U.S. News
Hormuz Strait 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 debuts Masters coverage, becoming the golf tournament’s fourth-ever media partner
Amazon will have two hours of exclusive Masters coverage Thursday and Friday in its debut year as a media partner for the prestigious golf tournament.
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, 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.
Oil rally loses steam after Israel agrees to negotiate with Lebanon
Oil prices were volatile Thursday as the U.S.-Iran ceasefire agreement remained fragile.
Personal assistant pleads guilty to swindling $10M from Salomon Brothers partner, wife
New York resident Catalina Corona spent millions of dollars she stole on products from Louis Vuitton, Cartier and Gucci, and as well on Apple merchandise.
Investors are getting hyped over the SpaceX IPO. Here’s what the market impact may be
The Elon Musk-founded aerospace company could inject excitement into an inert IPO pipeline, but the market impact could be more muted than investors expect.
Pirro’s Powell probe faces a difficult road to appeal, former prosecutors say
Federal Reserve chair nominee Kevin Warsh may be in limbo while the legal process plays out.
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