Latest in Trump vows sweeping tariffs on oil, pharmaceuticals and semiconductors
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BP to ramp up oil and gas output in major shift away from green goals
Fossil fuel firm will cut more than $5bn from low-carbon investment plan in ‘fundamental reset’. Business live – latest updates BP is dropping green goals, ramping up oil and gas production ...The Guardian - Feb. 26 -
Oil major BP to slash renewable spending and double down on fossil fuels in strategy reset
British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion as part of a fundamental strategic reset.CNBC - Feb. 26 -
Why are players slipping at the 2025 NFL combine? Behind the new turf, field pellets at Lucas Oil Stadium
A new surface at the combine could be part of the issueCBS Sports - 6d -
Oil trail from crash site leads South Carolina deputies to killer's home
When South Carolina authorities found a fatally injured man near his dented BMW in May 2023, they suspected a hit-and-run crash. But an oil trail led them to a different conclusion. "48 Hours" ...CBS News - 6d -
The U.S. is the world’s largest oil producer. So why does it still import crude from Canada?
Trump’s Canada-Mexico tariffs threaten a price spike in gasoline prices.MarketWatch - 3d -
Saudi oil giant Aramco posts drop in full-year profit, slashes dividend
Saudi state oil producer Aramco reported a decline in net profit in 2024 and warned of a dividend cut.CNBC - 2d -
OPEC+ plan to lift output pulls Brent oil to lowest finish since September
Oil futures settled lower Tuesday, with global benchmark prices ending their lowest since November, a day after the Organization of the Petroleum Exporting Countries and its allies said they would ...MarketWatch - 2d -
UK proposes North Sea tax plan to peg payments to oil and gas prices
Consultation will explore mechanism that would replace controversial ‘windfall tax’ after 2030Financial Times - 1d -
Oil price tumbles to 3-year low on fears trade war will hit demand
Brent drops below $70 a barrel following larger-than-expected increase in US crude stocksFinancial Times - 1d -
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Big oil is waging ‘biggest campaign of political interference in US history’, senator says
Fossil fuel groups poured a record $96m into Trump ahead of the 2024 election, demanding more scrutiny, not less, says Sheldon Whitehouse. The Republican party’s capturing of the Senate and House ...The Guardian - 13h -
Oil snaps 4-day losing streak but remains stuck below $70 a barrel
Oil futures finished with small gains Thursday, snapping a four-day losing streak.MarketWatch - 4h -
U.S. will collapse Iran's economy by shutting down its oil industry, Treasury secretary says
Trump has launched a maximum pressure campaign on Iran but has also said he wants to negotiate a nuclear deal with the Islamic Republic.CNBC - 3h -
How do tariffs work?
President Trump has followed through on his threat to place tariffs on goods from Canada and Mexico and he's increased the tariffs already in place against China. CBS News business analyst Jill ...CBS News - 2d -
Tariffs are not going to solve America’s ills
Punitive import duties will neither reduce the US trade deficit nor boost employment in manufacturingFinancial Times - 2d -
Australian treasurer seeking tariff exemption in talks with Bessent
Australia’s treasurer, Jim Chalmers, will continue to push for steel and aluminum tariff exemptions in his discussions with Treasury Secretary Scott Bessent this week. Chalmers traveled to ...The Hill - Feb. 24 -
China tariffs set to take effect in March
Additional tariffs on China are expected to take place in March as President Trump insists on businesses making products in the U.S. CBS MoneyWatch correspondent Kelly O'Grady reports.CBS News - Feb. 27 -
White House set to impose tariffs this week
The White House is expected to impose tariffs on Mexico, Canada and China this week, which some economists say could raise prices for Americans and slow economic growth. Canada and Mexico both said ...CBS News - 4d -
Nvidia shares fall 9% on tariff fears
The company's stock price is down 13% since it reported earnings last Wednesday.CNBC - 3d -
Warren Buffett calls tariffs 'an act of war’
