What Does The End Of OPEC Mean For The Iran War And Global Energy Prices?

Bank Of Japan Governor Ueda Hospitalized, Will Miss June Meeting Bank of Japan's 74-year-old Governor Kazuo Ueda has been hospitalized for medical treatment and will miss the June 15 to 16 ‌policy meeting, the central bank said on Wednesday. It is the first time for the governor, who chairs the BOJ's policy discussions, to miss a scheduled meeting since the central bank began deciding policy ​under the current arrangement in 1998. The governor will submit a written statement on his view on policy but will not participate in ​next week's vote, the...

Trump Proposes $1.5 Trillion In War Spending, 'Largest In Decades' Via The Cradle US President Donald Trump is asking Congress to boost military spending to $1.5 trillion for 2027, the largest such request in decades, while demanding cuts to domestic spending on social programs, AP reported Friday. The White House released details of the desired spending increase on Friday as part of Trump's 2027 budget proposal. The proposal comes amid the US-Israeli war on Iran, which is costing US taxpayers over $11 billon for each week it continues. US Army/AP image Last month, the Pentagon proposed receiving an...

GM Replaces 1,000 Factory Zero Workers With 50 Robots General Motors is once again under the microscope after expanding automation at its Detroit-based Factory Zero plant, installing about 50 collaborative robots not long after cutting more than 1,000 positions, according to Yahoo Finance. The decision reflects a broader shift across the auto industry as manufacturers lean more heavily on robotics and AI to improve efficiency while labor groups warn about the impact on employment. Factory Zero, where GM builds the GMC Hummer EV and Chevrolet Silverado EV, was originally marketed as the...