Hegseth says potential $200 billion Iran war spending request could shift: ‘Takes money to kill bad guys’
President Donald Trump’s National Economic Council director, Kevin Hassett, said Sunday that the war has already cost $12 billion.
Micron CEO says it can’t deliver enough memory to key customers after blowout earnings
Micron stock is up more than 350% in the past year thanks to a memory supply shortage driven by surging demand for Nvidia’s AI chips.
Gulf states have tolerated Iranian strikes so far — but their ‘defensive’ stance won’t last forever
The Gulf states have said Iran’s attacks on energy infrastructure won’t “go unanswered” but, so far, they have not hit back. That stance could change soon.
OpenClaw demand in China is driving up the price of used MacBooks
People in China are rushing to buy preowned computers to try OpenClaw with demand for MacBooks particularly high, according to one reseller.
Alibaba revenue misses estimates in December quarter as net income drops 66%
The tech giant is one of several Chinese AI firms that have been rushing to catch up to U.S. companies in the AI race.
BP offloads German refinery to Klesch, boosts cost savings target
The transaction forms part of the British oil major’s $20 billion divestment plan aimed at cutting debt and boosting returns.
Gold and silver sell-off accelerates as inflation fears grip global markets
The metals shed around 5% and 10%, respectively, while mining stocks and ETFs linked to gold and silver also fell.
CNBC Daily Open: Iran vows ‘eye-for-eye’ in energy attack escalation
A major escalation in attacks on energy infrastructure during the Iran war has sent oil prices higher and global stocks back into the red.
Thailand’s Anutin reelected PM after crushing rival in parliamentary vote
Anutin becomes the first Thai premier to be voted back to office in two decades, underlining the upheaval that has dogged Southeast Asia’s second-largest economy.
Why this regional stock index is more exposed to the Iran war than investors might think, says MSCI
The research team at MSCI have flagged a couple of factors when it comes to assessing how war risk is flowing into equity portfolios.
