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Crude oil prices would need to jump to roughly $138 a barrel amid the war on Iran and stay there for at least a few weeks to put the US at a serious risk of a recession, according to a new survey of economists released Thursday. Iran’s blockade of the Strait of Hormuz, a vital […]
WASHINGTON — Energy Secretary Chris Wright predicted that soaring oil prices will cool off within the “next few weeks” after the war in Iran ends, while sidestepping a question about whether he expects crude to top $200 a barrel. Oil prices have been hovering around $100 a barrel in the futures markets since President Trump announced a […]
Fuel prices could soar, and stay elevated for months. That could make groceries and other shipped goods more expensive. And consumers and businesses, stung by the rising costs, could choose to spend less, constraining economic growth. In the eyes of economists, that is the increasingly real and dire picture from the U.S.-led war with Iran, […]
Zoey Gong, a Chinese medicine food therapist, was days away from boarding an Emirates flight from Paris to Shanghai via Dubai, United Arab Emirates, when the U.S. and Israel attacked Iran last Saturday. Gong, 30, had her flight plans derailed as a result, and she told CNBC that she had to pay $1,600 to get […]
Netflix CEO Ted Sarandos failed Thursday to convince a skeptical Trump administration to approve his proposed takeover of Warner Bros. Discovery – and with that, his nearly done deal to buy WBD’s streaming service and studio went into a death spiral. Late Thursday, WBD deemed a revised bid of $31 a share from rival Paramount […]
Warner Bros. Discovery announced Tuesday it will restart talks with Paramount Skydance following the media giant’s revised offer – potentially heating up a bidding war with Netflix once again. Paramount last week sweetened its $30 per share all-cash offer with an agreement to pay the $2.8 billion termination fee to Netflix, as well as a […]
Different types of leather are seen at the Rio of Mercedes cowboy boot factory, on July 31, 2025, in Mercedes, Texas. Ronaldo Schemidt | AFP | Getty Images Bootmaker Twisted X — known for its Western footwear — was thrown into chaos overnight when President Donald Trump imposed sweeping tariffs on imports in April. The […]
Paramount Skydance has no immediate plans to sweeten its $30-a-share, all-cash bid for Warner Bros. Discovery – instead continuing to make its case to shareholders that its $78 billion offer is superior to the company’s current deal with streaming giant Netflix, The Post has learned. Paramount Skydance’s owners David and Larry Ellison and their partners […]
David Zaslav just pulled off one of the greatest media mergers of the century — but that doesn’t mean he’s done wheeling and dealing. The wily CEO of Warner Bros. Discovery has sold the media giant for $72 billion — more than doubling its value in a matter of months. He may get even more, […]
Netflix on Friday announced plans to acquire Warner Bros. Discovery’s studio and streaming business in a $72 billion deal – beating out Paramount and Comcast after a brutal bidding war. The merger is set to take place after WBD spins off its Discovery Global business into a new publicly-traded company, which is expected to be […]
