President Donald Trump signed an executive order on Wednesday imposing an additional 25% tariff on Indian goods, citing India’s continuous purchasing of Russian oil. This raises the total tariffs on Indian imports to 50%.
Read More Trump imposes additional 25% tariff on India for purchasing more Russian oil, bringing total levies to 50%
White House Deputy Chief of Staff Stephen Miller accused India of effectively funding Russia’s war in Ukraine by continuing to purchase Russian oil, despite U.S. tariffs imposed in response.
Read More Stephen Miller accuses India of financing Russia’s war in Ukraine
The S&P 500 and Nasdaq climbed to new record highs after Microsoft’s blockbuster earnings and investor confidence in artificial intelligence.
Read More Wall Street jumps as Microsoft enters $4 trillion club after results
President Donald Trump has announced that the U.S. will impose a 25% blanket tariff on India, with further tariff increases imminent due to the nation’s decision to purchase Russian oil.
Read More Trump imposes 25% tariff and ‘additional penalties’ on India for purchasing Russian oil, military equipment
Continental Resources has dropped a lawsuit against rival Hess, which alleged it was defrauded out of up to $69 million through a series of deals the well operator conducted with its subsidiaries.
Read More US oil producer Continental Resources drops fraud lawsuit against rival Hess
Chevron closed its $55 billion acquisition of Hess after winning a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery in decades.
Read More Chevron closes Hess acquisition after winning Exxon legal battle