ECONOMICS

It's called blowback: several years after California passed Proposition 47, which reclassified felony theft offenses as misdemeanors and effectively greenlit shoplifting of items below $950, the retail industry had had enough, and the same state that idiotically tried to give minorities a back-handed reparation by encouraging their petty theft (with the tongue-in-cheek promise of not prosecuting it), the state has seen countless retailers flee, social cohesion collapse, crime explode and (more…)

Senator Elizabeth Warren and Joe Kernen had a heated spat on "Squawk Box" Friday morning, as the CNBC anchor took her to school over the Democrats' plan to impose a federal ban on so-called "price (more…)

By Julianne Geiger of Oilprice.com

Oil prices have dipped, with Brent crude hovering around $77 per barrel, leading some market analysts to spot potential short-term buying opportunities. Citi Research, in a note dated August 21, and seen by Investing.com, sees this price pressure as a likely precursor to a rebound despite recent easing in geopolitical tensions.

The recent price decline is primarily driven by two key factors: easing geopolitical risks, particularly in Gaza (more…)