Big Oil is raking in huge profits. Shareholders like Trump are cashing in. You’re paying for it with high gas prices.
Big Oil minted money as the Iran war delivered American drivers the highest gas prices on record for the third quarter.
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Stock market today: Nasdaq futures dive, S&P 500 futures fall as Amazon, Intel earnings rattle investors
US stock futures sank in the final trading day of the month as earnings from Amazon (AMZN) and Alphabet (GOOG, GOOGL) this week rekindled concerns about the amount of money Big Tech is spending on its AI ambitions.
Wall Street sell-off continues as investors question returns on massive AI spending
Wall Street braced for another steep day of losses Friday, with futures falling after the latest earnings from Big Tech reignited concerns that the massive spending on AI may not deliver the returns that investors expect.