Posts by Amelia Frost
U.S. Has Resumed Bombing Iran. Most Americans Don’t See An End In Sight To Conflict
Vehicles drive past a large billboard reading “The Strait of Hormuz remains closed.” ATTA KENARE / AFP via Getty Images A new survey has found that four in five Americans expect the U.S. war with Iran to continue for an extended time despite repeated attempts at ceasefires and peace deals. The Reuters/Ipsos poll was completed…
Read MoreThe EV Market Was Struggling. Then Gas Prices Changed Everything
After more than a year of slowing demand, the U.S. electric vehicle market is showing signs of stabilizing as rising gasoline prices push more consumers to consider battery-powered cars and hybrids. New data from Cox Automotive shows EV sales rebounded during the second quarter of 2026, suggesting the industry’s prolonged downturn may be easing even…
Read MoreMeta Has Fired Thousands Of Employees. A New Lawsuit Accuses It Of Using AI To target Workers With Medical Conditions
More than two dozen workers of Meta have sued the company over the alleged use of AI to target workers with medical conditions for layoffs as it sheds thousands of jobs. The suit claims that Meta relied on factors like productivity and AI token usage when deciding who to lay off earlier this year. This…
Read MoreTrump Gives Up Plan To Charge For Hormuz Strait Passage. Oil Is Giving Up Gains
Oil is giving up gains after President Donald Trump said he would scrap the plan to charge for passage through the Strait of Hormuz. “Based on highly productive conversations with Middle East leadership, I have decided to replace the 20% United States Reimbursement Fee with Trade and Investment Deals that the various Gulf States will…
Read MorePresident Anticipated a Prime Time Address On Thursday. It Will Reportedly Be About The 2020 Election
President Trump plans to address the nation Thursday with a new theory about why he lost the 2020 election, according to a new report. Trump announced on a Truth Social post that he planned to address the nation Thursday at 9 p.m. EST. CNBC, citing a report on MS NOW, said the speech will be…
Read MoreNew York Has Put The Brakes On AI Data Centers. It’s The First State To Order A Construction Pause.
New York has become the first U.S. state to temporarily halt construction of large new data centers, marking a significant shift in how states are responding to the rapid expansion of infrastructure supporting artificial intelligence. The decision comes as electricity demand from AI-related computing continues to climb across the United States at a time when…
Read MoreTensions Between The U.S. And Iran Keep Climbing. Trump Has Now Vowed To Target a Key Facility
President Donald Trump said the U.S. will “take out” Iran’s Pickaxe Mountain, which houses compounds believed to be able to resist the country’s most powerful bunker buster bombs. Speaking on the Hugh Hewitt Show, Trump said that Iranians should be “ready” for an attack against the compound. “We see no activity there. They’re not doing…
Read MoreInflation Rose Less Than Expected In June As Energy Prices Eased. New Clashes With Iran Could Jeopardize The Trend
Inflation rose below expectations in June as energy prices eased. However, they have been rising over the past days as tensions between the U.S. and Iran rise again. Concretely, consumer prices rose 3.5%, compared to analysts’ expectations of 3.8%. CNBC noted that prices saw their biggest decline in more than six years as energy prices…
Read MoreIBM’s Second-Quarter Results Fell Short Of Expectations. Its Shares Are Plummeting
International Business Machines’ shares plummeted on Tuesday after the company’s preliminary second-quarter results fell short of expectations. They were falling more than 20% in premarket trading. CNBC noted that the company reported adjusted earnings of $2.93 per share on a $17.2 billion revenue. Analysts expected the former figure to be $3.01 and the latter $17.86…
Read MoreInflation Is Still Above Target. Fed Governor Christopher Waller Says Rate Hikes Could Still Be Coming
Federal Reserve Governor Christopher Waller said Monday that the U.S. central bank should avoid overreacting to inflation based on the mistakes of the past, while making clear that interest rate increases remain on the table if price pressures fail to ease. Speaking at the New York Association for Business Economics ahead of the release of…
Read MoreVolkswagen is Fighting Rising Costs and Global Competition. Its CEO Says 100,000 People Could Be Laid Off To Reorganize
Volkswagen CEO Oliver Blume has warned employees that the German automotive giant may need to eliminate roughly 50,000 additional jobs on top of previously announced workforce reductions, underscoring the scale of the company’s effort to restore profitability as it grapples with mounting costs, global competition and trade pressures. According to an internal memo seen by…
Read MoreWall Street Poised For Strong Q2 Earnings As SpaceX IPO, Market Volatility Drive Growth
Wall Street’s biggest lenders are expected to report strong second-quarter earnings this week, driven by a surge in investment banking activity, elevated trading revenue and signs of a long-awaited recovery in commercial lending. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and Goldman Sachs are scheduled to report earnings Tuesday, followed by Morgan Stanley on…
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