treatment running low, a pump part someone special-ordered three weeks ago, a regular customer who always asks about her filter warranty. A basic cash register…
Read MoreChinese Shipping Giant COSCO Accused of Spying for Beijing. U.S. Officials Say Ships Used Concealed Equipment.
China‘s state-owned shipping giant COSCO has allegedly used concealed surveillance equipment aboard commercial vessels to collect intelligence for Beijing, including information about military communications near the coastlines of the United States and other countries. Two senior Trump administration officials exclusively told Reuters that COSCO has maintained an intelligence-gathering relationship with the Chinese government for decades.…
Read MoreNot Taking AI Seriously Could Lead To a Catastrophe, U.S. House Panel Warns
A failure of imagination regarding threats posed by AI and emerging technologies could lead to another disaster with an impact akin to that of 9/11, a report by the House Permanent Select Committee on Intelligence claimed. “The 9/11 Commission famously concluded that the attacks revealed a failure of imagination. The government’s inability to take seriously…
Read MoreMexican Drug Cartel Sought To Buy Weapons And Pay For Them With Meth, Fentanyl
A Mexican drug cartel tried to use fentanyl and methamphetamine to acquire a slew of weapons from Europe, the U.S. Justice Department alleges in an unsealed indictment. Factions of the Jalisco New Generation cartel, known by its Spanish acronym CJNG, allegedly attempted to buy the weapons from the Czech Republic and were arrested in June.…
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