Finance
-
American giving hit $617 billion in 2025 — and the Paul Allen effect exposes who’s really driving it
U.S. charitable giving rose 3% in 2025, surpassing $600 billion for the first time. The $617 billion that Americans gave to everything from churches to cat rescues was the second-highest ever in inflation-adjusted terms, but it fell short of the record set in 2021, when there was a burst of social services giving in response…
-
Congress just passed the most significant housing bill in decades, so why won’t Trump sign it?
A sprawling legislative package aimed at lowering the cost of housing and spurring more home construction won bipartisan approval from Congress this week, but it’s hit a major roadblock in becoming law: President Donald Trump. The White House supported the 21st Century ROAD to Housing Act, but on Wednesday Trump canceled the signing ceremony for…
-
Trump turns on Big Oil donors who spent nearly $100 million to get him elected—now he wants the DOJ to investigate them for price gouging
Oil and gas chiefs may have quietly cracked a smile when Donald Trump won the 2024 presidential election. Oil billionaire Harold Hamm, founder of Continental Resources, called it “the most important election in our lifetime” as he made calls urging energy executives to donate to Trump’s campaign. Vicki Hollub, who heads up Occidental Petroleum, also…
-
U.S. companies swallowed the oil shock. They’re not sure they can do it again
Chief financial officers (CFOs) across U.S. companies said they’ve been able to navigate the challenges of increased energy costs as a result of the closure of the Strait of Hormuz, but that’s done little to assuage their anxieties around future inflation, according to new Fed data. A survey published on Wednesday by the Federal Reserve…
-
How one chip stock reversed the global tech selloff, exposed AI’s ‘memory tax’ and made the case for an entire valuation regime change
Micron’s blowout quarter wasn’t just a beat. It was a restructuring of how Wall Street will price memory — and maybe all of semiconductors — for years to come. The bears had been sharpening their claws all week. Korean semiconductor stocks had wobbled. Chatter about AI demand peaking was growing louder in the corridors of…
-
Paris court gives oil giant Total Energies half a year to tighten climate policies. Climate activists cry foul
A court in Paris ruled on Thursday that energy giant TotalEnergies must account for its customer’s greenhouse gas emissions, giving the French company six months to report the environmental risks caused by the consumption of its gas and oil products. The decision, which comes amid a record heat wave in France, fell short of requests…
-
Deviled eggs, seltzer and a burger you can’t quit: The GLP-1 crowd is (halfway) reinventing the American BBQ
Price hikes, Ozempic culture, and a stubborn love of beef are colliding at the grill this July 4th. Americans are heading into the Fourth of July weekend with lighter coolers, cheaper eggs, and a nagging sense that they probably shouldn’t be spending $10 a pound on ground beef. They’re going to do it anyway—but maybe…
-
The Iran war is accelerating the EV transition faster than any climate policy ever did—but it’s still just not that much
When the U.S. launched strikes on Iran in late February, the immediate concern was oil prices. The Strait of Hormuz—through which roughly 20% of global oil supply flows—closed, sending energy markets into a spiral and gas prices past $4 a gallon in the U.S. within weeks. Domestically and abroad, people felt the oil supply at…
-
Current price of oil as of June 25, 2026
By 8:45 a.m. Eastern Time today, oil had reached $74.02 per barrel, measured using the Brent benchmark. That’s $1.66 less than it cost yesterday morning and $6.24 above its price a year earlier. Oil price per barrel % Change Price of oil yesterday $75.57 -2.05% Price of oil 1 month ago $99.46 -25.57% Price of…
-
Maybank Singapore CEO Alvin Lee looks to tap the silver economy and cross-border flows to grow his business
Singapore is racing towards super-aged status. By 2030, one in four citizens will be 65 or older, up from just one in ten two decades ago. Demographic decline can be a burden on economies, as a shrinking working-age population is forced to support a growing elderly population. But for some businesses, the “silver economy”—products and…