Latest Corporate News News
Shell Oil Reports $6.9 Billion Q1 Profits Amid Iran War Oil Surge
Shell Oil announced $6.9 billion in first-quarter profits, its highest in years, after President Trump's war against Iran caused global oil prices to skyrocket. This exceeded shareholder expectations.
European Fossil Fuel Giants Collectively Earn $22 Billion in Q1
The six largest European fossil fuel companies reported a combined $22 billion in profits during the first three months of 2026. Profits were boosted by elevated oil prices from the US-Iran conflict.
US Families Face $1,750 Extra Annual Fuel Costs Due to Iran War
A report by Massachusetts Senator Ed Markey's office finds average US families with two cars will pay an extra $1,750 at the pump this year compared to pre-war levels. This stems from skyrocketing oil prices.
US Auto Loan Debt Hits Record $1.7 Trillion High
US auto loan debt has reached a near-record $1.7 trillion, exacerbated by higher fuel costs from the Iran conflict. This adds to consumer financial pressures amid rising prices.
Trump Economic Advisor Boasts of Surging US Credit Card Spending
President Trump's senior economic advisor Kevin Hassett told Fox Business that US credit card spending is 'through the roof,' citing data from a major bank. This occurs despite record debts and inflation.
UAE Arrests and Deports Up to 15,000 Pakistani Workers
A new report reveals UAE authorities have arrested and deported up to 15,000 Pakistani workers, many amid regional tensions. This impacts labor markets in the Gulf.
Marjorie Taylor Greene Slams Trump UFO Release as Propaganda Distraction
Rep. Marjorie Taylor Greene accused the Trump administration of using a Pentagon UFO file release as 'shiny object propaganda' to divert attention from the Iran war and inflation. The Pentagon declassified 162 UFO/UAP files.
Trump Celebrates UFO Files Release as Transparency Win
President Trump hailed the Pentagon's release of 162 declassified UFO and UAP files and a new online archive as a major transparency victory. Critics question the timing amid other crises.
US Court Strikes Down Trump's 10% Global Tariffs
The U.S. Court of International Trade ruled 2-1 against President Trump's 10% global tariffs effective February 24, finding them unjustified under 1970s trade law. Small businesses challenged the policy successfully.
CIA: Iran Can Withstand US Port Blockade for Four More Months
A CIA assessment indicates Iran will not face severe economic pressure from a US blockade of its ports for another four months. This relates to ongoing Middle East conflict impacts on energy firms.