The average price of regular gasoline in the U.S. has fallen below $4 per gallon for the first time since late March. This change comes as oil prices eased following a U.S.-Iran agreement to reopen the Strait of Hormuz, an important oil shipping route.
Key Facts
On June 18, the U.S. national average gas price fell to $3.999 per gallon, according to the American Automobile Association (AAA).
Gas prices dropped from a high of $4.56 per gallon on May 21 during the Iran conflict.
Prices have decreased for three weeks in a row.
Indiana has the cheapest gas at about $3.40 per gallon.
California has the highest gas price at about $5.64 per gallon.
Twenty-eight states now have average prices below $4 per gallon.
The drop follows a U.S.-Iran deal to reopen the Strait of Hormuz, which handles about 20% of global oil supply.
While prices have fallen, they remain sensitive to possible future supply disruptions.
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EY executive Jad Shimaly talked about how artificial intelligence (AI) is changing business and work. He explained that AI helps companies work better in areas like productivity, hiring, and consulting.
Key Facts
AI is improving how companies operate in many ways.
It can increase productivity, helping workers do more in less time.
AI is transforming recruitment by changing how companies find and hire employees.
Consulting services are also being reshaped by AI technologies.
Jad Shimaly shared these insights during VivaTech 2026, a technology event in Paris.
AI's impact could change the future of work and business models significantly.
The discussion took place in June 2026, showing ongoing interest in AI's business effects.
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The number of job vacancies in the UK has dropped to the lowest point in five years, with many businesses hiring fewer workers. The overall job market is stable but shows signs of weakness, especially in professional services, retail, and hospitality.
Key Facts
Job vacancies fell to 707,000 between March and May 2026, the lowest since early 2021.
Businesses are becoming cautious about hiring new staff.
Professional services saw the biggest drop in job openings, followed by retail and hospitality.
The number of new hires in April was just under 540,000, the lowest monthly total since March 2021.
Unemployment slightly decreased from 5% to 4.9% in early 2026.
Average regular pay increased by 3.4% annually but wage growth in the private sector is at its slowest in over five years.
Rising costs, like minimum wage and national insurance, make it harder for businesses to hire young and inexperienced workers.
Some workers are choosing self-employment amid fewer job vacancies.
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Audi’s CEO says the U.S. market holds the most potential for the company’s future growth. Audi is focusing on new SUV models, the Q7 and Q9, designed especially for North American customers to better compete with rivals BMW and Mercedes-Benz.
Key Facts
North America is the second-largest new vehicle market globally and a top priority for Audi.
Audi of America sold 164,942 vehicles in 2025, a 16.1% drop from 2024.
BMW sold 388,897 vehicles in the U.S. in 2025, up 4.7%, and Mercedes-Benz sold 343,200 vehicles, up 1%.
Luxury vehicles make up about 12.5% of U.S. auto sales, with 1.6 million luxury SUVs sold annually.
Audi’s new Q7 and Q9 SUVs include upgrades like better technology, comfort, lighting, and more power.
The Q9 is a large, three-row SUV designed with U.S. customer needs in mind, including bigger cup holders and a redesigned center console.
The Q9 will compete with BMW X7 and Mercedes GLS, while the Q7 targets BMW X5 and Mercedes GLE.
Audi’s CEO reviewed customer feedback and made significant improvements for U.S. buyers in these new models.
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The Bank of England has kept interest rates steady at 3.75% while considering how the conflict involving Iran affects the UK economy. Rising energy costs from a key shipping route closure have increased inflation fears, but recent lower inflation and stronger job market data make future rate decisions uncertain.
Key Facts
The Bank of England kept interest rates at 3.75%.
Inflation in the UK was 2.8% in May, lower than expected.
Closure of the Strait of Hormuz, an important shipping lane, has raised energy costs.
Higher energy costs may increase inflation and slow economic growth in the UK.
The Bank of England has cut rates six times earlier in 2024 before pausing now.
President Donald Trump’s agreement with Iran raises hope that oil supplies will return.
UK wage growth was higher than expected at 4.4% including bonuses.
Unemployment in the UK has decreased recently.
The U.S. Federal Reserve also kept interest rates steady between 3.5% and 3.75%.
