The US is cracking down on Russia's oil industry, with broader sanctions introduced on Friday.
The US and UK are blocking two Russian energy giants and other entities in the nation's oil trade.
Russia's energy revenue is expected to account for more than a quarter of the nation's budget in 2025.
The US is tightening the screws on one of the key pillars of Russia's wartime economy: its energy business.
The US said it would join the United Kingdom in imposing wider-sweeping sanctions against Russia's oil industry on Friday, which include blocking Gazprom Neft and Surgutneftegas, two of Russia's largest oil producers.
Sanctions will also be imposed on the producers' subsidiaries, as well as 183 tankers associated with Russia's oil trade, according to a statement from the Treasury Department. Some of the sanctioned tankers were part of Russia's shadow fleet, a group of ships Russia is known to rely on to trade oil under the radar.
The new sanctions also targeted several "opaque traders" involved in Russia's oil business, as well as oilfield service providers and prominent executives at Russian energy companies, the statement added.
"The United States is taking sweeping action against Russia's key source of revenue for funding its brutal and illegal war against Ukraine," Treasury Secretary Janet Yellen said in a statement. "With today's actions, we are ratcheting up the sanctions risk associated with Russia's oil trade, including shipping and financial facilitation in support of Russia's oil exports," she later added.
Western nations have targeted Russia's energy trade since the early days of the Ukraine war, given that Russia's energy revenue makes up a big chunk of the nation's war budget. Oil and gas revenue is expected to account for around 27% of Russia's federal revenue in 2025, according to a draft budget viewed by Reuters in September.
Consequences from existing measures, like the ban and $60 price cap on Russian oil, have already started to hit Moscow's cash flow. Russia's total energy revenue plummeted by nearly a quarter in 2023, according to data from Russia's finance ministry.
The nation's oil and gas revenue is also expected to decline through 2027, the draft budget showed.
Economists share a grim outlook for Russia's economy, with some experts expecting the nation to soon undergo a stagnation that could mirror the decline of the Soviet Union. The nation is now likely feeling the full impact of international sanctions, which could produce enough strain to bring an end to the war this year, according to one Washington, D.C.-based think-tank.
Mark Zuckerberg told Joe Rogan he's "optimistic" about how Trump will impact American businesses.
On the nearly 3-hour podcast episode, Zuck said he thinks Trump will defend American tech abroad.
The conversation comes days after Meta got rid of third-party fact-checkers.
Mark Zuckerberg told Joe Rogan in a podcast episode on Friday that he thinks President-elect Donald Trump will help American businesses, calling technology companies in particular a "bright spot" in the economy.
"I think it's a strategic advantage for the United States that we have a lot of the strongest companies in the world, and I think it should be part of the US' strategy going forward to defend that," Zuckerberg said during the nearly three-hour episode of 'The Joe Rogan Experience.' "And it's one of the things that I'm optimistic about with President Trump is, I think he just wants America to win."
Zuckerberg told Rogan the government should defend America's tech industry abroad to ensure it remains strong, and that he is "optimistic" Trump will do so.
The episode dropped just days after Meta significantly altered its content moderation policies, replacing third-party fact checkers with a community-notes system similar to that on Elon Musk's X. Trump praised the change earlier this week and said it was "probably" a response to threats he's made against the Meta CEO.
Zuckerberg, clad in a black tee and gold necklace emblematic of his new style, told Rogan that the change reflects the nation's "cultural pulse" as it was reflected in the presidential election results. At the beginning of the episode, Zuckerberg bashed how President Joe Biden's administration handled content moderation, especially during the pandemic.
A representative for Biden didn't immediately respond to a request for comment from Business Insider.
I ranked hummus from Trader Joe's, Costco, Whole Foods, and Wegmans from worst to best.
I thought Trader Joe's organic hummus could've used a squeeze of lemon.
Wegmans' hummus topped with garlic and chickpeas was hands-down my favorite dip.
Though hummus, a tasty dip or spread made from chickpeas, is available in almost every supermarket, I've wondered which is the best one.
To find out, I bought hummus from Whole Foods, Costco, Trader Joe's, and Wegmans and compared them.
I purchased the most basic version available and ate each dip with carrots and pretzel chips. Here's how each spread stacked up, from worst to best.
I started with Trader Joeβs organic hummus.
For the sake of this comparison, I chose Trader Joe's plain organic hummus over the Mediterranean-style and roasted-garlic options.
