U.S. allows 30-day sale of Iran oil at sea in bid to tame prices
The waiver will bring some 140 million barrels of oil to global markets and help relieve pressure on energy supply, Treasury Secretary Scott Bessent said.
Super Micro co-founder indicted on Nvidia smuggling charges leaves board
Super Micro said Yih-Shyan “Wally” Liaw, a co-founder, has resigned from the server maker’s board after he was indicted in the U.S.
Trump says he doesn’t want Iran war ceasefire, but is considering ‘winding down’ military ops
President Donald Trump also said the Strait of Hormuz, “will have to be guarded and policed, as necessary, by other Nations who use it.”
OpenAI’s first crack at online shopping stumbled. It’s preparing for the next wave
Etsy, Walmart and Shopify were quick to jump into Instant Checkout, but item information was often inaccurate and onboarding merchants was difficult.
Wall Street banks on an unpopular Iran war pushing Trump to de-escalate soon
A growing chorus of investors see Trump as likely to temper the conflict as approval numbers sink and November’s midterm elections near.
Trump administration unveils national AI policy framework to limit state power
AI industry leaders have opposed state-level regulatory efforts, arguing that a “patchwork” of laws would hobble innovation and give China a competitive edge.
UK government borrowing costs hit their highest level since 2008 as inflation fears hit the gilt market
Three charts show the extent of the U.K. government’s borrowing woes.
The Tech Download: Agentic tools and chips take center stage at Nvidia’s ‘Super Bowl of AI’
CNBC’s Katie Tarasov shares her key takeaway’s from the world’s most valuable company’s annual AI conference
Work from home, drive slower and don’t use gas cookers: IEA advice on weathering the global energy crisis
The IEA warns of “the largest supply disruption in the history of the global oil market” due to the conflict in the Middle East.
Treasury yields climb as bonds sell off and fear grows that Fed rate cuts are off the table
U.S. Treasury yields jumped on Friday as investors anticipated inflationary pressures resulting from the Middle East war.
