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The jump was a sign of growing concern that the war in the Middle East will take a toll on energy supplies.
| Keywords | oiloil-pricesenergymiddle-eastgeopoliticsiranenergy-marketscommoditieswtibrent-crudeeconomyenergy-crisisglobal-marketssupply-chainconflictinflationfinancemacroeconomicspetroleumfuel-costs |
The device that emitted smoke during a protest near Gracie Mansion Saturday was designed to be deadly, people with knowledge of the investigation said.
| Keywords | bomb-attackterrorist-threatemergencygracie-mansionnycdeviceexplosivesinvestigationprotestradicalismred-green-axiscriminal-activityterrorism-investigationnew-york-citypublic-safety |
Oil prices on Sunday crossed into triple digits for the first time since 2022 — a stark sign of how the Iran war is throttling global supplies and raising consumers costs. Why it matters: The psychologically important $100-a-barrel mark is going to increase pain for consumers, many of whom don't support the war and didn't have any real warning that it was coming. - It's also a political setback for President Trump , who has relished in touting lower gasoline prices on his watch. Driving the news: The global benchmark Brent crude was trading Sunday evening at $101.81, while WTI, the main U.S. metric, was at $101.56. Friction point: U.S. drivers are already feeling the effects of crude prices that have now climbed more than 30% since…
It’s more than the Jeep Wave: Miatas can wink with their pop-up headlights, and Porsche owners have their own waves, but only for the right cars.
| Keywords | porschejeepmiataautomotivecar-cultureluxury-carssecret-handshakeslifestyledrivingpop-up-headlightsjeep-wavetransportationautomotive-enthusiastsvehicle-culture |
A new generation of cryptocurrency, pegged to the dollar, is growing rapidly, promising faster payments and potentially lower interest rates. But regulators and bankers warn of risks.
| Keywords | cryptocurrencystablecoinsus-treasuriesfinanceregulationdigital-assetsbankingmonetary-policyinterest-ratespaymentseconomyrisk-managementfederal-reservecrypto-marketfinancial-system |
Elliott Hill is traveling the globe to meet with leagues, teams and athletes to rebuild connections and spur a turnaround for the world’s largest athletic-wear company.
| Keywords | nikeelliott-hillbusinesssportsathletic-wearturnaround-planceoleadershipretailglobal-businessmarketingathlete-relationscorporate-strategyapparel |
A federal judge on Saturday ruled that efforts to delegate control of the U.S. Agency for Global Media to Trump ally Kari Lake were unlawful, therefore voiding Lake's actions as the acting head of the agency over the past year. Why it matters: The ruling notably invalidates Lake's directive to lay off hundreds of employees across USAGM and the government-funded broadcasters it governs, such as Voice of America. - It also voids other actions Lake took to reduce spending, including the cancellation of USAGM's lease on new office space and a significant reduction of broadcasting capabilities across USAGM-supported broadcasters. Zoom in: In a summary judgement, U.S. District Judge Royce Lamberth said Lake's brief appointment as CEO of USAGM…
The succession of the slain leader’s son is seen as a signal of the Islamic republic’s defiance of Israel and the United States, and of continuity during crisis.
Democratic National Committee chair Ken Martin is facing a growing crisis of confidence within his party, more than two dozen Democrats tell Axios. - Donors, operatives and some DNC members are questioning his leadership, fundraising ability and handling of the party's still-secret "autopsy" of the 2024 election loss. Why it matters: The DNC's dysfunction likely won't affect this year's midterms, and Democrats have overperformed in recent elections. But it could have huge consequences for the party's ability to meet the challenges of the 2028 presidential race. - The DNC will play a crucial role in organizing Democrats' 2028 primary and in building the infrastructure for the party's next presidential nominee. - But the DNC has been…
Mojtaba Khamenei will succeed his father , Ali Khameni, as Iran's next supreme leader, Iranian state media reported Sunday. Why it matters: The move consolidates hardline control even as U.S. and Israeli strikes pound the country. - The regime is at its most vulnerable state since the 1979 revolution, and critics have previously railed against Mojtaba's rise, citing his limited formal experience, modest theological credentials and the regime's aversion to dynastic rule. Catch up quick: The U.S. and Israel killed Ali Khamenei in "major combat operations " after Iran refused to agree to a nuclear deal. - The attacks also targeted Mojtaba and other senior officials, but the younger Khamenei survived. - Ali Khamenei's top security adviser…