The World Just Released 400 Million Barrels of Oil. Prices Kept Climbing.
The IEA's largest-ever emergency release can't contain crude at $100 a barrel. The Strait of Hormuz bottleneck explains why.
Morgan Wells·
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Business Today
Latest business today articles and coverage
12 articles
Markets Drop 785 Points as Iran War, Tariffs, and Oil Prices Collide
The Dow's sharpest single-day decline since April 2025 signals that Wall Street can no longer price geopolitical risk as a temporary disruption.
Morgan Wells·
Minnesota's $243 Million Medicaid Lawsuit Opens a New Front in Federal Power
Minnesota is suing the Trump administration for illegally withholding Medicaid payments, in a case that could reshape how Washington wields federal funding as a weapon.
Morgan Wells·
Paramount Wins the Battle for Warner Bros. Discovery as Netflix Walks Away
Netflix abandoned its $83 billion bid, handing David Ellison control of HBO, CNN, and three major studios. Here's what it means for media.
Morgan Wells·
The Supreme Court Killed Trump's Tariffs. He Found Another Way in Hours.
A 6-3 ruling invalidated IEEPA tariffs, but Trump invoked a 1974 trade law within hours. The legal and economic battle is just starting.
Morgan Wells·
The US Just Sent Its Energy Secretary to Venezuela. That Hasn't Happened in 30 Years.
Chris Wright's three-day visit signals the most dramatic shift in US-Venezuela relations in decades, with a $100 billion oil reconstruction plan and newly lifted sanctions.
Morgan Wells·
AI Spending Will Hit $2.52 Trillion in 2026. Where Is All That Money Going?
Gartner's latest forecast shows AI investment accelerating faster than expected. The biggest winners are not who you might think.
Morgan Wells·
The EU-Mercosur Deal Is Moving Forward. Here's Why It Matters.
After 25 years of talks, 21 EU countries approved the trade agreement with South America. It will create the world's largest free trade area.
Morgan Wells·
Davos 2026: What the World's Elite Are Talking About This Week
The World Economic Forum kicks off amid global uncertainty. AI, tariffs, and geopolitical tensions dominate the agenda in the Swiss Alps.
Morgan Wells·
China's $1.2 Trillion Trade Surplus Shows Tariffs Aren't Working as Planned
Despite Trump's aggressive tariff campaign, China just posted a record trade surplus. The numbers reveal a strategic pivot that's reshaping global trade.
Morgan Wells·
DOJ Probe of Fed Chair Powell Sparks Constitutional Crisis
Former Fed chairs condemn the unprecedented criminal investigation as an attempt to pressure Powell on interest rates. Republican senators threaten to block nominations.
Morgan Wells·
Netflix vs. Paramount: The $100 Billion Fight for Warner Bros.
Warner Bros. Discovery's board rejected Paramount's hostile bid again. Here's why this merger battle will reshape entertainment.
Morgan Wells·