As New York Mayor Zohran Mamdani faces $7 billion budget hole, free parking may be history
New York City Mayor Zohran Mamdani is facing a $7 billion budget hole, and the free parking NYC residents have taken for granted may be a revenue opportunity.
The biggest release of emergency oil stockpiles in history was announced. Why crude may keep rising
Oil prices have surged more than 17% since the International Energy Agency announced the largest release of crude stockpiles in its 50-year history.
Berkshire Hathaway will start repurchasing its own shares—what buybacks mean for investors
Large U.S. firms spent about $1 trillion on their own shares in 2025, according to Morningstar estimates.
A Paramount-Warner Bros. movie slate could rule the 2027 box office, but is it sustainable?
Paramount CEO David Ellison has said he wants to make 30 movies a year and has franchises like Godzilla-Kong, Superman and Sonic the Hedgehog to lean on.
Meta planning sweeping layoffs as AI costs mount: Reuters
Meta is seeking to offset costly artificial intelligence infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers.
Trump administration directs Sable Offshore to restore Santa Ynez oil unit
The Trump administration on Friday directed Sable Offshore to restore oil drilling operations off the southern California coast, the U.S. Energy Department said.
Trump says U.S. ‘obliterated’ military targets on Iran’s Kharg Island but didn’t ‘wipe out’ oil infrastructure
President Trump said in a Truth Social post that he directed U.S. Central Command to execute a bombing raid that “obliterated” military targets on Kharg Island.
Uber ex-CEO Kalanick rebrands latest venture Atoms, expands into mining and transport
Travis Kalanick is renaming City Storage Systems to Atoms, while focusing on robotics for mining and transportation.
Average IRS tax refund is up 10.6%, filing data shows
The average IRS tax refund is up 10.6%, based on filing data. Here’s what you can expect.
Oil and Nvidia are key for Wall Street next week amid Iran war volatility
Investors will be awaiting developments with Nvidia and the Middle East as the war against Iran by the U.S. and Israel faces a third week.