Finance
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Current price of oil as of July 7, 2026
As of 9 a.m. Eastern Time today, oil is trading at $73.29 per barrel, based on the Brent benchmark we’ll explain in a bit. That’s 93 cents above yesterday morning’s level and about $2.80 higher than where it stood a year ago. Oil price per barrel % Change Price of oil yesterday $72.36 +1.28% Price…
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Trump rings opening bell for Trump Accounts as Treasury commits $1.4 billion in seed money
Monday marked a historic day at the White House for two reasons: it was the first time a sitting president rang the opening bell of the stock market from the Oval Office, and the occasion was used to mark the launch of Trump Accounts, the new children’s investment program at the center of the administration’s…
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EasyJet’s stock shows Castlelake bid is far from a done deal
EasyJet Plc stock traded well below Castlelake LP’s latest takeover bid, signaling investors remain concerned about the potential barriers facing the £5 billion-plus deal. The budget carrier finally agreed in principle to the U.S. investment firm’s offer of £6.90 per share in cash after calling previous bids too low. The airline’s stock jumped Monday by…
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The yen is quietly crashing as Japan’s debt crisis bleeds into currency markets, and efforts to halt the slide are ‘doomed to fail,’ economist says
Japan’s yen is resembling a slow-motion train wreck as it remains stuck near 40-year lows, and there could be even more downside ahead. On Monday, the yen was down 0.58% at 162.30 per dollar. It’s fallen 3.6% so far in 2026 and nearly 11% from a year ago. Some of the more recent triggers include…
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Strategy sheds $216 million in Bitcoin in crypto hoarder’s largest sale ever
The world’s foremost Bitcoin hoarder has made its biggest crypto sale yet. Strategy announced on Monday morning that it sold $216 million worth of Bitcoin over the past week. The sale is the company’s largest liquidation of crypto in its six-year history of accumulating Bitcoin on its balance sheet, according to Strategy’s catalog of its…
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Current price of oil as of July 6, 2026
As of 8:30 a.m. Eastern Time today, oil sold for $72.36 per barrel (using Brent as the benchmark, which we’ll get into momentarily). That’s 5 cents higher than yesterday and approximately a $3.50 rise over the past year. Oil price per barrel % Change Price of oil yesterday $72.31 +0.06% Price of oil 1 month…
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Wealth is going ‘woke,’ says UBS: Rich people are now ‘younger, more female—and more openly queer,’ thanks to the Great Wealth Transfer
The face of wealth is changing: Increasingly younger, female, and openly queer people will control family fortunes as a result of the much-anticipated Great Wealth Transfer, writes UBS. Studies have found that over the next 20 to 30 years, as much as $124 trillion will be passed down from older generations to their younger counterparts. The baby…
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Gen Z was ‘jaded about employment before we ever entered the workforce’—now psychologists say the stare has hardened into something worse
America foreclosed on Gen Z once. The risk now is that Gen Z finishes the job. I wrote a piece last year that went semi-viral about the “Gen Z stare,” that labeling of young-adult awkwardness that goes far beyond the “millennial pause” in stereotyping a generation. But this interaction made me think it’s something else;…
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The supertanker tycoon making millions on Hormuz shuttle runs
Just a few weeks into the war, one of the Persian Gulf’s top oil producers quietly began sneaking its crude out of the Strait of Hormuz. Before long, the covert project became so successful that the United Arab Emirates was already approaching its pre-war rate of flows through the waterway by the time the US…
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The stock market is about to suffer a ‘snapback’ and will lose much of this year’s gains as ‘speculation is hitting extreme levels,’ BofA warns
The S&P 500 just notched its best quarter since 2020 and is up about 9% so far this year, but it’s mostly downhill from here, according to Bank of America. In a note on Tuesday, analysts reaffirmed their year-end price target of 7,100 for the broad market index, representing a 5% drop from the week’s…