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Many employees now value wellbeing at work as much as their pay. Employers are changing benefits to focus more on health and flexibility to keep staff and attract new talent.
Key Facts
A 2026 report found 86% of workers say wellbeing is as important as salary.
Only 11% of HR leaders said they have not seen increased demand for wellbeing support.
Employers are adding preventative healthcare like health checks to reduce long-term costs.
Employees prefer useful and accessible rewards over expensive healthcare plans.
Companies offer flexible benefits tailored to life stages, such as menopause care or fertility treatment.
88% of employees believe caring employers keep staff longer; 84% say it helps attract talent.
Many employers lack a clear view of their full benefits program worldwide.
HR experts say businesses must know their benefits well to create effective wellness programs.
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The article discusses the decline of the "three-martini lunch," a long business lunch once common in corporate America. It argues that modern work demands and technology have replaced these social gatherings with quick, digital communication, which affects personal connections at work.
Key Facts
The three-martini lunch was a popular mid-20th-century business tradition involving long lunches with drinks.
President Gerald Ford jokingly praised it in 1978 as an efficient business ritual.
Modern work culture prioritizes fast productivity supported by AI and digital tools.
Long lunches have mostly disappeared due to high workloads and expectations for rapid output.
Workers now often connect through brief video calls or chat apps instead of in-person meetings.
The shift away from leisurely business meals has contributed to workplace loneliness.
The "hustle culture" of the 2000s, emphasizing constant productivity, discouraged slow work habits.
Technology platforms like Slack and the rise of remote work have intensified work communication speed.
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LED face masks have become popular but are expensive beauty devices that use light to improve skin issues like wrinkles, spots, and redness. Experts say these masks can help boost skin health when used regularly and combined with a good skincare routine, but they are not miracle cures.
Key Facts
LED face masks use different types of light, like red, blue, and infrared, to treat skin concerns.
Red and infrared light are generally safe for all skin types, but blue light may worsen skin darkening for people with darker skin tones.
Light therapy for skin has been studied since the 1990s and shows benefits for wound healing and acne treatment.
The most effective results come from regular use alongside cleansing and sun protection.
LED masks can cost from around £50 to over £400.
Experts recommend starting with a basic skincare routine before investing in an LED mask.
Different masks may suit different needs, such as acne treatment or anti-ageing.
Testing these masks requires patience because results take time to appear.
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The average price of gas in the U.S. has fallen below $4 a gallon after several months of rising costs. This drop follows an agreement between the U.S. and Iran to extend a ceasefire, which helps keep oil flowing through the Strait of Hormuz.
Key Facts
The national average gas price is now about $3.99 per gallon, down from over $4.
A year ago, the average gas price was $3.19 per gallon.
Diesel prices remain above $5 per gallon but have also decreased recently.
The U.S.-Iran ceasefire aims to reopen the important oil shipping route in the Strait of Hormuz.
Even with lower prices, gas costs are expected to stay higher than before the conflict started.
Many Americans blamed President Trump for higher gas prices during the recent rise.
President Trump and his supporters say the higher prices are a short-term problem to stop Iran from getting nuclear weapons.
Consumer confidence in the U.S. improved slightly as gas prices fell, according to a recent university survey.
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The US Federal Reserve has kept interest rates the same for now but signaled it may raise them later this year to control rising inflation. Kevin Warsh, the new Fed chair appointed by President Donald Trump, introduced changes including ending previous guidance on future rate changes and creating new groups to improve how the Fed shares information and analyzes data.
Key Facts
The Federal Reserve did not change interest rates at its latest meeting.
Officials now expect to raise rates later this year instead of lowering them.
The goal of raising rates is to reduce inflation, which has been increasing.
Kevin Warsh is the new chair of the Federal Reserve, chosen by President Donald Trump.
Warsh removed the Fed’s previous system of giving advice about future rate moves.
He announced new task forces to improve communication and data analysis at the Fed.
This was Warsh’s first meeting as Fed chair.
The Federal Reserve is the US central bank that helps manage the economy by adjusting interest rates.
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Deputy Lucy Stephenson has proposed lowering fuel tax by 10 pence per litre for three months to help residents with rising living costs. The current fuel tax is 64 pence per litre, and the suggested cut would save the average family about £5 per fuel fill-up.
