The Strait of Hormuz has become the pressure point of the global energy system. The war has already deprived global markets of 1 billion barrels of crude oil and petroleum products Supply from the Middle East has been severely disrupted, and there is now rising unce
Three months into the biggest oil supply disruption in modern history, China appears to have discovered something that should make oil bulls at least a little uncomfortable. It can get by on less fuel than anyone thought China's gasoline and diesel demand has been f
Early shareholders could sell shares after the lockup expires, potentially pressuring SpaceX stock following its $1.7 trillion valuation IPO. SpaceX’s upcoming IPO on June 12 could see early investors sell shares once the lockup period ends, despite the company’s valuation
Home sales were largely trending up even as mortgage rates increased this week. 30-year fixed-rate mortgages averaged 6.52% as of June 11, up from 6.48% last week and below the year-ago level of 6.84%. 15-year fixed-rate mortgages averaged 5.84%, up from 5.79% a
WTI retreats as US‑Iran diplomacy tempers supply fears ahead of Fed decision West Texas Intermediate (WTI) trades around $89.50 on Thursday at the time of writing, down 0.86% on the day, as investors trim positions following the recent rally driven by Middle East
Quick Read - Tesla's $1.5 trillion market cap surpasses the next 10 automakers combined, yet it sold fewer vehicles than Ford in Q1 2026. - Toyota tops all rivals at $230 billion, while Ford sold 457,000 vehicles in Q1 2026, a figure nearly 100,000 higher than what Tesla managed...</stron
West Texas Intermediate (WTI) trades around $89.50 on Thursday at the time of writing, down 0.86% on the day, as investors trim positions following the recent rally driven by Middle East tensions. Despite renewed rhetoric between Washington and Tehran and stronger-than-exp
Rivian begins R2 electric SUV deliveries, targeting a broader mid-luxury market to improve margins and profitability. Rivian has commenced deliveries of its R2 electric SUV, priced from $57,990, marking its entry into the mid-luxury EV segment. The launch follows a spring
Strategy executive chairman Michael Saylor and Twenty One Capital CEO Jack Mallers debated Strategy's capital structure at BTC Prague. Mallers challenged Saylor on dilution and how out-of-the-money convertible debt factors into mNAV calculations CoinDesk's Jennifer
The NFT lending platform will cease operations by August 31, 2026, after facilitating $737 million in loans since 2020. NFTfi will shut down after the NFT market’s contraction left its revenue unable to cover operating costs. The platform, launched in 2020, has processed o
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