Strait of Hormuz oil traffic way down after ceasefire; Hassett says even one tanker is big deal
[ad_1] National Economic Council Director Kevin Hassett speaks to the press outside the White House, in Washington, Feb. 11, 2026. Anna Moneymaker | Getty Images President Donald Trump’s top economic advisor Kevin Hassett said Thursday that getting even one oil tanker through the Strait of Hormuz would provide a “huge chunk of what’s missing” amid […]
Amazon CEO Jassy defends $200 billion AI spend: “We’re not going to be conservative”
[ad_1] Amazon CEO Andy Jassy on Thursday released his annual shareholder letter and once again made the case to Wall Street investors that the company’s huge investments in artificial intelligence are worthwhile. “We’re not going to be conservative in how we play this — we’re investing to be the meaningful leader, and our future business, […]
Meta’s long-awaited AI model is finally here. But can it make money?
[ad_1] Mark Zuckerberg, chief executive officer of Meta Platforms Inc., wears a pair of Meta Oakley Vanguard AI glasses during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025. David Paul Morris | Bloomberg | Getty Images Almost 10 months after Meta spent billions of dollars to bring in Scale […]
Volatility is the ‘new norm’ for government bonds as interest rate uncertainty sees yields whipsaw
[ad_1] European government bonds reversed course on Thursday, moving higher after plunging during the previous session, as a fragile Middle East ceasefire keeps markets on edge. Bond traders are grappling with unusually high levels of volatility, which is clouding the outlook for interest rate policies at the Bank of England and European Central Bank. Yields […]
OpenAI halts UK stargate project amid regulatory and energy price concerns
[ad_1] OpenAI’s Stargate project in the U.K. is being paused, with the company pointing towards the cost of energy and the country’s regulatory environment. The U.S. AI startup announced plans for the major infrastructure project in September, saying it would deploy up to 8,000 GPUs in partnership with Nscale and Nvidia. Politico first reported on […]
Britain to call for toll-free Strait of Hormuz, says Lebanon must be part of Iran ceasefire
[ad_1] Yvette Cooper, UK foreign secretary, delivers the opening remarks as she chairs a virtual meeting to discuss the re-opening of the Strait of Hormuz, in London, UK, on Thursday, April 2, 2026. Bloomberg | Bloomberg | Getty Images U.K. Foreign Minister Yvette Cooper is expected to call for unhindered access through the Strait of […]
From war to weather: A ‘super El Niño’ event poses fresh risks to global food costs
[ad_1] A batch of exported urea fertilizers is being concentrated at the port for shipment at Yantai Port in Shandong Province, China on March 26, 2026. Cfoto | Future Publishing | Getty Images An unusually powerful El Niño later this year could exacerbate food security fears as disruption caused by the Iran war strains supply […]
‘Poorly run, piece of ice’: Trump targets Greenland again as Iran war deepens NATO rift
[ad_1] WASHINGTON DC, UNITED STATES – APRIL 6: The United States President Donald Trump holds a Press Conference in the James S. Brady Press Briefing Room at the White House on April 6, 2026, in Washington DC, United States. Celal Gunes | Anadolu | Getty Images U.S. President Donald Trump appears to have set his […]
Oil prices resume gains after Iran accuses U.S. of breaching ceasefire deal
[ad_1] This picture taken on March 26, 2026 shows an oil tanker unloading crude oil at a port in Yantai, in China’s eastern Shandong province. CN-STR | Afp | Getty Images Oil prices rose Thursday after Iran accused the United States of violating elements of a two-week ceasefire agreement, raising concerns that tensions could escalate […]
Rep. Ritchie Torres calls for probe into futures trades placed ahead March pause on Iran hostilities
[ad_1] U.S. Rep. Ritchie Torres, a Democrat from New York, during an interview in New York, Jan. 28, 2025. Victor J. Blue | Bloomberg | Getty Images Rep. Ritchie Torres, D-N.Y., on Wednesday called for a federal probe into suspicious trading activity in oil and equity futures markets just before President Donald Trump’s announcement of […]