Out of all the hummus I tried, this one looked the driest and least vibrant in color.
I thought Trader Joe's organic hummus was mediocre.
The hummus wasn't unpleasant, but the texture was mealy rather than creamy. I thought there was too much cumin, and it needed a squeeze of lemon.
Overall, it was good, but the flavor wasn't all that exciting. I'd buy it again if I needed hummus and was at Trader Joe's, but I wouldn't go out of my way to get it.
The Kirkland Signature organic roasted-pine-nut hummus looked delicious.
Costco sells packs of snack-sized Kirkland Signature hummus, but I selected the 34-ounce organic roasted-pine-nut variety for this comparison.
The tub of hummus was rimmed with a layer of oil and topped with pine nuts, herbs, garlic, and roasted peppers.
I'm not sure if the Kirkland Signature hummus would please everyone.
Out of all the hummus brands I tried, this option tasted the most bland without mixing in the toppings. I also found it to be a bit grainy.
I thought mixing the toppings into the hummus made it look less appetizing, but the additional oil and prominent red peppers improved the flavor.
I enjoyed this hummus, but I could imagine it being divisive. For example, I already knew my kids wouldn't like it because of its red-pepper flavor.
I'd opt for a more traditional hummus if I were serving others.
The 365 original hummus from Whole Foods didn't look too special.
My local Whole Foods had a broad selection of hummus, including a handful of store-label 365 choices.
The 365 original hummus had a nice color, looked creamy, and came without toppings.
For me, the 365 hummus was great.
The 365 option was everything I could reasonably hope for in a grocery-store hummus. It was flavorful and had the earthiness of tahini, distinct notes of cumin, and a velvety texture.
This hummus was good enough to buy again. In fact, I won't even bother perusing Whole Foods' other options.
Wegmans' hummus came with a garlic-and-chickpea topping.
The Wegmans I visited offered an overwhelming selection of store-brand hummus, including dill-pickle, bagel, and jalapeΓ±o-cilantro options.
Though all of the options looked delicious, I decided to stick to the simplest-looking hummus for the sake of this taste test.
The hummus from Wegmans was my favorite.
Wegmans' hummus was a cut above the competition from the first bite. Even before I mixed in the roasted-garlic-and-chickpea topping, this hummus stood out for its moist, creamy texture and bright, citrusy tang.
With the garlic mixed in, it was undoubtedly the best hummus I've ever found at a supermarket βΒ and better than plenty of dips I've had at restaurants. I finished the container of Wegmans' hummus the same day I did this taste test.
My nearest Wegmans is a 40-minute bike ride away, but I'll make that trip for this hummus again.
This story was originally published on March 6, 2024, and most recently updated on January 10, 2025.
My family lives in Northeast LA, just outside of the evacuation zones for the raging LA fires.
Our neighborhood is filled with smoke and everything is covered with ash. Schools are closed.
Parents don't get to stop parenting during a disaster, but we're doing what we can to survive.
It was raining ash when I went to pick my daughter up from school on Wednesday.
We awoke that morning to the smell of smoke seeping in through the cracks under the door and the roar of the Santa Anas as they rattled the trees outside. My family lives in Northeast Los Angeles, in the direct smoke path of the Eaton Fire, burning through the Pasadena/Altadena area.
My husband and I are both native Californians; we know what to do in these situations. I got out our pack of kid-sized KN95s, while my husband pulled our air purifier out of the laundry room. We briefly discussed the safety of our kids' schools. My five-year-old daughter's school, with its new air filtration system installed during the pandemic, seemed safe, my two-year-old son's home daycare located closer to the fire less so.
Yet as I pulled up to my daughter's school, the air choked us and soot was swirling, I was unsure whether I was making the right decision. I ultimately dropped her off to spend the day at school with her friends.
Back at home, I watched the air quality index tick up β 151, 274, 337, 438 β and I grew nervous. I was putting my shoes back on when I got the alert that her school was closing, just an hour after the school day had begun.
As I stood in the line of anxious parents waiting to sign out their kids, ash was floating through the air landing on our heads, shoulders, and the tops of our cars. It looked like the snow in the Christmas snow globes we've just packed away. Helicopters panted in the grey sky. Behind the thick layer of smoke, an orange ball of sun blazed, casting everything in an eerie hue.
