Will Mamdani’s Grocery Stores Deliver Savings or Regret?
A Bloomberg Opinion article examines that Mayor Zohran Mamdani’s plan for five city-backed grocery stores may not deliver lasting lower food prices for New...
China’s Oil Imports Plunge as Higher Prices Hit Demand
China, the world’s largest crude oil importer, cut its crude imports by 32% in the second quarter of 2026 to 8.1 million barrels per...
Exxon, Chevron Ride Oil Surge to Strong Q2 Profits
The Wall Street Journal reports that ExxonMobil and Chevron delivered blockbuster second-quarter 2026 earnings, benefiting from higher oil and fuel prices caused by geopolitical...
China’s Factory Activity Unexpectedly Contracts in July
China’s factory activity unexpectedly contracted in July, with the official manufacturing PMI falling to 49.2 from 50.3 in June, signaling the first contraction in...
US Economy Grows 1.5% in Second Quarter
The Bureau of Economic Analysis (BEA) reported that the US economy grew at an annualized rate of 1.5% in the second quarter of 2026,...