Oil market could enter ‘red zone’ by July as stocks dwindle ahead of summer travel season, IEA chief says
IEA Executive Director Fatih Birol said the single most important solution to the Iran war energy shock is the unconditional reopening of the Strait of Hormuz.
Eli Lilly says next-generation weight loss drug clears crucial obesity trial
The results bring Lilly one step closer to filing for approval of the injection, retatrutide, which works differently from existing injections and pills.
Stellantis unveils $70 billion turnaround plan, targets positive cash flow by 2027
Stellantis CEO Antonio Filosa unveiled a new five-year strategic plan Thursday worth 60 billion euros ($69.7 billion).
Ram unveils lineup of Hemi V-8 engine-powered ‘muscle trucks’ despite high gas prices
Stellantis plans to launch a new lineup of what it’s calling “muscle trucks” for its Ram brand despite elevated U.S. gas prices due to the war in Iran.
Cheap AI could derail OpenAI and Anthropic’s IPOs
Chinese AI labs are matching American frontier capability at a fraction of the cost.
Spiking yields are spooking the stock market. These equities win when rates rise
Some defensive names that are more closely correlated to the 10-year Treasury yield can fare well in a higher rate environment.
Trump’s face doesn’t belong on U.S. passport, senators tell Rubio
The State Department announced a special edition U.S. passport that will feature President Donald Trump’s likeness.
College career path ‘over’ as skilled trade get 30% pay bump, recruitment giant says
“I would say you can make a good career and good money in skilled trade. That’s definitely a career track,” CEO of world’s largest recruitment firm told CNBC.
Rising mortgage rates cause surge in demand for riskier loans
Mortgage rates continued to rise last week, causing more borrowers to head to adjustable-rate loans, which are cheaper but considered riskier.
Stellantis CEO Antonio Filosa is about to unveil his plan to turn the company around as the automaker’s stock lags
Shares of Stellantis are off nearly 30% since Antonio Filosa, a veteran who climbed through the company ranks, was named CEO nearly a year ago.
