Latest stories in Business and Finance.

After hitting oil tankers, Iran targets Navy warships and U.S. retaliates with ‘higher economic cost’ in new escalation that could transform the war

  • Trump called it "small potatoes," but clashes between the U.S. and Iran in the Strait of Hormuz are intensifying.
  • Iran recently launched missiles at U.S. bases and tried to strike a carrier and destroyer; the U.S. responded by striking three Iranian oil tankers tied to IRGC funding.
  • A U.S. naval blockade and tougher sanctions are hurting Iran’s economy and may push Tehran to escalate further—especially amid reports Russia may be helping Iran develop supersonic missiles.

DraftKings Promo Code: Bet $5, Get $200 on College Football This Weekend

  • DraftKings is offering new users a promo: bet $5 and get $200 in bonus bets for this big college football weekend.
  • The weekend’s biggest spotlight is Clemson at No. 11 LSU — Dabo Swinney vs. Lane Kiffin in Baton Rouge, with LSU’s transfer-portal overhaul adding extra intrigue.
  • Plenty more to watch: defending champion Indiana opens vs. North Texas and No. 1 Ohio State hosts Ball State in a loaded Week 1 slate.

Trump keeps heralding an economic boom, but even a solid jobs report is causing problems for him

  • A surprisingly strong August jobs report (162,000) didn’t please Trump — he angrily blamed the Fed, markets and trade partners for inflation rather than celebrating the gain.
  • The economy has grown only about 2% annually versus his promised boom, and his economic approval has slipped (around 32%), hurting voter confidence.
  • Tariffs, threats to cut foreign trade and a rising national debt (now over $40 trillion) are contributing to higher interest rates and political risk.

US military hits 3 Iranian oil tankers after saying Navy warships were targeted with missiles

  • The U.S. struck three Iranian oil tankers after Iranian missiles targeted a U.S. aircraft carrier and destroyer; U.S. officials said no American personnel were hurt.
  • Two tankers were reported "permanently disabled" and a third destroyed near Kharg Island, Jask and in the Gulf of Oman; the U.S. says they funded Iran’s Revolutionary Guard.
  • The strikes heighten risks to shipping and global oil flows through the Strait of Hormuz — even as President Trump had called the conflict "small potatoes."

The Venezuelan billionaire the US investigated for money laundering now has a Pentagon oil deal

  • Alejandro Betancourt — once the subject of U.S., Swiss and Spanish probes over alleged PDVSA money‑laundering — is now a pivotal broker in a U.S.-Venezuela oil deal that gives Washington long-term access to roughly one-fifth of Venezuela’s crude.
  • He reportedly helped enforce a U.S. naval blockade and broker oil exports (about 135 million barrels since January), increasing his influence with both U.S. and Venezuelan officials.
  • The rapid shift from suspect to key intermediary has raised concerns among former prosecutors and intelligence officials, since investigations remain unresolved though no charges have been brought.

Sam Altman says he's 'a mega Apple fan boy' and is sad they are suing OpenAI

  • Sam Altman calls himself a "mega Apple fanboy" and said he was "very sad" about Apple suing OpenAI.
  • Apple sued OpenAI in July alleging trade-secret theft by two former Apple employees, a move that has frayed a relationship that recently included a ChatGPT integration announcement and collaboration with Jony Ive.
  • Altman's longtime Apple nostalgia — demoing at WWDC, still owning a Macintosh LC II, and keeping "Grandma's birthday" Apple shares — makes the dispute feel surprisingly personal.

Get the full experience in the app — topics, comments, and audio summaries.

Download on the App Store Download on the App Store