Economy

Al Jazeera English Jul 14

Brent Crude Oil Prices Approach $85 Amid US-Iran Tensions

Brent crude oil prices are nearing $85 per barrel, marking a one-month high. The rise in prices is linked to escalating tensions between the United States and Iran, which could impact the security of the Strait of Hormuz.

Bias: 4 Sentiment: +0.00

Al Jazeera English Jul 13

Over 200 Economists and AI Researchers Urge Immediate Preparation for AI's Economic Impact

A group of over 200 economists and AI researchers has urged world leaders to prepare for significant economic disruptions resulting from artificial intelligence. They stress the importance of taking immediate action to mitigate potential impacts.

Bias: 14 Sentiment: +0.10

Washington Examiner Jul 13

Economists and AI Leaders Call for Action on AI's Economic Impact

A group of nearly 200 economists and AI experts has issued a statement calling for proactive measures to address the economic transformations expected from artificial intelligence. The statement emphasizes the potential for significant changes in the economy and the importance of societal and governmental responses to manage these changes effectively.

Bias: 30 Sentiment: +0.10

New York Post Jul 13

Average Manhattan Rent Reaches Nearly $5,500, Brooklyn Also Sees Increases

In June 2026, the average rent for a one-bedroom apartment in Manhattan reached nearly $5,500, setting a new record. Brooklyn is also seeing significant rent increases, reflecting ongoing challenges in the city's housing market.

Bias: 30 Sentiment: -0.10

New York Post Jul 13

Federal Reserve Governor Discusses Potential Interest Rate Hikes Due to Inflation

Federal Reserve officials are monitoring inflation, which has reached a three-year high amid the conflict in Iran. A Federal Reserve Governor stated that interest rate hikes may be necessary if inflation remains elevated, indicating a shift towards a tightening monetary policy.

Bias: 4 Sentiment: +0.00

Axios Jul 13

Oil Prices Rise Following Trump's Claim of Naval Blockade on Iran

On July 13, 2026, oil prices surged by about 9% to approximately $83 per barrel after President Trump announced a reinstatement of a naval blockade on Iran. The average U.S. gasoline price rose to $3.87 per gallon, while tracking services reported a decline in vessel traffic through the Hormuz Strait, contradicting Trump's assertions.

Bias: 4 Sentiment: +0.10

Washington Examiner Jul 13

Iran Exports Over $6 Billion in Oil Products Before US Blockade Reinstatement

Iran exported over $6 billion worth of oil products in the 26 days before the U.S. reinstated a blockade on July 13. The exports included more than 80 million barrels, but approximately 30 million barrels remained in storage due to the blockade. Reports indicate that Iran's total oil storage capacity is around 95 million barrels, with additional floating storage available.

Bias: 4 Sentiment: +0.00

Washington Examiner Jul 13

Trump Claims Strait of Hormuz is Open Amid Oil Market Tensions

President Donald Trump asserted that the Strait of Hormuz remains open, countering Iranian claims of its closure. This statement follows heightened tensions between the U.S. and Iran, which have led to a significant increase in oil prices. Analysts suggest that the market's response indicates continued uncertainty regarding the situation.

Bias: 4 Sentiment: +0.10

The Verge Jul 13

States File Lawsuit to Block Paramount and Warner Bros Discovery Merger

Twelve state attorneys general have filed a lawsuit to block the $110 billion merger of Paramount and Warner Bros Discovery, citing concerns over competition and potential price increases. The states involved include California, New York, and others. This lawsuit comes after the Justice Department chose not to intervene in the merger.

Bias: 45 Sentiment: +0.00

Fox News — Politics Jul 13

European Union Continues to Import Russian LNG Amid Ongoing Conflict in Ukraine

European Union countries have imported significant quantities of liquefied natural gas from Russia in the first half of 2026, despite ongoing efforts to reduce dependence on Russian energy sources. An analysis revealed that 136 of 140 cargoes from Russia's Yamal LNG project were delivered to EU ports, totaling approximately €5.96 billion. The EU has committed to phasing out Russian gas imports by 2027, but challenges remain in balancing energy security with sanctions against Russia.

