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IEA says Europe has about 6 weeks of jet fuel left amid Hormuz crisis

The head of the International Energy Agency says Europe has “maybe 6 weeks or so jet fuel left” amid shortages due to Iran’s blockade of the Strait of Hormuz, the Associated Press reported Thursday. IEA Executive Director Fatih Birol offered the analysis in an interview, telling the AP that the…

Mamdani calls out Ken Griffin in push for ultra-rich second home tax in NYC

New York City Mayor Mamdani says he’s delivering on a core campaign promise: taxing the rich. Loading audio narration… On Tuesday, Mamdani backed New York Gov. Kathy Hochul’s proposal for the state’s first-ever tax on ultrawealthy second-home owners.To make the point, Mamdani singled out one of the most expensive homes in the country — hedge fund CEO Ken Griffin’s penthouse, which he bought for $238 million in 2019 — in a video posted online.”When I…

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Pentagon taps GM and Ford to ramp up US weapons production capacity

The Trump administration is turning to automakers and U.S. manufacturers to ramp up weapons production in a World War II-style push, a Pentagon official confirmed to FOX Business. “The Department of War is committed to rapidly expanding the defense industrial base by leveraging all available commercial solutions and technologies to…

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