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News
Asian shares drop, with South Korea's Kospi down more than 5%
3+ mon, 1+ week ago (613+ words) Wall Street headed for its worst day in nearly eight months Friday as big technology companies lost ground and a strong jobs report boosted expectations that the Federal Reserve will be forced to hike interest rates at some point this…...
Federal court rejects Elon Musk's claims against OpenAI, saying he filed his lawsuit too late
3+ mon, 3+ week ago (152+ words) OAKLAND, Calif. (AP) — A federal court on Monday dismissed claims filed against OpenAI and its top executives by Elon Musk, who accused them of betraying a shared vision for it to remain a nonprofit d......
Analysis: Why Iran’s oil industry is increasingly threatened by U.S. blockade
4+ mon, 1+ week ago (856+ words) DUBAI, United Arab Emirates – Even as Iran squeezes world energy supplies with its chokehold on the Strait of Hormuz, its own oil industry is increasingly being threatened by an American blockade. With no way to export the oil it is…...
Russian oil to Slovakia resumes flowing through pipeline that crosses Ukraine
4+ mon, 2+ week ago (91+ words) BRATISLAVA, Slovakia (AP) — The flow of Russian oil to Slovakia through the Druzhba pipeline that crosses Ukraine has resumed, Slovak Economy Minister Denisa Saková said Thursday. Hungary and Slovakia... Russian oil to Slovakia resumes flowing through pipeline that crosses Ukraine…...
Wall Street flirts with a record after its big rally the last 2 weeks
4+ mon, 4+ week ago (685+ words) The S&P 500 rose 0.1% in morning trading and at one point was on track to eclipse its all-time high set in January. The Dow Jones Industrial Average was down 174 points, or 0.4%, as of 10:05 a.m. Eastern time, and the Nasdaq composite was…...
Big changes coming at The Durango Herald
5+ mon, 3+ week ago (366+ words) Local journalism is at the heart of a strong community. For more than a century, The Durango Herald has been committed to keeping Southwest Colorado informed, connected and engaged. Today, we are taking an important step to ensure we can…...
War with Iran chokes flows of oil and natural gas, highlighting energy security risks for Asia
6+ mon, 1+ week ago (969+ words) Asia is the most exposed since it relies heavily on imported fuel, much of it shipped through the Strait of Hormuz, the narrow passageway that carries a fifth of global trade in crude oil and liquified natural gas, or LNG....
US eases Venezuela oil sanctions as Trump seeks to boost world oil supply during Iran war
5+ mon, 3+ week ago (18+ words) The Durango Herald...
Gas prices spike in Durango amid conflict with Iran
5+ mon, 4+ week ago (494+ words) As of Friday, it was difficult to find a gas station in Durango charging less than $3.40 per gallon – a noticeable increase from about $2.80 in recent weeks. A Circle K on Main Avenue, among the most expensive in town, was charging…...
War with Iran delivers another shock to the global economy
6+ mon, 3+ day ago (1065+ words) The conflict is driving up energy and fertilizer prices; threatening food shortages in poor countries; destabilizing fragile states such as Pakistan; and complicating options for the inflation fighters at central banks like the Federal Reserve. Causing much of the pain:…...