Ford pickups at California dealerships. Automakers eyeing US demand since war breaks out in Middle East (JUSTIN SULLIVAN) · JUSTIN SULLIVAN/GETTY IMAGES North AMERICA/Getty Images via AFP Automakers are expected to report weaker first-quarter sales in the U.S. as war in the Middle East clouded the industry’s outlook compared to last year’s extraordinary strength. The … Read more
Oil and gas prices are rising as the Strait of Hormuz remains largely closed due to the Iran conflict, raising concerns at home about the cost of fuel at the pump. The national average for gas prices rose this week to more than $4 a gallon, and diesel prices hit $5 a gallon — the … Read more
The stock market plunged on Monday morning after the White House announced that it might not be America’s job to reopen the Strait of Hormuz. The S&P 500 rose more than 1.5%, while the Nasdaq rose nearly 2%. In one night, a Wall Street Journal the report indicated that President Trump would be ready to … Read more