Finance
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Current price of oil as of June 3, 2026
At 8:45 a.m. Eastern Time today, the price of oil sits at $101.36 per barrel, using Brent as the benchmark (we’ll explain what that means shortly). That’s an increase of $4.71 since yesterday morning and roughly $35 more than at this time last year. oil price per barrel % Change Price of oil yesterday $96.65…
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Variant raises $222 million for new fund with a thesis of AI, crypto and ‘autonomy’
Venture capitalist Jesse Walden made his name as a crypto investor—a job he says will disappear before the decade is out. “In four years, being a crypto investor will be like being an ‘Internet investor’,” says Walden, who started his investing career at Andreessen Horowitz before founding his own crypto-focused firm, Variant, in 2020. This…
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Trade war is back on as White House floats a new minimum 10% tariff plan—with carveouts for coffee, beef, and microchip suppliers
President Trump’s team is once again ruffling international feathers with a new plan for import tariffs imposed on 60 trade allies, facing levies of either 10% or 12.5%. In an update released overnight, the United States Trade Representative claimed a number of trade partners had failed to effectively handle goods produced with forced labor, which…
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Texas is the new capital of the Fortune 500—taking California’s crown
Everything’s bigger in Texas—including the companies. The Lone Star State is now home to the most Fortune 500 companies, dethroning California as the capital of the Fortune 500. The state’s 57 Fortune 500 companies ranked roughly $2.8 trillion in renevue last year, compared to California’s 56 businesses and roughly $2.7 trillion revenue. New York comes…
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Iran war has cost U.S. families $100 billion between increased military funding and higher oil prices, says Moody’s
$750 a household—or $100 billion. This is the cost that Moody’s has calculated the Iran War has been so far to the U.S. consumer. Mark Zandi, chief economist at Moody’s Analytics, said the cost passed on to households is the result of increased military spending and higher prices as a result of oil supply disruption…
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Trump replaces Gabbard with housing chief Bill Pulte, grandson of the founder of one of the country’s largest homebuilders
President Donald Trump has tapped Bill Pulte, head of the Federal Housing Finance Agency, to be the acting director of national intelligence — putting a real estate scion and fierce Trump loyalist in a key national security post as the U.S. remains at war with Iran. Trump made the surprise announcement Tuesday on social media…
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New jobs report shows 7.6 million jobs added in April as layoffs and people quitting their jobs both fell
U.S. job openings jumped in April as the labor market looked resilient despite economic uncertainty caused by the Iran war. U.S. employers posted 7.6 million job vacancies in April, the Labor Department reported Tuesday, up from 6.9 million in March and most since May 2024. Economists had forecast just 6.8 million openings. The department’s Job…
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‘Where we are today is frightening’: a Pulitzer-winning historian sees a doomsday scenario involving China and the national debt
Liaquat Ahamed has spent his career studying the moments when the world’s financial system breaks down — the bad bets, the collective delusions, and the geopolitical accidents that tip economies into catastrophe. Right now, he says, he doesn’t like what he sees. “Where we are today is frightening,” Ahamed, the Pulitzer Prize-winning author of Lords…
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Meet America’s ‘Disillusioned’ 32%: They’re not who you think
They cut the dining out first. Then they stopped putting money away. Then came the retirement account—the one thing financial advisors tell you never to touch—drawn down not for an emergency exactly, but for the slow-motion emergency of a life where the math stopped working and never started again. For many of Americans, simply existing…
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If S&P Dow Jones rewrites its listing rules, SpaceX and Anthropic will benefit—investors won’t
To get into the S&P 500, a company is supposed to make some money. The sum of its four quarters of earnings has to be positive—at least GAAP wise—and so does its most recent quarter. That’s a pretty basic rule, decades old and it’s the reason Tesla sat outside of the index until the end…