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Business

Markets, economy, labor, housing, trade

aljazeera.com

President Trump Calls for Lower Gas Prices Amid Rising Oil Costs

President Trump has called on oil companies, particularly Chevron, to lower gasoline prices as oil prices rise amid the US-Israel conflict involving Iran. Oil prices dropped five percent on Monday, with Brent Crude at $82.91 per barrel. Economists have questioned Trump's claims that prices will fall significantly following the conflict.

Bias: 4 Sentiment: +0.00
Daily Wire

House Ethics Committee Recommends Censure for Rep. Chuck Edwards

The House Ethics Committee has recommended censure for Rep. Chuck Edwards (R-NC) for inappropriate treatment of two female staffers, including giving gifts and making comments about their appearance. Edwards' attorney has contested the findings, claiming the process was flawed. This investigation comes at a politically challenging time for Edwards as he faces a strong Democratic challenger in the upcoming midterm elections.

Bias: 30 Sentiment: -0.10
The Verge

Microsoft Plans to Bring Xbox 360 Games to PC

Microsoft is set to enable developers to port Xbox 360 games to PC, according to a leaked document. This initiative is part of a broader strategy to enhance the Xbox game library across multiple devices, including the upcoming Project Helix console.

Bias: 4 Sentiment: +0.10
Axios

U.S. and Japan Coordinate on Yen Intervention Amid Market Strains

The U.S. and Japan have jointly intervened in the currency market to support the yen, reflecting U.S. goals and concerns about global market stability. This collaboration aims to stabilize the yen without pressuring U.S. Treasury bonds, amid rising long-term borrowing costs and potential impacts on global financial dynamics.

Bias: 14 Sentiment: +0.00
The Hill

Former White House Deputy Press Secretary Criticizes Economic Messaging

Sarah Matthews, a former deputy press secretary for President Trump, criticized the Trump administration's economic messaging, claiming it misleads the American public. She noted that Republicans had previously accused the Biden administration of similar tactics.

Bias: 30 Sentiment: -0.20
Washington Examiner

President Trump to Visit California and Nevada for Economic Tour

President Trump is set to visit California and Nevada as part of an economic tour. In California, he will address his administration's economic policies and criticize Governor Gavin Newsom's leadership. The visit will include a Republican National Committee dinner in Los Angeles and a speech in Nevada.

Bias: 16 Sentiment: +0.00
Axios

Federal Reserve Considers Reducing Frequency of Policy Meetings

Federal Reserve Chairman Kevin Warsh is contemplating a reduction in the frequency of policy meetings, potentially shifting from eight meetings to six focused on interest rates and two on broader economic issues. This change could streamline processes but may also delay responses to economic shifts, such as inflation or labor market changes.

Bias: 4 Sentiment: +0.00
BBC — Business

Analysts report increased risks for oil tankers in Middle East

Analysts have indicated that recent attacks on shipping routes in the Middle East have heightened risks for oil tankers. The situation is described as increasingly complex for maritime operations in the region.

Bias: 4 Sentiment: +0.00
The Daily Beast

FIFA President Gianni Infantino Seeks Support from Trump Administration Amid Leadership Crisis

FIFA President Gianni Infantino is seeking help from the Trump administration as he faces calls for his resignation following a failed plan to sell a minority stake in the World Cup. The proposal, which involved a $20 billion investment, was abandoned after widespread criticism. UEFA has called for Infantino's removal and threatened legal action regarding the deal.

Bias: 4 Sentiment: -0.20
New York Times — Business

US Treasury Collaborates with Japan to Support Yen

The U.S. Treasury is working with Japanese authorities to mitigate the depreciation of the yen relative to the dollar. This action reflects concerns about the implications of instability in Japan's financial markets.

Bias: 4 Sentiment: +0.00
notus.org

Wisconsin Gubernatorial Candidate Faces Concerns Over Electability

Francesca Hong, a gubernatorial candidate in Wisconsin, faced questions about her electability during a recent meet-and-greet, with voters expressing concerns about her affiliation with the Democratic Socialists of America. The primary campaign has been characterized by disarray among moderate candidates, raising questions about the future of the Democratic Party in battleground states. Polling shows Hong with significant support, but skepticism remains among some voters regarding her ability to win a general election.

Bias: 4 Sentiment: +0.00
Los Angeles Times

Smuggling gasoline into Mexico generates significant revenue for cartels

The illegal practice of smuggling gasoline, referred to as huachicol fiscal, is reported to be the second-largest revenue source for Mexican cartels, after drug trafficking. This highlights the ongoing challenges in combating organized crime in the region.

Bias: 4 Sentiment: +0.00
The Daily Beast

Rep. Max Miller Responds to Sen. Bernie Moreno's Call for Resignation Amid Abuse Allegations

Rep. Max Miller is facing serious allegations of domestic abuse against Emily Moreno, prompting Sen. Bernie Moreno to call for his resignation. Miller responded by suggesting that Sen. Moreno's statements were politically motivated. The situation has drawn attention amid ongoing scrutiny of both individuals as they navigate personal and political challenges.

Bias: 36 Sentiment: -0.50
Deutsche Welle

Economic Impact of Wildfires in Spain

Spain is currently facing wildfires that are impacting its tourism and economy. The situation has prompted discussions regarding the effectiveness of preventive measures against such natural disasters.

Bias: 14 Sentiment: -0.20
Washington Examiner

Francesca Hong Hosts Hasan Piker at Milwaukee Campaign Rally

Francesca Hong, a Democratic gubernatorial candidate in Wisconsin, held a rally in Milwaukee featuring Hasan Piker, a left-wing commentator. The event highlighted Hong's campaign themes and her significant lead in the polls ahead of the upcoming primary election on August 11, 2026.

Bias: 14 Sentiment: +0.10