U.S. warns banks of sanctions risk over China ‘teapot’ refineries handling Iranian oil
The alert said China purchases approximately 90% of Iran’s oil exports, with teapot refineries accounting for the majority of these imports.
Australia reports lower-than-expected first-quarter inflation — but price growth hits 2-year high
The first-quarter inflation figure was lower than the 4.2% expected by economists polled by Reuters.
CNBC Daily Open: Oil takes another hit, but chips steal the spotlight
Just as oil prices are looking stable (albeit higher) due to a ceasefire, the market took another blow as the United Arab Emirates exited the OPEC.
Purdue Pharma receives $5.5 billion sentence, paving way for opioid settlement
Purdue Pharma was sentenced Tuesday to $5.5 billion in fines and penalties on charges of deceiving regulators and paying doctors to boost opioid sales.
Asia-Pacific markets trade mixed after OPEC shock, tech jitters drag Wall Street lower
Optimism around tech stocks took hit as the Wall Street Journal reported that OpenAI’s revenue and new users growth was below its own targets.
Can AI outperform doctors? Experts weigh the pros and cons
One CEO said people should be using AI to understand their health much more than they already do.
Pentagon AI chief confirms DOD’s expanded use of Google, says reliance on one model ‘never a good thing’
The Pentagon’s AI chief discussed the DOD’s expanded use of Google Gemini after the blacklisting of Anthropic.
Treasury yields rise as U.S.-Iran peace talks hit an impasse
U.S. Treasury yields rose on Tuesday as investors awaited developments on negotiations between the U.S. and Iran, which hit an impasse over the weekend.
These bonds protect against inflation. How to optimize them for your portfolio
Treasury inflation-protected securities are back in the mix as investors grapple with worries over higher prices.
UAE’s shock OPEC exit: What it means for the oil cartel’s future and for crude prices
The UAE wants to ramp up production without constraints from OPEC, which could prove bearish for prices at some point.
