Ukrainian Drone Attack on Russia’s Belgorod Region Kills at Least Six

"Demand Remains Strong": GM Beats Expectations, Lifts Guidance For Second Time GM beat Wall Street's second-quarter expectations on Tuesday, posting adjusted earnings of $3.57 per share on $48.03 billion in revenue as profitability improved despite softer vehicle sales. Adjusted EBIT reached $3.94 billion, up from $3.0 billion a year earlier, helped by lower tariff-related costs and stronger operating performance, according to Yahoo Finance. The Detroit automaker also lifted its full-year guidance for the second time in 2026. It's amazing what happens when the federal government isn't pressuring your business to convert entirely...

Citi Expects Oil To Sink To $60 As Hormuz Traffic Normalizes Brent Crude prices could plunge to as low as $60 per barrel by the end of the year, according to the latest note from Citi's commodity research team which expects flows through the Strait of Hormuz to soon normalize and the US and Iran to reach a deal in the coming months. "Fundamentals are rapidly reasserting themselves as Hormuz disruptions fade, with Brent back to the low $70s/bbl. While the US-Iran process remains fragile and disputes over Hormuz administration and...

The White House will allow the waiver on Iranian oil sanctions to expire on Sunday. The US granted sanctions waivers for Russian, Iranian, and Venezuelan oil after starting a war against Iran in an effort to keep energy prices from spiking.  Two US officials speaking with Reuters said that the White House is not planning […]