Category: Finance

Across the business world, companies often double down on struggling ideas, retreating only after clear evidence shows they won’t work. A recent spectacular example was Meta’s metaverse push. After the organization invested US$80 billion over several years, it announced changes in March 2026 that all but abandoned its grand strategy. But many companies are following […]

The United Arab Emirates’ decision to withdraw from the Organization of Petroleum Exporting Countries will leave the oil cartel weakened at a crucial time. It also illustrates the ongoing tensions between the UAE and Saudi Arabia, OPEC’s largest producer and de facto leader. The UAE announced on April 28, 2026, that it will depart OPEC […]

President Donald Trump just can’t quit tariffs. He suffered a major defeat when the Supreme Court ruled in February 2026 against the sweeping emergency tariffs he announced the previous year. Then, on May 7, a federal court knocked down the interim tariffs he announced after the high court’s decision. Yet Trump appears undeterred and keeps […]

Philadelphia Mayor Cherelle Parker has proposed a US$1 fee on all Uber, Lyft and other rideshare trips in the city to begin in 2027. The projected $48 million annual revenue would go entirely to support the chronically underfunded Philadelphia school district, which faces a $300 million budget deficit. Critics, including Uber, claim the tax will […]

People who shop at the more than 8,700 farmers markets operating in the U.S. either year-round or seasonally generally fall into six distinct groups. Three of them are more interested in farmers markets than the others. I study local food systems as a strategic communications scholar, and that’s the main takeaway from a study that […]

Most Americans tend to think about bats only around Halloween, but the U.S. economy benefits from these furry flying mammals every day. Bats pollinate plants, including many important food crops, when they stop by flowers to drink nectar. Their guano is mined from caves for fertilizer. And they eat a lot of bugs – the […]

John Hancock did something revolutionary 250 years ago when the Massachusetts merchant signed the Declaration of Independence, announcing to the world that 13 English colonies were freeing themselves from Great Britain and from monarchy. About a decade later, he signed up as a member of a charity aiding drowning strangers. That endeavor was revolutionary, too. […]

When gas prices rise, not everyone feels the pain equally. For low-income and rural Pennsylvanians, a trip to the gas station can mean choosing between a full tank and groceries. Many factors, such as crude oil costs, distribution and marketing, and to some extent Pennsylvania gas taxes all add up to keep Pennsylvania’s gas prices […]

Kevin Warsh is now likely to secure Senate approval on May 13, 2026, as the next Federal Reserve chair – and become arguably the most powerful central banker in the world. But when Warsh appeared before the Senate Banking Committee for his confirmation hearing in April, one punchy question underscored the dilemma that Warsh, lawmakers […]

With gasoline prices still high – averaging over US$4.50 a gallon in mid-May 2026 – President Donald Trump said he wanted Congress to suspend the federal gas tax, which is 18.4 cents a gallon for gasoline and 24.3 cents a gallon for diesel. A bill has been introduced in the Senate, and one is expected […]