The U.S.-Iran agreement to reopen Hormuz and lift the maritime blockade has pushed oil below $80, though risks remain if tensions in Lebanon escalate. China Slams the Brakes on Crude Refining - China’s crude throughput has plunged by a hefty 9.1% year-over-year to 12.7 mil
SpaceX agrees to acquire Anysphere, parent of AI coding tool Cursor, for $60 billion in stock, expanding its AI capabilities post-IPO. SpaceX will acquire Anysphere, the parent company of AI startup Cursor, in a $60 billion all-stock deal expected to close in the third qua
Chip and AI-related equities reversed Monday’s gains amid mixed broader market performance following U.S.-Iran peace agreement. Technology shares declined on Tuesday, erasing gains from the prior session after a U.S.-Iran peace deal spurred a brief rally. The Nasdaq Compos
For the past two years, the story of AI on Wall Street has mostly been about speed. Faster research, faster summaries, faster answers to questions an analyst would otherwise spend an afternoon on That story is now changing shape. The systems now being built are not
A new initiative proposes shifting energy exports from the Strait of Hormuz to Western-aligned hubs to reduce reliance on Russian and Iranian supplies. A Washington-based think tank has unveiled a $10 billion strategy to transform Syria and Turkey into key energy distribut
The bank forecasts a 9x surge in optical networking components demand driven by AI infrastructure needs. Goldman Sachs projects the optical networking components market will expand ninefold to $154 billion within two years, fueled by AI-driven data center demand. Memory ch
You can find original article here Nrn. Subscribe to our free daily Nrn newsletters Lucas Bravo has been named chief financial officer of Blaze Pizza, effective immediately. He joins the fast-casual, build-your-own pizza chain with nearly 28 years of experience in v
General Motors stock briefly surged in an attempted breakout Tuesday on reports that the automaker is in talks to supply parts for Lockheed Martin's defense systems. General Motors (GM) and Lockheed Martin (LMT) are exploring a potential arrangement where GM would manufact
iShares' IGLB offers a 5.20% yield and 0.04% expense ratio, surpassing TLT's 4.60% yield and 0.15% fee. The iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) provides higher yields and lower costs than its Treasury counterpart, TLT. IGLB carries a 0.04% expense r
Yum Brands agrees to divest Pizza Hut to LongRange Capital and Yum China for $2.7 billion, aiming to streamline operations and prioritize KFC and Taco Bell. Yum Brands Inc (YUM) will sell Pizza Hut for approximately $2.7 billion, splitting the deal between private equity f
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