Key Facts
The proposal aims to reduce fuel duty from 1 October to 31 December.
The reduction is 10p per litre for petrol and diesel.
The current fuel duty is 64p per litre for both petrol and diesel.
The Deputy says the cost of living is a top concern for islanders across all incomes.
The proposal argues the cost-of-living crisis is no longer temporary but a long-term problem.
The plan will be reviewed by the new minister for treasury and resources, chosen soon.
The savings could help families manage increased expenses caused by recent price rises.
The proposal is part of wider discussion about government profits from rising costs and economic pressures.
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The Financial Conduct Authority (FCA) has closed a nearly 10-month investigation into Drax, a UK power company, over how it reports the source of wood pellets used for biomass energy. The FCA found no evidence that Drax made misleading statements or left out important information for investors.
Key Facts
The FCA reviewed thousands of pages of documents during its investigation.
The investigation focused on Drax’s annual reports from 2021 to 2023.
Drax operates the largest biomass power station in the UK, burning imported wood pellets to create electricity.
Critics have questioned whether the wood pellets are sustainably sourced and if they increase carbon emissions.
In 2024, Drax paid £25 million after a separate energy watchdog found issues with its data reporting but no deliberate wrongdoing.
The FCA confirmed Drax did not make false claims or wrongly receive renewable energy subsidies.
Drax’s stock price rose by 1.2% following the FCA’s announcement.
Drax’s CEO said the company cooperated fully with the investigation and welcomed the closure with no action taken.
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President Donald Trump has banned foreign access to new artificial intelligence (AI) models developed by the U.S. company Anthropic, citing national security concerns. This move has raised worries in Europe about dependence on American tech companies and the risks to government and corporate security.
Key Facts
President Trump ordered Anthropic to cut off foreign access to its latest AI models within 90 minutes.
The decision was made due to national security reasons.
European companies like BNP Paribas have partnerships with Anthropic for AI and security services.
Europe's reliance on U.S. tech companies includes services like Visa, Google, Amazon, and cloud storage.
Silicon Valley tech firms hold significant global influence over money, data, and digital services.
There are concerns about how dependent governments and businesses are on U.S. technology and policies.
The issue was discussed during the G7 summit and at France's VivaTech trade fair.
European leaders are exploring ways to protect their digital sovereignty and security from sudden U.S. restrictions.
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The number of people starting new jobs in the UK has dropped to the lowest level in five years. Job vacancies are falling, and wage growth is slow, showing some caution among employers.
Key Facts
Fewer people are starting new jobs, the lowest number in five years.
Job vacancies continue to decrease, suggesting employers are cautious about hiring.
The UK unemployment rate fell slightly from 5% to 4.9% between March and April.
Regular pay, excluding bonuses, grew by 3.4% in the year to April, unchanged from the previous period.
Wage growth in the private sector is the slowest in over five years.
Inflation is steady, with food price rises slowing down.
The Bank of England is expected to keep interest rates steady at 3.75%.
These figures come before the Bank of England's interest rate decision and reflect a gradually easing job market.
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Tesco’s sales growth in the UK slowed down significantly due to uncertainty caused by the conflict in the Middle East. While online sales increased strongly, overall sales growth dropped, and sales at its wholesale division fell.
Key Facts
Tesco’s UK sales growth fell from 4.2% to 1.8% in the three months ending in May.
Online sales increased by 8.9%, helping to lift group sales by 1% to £16.8 billion.
The conflict in the Middle East caused higher fuel prices and made consumers less confident about spending money.
Tesco expanded its price-match promise against Aldi to over 2,000 Express stores and launched 520 new products.
Sales at Tesco’s wholesale division, Booker, fell by 3.2%, affected by tough conditions on the high street.
Tesco expects to meet its profit target of around £3.25 billion for the financial year despite the sales slowdown.
In the previous year, Tesco’s profits rose by 8.5% to £2.4 billion with sales increasing by 4.3% to £66.6 billion.
Tesco’s shares dropped 2.4% during early trading following the slow sales growth report.
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The UK unemployment rate fell to 4.9% in the three months to April, and wages grew more than expected, especially when bonuses are included. However, businesses are cautious about hiring due to uncertainty caused by the war in the Middle East, leading to fewer job vacancies.
