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Wall Street piles into ‘NACHO’ bet on looming oil shortages in June
Economy
Wall Street piles into ‘NACHO’ bet on looming oil shortages in June
By Jim EdwardsMay 8, 2026
A large oil-exporting hub will be built in the deepwater Gulf of Mexico amid the Iran war—but only because Japan and the White House are paying for it
Energy
A large oil-exporting hub will be built in the deepwater Gulf of Mexico amid the Iran war—but only because Japan and the White House are paying for it
By Jordan BlumMay 8, 2026
Motorbikes drive past a billboard with graphic showing the late Iranian Supreme Leader Ayatollah Ali Khamenei
Politics
Iran is setting up an agency to tax ships passing through Hormuz even as it negotiates a peace deal
By Adam Schreck, David McHugh, Russ Bynum and The Associated PressMay 7, 2026
mcdonald's logo
Retail
McDonald’s posts better-than-expected first quarter sales. But higher gas prices threaten demand
By The Associated Press and Dee-Ann DurbinMay 7, 2026
doordash
Economy
Iran War forces DoorDash to shell out $50 million to help struggling delivery drivers
By Dee-Ann Durbin and The Associated PressMay 7, 2026
Wall Street has decided the war is already over as stocks rally globally on peace talk progress
Politics
Wall Street has decided the war is already over as stocks rally globally on peace talk progress
By Jim EdwardsMay 7, 2026
A boat in the strait of hormuz.
Energy
Cargo ship crews face attacks waiting the Gulf as Trump pauses two-day-old project to ‘guide’ ships
By Mae Anderson, David McHugh and The Associated PressMay 6, 2026
gas
Energy
You’re paying 50% more for gas than you did before Trump went to war in Iran
By Cathy Bussewitz and The Associated PressMay 6, 2026
trump
Politics
Trump claims he’s close to a deal with Iran and ‘if they don’t agree, the bombing starts’
By Josh Boak, E. Eduardo Castillo, Elena Becatoros and The Associated PressMay 6, 2026
Donald Trump stands behind a podium, mimicking holding a gun.
Economy
‘Different from anything in the past 80 years of dollar dominance’: U.S. sanctions spur a ‘paradox’ pushing allies away from American currency
By Sasha RogelbergMay 6, 2026
The war with Iran is ‘over’ but the jet fuel crisis is about to begin
Energy
The war with Iran is ‘over’ but the jet fuel crisis is about to begin
By Jim EdwardsMay 6, 2026
Europe’s jet fuel supplies should fall below the key 23-day shortage threshold in June, so plan your travel accordingly
Energy
Europe’s jet fuel supplies should fall below the key 23-day shortage threshold in June, so plan your travel accordingly
By Jordan BlumMay 6, 2026
donald trump
Economy
You had a miserable 2025 because of tariff inflation. The Iran war will be even worse, top economist says
By Jake AngeloMay 5, 2026
Japanese workers commuting to the office
Success
Tokyo is throwing out its strict office dress code and asking workers to wear shorts amid the war in Iran energy crisis
By Emma BurleighMay 5, 2026
Supermicro’s earnings call today takes place amid a probe that could be ‘fatal’ for the company
Big Tech
Supermicro’s earnings call today takes place amid a probe that could be ‘fatal’ for the company
By Jim EdwardsMay 5, 2026
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