Some Republican lawmakers are calling for a ban on U.S. diesel exports as a way to lower record-high prices. But energy experts warn the move could backfire and drive diesel prices even higher by worsening the global supply crunch. Average diesel costs hit a record $6.53 a gallon on Tuesday, up 77% from a year…
The Federal Reserve did what investors expected on Wednesday by raising interest rates for the first time in three years. Then Chairman Kevin Warsh delivered a surprise — a decidedly hawkish message that opened the door to additional rate hikes as the central bank looks to snuff out stubbornly high inflation. The Fed on Wednesday…
David Sacks, who co-chairs President Trump’s Council of Advisors on Science and Technology, sat down with Jo Ling Kent for an exclusive interview and addressed Mr. Trump’s quashing of the idea that AI could destroy humanity. Source link
David Sacks, a key adviser to President Trump on technology, told CBS News he believes that fears about artificial intelligence’s potential threat to humanity are overblown and that, while caution is warranted, development of AI should continue. “I think this is becoming a panic,” he told CBS News senior business and technology correspondent Jo Ling…
President Trump on Friday said a U.S. deal with Venezuela to tap its oil reserves “will substantially lower Gas Prices for all Americans, long into the future.” With the average U.S. gas price still above $4 a gallon nationwide, American consumers may be wondering if help is on the way. Don’t hold your breath, energy…
Index investing pioneer David Booth has a simple message for people navigating volatile financial markets: Stay calm and keep investing. Booth, a billionaire several times over whose Dimensional Fund Advisors manages $1 trillion, expands on that advice in a new book, “Stay Calm: Learn to Embrace Uncertainty in Investing and Life,” scheduled for publication on Sept….
The language used Monday by Treasury Secretary Scott Bessent as he announced a new raft of sanctions against Iran was apocalyptic. The measures are part of the Trump administration’s plan to use economic pressure to force Iran to capitulate, to bring an end to the nearly six-month war and reopen the Strait of Hormuz. The…
Washington — White House press secretary Karoline Leavitt will be exiting her role at the end of August, switching to a role as a top outside adviser, President Trump announced on Truth Social Wednesday. The president said she’s leaving so she can spend more time with her family. Leavitt had a baby girl, her second…
