Oil shipping costs have jumped sharply, making it more expensive to transport crude oil from the United States to Japan. The oil supertanker Esteem Explorer is scheduled to sail from the US to Japan in late November, carrying around 2 million barrels of crude oil. The journey is expected to cost $81 million, compared with … Read more
Oil prices rose on Wednesday after attacks on Saudi Arabia’s oil industry and ships near the Strait of Hormuz raised concerns about global oil supplies. The increase came after an attack on the headquarters of Saudi state-owned oil company Saudi Aramco and reports of ships being hit in waters near the important shipping route. Oil … Read more
US stock futures fell on Wednesday as inflation in September was higher than expected. Investors were worried that rising prices could remain a problem for the US economy. Treasury yields also went up, putting pressure on the stock market. US stock futures fall as inflation rises to 3.7% and Treasury yields climb. (REUTERS/Jeenah Moon/File Photo) … Read more
Millions of Americans are set to receive their next Social Security payments on Wednesday, October 14, 2026. Some retired workers may qualify for monthly checks worth up to $5,181. Social Security recipients await October 14 payments and the 2027 COLA announcement. (AFP) The October 14 payments will reach eligible Social Security recipients born between the … Read more
Bitcoin and other cryptocurrencies fell sharply on Wednesday as heavy selling hit the crypto market. The fall was driven by forced selling of crypto positions and wider worries in financial markets. Bitcoin falls as crypto liquidations hit the market. (Pexel/Representative image) (Pexel) Bitcoin, the biggest cryptocurrency, fell as much as 2.4% to $83,583. Ether dropped … Read more
The government is also spending more on servicing its debt as high interest rates increase borrowing costs. Russia is preparing to cut spending on welfare, education and healthcare in its 2027 federal budget while raising taxes, as the government struggles to meet the rising cost of its war in Ukraine, according to fiscal documents reviewed … Read more
Las Vegas Aces guard Justine Pissott expressed her solidarity with the student who filed allegations against seven Cornell University fraternity members for sexual assault, while simultaneously disclosing that she herself had experienced sexual assault. Justine Pissott supports a survivor of alleged fraternity sexual assault at Cornell. (Getty Images via AFP) Pissott shared an extensive series … Read more
The alcohol market in the United States is set to witness a major shakeup starting Tuesday at midnight as Donald Trump’s ban on import of Canadian alcohol, dairy and motorcycles takes effect. Donald Trump speaks to the media at the White House driveway following a luncheon for tech leaders in the East Room Tuesday. (REUTERS) … Read more
The average US interest rate for a 30-year fixed-rate conventional mortgage is now 7.373%. The rate has moved slightly higher from the previous report, when the average 30-year mortgage rate was 7.361%. Mortgage rates today: 30-year mortgage rate rises to 7.373% (Pexel/Representative image) (Pexel) The latest mortgage rate data comes from Mortgage Research Center (MRC), … Read more
US debt has reached $40 trillion, while Treasury yields are rising sharply, adding to concerns about the country’s debt outlook. Higher yields mean the US government has to pay more interest when it borrows money, putting additional pressure on the federal budget. US debt hits $40 trillion as Treasury yields rise and interest costs grow. … Read more