Situational Awareness fund loses value due to AI bets A $45bn AI hedge fund has faced significant losses due to its aggressive AI bets souring in July. The fund's investor base, which includes Silicon Valley elite, is skewed toward wealthy individuals and family offic
Global fuel supply tightens as crude flows through the Strait of Hormuz slow, lifting refining margins to multi-year peaks. Refining margins surged to record highs as the Iran conflict disrupted crude oil flows through the Strait of Hormuz, tightening global fuel supply. R
Tehran’s rejection of a US-designated southern route risks unwinding oil’s de-escalation premium amid stalled diplomatic talks. Iran dismissed US assertions of a safe southern passage through the Strait of Hormuz, escalating tensions and casting doubt on recent diplomatic
Reported US eagerness to secure an Iran agreement may accelerate Strait of Hormuz reopening talks, analysts say. An unnamed Israeli official told media President Trump is prioritizing a swift Iran deal, potentially at any cost. The remark suggests Washington is pushing for
Brent and WTI crude settle at three-week lows after diplomatic progress reduces geopolitical risk premium in oil markets. Oil prices fell sharply as diplomatic talks between Iran and Western nations raised hopes of reopening the Strait of Hormuz to shipping. Brent crude dr
McDonald's Q2 numbers were soft — US comps up just 0.8% — and while management pinned most of the miss on self-inflicted execution problems, the transcript is littered with reminders that the underlying consumer isn't doing the heavy lifting either. Here are five quotes th
WEC Energy downgraded to Neutral with $110.50 target WEC Energy was downgraded by Ladenburg Thalmann due to concerns over the Wisconsin governor's race. The downgrade was from Buy to Neutral with a reduced price target of $110.50, down from $125.50. The decision
For five straight years, July was a month that tended to close in the green for Solana (CRYPTO: SOL). The coin's median performance in July is a gain of 17.3% But this July, that pattern broke down, much to holders' chagrin. The coin started July at $73.53, and it e
Negotiations aim to establish safe transit routes in a key energy chokepoint, potentially easing regional supply risks. Iran and Oman are progressing in talks to create a framework for securing commercial shipping through the Strait of Hormuz, a critical global oil transit
An internal email reveals a top CFPB official threatened staff with repercussions for being too strict with financial firms. A senior U.S. Consumer Financial Protection Bureau examiner warned staff of "most unpleasant" consequences if they enforced regulations too aggressi
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