Even if the Iran conflict ended now and the Strait of Hormuz fully opened, don't look for a quick return to pre-war gas prices. Why it matters: Costlier fill-ups are the most direct and visible economic effect of the war for many Americans, and could sway midterm election races. Driving the news: Energy Secretary Chris Wright told CNN Sunday that gas might not drop all the way down to the pre-war level — just under $3 per gallon — until next year. - But President Trump appeared to contradict him in comments to The Hill Monday, seeing a faster drop. The big picture: Researchers and the analysts we've talked to see slower price drops — pretty close to Wright's prediction. - And the Iran war — and threats to oil supplies —…
Marc Andreessen on MTS. Screenshot via X Silicon Valley's most powerful venture firm helped launch a 24/7 livestream on X Monday, joining a wave of tech money piling into the news cycle as the internet's hottest new asset class. Why it matters: "Monitoring the situation" — the theme of Polymarket's pop-up D.C. bar , and now the name of a new show (MTS) funded by Andreessen Horowitz — has become one of the most viral and lucrative memes in tech. - The phenomenon sprouted from Elon Musk's X, a platform now dominated by independent creators, amateur intel analysts and prediction markets that treat real-time news as a spectator sport. - A permanent breaking-news cycle — President Trump's second term, the Iran war, daily AI shocks…
The Tim Cook era is coming to a close with an existential challenge for Apple: figuring out what comes after the iPhone. Why it matters: Cook extended the iPhone's success into products like the Apple Watch and AirPods and built a powerful services business. But the company hasn't broken into a major new category — and has stumbled into the AI era. Driving the news: Apple announced Monday that Cook will cede the CEO reins to hardware chief John Ternus, while remaining with the company as executive chairman. - The company also promoted Johny Srouji, the driving force behind Apple's chip success, to the new role of chief hardware officer. - That could entice Srouji, whose name is often mentioned in tech CEO searches, to stay in…
Many House Democrats are ready to vote to expel Rep. Sheila Cherfilus-McCormick (D-Fla.) from Congress as soon as the House Ethics Committee meets to decide her fate on Tuesday, Axios has found in interviews with over 30 lawmakers. Why it matters: Republicans are expected to force an expulsion vote, but they will need roughly 80 Democratic votes to remove Cherfilus-McCormick. - House Minority Leader Hakeem Jeffries (D-N.Y.) has carefully avoided saying how he might advise his members to vote, even if the committee reaches a bipartisan decision that she should be expelled. - House Democrats will meet as a caucus following the Ethics hearing, he told reporters on Monday, and "follow the facts and apply the relevant law without fear or…
“When We See You Again” is a excavation of a mother’s grief for her only son, Hersh, who was taken hostage in Gaza in 2023 and killed by his captors in 2024.
On social media, Shamar Elkins seemed like a doting father. Domestic violence experts say a pending divorce and a criminal history were common red flags.
Police in Shreveport, Louisiana, say eight children, ages 3 to 11, were killed in a shooting Sunday. A 911 call came in just before 6 a.m. from a woman on the roof of the home. Investigators say the violence appears to have erupted from a domestic dispute.
Singer D4vd appeared in court Monday, charged in the killing of 14-year-old Celeste Rivas Hernandez, whose body was found inside a Tesla registered to him. He faces multiple felony charges, including first-degree murder. A judge denied bail.
Leland Vittert opens "On Balance" by suggesting President Trump is currently trapped with no good options as it relates to the United States' negotiations with Iran. "On Balance with Leland Vittert" takes a critical look at some of the day's hottest subjects.