Key Facts
Unemployment dropped from 5% to 4.9% in the latest three-month period.
Average wages excluding bonuses stayed at 3.4% growth, but including bonuses rose from 4.1% to 4.4%.
Public sector wages increased by 4.8%, private sector wages by 3%.
The Bank of England might keep interest rates at 3.75% despite these figures.
Employers are hiring less permanent full-time staff and making more layoffs due to the war in the Middle East.
Job vacancies fell by 19,000 to 707,000, the lowest in over five years.
Falling oil prices linked to hopes for a peace deal could lower costs for businesses.
The UK government says it is working on economic plans to support growth and stability amid global uncertainty.
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Texas has opened a new trade office in London to strengthen business ties and increase trade and tourism between Texas and the UK. The move aims to create more jobs and opportunities for companies from both regions, including exploring dual stock market listings.
Key Facts
Texas opened a dedicated office in London to promote trade, tourism, and economic support.
Trade between Texas and the UK is currently worth about $17 billion a year.
Senator Tan Parker hopes to create opportunities for businesses through dual listings on the London and Texas stock exchanges.
Austin’s mayor says the city is becoming more international and looks to London for business leadership.
Austin is promoting its own stock exchange, called the Texas Stock Exchange or "Y’all Street," to compete with New York.
The London Stock Exchange has recently seen some companies move their listings abroad.
Economist Alexander Harvey says London needs investment in technologies like artificial intelligence to boost growth.
The City of London Corporation supports the new Texas office and sees it as a way to connect firms to new capital.
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Property sales in Dubai have dropped sharply since the Middle East war began in February. Sales in May were much lower than a year ago, with prices falling, especially for luxury homes.
Key Facts
Dubai property sales fell 19% in May compared to April and are now less than half of last year’s level.
In May, property worth about $6.1 billion was sold, 42% less than in April.
An Iranian missile hit a luxury hotel in Dubai in March, increasing uncertainty in the market.
Sellers have reduced luxury home prices by 20% to 25% due to fewer buyers.
Wealthy buyers, especially from Western Europe, have mostly left Dubai and are hesitant to buy now.
Dubai was the busiest city for luxury home sales worldwide in 2025 before the conflict.
The market is undergoing a correction after very high sales numbers in recent years.
Some real estate brokers in Dubai are expected to close due to the slowdown in sales.
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Research shows that Brexit has reduced UK exports to the EU by about 12%. Rejoining the customs union would only fix a small part of this problem, while the biggest losses come from leaving the single market.
Key Facts
UK exports to the EU are 12% lower due to Brexit.
Services exports to the EU are 7% lower, and goods exports are 16% lower than if the UK stayed in the EU.
Most of the export loss (10% out of 12%) is caused by leaving the single market.
Regulatory checks and new certification requirements have a bigger impact than customs barriers.
Sectors most affected include travel, finance and insurance, chemicals, pharmaceuticals, and food.
Rejoining the customs union would reduce some trade rules but would not help services exports much.
Being in the customs union means the UK would have to follow EU tariffs and lose freedom to make separate trade deals.
Fully rejoining the single market would mean accepting free movement of people, budget contributions, and following EU rules without voting rights.
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Markuss Hussle runs a business managing women on the adult content site OnlyFans, where he takes half of their earnings. He also sells training to help others start OnlyFans management businesses, promoting it as an easy way to make money online.
Key Facts
Markuss Hussle (real name Markuss Kohs) is 27 years old and works as an OnlyFans manager.
He takes a 50% cut from the income of women who sell explicit videos on OnlyFans.
Hussle promotes a luxurious lifestyle, showing expensive cars, trips, and watches to attract clients and students.
He offers an $8,000 online training program for people wanting to start their own OnlyFans management companies.
OnlyFans is a UK-based adult content platform with 4.6 million creators and made $7.2 billion in revenue in 2024.
The site was founded in 2016 and mostly features women posting nude or semi-nude videos for paying fans.
OnlyFans has only 42 employees but has grown into a major digital platform for adult content.
Hussle avoids directly explaining what the women are asked to do on camera and said he would not want his own daughter to join OnlyFans.
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