Oil prices hit three-month low over US-Iran truce
Several major banks cut their oil price forecasts.
Several major banks cut their oil price forecasts.
While tech-driven exports soar, domestic retail sales remain paltry.
Japan’s benchmark stock index hit a record after the announcement.
Parent company Yum Brands is shedding itself of Pizza Hut, as the onetime biggest U.S. pizza brand continues its death spiral.
This month, the region, Aseer, launched its summer season, aiming to draw more than 3 million visitors with 122 events across its highland villages.
Elon Musk became the world’s first trillionaire on Friday with the largest initial public offering in stock market history for his rocket and AI company SpaceX. The company is based in South Texas in a city controlled by Musk known as Starbase, which SpaceX has operated from since 2014. Environmental and conservation groups recently filed a federal lawsuit seeking to block a land swap approved by the U.S. Fish and Wildlife Service that would give SpaceX more than 700 acres of a national wildlife refuge in South Texas. With Starbase, “SpaceX has already burned down dozens of acres of wildlife habitat, is dumping polluted water on our beach, has sent rocket debris into our communities, into communities in Mexico,” says Bekah Hinojosa, co-founder of the South Texas Environmental Justice Network, which is part of the lawsuit against the U.S. Fish and Wildlife Service. “Elon Musk is using our impoverished community as his laboratory to blow up dangerous experimental SpaceX rockets.” While groups like the South Texas Environmental Justice Network are organizing opposition to Musk’s operations in South Texas, local officials are ignoring constituents’ complaints that SpaceX is degrading the environment and their quality of life, says Hinojosa. “We’ve seen elected officials take money from SpaceX here and lobby in favor of more bills that benefit SpaceX.”
Saudi money has given the kingdom a seat at the top table of international football. Its national side needs time to catch up.
Kevin Warsh holds his first Federal Reserve meeting as chair on Tuesday.
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