Elon Musk tweeted on Wednesday that he would like to purchase Coca-Cola to "put the cocaine back in" the drink. Musk's post came two days after the billionaire acquired Twitter in a $44 billion deal. "Let's make Twitter maximum fun!" he tweeted less than an hour after voicing his plans for the beverage...
Russian Oligarchs Keep Dying Under Strange Circumstances
Last week, two more Russian oligarchs were found dead alongside their families within 48 hours of each other in alleged murder-suicides. They’re the latest of a series of high-profile Russians to die in mysterious circumstances in recent months. It’s not the first time there have been reports about Russian officials dying...
The World Is in Crisis, and That’s Good for the Economy
The war in Ukraine, the economic and social turmoil induced by China’s zero-Covid policy, the European Union’s collective security and defense awakening, and the polarization of American politics have combined to induce global economic pessimism. Yet none of these factors will stagnate long-term global growth. They will accelerate it,...
$1-Million Milestone: Orange County Median Home Price Hits Seven Figures
The median home price in Orange County reached $1 million last month, becoming the first Southern California county to ever hit that pricey mark and underscoring just how expensive the region has become. The Orange County milestone marks a momentous rise in wealth, at least on paper, for local...
Armenian Museum to Be Established in Iran
An Armenian museum will be launched in the city of Tabriz, Iran’s northwestern province of East Atrpatakan, said the head of the provincial chapter of the Cultural Heritage, Handicrafts and Tourism Department on Wednesday, IRNA reports. According to officials, the province hosts invaluable Armenian monuments such as Saint Stepanos Monastery, which...
The Strategic Logic of Russia’s War on Ukraine
The verdict is in: Russia invaded Ukraine for two reasons. One is Moscow’s obsessive pursuit of nationalist and imperial ambitions—unifying the two countries and eliminating a separate Ukrainian identity. The other is Vladimir Putin’s misperception—he is an insulated, overconfident autocrat who misplayed his hand. These theories are surely true, but...
Koch Industries Reverses Course and Says It Will Stop Doing Business in Russia
After more than a month of defying public pressure by continuing to do business in Russia despite its invasion of Ukraine, Koch Industries now says it's crafting an escape route. Koch President Dave Robertson told employees in a memo that Guardian Glass, a subsidiary of the Wichita, Kansas, industrial conglomerate, is working with its...
Analysis: U.S. Trucking Downturn Foreshadows Possible Economic Gloom
There has been an unexpectedly sharp downturn in demand to truck everything from food to furniture since the beginning of March and rates in the overheated segment that deals in on-demand trucking jobs - known as the spot market - are skidding. History has proven trucking to be a possible indicator...
Abu Dhabi Crude to Head to Europe, Replace Russian Oil – Sources
A shipping unit of France's TotalEnergies has provisionally chartered a tanker to load Abu Dhabi crude in early May for Europe, the first such shipment in two years, according to traders and a shipping report on Monday. More cargoes of Abu Dhabi crude grades - Murban, Das and Upper Zakum...
Weekly Exports of US Oil Products Hit an All-Time High Amid a Scramble to Replace Russian Supply
American oil and petroleum exports skyrocketed to their highest weekly volume ever during the week ending April 15, according to data from the Energy Information Administration. Last week, weekly exports from the US hit a record 10.6 million barrels a day, reinforcing the country's position as a last-ditch energy...