Siddharth Singh For the next six months, the Biden administration will discharge 1 million barrels of oil each day, not just for the scent, but also to flood the market with supply and bring down soaring gas prices. This is the largest release from the Strategic Petroleum Reserve (SPR) ever declared by the United States, demonstrating how … Read more
Zuck has been binge-watching too much House of Cards. According to a story in the Washington Post, Meta recruited a top Republican consulting firm to assist distribute bad messaging about competitor TikTok in a campaign reminiscent of Frank Underwood’s political scams. Targeted Victory, a consulting firm, produced anti-TikTok opinion pieces in local newspapers, deliberately campaigned … Read more
March started out as a bear and ended up as a bull for the US stock market. Stocks have regained all of their losses since the start of the Ukraine conflict and, with another push, might end the year in the black. Apple, the world’s most valuable firm, is leading the charge. It’s currently on … Read more
As gas prices around the country approach record highs, a few of states are doing something some of your closest friends have never been able to do: pitching in for gas. Georgia’s 29-cent-per-gallon gas tax will be suspended until the end of May. Connecticut’s 25-cent-per-gallon gas tax will be suspended until June 30. The 36.1 … Read more
At last night’s Oscars, CODA made a big business move: It was made by a streaming service and won best picture, making it the first time a streaming service won that award. Apple TV+ paid a record $25 million for the movie, which tells the storey of the only hearing member of a deaf family. … Read more
One of the most powerful women in business is Indra Nooyi, who was the former chair and CEO of PepsiCo. She is known for her business skills, but also because she showed how to balance a demanding job with a good family life. Her new book, My Life in Full, says that businesses should put … Read more
Countries in Europe are racing to find new sources of energy to replace the Russian supplies they’ve said they won’t use anymore. They’re going on a “Amazing Race”-style search. In the last few days, they’ve found a willing partner: The US said it would work with other countries to send more liquefied natural gas to … Read more
It’s been more than 10 years since the movie Gangs of New York came out, but Uber and New York City taxis are now working together. Uber announced Thursday that its app will let users hail a yellow taxi in the Big Apple. There are 14,000 cabs in New York City, and there are also … Read more
He said on Tuesday that the war in Ukraine could “turn into a global food crisis,” and one of the main reasons might be a little surprising: rising fertiliser prices. Industrial-scale crops need a little more attention than your succulents on your window sill. Farmers use fertilisers to give crops the nutrients they need and … Read more
The world’s smallest violin is playing as the EU, the UK, and the US work together to seize the assets of Russian oligarchs who have been banned from the country. During his State of the Union speech earlier this month, President Biden said that the West would “seize your yachts.” We are going to take … Read more
