California gas prices remain above $6 a gallon, and state energy officials are warning that pump prices could rise further if fuel supply pressure worsens in the coming weeks. As of Saturday, May 16, 2026, AAA listed California’s average regular gas price at $6.140 per gallon, far above the national average of $4.517. In the Bay Area, AAA showed regular gas averaging $6.315 in San Francisco, $6.205 in Oakland and $6.130 in San Jose. California Gas Prices Stay Ab

On May 15, 2026, President Donald Trump was accused of corruption after disclosures revealed major stock trades in his name. Reports focused on purchases of Nvidia shares, a leading company in AI chip technology, and raised concerns over national security. Critics argued that Trump allowed Nvidia to sell products to China, boosting stock value while personally buying millions in shares, creat

The Indian rupee has reached a historic low of 96 against the US dollar, affecting household budgets, imported goods, and fuel prices. With each dollar costing more in rupees, daily expenses are rising for families across India. Why the Rupee Is Weak Today Several factors are driving the rupee’s decline: Rising Oil Prices Global tensions near key oil routes have pushed crude prices above $

WASHINGTON — Do senators get paid during government shutdowns? A new Senate rule would delay their salaries during future federal funding lapses, but the money would still be released after the shutdown ends. The U.S. Senate voted unanimously on Thursday, May 14, 2026, to withhold senators’ pay whenever a government shutdown affects one or more federal agencies. Senate Shutdown Pay Rule Explained The measure, sponsored by Sen. John Kennedy,

Bay Area gas prices eased slightly during the week ending Thursday, May 14, 2026, but drivers across Northern California were still paying some of the highest fuel costs in the United States. AAA data showed California’s average regular gasoline price at $6.147 per gallon on Thursday, compared with the national average of $4.534. California remained the most expensive state for regular gasoline in AAA’s state price data.

Kevin Warsh was confirmed as Federal Reserve chair on Wednesday, May 13, 2026, placing President Donald Trump’s nominee at the center of a high-stakes debate over inflation, interest rates and the independence of the U.S. central bank. The Senate approved Warsh in a 54–45 largely party-line vote, clearing the way for the former Federal Reserve official to succeed Jerome Powell. The confirmation followed uncertainty tied to a Justice Department investigation involving Powell, whi

JPMorgan Chase is facing renewed scrutiny after former banker Chirayu Rana rejected a reported $1 million settlement offer tied to allegations of sexual assault, racial harassment, and workplace misconduct in New York City. The refiled lawsuit, submitted this week, includes new witness statements

EU-India FTA May Begin Within A Year The EU-India FTA could come into force within a year, potentially by early 2027, after both sides concluded negotiations on January 27, 2026. European Union Ambassador to India Hervé Delphin said the landmark free trade agreement is now moving through legal and procedural steps before ratification. The process includes legal vetting of the final text, followed by approvals in India and the European Union.

MS Dhoni Leads Taxpayer List In Jharkhand-Bihar MS Dhoni has emerged as the highest individual taxpayer from the Jharkhand-Bihar region as income tax collection touched around ₹20,000 crore in FY26, officials said. The Income Tax Department’s collection from Jharkhand and Bihar during the 2025–26 financial year marks a strong revenue signal from eastern India, a region often overshadowed by larger metro-driven tax zones. ₹20,00

Andhra Pradesh has emerged as a hotspot for fresh investments, as evidenced by the announcements made during the 17th State Investment Promotion Board (SIPB) meeting. The state continues to attract national and international investors across various sectors, such as renewable energy, green hydrogen, bio CNG, manufacturing, and data infrastructure, bringing an unprecedented boost to its industrial and employment landscape.

West Bengal Chief Minister Mamata Banerjee has firmly rejected calls to resign following the defeat of her party, Trinamool Congress (TMC), in the recent West Bengal Assembly Elections. Despite the electoral setback, Banerjee has declared that she will not step down, describing the demand for her resignation as a "symbolic protest." The TMC leader made these remarks during a closed-door party meeting with senior party leaders and newly elected MLAs on May 6. Banerjee added that she would not

India and Vietnam have agreed to strengthen their economic ties with an ambitious goal of increasing bilateral trade to USD 25 billion by 2030. This announcement, made by Prime Minister Narendra Modi on May 6, 2026, is part of a new strategic roadmap designed to expand economic and sector-specific cooperation between the two countries. The announcement was made following the signing of several Memoranda of Understanding (MoUs) at Hyderabad House in Delhi by PM Modi and Vietnam's President To

The White House says aligning U.S. drug prices with global rates may slash costs—but experts remain divided. What the $529 Billion Savings Really Means According to White House economists, Trump’s drug pricing strategy—often called the “most favored nation” model—could reduce prescription drug costs by up to $529 billion over 10 years. The idea is simple: Americans s

Student Loan Forgiveness Update: What’s Changing? A new student loan forgiveness bill in 2026 could significantly shorten repayment timelines for millions of Americans. The proposal would allow unemployed borrowers to count jobless months toward loan forgiveness, even when they make $0 payments. Can Unemployment Count Toward Forgiveness? Yes — under the proposed law, borrowers in income-driven repayment (

The Japanese yen recorded a sharp rise against the US dollar for the second consecutive day, drawing significant attention from global financial markets already focused on geopolitical tensions and rising oil prices. In early Asian trading on Monday, the yen surged nearly 0.9 percent within minutes of market opening, suggesting strong intervention signals from Japanese authorities. Market reports indicate that Japan may have injected approximately 5.48 trillion yen, equivalent to ab

UAE exits OPEC and reshapes global oil and currency dynamics The decision by the United Arab Emirates to exit OPEC and OPEC+ marks a major shift in global energy markets. This move could increase oil price volatility, weaken OPEC’s control, and challenge the dominance of the US dollar in global oil trade. The timing is critical, coming amid rising oil prices, a growing dollar shortage in Gulf countries, and escalating tensions around the Strait of Hormuz. What does thi

Stalled Iran talks push costs to four-year high Gasoline prices across the United States climbed sharply on Tuesday, April 28, 2026, reaching their highest level in four years as stalled negotiations between Washington and Tehran fueled a surge in global oil markets. According to AAA, the national average price for a gallon of regular gasoline rose to $4.18, marking the h

The UAE will exit OPEC on May 1 after nearly six decades, aiming for greater control over oil production and energy strategy. The move may weaken OPEC’s influence, raise concerns about supply coordination, and reshape global oil market dynamics. UAE to exit OPEC, signaling shift in global oil power balance is set to take effect May 1, marking a major change in the structure of global energy coordination. The decision reflects Abu Dhabi’s broader strategy to gai