Economy

Economy
Economy

Hershey to resume using chocolate in most products; Reese’s grandson may taste sweet victory

The grandson of the inventor of the Reese’s Peanut Butter Cups, who has publicly criticized The Hershey Company for tinkering with the classic formula in its spinoff products, appears to have gotten some sweet revenge. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The candy company has announced

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Economy

Republican leaders announce two-track plan to end the DHS shutdown

WASHINGTON — House and Senate Republican leaders jointly announced a plan Wednesday that they said would end the shutdown of the Department of Homeland Security that caused major airport delays. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. “In the coming days, Republicans in the Senate and House will

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Economy

Trump says his ‘preference’ would be to ‘take the oil in Iran’

President Donald Trump said Sunday that he would like to “take the oil in Iran” and is considering seizing the export hub of Kharg Island, which is responsible for more than 90% of Iran’s oil exports. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. In an interview with

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Economy

U.S. crude tops $100 and the S&P 500 approaches correction as Iran war enters second month

Global oil prices continued their recent climb and the S&P 500 closed lower Monday after a weekend when Iran-backed Houthi militants launched ballistic missiles at Israel and 3,500 additional U.S. troops arrived in the Middle East. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The conflict between Iran,

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Economy

The world economy is experiencing the most severe oil shock in decades. The worst could still be on the way.

Surging oil prices continue to ripple through the global economy because of the war with Iran. Now, some analysts say the worst could still be ahead as the conflict drags on. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The concern is that beyond immediate knock-on effects from

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Economy

Average U.S. gas price hits $4 for the first time since 2022

The average price of a gallon of gasoline hit $4 Tuesday for the first time since mid-2022, as the cost of oil surges due to the Iran war. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. In the month since the United States and Israel attacked Iran, the

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Economy

A global jet fuel shortage is raising the cost of air travel

American flyers still smarting from interminable airport security lines are about to get another shock. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. A looming global jet fuel shortage is expected to hike the cost of air travel and reduce flight schedules, as airlines look to offset rising

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Economy

When will TSA lines go back to normal? Travelers may face delays for days or weeks

Travelers frustrated by long security lines may not see immediate relief, even as Transportation Security Administration officers begin receiving pay again on Monday after working without wages for more than a month during the partial government shutdown. President Donald Trump signed an executive order Thursday directing federal officials to ensure that TSA workers are paid

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Economy

Markets plunge and U.S. oil hits $100 as Trump’s ability to reassure Wall Street hits its limit

President Donald Trump is used to bending financial markets to his will. But with the war in Iran, he may have reached the limit of his ability to do so. On Friday, the S&P 500 closed down 1.7% and notched its fifth-straight weekly decline, its worst stretch since 2022 and a sign of rapidly faltering

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Economy

Judge blocks Trump administration from limiting Anthropic’s contracts with federal government

A federal judge in California has blocked the Trump administration from designating Anthropic as a supply chain risk to national security and cutting off the AI company’s work with federal agencies. Anthropic sued the Defense Department and other federal agencies this month after the Pentagon labeled it a “supply-chain risk to national security.” President Donald

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