The biggest release of emergency oil stockpiles in history was announced. Why crude may keep rising
Oil prices have surged more than 17% since the International Energy Agency announced the largest release of crude stockpiles in its 50-year history.
Some oil-loading operations in UAE hub of Fujairah suspended after fire: Reuters
Iran’s Islamic Revolutionary Guards Corps said U.S. interests in the UAE including ports are targets after U.S. attack on Iranian island.
Meta planning sweeping layoffs as AI costs mount: Reuters
Meta is seeking to offset costly artificial intelligence infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers.
North Korea fires 10 ballistic missiles during U.S.-South Korea military drills
North Korea has test-launched a wide range of ballistic and cruise missiles for more than two decades.
Trump administration directs Sable Offshore to restore Santa Ynez oil unit
The Trump administration on Friday directed Sable Offshore to restore oil drilling operations off the southern California coast, the U.S. Energy Department said.
Iran threatens to retaliate against neighbors; Trump urges countries to assist in securing Strait of Hormuz
President Trump said in a Truth Social post that he directed U.S. Central Command to execute a bombing raid that “obliterated” military targets on Kharg Island.
Elon Musk says xAI must be ‘rebuilt’ as co-founder exodus continues, SpaceX IPO awaits
With xAI now in the hands of SpaceX, Elon Musk says he’s rebuilding the artificial intelligence company following high-level departures.
Elon Musk says xAI must be ‘rebuilt’ as co-founder exodus continues, SpaceX IPO awaits
With xAI now in the hands of SpaceX, Elon Musk says he’s rebuilding the artificial intelligence company following high-level departures.
The stock market is getting very close to a point that would trigger a policy response, BofA’s Hartnett says
With oil soaring and the Iran war threatening global stability, Hartnett said it probably won’t take much more before someone steps in.
Iran war oil shock stokes fears of 1970s-style stagflation — why this time could be different
Some investors are drawing comparisons with the 1970s to interpret where markets are headed in 2026, but there are several key differences to note this time around.
