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How rising crude oil prices could impact the U.S. and global economy

by Mitchell Hartman

Thursday was a rocky one for the oil market. Brent crude was up more than 3% at one point, and U.S. benchmark West Texas Intermediate briefly crested the $100-a-barrel mark.

As gas prices remain high, overall inflation will rise as that cost trickles down to other parts of the economy.

More on rising energy costs

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The proposed merger would bring notable benefits to both Tesla and SpaceX. It would also bring tremendous benefits to Elon Musk.

Elon Musk wants to merge SpaceX and Tesla

Companiesby Sabri Ben-Achour

The companies stand to benefit in many ways. But there are downsides.

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