Economy & Inflation
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BREAKING NEWS
Why Americans Pay High Gas Prices Despite Record U.S. Oil Production and Exports
By Stephen Zogopoulos, USNN World News The Paradox at the Pump As of early May 2026, U.S. regular gasoline prices have climbed above $4.50 per gallon nationally amid disruptions from the U.S.-Israeli conflict with Iran and the closure of the Strait of Hormuz. Some regions see even higher figures, with California nearing or exceeding $6…
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Hantavirus Symptoms Reported on Cruise Evacuation Flight
By Tom Gantert A French citizen on the MV Hondius cruise ship came down with hantavirus symptoms while flying back to France, according to French Prime Minister Sebastien Lecornu. Lecornu on Sunday posted on X that there were five French citizens on board the cruise ship hit by a hantavirus outbreak, and all five were…
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Passengers Evacuate Cruise Ship Hit by Deadly Hantavirus Outbreak
By Tom Gantert The passengers and crew aboard the MV Hondius exited the hantavirus-stricken cruise ship in the Canary Islands on May 10. The European Centre for Disease Prevention and Control (ECDC) classified all passengers and crew as high-risk contacts as they disembark and return to their home countries. U.S. citizens were among the last…
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FIFA Triples Price to $32,970 for Its Best Available Tickets to the World Cup Final
By The Associated Press FIFA tripled the price of its best available tickets to the World Cup final, making $32,970 seats available Thursday for the July 19 match at MetLife Stadium in East Rutherford, New Jersey. Soccer’s governing body listed those seats as front category one on its sales site. It previously had a high…
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OpenAI Cofounder Greg Brockman Defends Company’s For-Profit Pivot—and His Own $30 Billion Payday
By Beige Luciano-Adams In the second week of a high-profile jury trial that could have a profound impact on the race for artificial intelligence (AI), OpenAI President Greg Brockman rejected allegations that he and other cofounders betrayed the company’s philanthropic mission and illegally enriched themselves by flipping the nonprofit lab into a for-profit corporation. Tesla…
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US Fighter Jet Disables 2 Iranian Tankers in Blockade Enforcement Action: CENTCOM
By Ryan Morgan A U.S. fighter jet fired on a pair of crude oil tankers as they attempted to bypass a U.S. blockade on May 8. U.S. Central Command (CENTCOM), which oversees military operations in the Middle East, announced that a U.S. Navy F/A-18 Super Hornet fighter jet launched from the aircraft carrier USS George…
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3 US Warships Fended off Iranian Missile, Drone Attacks, CENTCOM Says
By Ryan Morgan A trio of U.S. warships fended off a series of attacks from Iranian missiles, drones, and attack boats on May 7, the U.S. Central Command (CENTCOM) announced. CENTCOM said the guided-missile destroyers USS Truxtun, USS Rafael Peralta, and USS Mason were sailing through the Strait of Hormuz on May 7 when they…
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Jobless Claims Stay Near Historic Lows Ahead of April Jobs Report
By Andrew Moran The number of Americans filing applications for unemployment benefits remained historically low last week ahead of the April jobs report. For the week ending May 2, initial jobless claims rose by 10,000 from the previous week to a seasonally adjusted 200,000, according to new Department of Labor data released on May 7. Economists…
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Baltic Nations Call for More NATO Aerial Defense After Suspected Stray Ukrainian Drones Hit Latvia
By Victoria Friedman Latvia and Lithuania on May 7 called for NATO to increase air defenses over the region after two suspected stray Ukrainian drones crossed over the border with Russia and crashed in Latvia, with one of the drones exploding at an oil storage facility. Police and firefighters said that four empty oil tanks…
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Testing Finds High-Grade Gold at Historic McCabe Mine in Arizona
By Jill McLaughlin Results from drilling deep, unexplored veins at the historic McCabe Mine in Arizona indicate the once-abandoned site could again produce high-quality gold, Arizona Eagle Mining Corp. said on May 6. “These initial results are an excellent start to the … drill program, validating our belief that significant high-grade gold and silver mineralization remains…
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