Overlooking the Pacific Ocean from his own golf course in Rancho Palos Verdes, former president Donald Trump praised his California property as one of the most beautiful in the world.
A sharp increase in gas prices likely pushed inflation higher in August compared with a year ago, yet a measure excluding energy and food costs is expected to fall for the fifth straight month, suggesting that the Federal Reserve’s interest rate hikes are still bringing down prices for many goods and services.
Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to prop up the sagging price of crude after two previous cuts to supply by major producing countries in the OPEC+ alliance failed to push oil higher.
As California lawmakers advance a bill that could ultimately punish oil companies for excessive profits, the state’s attorney general says that the legislative action will help hold oil companies accountable.