• Apr 16, 2025

Harvard’s $9 Billion Battle With Trump Is Bad News for Massachusetts’ Economy

(Bloomberg) -- Harvard University’s decision to stand up to President Donald Trump sparked cheers from politicians across Massachusetts, but the resulting federal funding cuts risk imperiling the region’s primary economic engine.Most Read from BloombergHow Did This Suburb Figure Out Mass Transit?Trump Signs Executive Orders on Federal Purchasing, Office SpaceWhy the Best Bike Lanes Always Get BlamedLA County Floats Leaner Budget Burdened by Fire and Legal CostsHarvard on Monday refused to strike

  • Apr 16, 2025

US crude stocks rise despite large increase in exports, EIA data shows

U.S. crude stocks rose last week despite a major increase in exports, while fuel inventories fell, the Energy Information Administration said on Wednesday. Crude inventories rose by 515,000 barrels to 442.9 million barrels in the week ended April 11, the EIA said, compared with analysts' expectations in a Reuters poll for a 507,000-barrel rise. Meanwhile, crude exports rose 1.8 million barrels per day to 5.1 million bpd, the highest in about a year, the EIA data showed.