So far, we've been lucky
Perched on a steep hillside below Mount Washington, our home wasn't in immediate danger on Wednesday. Yet the brush that surrounds us is as dry as a tinderbox. Usually in January, the hillside is a verdant green, but it hasn't rained any significant amount since May. The grasses are parched and brown. Skinny coyotes now prowl the fence around our property, sniffing and desperate. As the Santa Anas rage and new blazes pop up throughout the day, I know it would only take a single ember to ignite it all.
Life goes on, no matter what is happening outside
I packed an emergency bag with diapers, birth certificates, Cheerios, and a hand-painted baby book my mother made, and placed it by the door. Then I fixed the kids a snack. Life goes on.
Parenting through disaster or tragedy includes a mundanity that serves as both a respite and an unbearable tedium: there are still meals to be cooked, bedtime stories to be read, toys to be squabbled over.
I am supposed to be working from home. But as morning turns to afternoon, the kids become as restless as the winds outside. We try an art project, then my son scribbles on the coffee table.
My daughter whines for TV and I relent, Ms. Rachel and Elmo getting me through yet another challenging parenting moment. I tell myself it's good that my kids are whining; it means they're not scared.
It's been hard to focus
My mother-in-law came to watch the kids and I retreated to a back room, where I tried to work. But the Watch Duty App keept pinging with new evacuation orders, new burns.
I picked up my phone and descend into doomscrolling, flipping through a succession of heartbreaking posts: "We've lost everything," "Our house is gone," "We are in shock."
GoFundMe links appear and multiply. The Eaton Fire has consumed most of nearby Altadena, an affordable mountain town with a historic black community, where many working and middle-class families purchase their first homes. Due to recent policy changes in the state, many were unable to purchasefire insurance. It's hard to not feel helpless and overwhelmed by the scale of it all. I click to donate.
We muddled through the afternoon, reading books and building forts. I count the hours until bedtime.
That night, the Watch Duty app continues to ping, vegetation fires that quickly get named: Sunset, Kenneth, Creek. Friends and relatives text, asking if we're okay. Totally safe, I reassure them all. I am aware that I am also reassuring myself.
My local mom group fills with requests for items people fled without: a breastfeeding pillow, a sound machine, children's clothing in all sizes. People coordinate pick-ups and drop-offs, and offer guest rooms to displaced families. "Look for the helpers," Mister Rogers famously said. "You will always find people who are helping." I resolve to tell my kids about this tomorrow.
I went to sleep nervous, leaving my ringer on for evacuation alerts. Then I woke up every hour or so to check my phone, but no fires drew near.
We don't know what's next
Schools are closed again. The winds have died down and you can almost see some blue sky behind the haze of smoke. But the blazes are still burning, an there's still an encroaching ring of fire around the city. With little to none of the fires contained, it will be days before the air quality is breathable, longer until the ash and soot are cleaned from the playgrounds. Friend after friend reports leaving town.
On our block's text thread, our neighbors with children are all debating the same thing: do we leave now for better air, or hunker down and shelter in place? We consider the expense, my husband's PTO, and the hassle of having the kids away from their comforts and cramped in a hotel room. There is no right answer.
My kids are just grasping the scope of the situation
When morning comes my son tries to put on his boots, then flops himself on the floor and screams when I tell him he can't go outside. "It's not safe," I tell him. Our play structure is covered in black soot and grey pieces of ash, the sun is still orange.
I tell my kids that even though it's a bummer that we're stuck inside, we're incredibly lucky. "Some people have lost their houses, and everything inside."
My daughter's eyes widen. "Even their toys?" she asks. I nod. "Even their toys."
We look at some pictures of the wreckage online together. I don't know if I should be shielding them or being honest. I remember to tell them about all the people helping each other, the firefighters and animal rescuers, and the moms gathering clothes and toys for those who need them.
"We're very lucky," I tell them. "And totally safe. As long as we stay inside."
Two fans who reached over their seats to grab Dodgers outfielder Mookie Betts in the World Series will reportedly be banned from all MLB stadiums 'indefinitely'
According to Chris Cotillo of MassLive.com, the Boston Red Sox's reason for scratching Rafael Devers from their Fan Fest lineup is not what fans might suspect.
Tesla launched a redesigned Model Y in China with a revamped Cybertruck-like look.
The new model comes as Tesla reported a year-over-year sales decline amid EV market challenges.
It's similar to Apple's approach to improving a product rather than creating a new one.