Bias: 14 Sentiment: -0.10

New York Times — Business Jul 13

Federal Reserve Governor Christopher Waller Indicates Potential Interest Rate Increase

Christopher J. Waller, a Federal Reserve governor, indicated that the central bank might consider increasing interest rates if inflation continues to be elevated. His comments reflect ongoing concerns about inflationary pressures in the economy.

Bias: 4 Sentiment: +0.00

Fox News — Politics Jul 13

New York City Mayor Faces Criticism Over Rising Rents Amid Immigration Debate

New York City Mayor Zohran Mamdani is facing criticism as rents in Manhattan and Brooklyn reach record highs, with some attributing the increase to immigration. Median rents in Manhattan and Brooklyn are reported at $5,295 and $4,350, respectively. Critics suggest that Mamdani's policies, including rent freezes, may exacerbate the housing crisis, while the mayor's office has not commented on the situation.

Bias: 14 Sentiment: -0.10

Fox News — Latest Jul 13

New York City Mayor Faces Criticism Over Rising Rents Amid Immigration Debate

New York City Mayor Zohran Mamdani is under scrutiny as rents in Manhattan and Brooklyn hit record highs, with critics linking the increases to immigration. Studies suggest that rising immigration correlates with higher rents. In response, Comptroller Mark Levine has proposed measures to increase housing supply, while Mamdani has implemented a rent freeze and plans for affordable housing development.

Bias: 14 Sentiment: -0.10

cnbc.com Jul 13

Trump proposes 20% toll on cargo through Strait of Hormuz and reinstates blockade on Iran

On July 13, 2026, President Donald Trump announced a 20% fee on cargo shipped through the Strait of Hormuz and reinstated a blockade on Iranian ports. The U.S. aims to position itself as the 'guardian' of the strait, with Trump stating that all countries except Iran will have access. Experts have raised concerns about the practicality of guaranteeing safe passage for vessels.

Bias: 4 Sentiment: -0.10

cnbc.com Jul 13

U.S. and Iran Engage in Military Strikes Amid Strait of Hormuz Tensions

Iran has retaliated against U.S. strikes by attacking American military bases in multiple Gulf states, intensifying the standoff in the Strait of Hormuz. The U.S. reported successful operations against Iranian military capabilities, while both nations issued conflicting statements about the status of shipping in the area. Oil prices rose amid fears of further disruptions.

Bias: 4 Sentiment: +0.00

Washington Examiner Jul 13

Local Opposition to Data Centers Grows Amid Changing Public Sentiment

Public sentiment towards data centers is shifting, with a significant portion of the population opposing their construction in local areas. States that previously incentivized data center development are now reconsidering these policies due to rising public concerns about infrastructure impacts. Experts highlight the need for transparency and community engagement from developers to address these challenges.

Bias: 30 Sentiment: +0.00

Washington Post — Business Jul 13

Businesses anticipate prolonged inflation due to rising costs

Businesses are expressing concerns about sustained inflation driven by tariffs, energy costs, and demand from AI data centers. This situation raises the possibility that inflation could remain above the Federal Reserve's target rate.

Bias: 4 Sentiment: -0.10

NPR — Top Stories Jul 13

Colorado Introduces Law to Address EV Battery Recycling Costs

Colorado has enacted a law to tackle the economic difficulties of recycling electric vehicle batteries, where the recycling costs often surpass the batteries' worth. This initiative seeks to improve the recycling process and its viability.

Bias: 4 Sentiment: +0.00

Al Jazeera English Jul 13

Oil Prices Increase Following US-Iran Tensions in Strait of Hormuz

On July 13, 2026, Brent crude oil prices rose by more than 4% due to escalating tensions between the US and Iran over the Strait of Hormuz. This area is significant for international oil transportation.

Bias: 4 Sentiment: -0.10

semafor.com Jul 12

Paramount Considers Relocating Amid Warner Bros. Discovery Merger Challenges

Paramount is considering relocating its headquarters due to challenges with its merger with Warner Bros. Discovery, particularly in light of potential legal action from California's Attorney General. Discussions about moving operations have emerged as a negotiating tactic, though no decisions have been made. Paramount has proposed commitments to maintain jobs and production in California while expressing frustration over the lack of engagement from Bonta's office.

Bias: 4 Sentiment: +0.00