Goldman Stock Slides After FICC Unexpectedly Misses Despite Highest Overall Profit In 5 Years

Why Diesel Prices Are So Much Higher Than Gasoline Authored by Robert Rapier via OilPrice.com, Diesel has generally cost more than gasoline since 2004 due to higher production costs, taxes, and global demand. Global refinery disruptions, export restrictions, and low inventories have widened the diesel price premium in 2026. Strong US crude production and refinery output cannot fully offset global diesel supply shortages. There was a time when diesel fuel was usually cheaper than gasoline in the United States. That relationship began to change about 20 years ago, and since then diesel has generally...

Iran’s Tasnim news agency reported that a US attack in the Strait of Hormuz on Monday hit cargo vessels, not boats belonging to Iran’s Islamic Revolutionary Guard Corps (IRGC), contradicting claims from US Central Command. CENTCOM said that its forces destroyed six Iranian naval boats that attempted to interfere with commercial shipping, and President Trump […]

US Home Prices Are Rising At Their Fastest Pace In Over A Year, But... Amid soaring mortgage rates, new home prices falling rapidly, and collapsing homebuilder confidence, US home prices in America's 20 largest cities rose for the fourth straight month in July (according to the latest - admittedly lagged - data from S&P Cotality Case-Shiller). The 20-City Composite index rose 0.32% MoM (far stronger than the 0.2% MoM rise expected) in July. That is the strongest monthly rise since Dec 2025 and lifted the annual home price appreciation to its...