Business

Oil Prices Drop by 7 Percent as Market’s Iran Fear Factor Fades

Crude oil prices plummeted by more than 7% as investors were optimistic that Iran’s limited retaliation could lead to a de-escalation in the Middle East.

Walmart, Target Announce Summer Sales Overlapping With Prime Day

Walmart and Target announced upcoming summer savings programs to attract loyal and budget-conscious customers that will to overlap with Amazon’s Prime Day.
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Tesla Shares Jump More Than 8 Percent After Robotaxi Launch

Tesla shares closed up by more than 8% after the electric vehicle pioneer launched its highly anticipated driverless taxi service for a select group of riders.

General Mills Announces Removal of Synthetic Food Dyes, Starting With Cereals

General Mills, which owns a wide range of snack and baked products in the US, announced plans to remove food colors from all its products, in a statement.

US Stocks Soar, Oil Prices Plunge as Market Fears of Israel–Iran Conflict Spreading Fade: Analyst

U.S. stocks surged at start of trading week, rebounding from Friday’s selloff sparked by geopolitical tensions following Israel’s attack on Iran.

GM Announces $4 Billion Investment to Make More Gas-Powered Vehicles

GM is investing $4 billion in U.S. manufacturing to expand production of internal combustion engine vehicles amid slow electric vehicle sales.

New York Fed Reports Drop in Consumer Inflation Concerns, Positive Shift in Job Market

Stabilizing trade policy appears to have alleviated U.S. consumers’ concerns over inflation and the labor market, according to data from NY Federal Reserve.

Nearly 30-Year-Old Capital Gains Tax Exemption Rules Blamed for US Housing Shortage

Real estate professionals are drawing attention to a 28-year-old capital gains tax law as one factor contributing to the nationwide housing shortage.