Tesla's new look for the Model Y in China has a Cybertruck-like design, a noticeable change that could be just what Tesla needs to refresh its aging car lineup.
Tesla's new Model Y boasts a redesigned exterior, along with updated suspension, wheels, and tires. It's also quieter and more efficient and has an 8-inch rear touchscreen. The company said on its website that it includes "soft-touch textiles" that give passengers the feeling that they're "floating in space," drawing inspiration from other futuristic Tesla designs.
It's not far off from Telsa's Model 3 redesign in 2023, which introduced a more luxurious and minimalist aesthetic. The upgrade similarly featured a quieter cabin and a rear screen display. The front end was made sleeker with slimmer headlights and a new wheel design. It also came with a redesigned dashboard and steering wheel.
While the new Model Y's design isn't nearly as radical as completely new models like the Cybercab or Cybertruck, that might be intentional. Sometimes drastically changing the look of a vehicle can be polarizing. One Cybertruck driver previously told BI he's owned all Tesla models but only faced negative reactions on the road with his Cybertruck. The YouTuber was even told by a sponsor that he couldn't feature his truck in a video because of its polarizing nature.
The refreshed model will still generate conversation about Tesla's most popular vehicle, which is one of the world's best-selling cars. The new Model Y could stick out more on the road and help car buyers broadcast they're in the latest Tesla, which may help boost sales or convince existing Model Y owners to upgrade their vehicles.
It's similar to Apple's approach with the iPhone, where the company has stuck with enhancing the model rather than building a new phone product line. Similar to Apple, Tesla offers frequent over-the-air software updates. When it comes to hardware updates, though, Tesla often offers a revamped design and enhanced features rather than creating an entirely new vehicle.
The new model announcement comes after the company reported its first year-over-year decline. The car giant said on January 2 that it sold around 1.79 million cars in 2024, slightly under 2023's 1.8 million. While Tesla's 2024 fourth-quarter deliveries increased by over 11,000 from the year prior, it still fell short of analyst expectations by about 14,430.
It's been a challenging time for the EV industry overall, which has slowed in the last couple of years due to factors including limited charging infrastructure and a lack of affordable options. President-elect Donald Trump's upcoming inauguration adds further uncertainty to the landscape, as he has vowed to eliminate EV tax credits.
The Model Y refresh in China comes at a pivotal moment for Tesla, as the EV giant faces increasing pressure from competitors like BYD. BYD has recently experienced surging demand, and is challenging Tesla's dominance in the country.
While the new model hasn't launched yet in the US, it's giving investors something to look forward to in 2025, in addition to a new lineup of cheaper EVs.
JPMorgan told employees on Friday that their days of hybrid work were numbered.
It said the five-day RTO mandate would start in March and affect roughly 30% of the bank's workforce.
See the memo explaining the new policy and rationale.
JPMorgan on Friday told employees that hybrid work was largely over. In a memo issued by the bank's operating committee, the largest US bank by assets said it was calling all workers back to the office starting in March.
"Starting in March, we'll be asking most employees currently on a hybrid schedule to return to the office five days a week," a copy of the memo obtained by Business Insider said. "As it stands, more than half of our workforce already comes into the office full-time."
A company spokesman said that roughly 70% of the bank's employees were already back in the office five days a week, while everyone else was in three or four days a week.
"We know that some of you prefer a hybrid schedule and respectfully understand that not everyone will agree with this decision," the memo said, adding, "We think it is the best way to run the company."
JPMorgan, which had more than 300,000 employees in September, is the latest in a growing list of large companies to revert to pre-pandemic office norms. AT&T and Amazon have implemented similar five-day mandates starting this month.
JPMorgan's return-to-office policies have been slowly ratcheting up since the COVID-19 pandemic. It returned all managing directors β the highest rank outside the C-suite β to a five-day workweek in 2023.
The full memo sheds some light on the company's rationale:
Message from the Operating Committee
Dear colleagues,
We're proud of how our company has successfully adapted and thrived in an ever-changing environment, and this is thanks to all of you. We are a better organization because of your commitment and continued care for our customers, clients, communities and each other. Developing effective teams and maintaining a vibrant, healthy culture are clearly key for our success β and we believe best achieved through working together in person. This is why starting in March, we'll be asking most employees currently on a hybrid schedule to return to the office five days a week. As it stands, more than half of our workforce already comes into the office full-time.
