business News — Wiresavvy
Wiresavvy Business News covers U.S. companies, corporate strategy, leadership, and the forces shaping the modern economy.
US Gas Prices Hit $4 for First Time Since 2022 Amid War
US gas prices surge past $4 per gallon as the Iran war disrupts global oil supply, raising inflation concerns and increasing costs for consumers worldwide.
U.S. Companies Face Higher Oil Prices, Squeezing Wall Street’s Bright Earnings Outlook
Despite a rosy 2026 earnings forecast, U.S. corporations are now grappling with the reality of significantly higher oil costs this year, even if the Iran conflict ends swiftly. Investors may need to rethink those optimistic Wall Street projections for corporate profits in 2026.
Federal Reserve Bank of New York: Consumers and Businesses Bore Nearly 90% of 2025 Tariff Costs
A new Federal Reserve Bank of New York analysis finds that nearly 90% of the economic burden from 2025 tariffs was paid by U.S. consumers and businesses, challenging claims that foreign exporters absorbed most costs.
Tesla Profit Drops 46% Amid Declining EV Sales, Shifting Focus to AI and Robotaxi Services
Tesla's profits have fallen 46% as it loses its position as the top EV maker to BYD. With declining sales and rising competition, the company pivots towards AI, self-driving cars, and robotaxis.