Finance
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Shell reverses course in Canada and buys ARC Resources for $14 billion, doubling down on oil and gas
Nearly a decade after selling its dirtier Canadian oil sands assets amid the global transition to clean energy, Big Oil giant Shell is reversing course in Canada and buying ARC Resources for nearly $14 billion. While Shell followed the energy supermajor trend of exiting Canadian oil sands in the prior decade, Shell’s acquisition of ARC
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Current price of oil as of April 27, 2026
As of 9 a.m. Eastern Time today, oil sold for $106.73 per barrel (using Brent as the benchmark, which we’ll get into momentarily). That’s 32 cents lower than yesterday and approximately a $40 rise over the past year. Oil price per barrel % Change Price of oil yesterday $107.05 -0.29% Price of oil 1 month
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Barbara Corcoran famously ‘never saved a dime’: Even when she sold her business for $66 million, her first thought was ‘What can I spend this on?’
For most Americans, saving money (or at least trying to) is a financial priority: It means a safety net in the event of an emergency expense, funds set aside for vacations, birthdays or holidays, and longer-term goals like housing deposits or family milestones. Barbara Corcoran has never subscribed to this idea. In fact, she’s “never
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The ‘obscene economics’ of modern warfare show how the race to military supremacy is transforming, while U.S. rearmament relies on China
The Iran conflict has confirmed a transformation in the economics of warfare toward cheap, mass-produced weapons, forcing a wholesale rethinking of military procurement, according to a recent report. While the U.S. and Israel have decimated Iran’s military, the Islamic republic still has enough combat power to inflict meaningful economic and physical damage, said Noah Ramos,
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Chevron CEO says Venezuela must do more for oil industry revival
Chevron Corp. Chief Executive Officer Mike Wirth said changes to Venezuela’s oil policy are a sign of progress in trying to attract foreign investment, though further measures are needed. “It moves things in a positive direction,” Wirth said on CBS’ Face the Nation. “It still needs some work. It’s probably not enough to bring in
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Baby boomers have now ‘gobbled up’ nearly one-third of America’s wealth share, and they’re leaving Gen Z and millennials behind
Older Americans may be trading in hustling for retirement, but that hasn’t stopped them from getting richer. Baby boomers now hold a record high of the United States’ wealth, Apollo chief economist Torsten Slok noted in a December blog post, citing Federal Reserve data. Compared to 1989, when those over 70 years old held 19%
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Sen. Thom Tillis says he’s ready to move ahead with confirming Warsh as Fed chair after DOJ drops probe on Powell
The Republican senator who had effectively blocked confirmation of President Donald Trump’s pick to lead the Federal Reserve said Sunday he was dropping his opposition after the Department of Justice ended its investigation of the current central bank chair. The announcement by Sen. Thom Tillis of North Carolina removes a big hurdle to Trump’s effort
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Kalshi and Polymarket are racing to ban insider trading. The economist who built the theory behind prediction markets says it’s the whole point
The walls have started closing in on prediction markets. On Thursday, the Department of Justice announced it was charging a U.S. Army soldierwho helped plan the operation to capture Nicolas Maduro with five felonies, alleging he used classified intelligence to bet $33,000 on Polymarket that the raid would happen, then cashed out roughly $400,000 when
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Florida’s influx of rich residents is killing the middle class and housing market
For decades, the Sunshine State has been seen as, well, sunny and bright. Florida has no income tax, and many metros had a cost of living that allowed for the working class, like teachers, nurses, and hospitality workers, to build a comfortable, middle-class lifestyle. But times are changing. The pandemic ushered in a massive wave
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From maritime trench warfare to a ‘sloppy peace’: Here’s how the Strait of Hormuz standoff could play out, according to Goldman Sachs
Unless Iran’s regime collapses, the Strait of Hormuz will never be open like it was before the war, according to Jared Cohen, co-head of the Goldman Sachs Global Institute and the bank’s president of global affairs. Since the U.S. and Israel launched their war in late February, Tehran has discovered how much leverage it can wield