San Diego is facing some big changes in 2026. Gas prices might hit $8 a gallon. Why? Two big refineries are closing. This could make gas hard to find and more expensive. But don't worry, the state is trying to make more oil in Bakersfield to help. The city is also thinking about taxing short-term r
The US government has decided to keep a special rule in place. This rule lets truck drivers work extra hours. Why? Because it's really cold, and a big plant that makes propane is not working. Propane is a fuel that many people use to heat their homes. So, the government wants to make sure everyone s
Tim Cook, the boss of Apple, just put a lot of faith in Nike. He boosted his investment in the sportswear giant by almost double. This move came right after Nike's stock took a hit due to some not-so-great predictions for the future. Nike's stock has been on a rollercoaster. It's dropped over 20% s
Billionaires are changing how they give money to causes. Mark Zuckerberg and his wife Priscilla Chan have stopped funding FWD, a group that pushes for immigration and criminal justice reform. They supported this group for ten years. Now, they want to focus on AI and science instead. Zuckerberg's mo
Farmers in the Midwest are having a rough time. Money is tight, and profits are low. To help, the University of Illinois Extension is teaching farmers how to check their financial health. They use something called a balance sheet. This sheet shows what the farm owns and what it owes. Lenders look a
A CEO's lavish lifestyle has come under scrutiny as allegations of fraud surface at Tricolor. The company's former CEO, Chu, is accused of misusing corporate funds for personal gain. This includes luxury homes, private jet travel, and high-end dining experiences. The trustee, Anne Burns, claims that
Japan is facing a significant financial challenge. The country's Finance Ministry is preparing for higher interest payments on its bonds. This is a big deal because it shows how much Japan's debt is growing. The ministry is setting a key rate at 3. 0% for the next fiscal year. This rate is used to
The finance world is buzzing about private credit. It's not just a side option anymore. It's becoming a main player in the game. Big names like Ares Management are seeing a bright future for this market, even as others worry about interest rates and jobs. Banks are stepping back from certain loans.
The U. S. economy showed surprising strength, growing by 4. 3% in the third quarter. This growth, revealed in a delayed report due to the government shutdown, came despite a recent dip in consumer sentiment. Spending, however, remained robust, climbing to 3. 5% from the previous quarter's 2. 5%. Ho
BP, a major player in the oil industry, has made a significant decision to sell a large portion of its motor oil brand, Castrol. The buyer is a US investment company called Stonepeak, which is paying a huge sum of $6 billion for a 65% stake in Castrol. This deal values Castrol at $10. 1 billion, and