We know that some of you prefer a hybrid schedule and respectfully understand that not everyone will agree with this decision. We are now a few years out of the pandemic and have had the time to evaluate the benefits and challenges of remote and hybrid working. We feel that now is the right time to solidify our full-time in-office approach. We think it is the best way to run the company. As we've discussed before, the benefits of working together in person are substantial and irreplaceable, and as we spend more time together, the more advantages we gain. Being together greatly enhances mentoring, learning, brainstorming and getting things done. It accelerates decision-making and offers valuable opportunities for spontaneous learning and creativity. It also allows our early career professionals to learn through our apprenticeship model and expand their networks by building connections with peers across the firm.
Many of our global locations, but not all, have existing capacity to allow for most or all employees to return to the office full-time in early March. We will confirm the list of locations where this is possible by the end of January. The evaluation of our locations will focus on operational readiness, including food services, cleaning and parking. For locations with capacity constraints, or where changes are needed to create capacity, we will work through plans in the coming weeks and will share information and timelines as they become available on a location-by-location basis. Until your location's readiness is confirmed, you should continue on your current work schedule. It's important to note that following a thorough review and applying stringent criteria, a few specific teams whose work can be easily and clearly measured will continue to work remotely or on a hybrid schedule. These decisions have been made in the best interest of the company. If you are on one of these teams, your manager will confirm your schedule.
We recognize that switching from hybrid to five days a week in the office may be disruptive and require adjustments for some colleagues. Importantly we will work to give you at least 30 days' notice in line with local requirements, prior to your full-time return. Once your location is ready, if you need a bit more time to accommodate the new schedule, you should discuss your needs with your manager and get their approval. We know that a lot has changed in our workplaces since returning to the office after the pandemic and recognize that it will take us some time to get all of our locations ready to accommodate a five-day-a-week schedule.
What is not changing is our support for flexibility in the workplace, which we are committed to providing at every level in a fair way. We fully recognize how important it is to be able to work remotely as life events happen, and managers will be directed to provide team members with the flexibility they need to work remotely under some circumstances, such as unexpected occurrences, family commitments or other times on occasion when you and your manager agree you can work away from the office. As always, we expect you to continue to track your time out of the office, and we will work hard to support a workplace of flexibility and collaboration.
We greatly appreciate your outstanding efforts day-in and day-out and are honored to work together on behalf of everyone we serve.
Staffers criticized the move in comments on the post announcing the changes on the internal platform Workplace. More than 390 employees reacted with a teary-eyed emoji to the post, which was seen by Business Insider and written by the company's vice president of human resources, Janelle Gale.
Gale said Meta would "no longer have a team focused on DEI." Over 200 workers reacted with a shocked emoji, 195 with an angry emoji, while 139 people liked the post, and 57 people used a heart emoji.
"This is unfortunate disheartening upsetting to read," an employee wrote in a comment that had more than 200 likes.
Another person wrote, "Wow, we really capitulated on a lot of our supposed values this week."
A different employee wrote, "What happened to the company I joined all those years ago."
Reactions were mixed, though. One employee wrote, "Treating everyone the same, no more, no less, sounds pretty reasonable to me." The comment had 45 likes and heart reactions.
The decision follows sweeping changes made to Meta's content-moderation policies, which Meta CEO Mark Zuckerberg announced Tuesday. The changes include eliminating third-party fact-checkers in favor of a community-notes model similar to that on Elon Musk's X.
As part of the changes to Meta's policy on hateful conduct, the company said it would allow users to say people in LGBTQ+ communities are mentally ill for being gay or transgender.
"We do allow allegations of mental illness or abnormality when based on gender or sexual orientation, given political and religious discourse about transgenderism and homosexuality and common non-serious usage of words like 'weird,'" Meta said in the updated guidelines.
One employee wrote in response to the DEI changes that, in addition to the updated hate-speech guidelines, "this is another step backward for Meta."
They added: "I am ashamed to work for a company which so readily drops its apparent morals because of the political landscape in the US."
In the post announcing the decision to drop many of its DEI initiatives, Gale said the term DEI had "become charged," partly because it's "understood by some as a practice that suggests preferential treatment of some groups over others."
"Having goals can create the impression that decisions are being made based on race or gender," she said, adding: "While this has never been our practice, we want to eliminate any impression of it."
One employee told BI the moves "go against what we as a company have tried to do to protect people who use our platforms, and I have found all of this really hard to read."
Meta did not respond to a request for comment by the time of publication.