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Shotbydave | E+ | Getty ImagesU.S. oil companies are cutting jobs by the thousands as they respond to falling crude prices, higher tariffs, and a wave consolidation in the industry.President Donald Trump promised boom times for oil and gas when he took office in January. Instead, the industry has shed 4,000 positions through August, according to the most recent data from the Bureau of Labor Statistics.The layoffs come as U.S. crude oil prices have fallen 13% this year due to OPEC+ members rapidly increasing supply to the global market. West Texas Intermediate was trading under $63 per barrel Tuesday, below…

MINNEAPOLIS (AP) — President Donald Trump’s administration said Tuesday that the state of Minnesota and its governing body for high school sports are violating a key federal law against sex discrimination by allowing transgender athletes to compete in girls sports.The ruling came from the civil rights offices at the U.S. Department of Education and the Department of Health and Human Services. The agencies said the Minnesota Department of Education and the Minnesota State High School League are violating Title IX “by allowing males to compete in female sports and occupy female intimate facilities.”The agencies said they found that the league…

The federal government may soon shut down, in large part because of a debate between Republicans and Democrats over Obamacare subsidies and whether some immigrants should get those financial benefits.Republicans claim Democrats want to give health care to “illegal immigrants.” Democrat, in turn, say that’s a lie. Democrats say they are only trying to restore health care coverage options that were available to immigrants having “lawful presence” in the United States before those options were eliminated by President Donald Trump’s so-called “One Big Beautiful” tax bill this year.”They want to have illegal aliens come into our country and get massive…

Warren Buffett has long recommended investing in index funds.For everyday investors, owning low-cost, passive funds provides access to a broad swath of the market, which helps mitigate the risk that a slide in one or even a few stocks torpedoes your portfolio’s performance. Plus, you’ll likely come out ahead of a lot of professional investors over the long run, the Berkshire Hathaway chairman says.”In my view, for most people, the best thing to do is to own the S&P 500 index fund,” he said at the 2021 annual meeting of Berkshire Hathaway shareholders.Indeed, over the 15 years that ended June…

Manchester United forward Bryan Mbeumo admits the players “need to take responsibility” for their poor start to the season, which has put head coach Ruben Amorim under serious pressure.Man Utd have only won twice this season, with their 3-1 loss at Brentford leaving them 14th in the Premier League table. Sitting down with Sky Sports News, Mbeumo, who joined United in the summer from Brentford in a deal worth up to £71m, reflected on Saturday’s disappointing loss to his former club. Please use Chrome browser for a more accessible video player Jamie Carragher and Duncan Ferguson break down Ruben Amorim’s…

Over the next few days, Hamas will be studying Donald Trump’s 20-point plan for Gaza. The proposal, already approved by Benjamin Netanyahu, Israel’s prime minister, would disarm the Palestinian movement and end its presence in the Gaza Strip. In fact, it will take Gaza completely out of Palestinian hands. There are a number of points that will be welcomed by large sections of Palestinian society.  The deal would secure the release of 250 prisoners with life sentences, as well 1,700 Palestinians from Gaza who have been detained in horrifying conditions since October 2023.  New MEE newsletter: Jerusalem Dispatch Sign up to…

Paris Saint-Germain’s Achraf Hakimi says the world’s “best left-back” Nuno Mendes can stop Lamine Yamal on Wednesday when his side take on Barcelona at the Olympic Stadium in the Champions League.With PSG missing Ballon d’Or winner Ousmane Dembélé, Désiré Doué and Khvicha Kvaratskhelia though injury and Barcelona without Raphinha, there will be added emphasis on Yamal to deliver against the European champions.Yamal, 18, did well against Mendes when the two sides met in the quarterfinal of the same competition in 2024, but he struggled to have an impact when Spain lost to Portugal in the UEFA Nations League final this…

As if the Federal Reserve’s job isn’t complicated enough, the expected shutdown in Washington, D.C., is about to make things worse. Should the government cease nonessential operations at midnight, government economic reports, including the nonfarm payrolls report due out Friday, will not be released. Fed officials essentially will lose access to some of the most important tools they use to figure out their next moves on monetary policy. With their next meeting just four weeks away, the timing is not good. “For the Fed, the absence of timely labor market data would add a layer of complexity to decision-making at…

Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty ImagesOpenAI is debuting what it bills as its most advanced video generation model yet, alongside a new iOS app designed to bring artificial intelligence-powered video creation to everyday users.The Sora 2.0 model builds on an earlier version released this year as a research preview. OpenAI said the new release represents a major leap in physical realism, audio-video synchronization, and multi-shot storytelling.The new app, which is also called…

Photo by Yasin Ozturk/Anadolu via Getty ImagesA government shutdown looms after midnight — and, depending on how long it lasts, could have far-reaching implications for household finances.Those repercussions might include anything from delayed paychecks and layoffs for federal workers to broad effects for other Americans, including disrupted travel plans and an inability to get a mortgage, economists said.Enhanced subsidies for the Affordable Care Act — also known as Obamacare — that have made health plans less expensive for millions of enrollees in recent years are also indirectly at stake.Economists and market analysts are predicting that Democrats and Republicans won’t be…