USA News
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Exxon made $160 million per day last quarter as oil prices surged
Big Oil is minting money. ExxonMobil and Chevron, the two biggest US oil companies, reported gangbusters profits on Friday driven by the spike in global oil prices unleashed by the US-Iran war. Exxon raked in $14.5 billion in profit during the second quarter, more than doubling its year-earlier earnings and its highest haul since 2022 during the onset of the…
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‘A million dollars over asking’: AI wealth is fueling housing market frenzy in San Francisco
Just a few years ago, San Francisco was the national symbol for post-pandemic urban decline. Now, fueled by the artificial intelligence boom, the Golden City and its suburbs are quickly becoming the hottest housing market in the country. Flush with cash — and highly valued stock options — tech workers are flooding in to the housing market, bidding up the…
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Canada just announced new tariffs on US goods. Here’s how the growing trade war could hurt Americans
On September 8, Canada is set to enact tariffs ranging from 15% to 50% on over 700 American goods in an effort to match US tariffs dollar for dollar, Canadian officials announced on Tuesday. Notably, Canada is doubling its duties on US steel and aluminum to 50%, in line with the 50% tariffs the US had already imposed on Canadian…
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The US says it’ll crack down on countries doing business with Iran. Who’s buying Iranian oil?
New York — US Treasury Secretary Scott Bessent on Monday vowed an “economic D-Day” for countries that buy oil from Iran. Experts say that means one country in particular: China.Bessent didn’t name China on Monday, but he left little room for doubt. “We find that the best way to engage with countries is through quiet diplomacy, and we are level-setting…
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Trump says he’s considering renaming Lake Ontario to ‘Lake America’ as trade war escalates
President Donald Trump said Tuesday that he is considering changing the name of Lake Ontario to “Lake America” as the trade war between the United States and Canada intensifies. Such a change would be reminiscent of the Republican president’s unilateral action last year by executive order to rename the Gulf of Mexico to the Gulf of America. The United States…
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USS Abraham Lincoln to dock in Thailand next week, Thai official says
The US Navy aircraft carrier the USS Abraham Lincoln will dock in Thailand next week, a Thai official said on Tuesday, following a prolonged deployment in the Middle East and reports of mental health concerns and deteriorating conditions aboard. The Lincoln, which left the Middle East on Saturday, has not made a port call in more than 200 days, setting…
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US announces expansion of sanctions in ‘economic onslaught’ on Iran
US President Donald Trump’s administration on Monday announced an expansion of secondary sanctions it can impose on entities and countries that maintain business ties with Iran around the world as Washington significantly ratchets up economic pressure on Tehran with the war nearing its 6-month mark. At a press conference, Treasury Secretary Scott Bessent unveiled what he described as an “economic…
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Tens of thousands ordered to evacuate in Nevada as fire threatens Reno
Tens of thousands of people have been evacuated this weekend from the area of Reno, Nevada, and many others were under orders to leave on Sunday as a wildfire reached the outskirts of the state’s third-most-populous city. About 42,000 residents have been displaced or are in active evacuations with an additional 45,000 in “be prepared to evacuate” status as the…
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US judge strikes down Trump’s 75-country visa ban
A US federal judge has struck down a government ban on visas to nationals from 75 countries who wish to settle in the country indefinitely, dealing a blow to President Donald Trump’s immigration crackdown. In a ruling issued on Friday in the Southern District of New York, Judge Jeannette Vargas called the policy “contrary to law” and said Secretary of…
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US, Canada fail to reach trade pact to avert Trump tariffs
Hefty US tariffs on some Canadian products took effect on Saturday after days of negotiations that went down to the wire failed to produce an agreement. Canadian Prime Minister Mark Carney vowed that his country will match the US tariffs “dollar for dollar to protect our workers and businesses,” after officials said late Friday that Washington and Ottawa had not…
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