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- Could the Voter Backlash Against A.I. Actually Help the Economy?
Voter backlash could threaten the data center boom. Some economists think that could be a good thing. [TheTopNews] Read More.45 mins ago - Gas prices estimate rises for 2027, though consumers could still see relief from...
The gasoline prices American consumers are expected to face in 2027 are now projected to be higher than previously reported, though they should still see some relief relative to the prices at the pump that prevailed for much of 2026.The latest short-term energy outlook produced by the Energy Information Administration (EIA), the Energy Department's independent statistical agency, said that it expects supplies of gas and diesel to remain constrained through the end of 2027.EIA estimated in its November report that retail gasoline prices are expected to be $3.73 a gallon in 2027, which would be a decrease from $3.89 a gallon this year.However, the EIA's 2027 estimate represents an increase of 5% from the agency's outlook last month, when it projected gas prices to be $3.56 a gallon nationally in 2027.GAS PRICES FALL BELOW $4 A GALLON FOR FIRST TIME SINCE JULY"Although we expect the U.S. average retail price of gasoline and diesel to decline in 2027, we raised our forecast for those prices from last month's outlook," EIA explained.The agency's latest forecast for diesel sees retail prices at $5.03 a gallon in 2027, which was up from the prior forecast of $4.49 a gallon but would still be below the $5.25 a gallon for diesel that consumers have faced in 2026."We now assume global petroleum markets will face continued supply constraints through the end of 2027. These market conditions will support wider petroleum crack spreads next year and incentivize elevated U.S. refinery operations," EIA explained.CONSUMER INFLATION RISES FASTER THAN EXPECTED IN OCTOBER, CPI REPORT SHOWSThe forecast noted that in terms of the global energy market, crude oil prices rose for the third consecutive month in October due to falling inventories, attacks on oil tankers in the Persian Gulf, constrained shipping capacity and higher transportation costs that have tightened supply.EIA said that its forecast anticipates "most Middle East production outside Iran to return to pre-conflict averages by the middle of next year."While Brent crude oil spot prices are expected to remain near $100 per barrel for the rest of 2026, EIA forecasted that the price will gradually fall to an average of $77 a barrel in the fourth quarter of 2027.THANKSGIVING SHOPPERS FACE HIGHER TURKEY PRICES AS FAMILY FARMS STRUGGLE WITH RISING COSTSConsumer gas prices dropped below $4 a gallon this week for the first time since July on Tuesday, as data from AAA showed the national average price fell… [TheTopNews] Read More.2 hours ago - ‘Not the answer’: Labour MPs speak out against Rosebank as decision ...
There is a growing expectation among senior Labour figures that drilling in the oil field will be given the green light. [TheTopNews] Read More.2 hours ago - Ducati executive Jason Chinnock explains how operating a tank during Desert Stor...Jason Chinnock, the CEO of Ducati North America, told Fox News Digital his experience as a U.S. Army tank operator helped prepare him to lead the American division of the iconic motorcycle brand as the country commemorates Veterans Day. The Las Vegas native enlisted in the Army right out of high school in the 1980s and was stationed in Germany in 1990, just in time to witness the fallout of Berlin’s reunification."Imagine being an 18-year-old kid, 19-year-old kid with all of that history happening at your back door, which was amazing," Chinnock told Fox News Digital.RIDE A MOTORCYCLE WITH A 300-HORSEPOWER ROLLS-ROYCE AIRCRAFT ENGINE"Our job in Germany was to defend what was referred to as the Fulda Gap. This was still when there was an East and a West Germany. So yeah, it gives you an idea of how long ago it was," he said.Chinnock continued to witness history when, shortly after he was sent to Germany, Iraq’s Saddam Hussein invaded Kuwait."Quickly, this idea that we were going to be part of a European drawdown changed into a conflict in the Middle East," Chinnock told Fox News Digital."And so I was shipped over in December of that year to Saudi Arabia. I went over there in an advance party, which I volunteered for, which was honestly a spectacular experience," he said.Chinnock enlisted as an M1A1 tanker, beginning as a loader, whose job it was to keep tanks like the M1A1 Abrams stocked with artillery. He marveled at the fact that he was entrusted with such a heavy responsibility as a teenager."At that age, to go and load every single military vehicle possible with someone just signing off your license for everything to unload them out of these ships…" he ruminated.He worked his way up from loader to tank operator, and was deployed in the Middle East through Operation Desert Shield and Operation Desert Storm as part of the Army’s 3rd Armored Division, he told Fox News Digital.It wouldn’t be the last time he worked his way from the ground floor into the driver’s seat.Chinnock, who has led Ducati’s North American division for over a decade, also worked his way up from working at the parts counter in one of the brand’s Colorado stores to leading the company’s entire American operation."Working at a parts counter, I was at the epicenter of everything within the motorcycle business from a retail perspective: from the… [TheTopNews] Read More.2 hours ago
- Silicon Valley is ‘a center for espionage,’ former FBI agent warns a...Nvidia's investigation into the affair between CEO Jensen Huang and an alleged Chinese spy is highlighting the risk of espionage to Silicon Valley firms that are developing cutting-edge technology, particularly those linked to artificial intelligence or national defense.Huang admitted to and apologized for the affair in a statement on Sunday, when Nvidia's board of directors announced it had opened an independent investigation into the matter to determine if any national security or Nvidia secrets were compromised. At the time of the announcement, the board said it had no reason to believe that they had been, though the inquiry will examine all available information.Mark Trott, a former FBI special agent who is a program manager at Concentric Advisors, told FOX Business in an interview, "Silicon Valley is a center for espionage and everyone out here should understand that they are not isolated from the world," and that any tech executive or worker with access to proprietary information could be a target."Other nations are going to work tirelessly to acquire what the U.S. has built in Silicon Valley and the technologies that have been developed here," Trott said. He added that those technologies "could be potentially game-changing in terms of economic or military power for a nation," prompting operations to gain insights or access to them, or to keep the U.S. from making further advancements.NVIDIA CASE HIGHLIGHTS RISKS OF ALLEGED 'HONEYPOT' SCHEMES TARGETING EXECUTIVESTrott explained that espionage efforts could benefit the foreign government and its industries by gaining access to things like a company's strategic plans, research and development for new technologies or products such as advanced AI chips that may be subject to export controls.That can allow them to "save untold amounts of money and effort by taking what has been learned" and then allow foreign companies to move further along in their own development process, he said.Other foreign intelligence operations could see them feed executives information in the hope it's passed along to political leaders and can, in turn, influence U.S. policy in a certain direction.SHORT SELLER FLAGGED JENSEN HUANG'S 'UNCOMFORTABLY CLOSE' TIES TO ALLEGED CHINESE SPY MONTHS AGOTrott said tech executives should be in a defensive posture to "be on the lookout for potential approaches" that may "run the gamut of any and all human vulnerabilities.""Intelligence officers – if they're professional, and they're good – are experts in human behavior, and they're going to attempt to understand you better… [TheTopNews] Read More.2 hours ago
- Brad Friedel on Shrewsbury Town takeoverExclusive interview with BBC Radio Shropshire, Brad Friedel on Shrewsbury Town takeover. [TheTopNews] Read More.3 hours ago
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