Finance
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The Iran war is pushing Southeast Asia to debate the once unthinkable: Whether ships will need to pay to transit the Strait of Malacca
Iran’s decision to charge fees for ships transiting the Strait of Hormuz—and U.S. President Donald Trump’s tentative endorsement of that idea—are reverbarting in a different waterway around four thousand miles away. On April 22, Indonesia’s finance minister, Purbaya Yudhi Sadewa, suggested the Southeast Asian country might start imposing levies on ships transiting the Strait of
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Uber riders complain they were charged more for paying with Amex cards—one viral video shows a $13 difference
We’ve all been there: at an airport after landing from a long-haul flight; at a bar staying out late with friends; leaving from a packed concert or sporting event, and we swipe open the Uber app. Seeing an absurd number, you close the app, try again, and the number’s only getting higher. So you turn
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The starter home is dying. Better.com’s CEO says AI is the only thing that can save it
The traditional American starter home—the quaint, ranch-style two-to-three bedroom home young families once began their journey of wealth creation—is on life support. The U.S. is currently short nearly 4 million homes, according to Goldman Sachs. A number of factors have defeated that essential stepping stone, from sky-high prices to strangling zoning constraints. But for Better.com
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How Spirit Airlines’ business model collapsed—and why a Trump bailout could make things worse
During a CNBC interview on April 21, President Trump for the first time hatched the possibility of an administration-led rescue plan for stricken Spirit Airlines. “Spirit’s in trouble,” declared the POTUS, “Maybe the federal government should help out on that one…it’s 14,000 jobs.” Prior to Trump’s statement, few if any were speculating on such a
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Trump administration reportedly nears $500 million rescue deal for Spirit Airlines
The Trump administration is nearing a rescue package for Spirit Airlines that could provide up to $500 million in financing for the struggling budget carrier, the Wall Street Journal reported. The deal, which has not been finalized, would reportedly give the government warrants to purchase Spirit stock, potentially leaving taxpayers with a meaningful stake in
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GOP senator blocking Warsh makes his stand on market stability
The one man blocking Donald Trump from installing Kevin Warsh as his new Federal Reserve chair has drawn a red line: the stability of the US financial markets. Republican Thom Tillis, who will retire in January after two Senate terms, provided key backing for some of Trump’s most controversial nominees, including Defense Secretary Pete Hegseth
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Beef is becoming a luxury as prices stay at record highs. They likely won’t come down until 2028, says expert
If you walked right past the meat aisle on your last trip to the grocery store, you’re not the only one. Beef is starting to feel like a luxury as prices stay at record highs, and there’s no end in sight for markups. Ground beef averaged about $6.70 per pound in March, nearly a dollar
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$75 billion investment chief: Now is exactly the right time to double down in the Gulf
This conflict feels personal. My father was an engineer who worked in Iran in the 1970s, and I spent part of my early childhood there. I was too young to remember much, but I recall the suddenness of leaving — finding a circuitous route back to India as the revolution took hold. Decades later, my
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‘An investment thesis is not a religion’: $44 billion CIO warns you need to figure out how you might lose money, not just make it
In an era of trillion-dollar bets on AI and whiplash-inducing market swings, Nicolas Giauque has a blunt message for investors who’ve grown too comfortable with their conviction: check yourself. “An investment thesis is not a religion,” said Giauque, the managing partner and chief investment officer of Farallon Capital Management, in a recent interview on Goldman
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Current price of oil as of April 22, 2026
At 9 a.m. Eastern Time today, the price of oil sits at $101.14 per barrel, using Brent as the benchmark (we’ll explain what that means shortly). That’s an increase of $4.82 since yesterday morning and roughly $33 more than at this time last year. oil price per barrel % Change Price of oil yesterday $96.32