152 articles in the Economy category.
By Tommy Flynn
ANCHORAGE, Alaska – The Bureau of Land Management held a landmark oil and gas lease sale in the National Petroleum Reserve-Alaska (NPR-A) on March 18, 2026, generating a record $163,696,722 in high bids and delivering a major win for domestic energy production. The sale offered...
By Madeline Shannon
(The Center Square) – The proposed California billionaires tax would cost the state more money than it would bring in if the Golden State’s “golden goose” flocks to other states, according to a Stanford economist. Joshua Rahu, a finance professor at the Stanford Graduate School...
By RWTNews Staff
The Trump administration has temporarily waived sanctions on Iranian oil already loaded on vessels at sea, marking the first easing of such restrictions since they were imposed after the 1979 Islamic Revolution. Treasury Secretary Scott Bessent announced the narrowly tailored...
By Tommy Flynn
California’s Wallis Annenberg Wildlife Crossing — a massive overpass above ten lanes of the 101 Freeway in Agoura Hills designed for mountain lions, monarch butterflies and other wildlife — has ballooned to $114 million and remains unfinished years after groundbreaking. Governor...
By Tommy Flynn
The Trump administration issued a 60-day waiver of the Jones Act on March 17, 2026, allowing foreign-flagged vessels to transport fuel between U.S. ports in order to ease domestic supply bottlenecks caused by disruptions in the Strait of Hormuz. The Merchant Marine Act of 1920,...
By Tommy Flynn
President Donald Trump invoked the Defense Production Act (DPA) on March 13, 2026, directing Sable Offshore Corp. to resume operations at the Santa Ynez Unit and associated pipeline system off Southern California's coast, citing national security needs amid surging oil prices...
By Tommy Flynn
South Korea's National Assembly passed a special bill on March 12, 2026, to implement a $350 billion investment pledge in the United States, establishing a state-run corporation to oversee project selection and management with input from both countries' trade authorities. The...
By RWTNews Staff
The United Auto Workers (UAW) announced that targeted tariffs on imported heavy trucks have spurred a hiring surge and production expansion at the Detroit Diesel manufacturing complex in Michigan. In a March 11, 2026, Facebook post, the union stated Detroit Diesel will add a...
By RWTNews Staff
President Donald Trump announced on March 11, 2026, that the United States will tap into the Strategic Petroleum Reserve (SPR) to address surging oil prices stemming from the ongoing U.S.-Israeli military operation against Iran, dubbed Operation Epic Fury, which commenced on...
By Tommy Flynn
The International Energy Agency (IEA) on March 11, 2026, announced that its member countries would release 400 million barrels of crude oil from strategic reserves, marking the largest such action in the organization's history. The move aims to stabilize global energy markets...
By Tommy Flynn
Forbes Media Chairman Steve Forbes voiced strong support for President Donald Trump's decisive actions against Iran during an appearance on Newsmax TV's "Sunday Report" on March 10, 2026. Forbes described Iran as "terrorism central," noting the regime has targeted the U.S. for...
By Tommy Flynn
WASHINGTON – Oil prices fell and stock markets rose Monday after President Trump, in a CBS telephone interview, described the military action against Iran as "very complete, pretty much" and said it could end soon, easing fears of prolonged supply disruptions. Trump told CBS:...