Futures Jump, Oil Tumbles As Well-Timed Comments Spark Latest Round Of Hormuz Optimism

President Trump on Wednesday again claimed that the Strait of Hormuz was under US “control” and suggested he may rename it the “Trump Strait,” comments that came as Iran’s IRGC said that two tankers attempting to cross the strait hit Iranian mines. “Now that we have it under USA. control, should we change the name […]

Two Thirds Of Americans Still Think It's A Bad Time To Buy A House Americans looking to buy a house are currently facing conditions that make it hard for anyone but the very wealthy to afford buying a home. Elevated home prices combined with mortgage rates that have rebounded from historic mid-pandemic lows to levels last seen in the early 2000s are causing major headaches for would-be home buyers. To make things worse, many Americans had to dip into their savings during the past few years of high inflation, making it very hard...

DOE Declares Southeast Grid Emergency As Sweltering Heat Boosts AC Demand As the U.S. men's national soccer team kicks off its first match against Paraguay in Southern California on Friday night, large swaths of the country are trapped in what feels like a wet sauna, with dangerous heat and humidity forcing households to crank up their air conditioning and straining power grids from the Southeast to the Northeast. On Thursday, the Department of Energy issued an emergency order to mitigate blackout risks across the Carolinas amid extreme heat that threatens to...