What this real-world oil price says about the level of stress in the energy market
Energy analysts warn that the Iran ceasefire is not likely to alleviate acute signs of stress in the physical oil market.
U.S. Postal Service seeks hike in price of first-class mail stamps to 82 cents in July
The USPS is facing a severe financial crisis and could run out of money early in 2027. The agency has proposed hiking stamp prices along with other measures.
Automatic U.S. military draft registration planned by December, filing shows
The proposed timetable for automatic military draft registration came weeks after the U.S. and Israel launched a war against Iran.
Strait of Hormuz oil traffic way down after ceasefire; Hassett says even one tanker is big deal
Trump said the temporary ceasefire is “subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz.”
Amazon CEO Jassy defends $200 billion AI spend: “We’re not going to be conservative”
Amazon shares have struggled so far this year as investors question the company’s aggressive AI spending plans.
American Airlines makes bag fees even more expensive for basic economy tickets
American Airlines is joining Delta, United, Southwest and JetBlue in raising its checked bag fees as the industry deals with high jet fuel prices.
Inflation held sticky at 3% as U.S. headed into war with Iran, key Fed gauge shows
The gauge released Thursday offers the Federal Reserve a snapshot of conditions leading into the Iran war.
Meta’s long-awaited AI model is finally here. But can it make money?
After releasing its first major AI model in a year called Muse Spark, Meta now has to figure out how to turn it into a business.
OpenAI halts UK stargate project amid regulatory and energy price concerns
The major AI infrastructure was announced in September in partnership was with Nvidia and Nscale.
Meta commits to spending additional $21 billion with CoreWeave as AI costs keep rising
Meta’s additional spending commitments with CoreWeave will be deployed from 2027 to 2032.
