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Chevron reported its largest quarterly net profit ever—$12.1 billion—on Friday as the Big Oil giants demonstrate how they’re reaping the rewards of the Iran war’s oil and gas supply disruptions worldwide.ExxonMobil’s $14.5 billion second-quarter income and Shell’s $10.8 billion...

For months, Amazon would not say whether it planned to seek a refund on the tariffs President Donald Trump imposed under emergency powers. In May, that silence became a legal problem when consumers filed a class-action lawsuit in federal...

In 1993, James Carville, an advisor to President Clinton, mused that if he were reincarnated, he wouldn’t choose to return as an elite athlete or historic figure—he’d come back as the bond market. “You can intimidate everyone,” he reasoned.At...

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When famed Italian supercar brand Ferrari announced its first EV, the Luce, in May, the car was mocked relentlessly online, in part due to its design that was spearheaded by former Apple designer Jony Ive. The backlash led to...

Amazon’s stock price jumped more than 9% in after-hours trading on Thursday after the retail-and-AI giant reported second-quarter results buoyed by its Amazon Web Services cloud business, which is racing faster ahead than it has in more than four...

Prediction markets are deepening their foothold in Major League Baseball. On Thursday, Novig, an up-and-coming trading platform, announced a multi-year deal with the New York Mets to become the team’s exclusive prediction market partner.The Mets are the first MLB...

Welcome to Eye on AI. Beatrice Nolan here. In today’s issue:Has OpenAI quietly hit pause on some AI development?Trump says the government is “looking at controls” for AI.Another Thinking Machines co-founder hops back to OpenAI.And OpenAI’s rogue agents breached...

From gas to housing to groceries, consumers can’t escape inflation in their everyday lives. So why can’t policymakers agree on what the data is telling them – and if prices are falling fast enough?With tariffs...

Between inflation, rising car and property insurance premiums and the costs of contending with extreme weather, many Florida homeowners are feeling financially squeezed.While the ballot box can’t change the risk of floods or hurricanes, a...