The Phillips 66 Company’s Los Angeles Refinery in California. Bing Guan | Reuters The oil price outlook is being hit with more bearish forecasts on the back of U.S. President Donald Trump’s sweeping and market-hammering tariff announcements. Businesses and investors worry that a trade war and lower global growth lies ahead. Goldman Sachs on Thursday […]

Key Takeaways Today’s nation-leading CD rate is 4.65%, available from three different institutions with terms ranging from 5 to 7 months. CD shoppers also have eight additional choices for locking in a rate of 4.55% or better. For a rate guaranteed to 2026, both Abound Credit Union and Vibrant Credit Union pay 4.60%—for 10 months

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British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024. Nurphoto | Nurphoto | Getty Images British oil major BP on Friday said its chair Helge Lund will soon step down, kickstarting a succession process shortly after the company launched a fundamental strategic reset. “Having fundamentally

Key Takeaways President Donald Trump’s tariffs against trading partners announced Wednesday were billed as “reciprocal,” targeting countries that have their own trade barriers against U.S. goods. However, economists and trade experts said that because of the way the White House calculated the rates, these tariffs seem to be based on trade deficits. Trade experts questioned

U.S. President Donald Trump stands, after delivering remarks on tariffs, in the Rose Garden at the White House in Washington, D.C., U.S., April 2, 2025.  Leah Millis | Reuters Global markets, businesses and long-standing geopolitical relationships were thrown into disarray on Thursday, the day after U.S. President Donald Trump announced his tariff policy — and Europe

Chinese national flags flutter on boats near shipping containers at the Yangshan Port outside Shanghai, China, February 7, 2025.  Go Nakamura | Reuters BEIJING — China’s reaction to new U.S. tariffs will likely focus on domestic stimulus and strengthening ties with trading partners, according to analysts based in Greater China. Hours after U.S. President Donald

Key Takeaways Nike shares plunged Thursday amid concerns the Trump administration’s recently announced reciprocal tariffs could weigh on the company’s profits. Since breaking down below the neckline of a head and shoulders pattern last June, the stock has continued to trend sharply lower, with the price falling decisively below the 200-month moving average to kick

Memorial Day marks the unofficial beginning of summer in the U.S., but the days leading up to it tend to bring the biggest airport crowds. Some days around the long weekend are significantly busier than others, and if you can afford to be flexible when flying during Memorial Day weekend, you’ll save money and avoid

Economists, market watchers and consumers alike are still trying to understand the implications of President Donald Trump’s announcement on Wednesday of sweeping new tariffs. The plan, part of Trump’s “Make America Wealthy Again” initiatives, features a baseline 10% tariff on all U.S. trading partners as well as duties as high as 50% on nations with