Asia Implements Emergency Measures as Oil Prices Surge Amid Iran War
Asia faces severe oil shortages after U.S.-Israel strikes on Iran close the Strait of Hormuz, prompting fuel rationing and work-from-home policies across the region. Key takeaway: Global oil supply disruption hits Asia hardest due to heavy reliance on Middle Eastern imports.
Why Your Uber Eats Order Costs More Than Your Neighbor's: The Rise of Algorithmic Pricing
Business Insider ordered identical Big Mac meals on Uber Eats and found prices varied by 20 cents. The practice, called 'surveillance pricing,' uses personal data to set individualized costs.
Bitcoin's Resilience Grows as Iran Conflict Escalates, Data Shows
Bitcoin's selloffs shrink with each Iran conflict escalation, outperforming gold and equities. Here's why the trend matters for investors and markets.
Broadcom's AI Chip Revenue Surge Could Rival Nvidia by 2030
Broadcom's AI chip revenue grew 106% last quarter, with projections reaching $100 billion by 2027. Experts predict it could challenge Nvidia's dominance in the AI semiconductor market by the end of the decade.
Iran-U.S. Conflict: 'Peak War Panic' Looms as Strait of Hormuz Closure Threatens Global Economy
The U.S.-Iran conflict, now in its third week, has effectively closed the Strait of Hormuz, disrupting 20% of global oil supplies. Geopolitical strategist Dan Alamariu predicts 'peak war panic' will hit markets within 1-3 weeks as the conflict shows no signs of abating.
Tilman Fertitta in Advanced Talks to Acquire Caesars Entertainment for $31.5 Billion
Billionaire Tilman Fertitta is negotiating to buy Caesars Entertainment for $31.5 billion, with a deal potentially closing in 2027. Here’s what it means for the casino industry and investors.
US Army Awards Anduril $20 Billion Defense Contract for AI-Powered Warfare
The U.S. Army has signed a $20 billion, 10-year contract with Anduril to modernize military tech. The deal consolidates 120+ procurement actions into a single enterprise agreement.
How the Iran War Could Offset Bigger Tax Refunds for Americans in 2024
Americans are receiving larger tax refunds this year, but rising gas prices and economic uncertainty from the Iran war may erase those gains. Here’s what it means for consumers and the economy.
Treasure Hunter Tommy Thompson Released After Decade in Prison Over Missing Shipwreck Gold
Tommy Thompson, the treasure hunter who found the SS Central America's gold, was freed after refusing to reveal the location of 500 missing coins. The case highlights legal battles over underwater archaeology and investor disputes.
Honda Abandons U.S. EV Plans, Signaling Major Shift in Electric Vehicle Strategy
Honda is halting development of its three U.S.-bound EVs, including the Acura RDX and Honda 0 models, marking a retreat from the electric vehicle market. This decision could leave the automaker vulnerable as competitors accelerate EV adoption and software innovation.
The Controversial Dime Design: Why the Olive Branch Was Removed from U.S. Currency
The U.S. Mint's new dime design omits the olive branch, sparking speculation about its symbolism amid geopolitical tensions. Here's what the artist and historians say.
China Restricts OpenClaw AI Use After Security Flaws Enable Data Leaks and Hacking Risks
China's CNCERT warns OpenClaw AI agents have critical security flaws enabling prompt injection and data exfiltration, prompting government restrictions on its use.
A seat at the table, but no vote yet for a Democratic lawmaker in the Kennedy Center board showdown
The judge is not forcing the board to let Ohio Rep. Joyce Beatty, an ex officio member through her position in Congress, vote at Monday's session.
More than 3 million Iranians have been displaced so far since the war started, setting up a potential migration crisis
The U.N. has warned that continued fighting will likely push more Iranians to flee their homes.
Trump seeks to close a $1.6 trillion revenue gap with new tariffs that will be easier for people to challenge
“I wouldn't bet against this administration being able to get back on paper the same effective tariff rate they had before."
An effort similar to the SAVE Act was tried once, but was blocked by courts when over 30,000 eligible citizens were prevented from registering to vote
Obtaining the necessary documents under the SAVE Act is not as easy as it might sound.
Vineyard Wind Completes Construction, Marking First Major Offshore Wind Farm Finished Under Trump
Construction on Vineyard Wind, the first major offshore wind farm completed during Trump's presidency, wraps up despite regulatory hurdles. The project could power 400,000 homes and advance Massachusetts' clean energy goals.
Mary Barra still responds to ‘every single letter’ she gets by hand despite running $65 billion automaker General Motors
Want to catch the attention of a CEO like General Motors boss Mary Barra? Write her a letter. Chances are she’ll read it and even respond.
Bitcoin beat the S&P 500, Nasdaq Composite and gold since the start of the Iran war
ProShares' Simeon Hyman is highlighting a bullish bitcoin trend.
Kharg Island is ‘the main node’ of Iran’s economy, and a U.S. takeover would provide leverage in any negotiations, energy expert says
Petras Katinas, an energy researcher at the Royal United Services Institute, said Kharg Island was critical to funding Iran’s government and military.
Billionaire Bill Ackman says he doesn’t like ‘wasting money’—he’ll even drive elsewhere for cheaper garages, despite once owning a parking company
Pershing Square Capital's Bill Ackman will drive to a cheaper parking garage despite a $8.17 billion net worth—and Warren Buffett and Lucy Guo are just as frugal.
U.S. faces elevated terrorism threats amid cuts at FBI and DOJ. ‘So much experience has been decimated from the ranks’
About half of the DOJ national security division's counterterrorism prosecutors have left since the beginning of the Trump administration.
Jet fuel prices are rising as oil spikes on Iran war. Airlines are already announcing fare increases or fuel surcharges
Fuel typically accounts for 20% to 25% of an airline’s operating costs, making it the second-largest expense after labor.
U.S. lifts sanctions on Russian oil already loaded onto tankers, equal to 5-6 days’ worth of normal shipments through the Strait of Hormuz
Analysts estimate about 125 million barrels of Russian oil are currently being shipped.