Higher gas prices have cost U.S. drivers an additional $8.4 billion, Democrats say

American drivers have paid an additional $8.4 billion in fuel costs since the Iran war started, according to a new estimate from the Joint Economic Committee’s Democratic minority.  The lawmakers’ calculation is based on daily average gasoline prices as tracked by AAA between Feb. 28, when the U.S. and Israel attacked Iran, through March 31. The … Read more

NASA unveils ambitious $20 billion plan to build moon base near lunar south pole

NASA announced ambitious long-range plans Tuesday to spend $20 billion over the next seven years to build a moon base near the lunar south pole featuring habitats, pressurized rovers and nuclear power systems. The announcement came just over a week before the planned launch of NASA’s Artemis II around-the-moon mission.  NASA Administrator Jared Isaacman kicked … Read more

Nexstar to acquire rival broadcast company Tegna in $6.2 billion deal

Nexstar Media will acquire rival broadcast company Tegna for $6.2 billion, according to a joint announcement on Tuesday, another sign of consolidation in an already contracting TV broadcast sector. The transaction, if approved, will bring together two major players in U.S. television, expanding Nexstar’s reach in the U.S. television and local news landscape. Nexstar oversees … Read more

Hegseth defends $200 billion Iran war funding request reported by Washington Post

Defense Secretary Pete Hegseth responded Thursday to a Washington Post report that the Pentagon will ask Congress for an additional $200 billion for the Iran war. He said that the number could change because it “takes money to kill bad guys.” CBS News congressional correspondent Caitlin Huey-Burns has more from Capitol Hill. Source link

U.S. oil producers could get $63 billion boost from high crude prices, analysis shows

Soaring energy prices due to the Iran war could provide a massive windfall for U.S. oil companies. Rystad Energy, a market research firm, estimates that shale oil producers in the U.S. could earn an additional $63 billion in sales as prices soar past $100 a barrel.  If oil prices averaged $70 a barrel — their approximate level before … Read more