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Brent crude oil closed at $100.46 per barrel, up 9.22%, after Iran’s new supreme leader Mojtaba Khamenei declared the Strait of Hormuz must stay closed, sparking concerns over prolonged supply disruptions.
This marked the first time Brent crude settled above $100 since August 2022; U.S. West Texas Intermediate futures also jumped nearly 10% to $95.73.
The Senate failed for a fourth time to advance a funding measure for the Department of Homeland Security (DHS), with a 51-46 vote falling short of the required 60 votes.
Only one Democrat, Sen. John Fetterman of Pennsylvania, voted in favor of the measure, while the impasse has persisted for nearly a month since the shutdown began on Feb. 14.
Drivi...
Adobe announced that CEO Shantanu Narayen will step down after a successor is chosen and will stay on as chair of the board.
Adobe shares dropped 7% in extended trading following the news of Narayen’s departure.
Narayen’s tenure: Narayen joined Adobe in 1988 and became CEO in 2007, overseeing the company’s shift from software licenses to s...
Proposition 1, a $6.4 billion mental health bond narrowly approved by California voters in 2024, was intended to quickly expand treatment beds and housing for people with mental illness, but none of the initial 10 projects expected in 2025 have opened.
Nine out of ten projects supposed to open by the end of last year have been delayed, with new completion dates now ...
The Federal Trade Commission (FTC) will distribute $47.2 million in refunds to consumers who were allegedly deceived by Invitation Homes, the nation’s largest single-family home leasing company.
The refunds are part of a settlement following an FTC lawsuit accusing the Dallas-based company of deceptive leasing practices and hiding costs from renters.