Legendary investor Warren Buffett likened tariffs to "an act of war" in a new interview as President Trump doubles down on his embrace of the economic strategy. In an interview that aired Sunday on ...The Hill - 2d -
Tariffs an 'expensive game to play': Powerteam International CEO
Tariffs are going to be an "expensive game to play," Bill Walsh, CEO and founder of Powerteam International, said.The Hill - 2d -
Canada slaps 25% retaliatory tariffs on U.S. goods
Canada is responding to President Trump's tariffs with retaliatory 25% tariffs on U.S. goods. CBS News national correspondent Lana Zak has more on the impact of the tariffs between the U.S. and ...CBS News - 2d -
Vance blasts Canada on drug trade as tariffs begin
Vice President JD Vance is calling out Canada, suggesting the U.S. ally needs to do more to prevent drugs from entering the country through its border. CBS News' Olivia Rinaldi reports on the ...CBS News - 2d -
Here's how tariffs will hit the U.S. housing market
Tariffs could increase builder costs anywhere from $7,500 to $10,000 per home, according to the chief economist of the National Association of Home Builders.CNBC - 2d -
Ontario premier hopeful tariff fight will end in days
Ontario Premier Doug Ford said he is hopeful the tariff fight between the U.S. and Canada will end within days. “I hope it stops within the next few days … And I'm not just saying that,” Ford told ...The Hill - 2d -
Tariffs on Mexico strike at the heart of small businesses in Texas
Small, independent businesses make up 70% of the restaurants in Texas. As tariffs on Mexico go into effect, they are among the first to shoulder the burden..ABC News - 2d -
Wednesday Briefing: Canada and China Strike Back at Tariffs
Plus, a top architecture award for Liu Jiakun.The New York Times - 1d -
It’s a growth scare first and a tariff scare second
Plus retail investor sentiment and Doge job cutsFinancial Times - 1d -
What economists get wrong about tariff wars
The history of global trade challenges Ricardo’s enduring economic theoryFinancial Times - 1d -
Tariffs Add a New Shock to Food Supply Chains
Companies made their supply chains stronger and more flexible because of the Covid pandemic. But they weren’t banking on tariffs.The New York Times - 1d -
US hints at possible tariff exemption for car industry
Trump expected to announce decision on potential relief from Canada and Mexico levies on WednesdayFinancial Times - 1d -
White House announces tariffs pause for U.S. automakers
President Trump's administration announced a one-month tariffs pause for U.S. automakers. This comes as stocks dove after Mr. Trump's tariffs took effect. CBS MoneyWatch correspondent Kelly O'Grady ...CBS News - 1d -
Carmakers Were Given a Monthlong Reprieve From Tariffs
Also, meet the man who wants to save the world from bad sound. Here’s the latest at the end of Wednesday.The New York Times - 1d -
Tariff tumult gives Senate GOP whiplash
President Trump’s continuous back-and-forth on tariffs is taking a toll on Republican lawmakers who admit the constant announcements are difficult to follow even as they try to assuage concerns ...The Hill - 13h -
Canadian companies struggling amid U.S. tariffs
Canadian companies are still coming to grips with this week's implementation of President Trump's tariffs. CBS News senior White House and political correspondent Ed O'Keefe reports.CBS News - 10h -
Family offices rattled by market swings and tariffs
While family offices pride themselves on investing for the long term, this week’s tariff volatility and confusion around government policy is causing many to slow their deal-making, according to ...NBC News - 6h -
FirstFT: US backtracks on Canada-Mexico tariffs
Also in today’s newsletter, Singapore’s DBS expands wealth management business, and Seven & i set to list North American 7-Eleven store businessFinancial Times - 2h -
Hasbro says it's taking steps to offset China tariff effects
Toy and gaming giant Hasbro is shifting manufacturing away from China as it eyes the effects of U.S. tariffs.CNBC - Feb. 20 -
Airbus Says U.S. Tariffs Would Be ‘Lose-Lose’ for Airline Industry
The European airline maker, which is Boeing’s chief rival, said it would adapt to any new tariffs, including passing on costs to its customers.The New York Times - Feb. 20
