Indian IT firm HCLTech to develop next-gen infotainment platforms for Volkswagen subsidiary e.solutions under multi-year deal. HCLTech has signed a multi-year partnership with Volkswagen Group’s e.solutions to co-develop software-defined infotainment and connectivity solut
US and Iran agree to permanent ceasefire and security The US and Iran have agreed to immediately and permanently terminate military operations. The agreement includes a commitment not to initiate military action or use force against one another. The US has
Betting markets now assign a 35 to 40 percent probability of a July rate increase following Fed Chair Kevin Warsh’s first policy meeting. Federal Reserve Chair Kevin Warsh’s first policy meeting has upended market expectations, with traders now pricing a 35 to 40 percent c
Palmer Luckey says American companies lack critical engineering and production capabilities now dominated by China. Palmer Luckey, founder of Anduril Industries and Oculus VR, warned that US companies have been "hollowed out" by China’s dominance in engineering and manufac
Nasdaq rises 1.40% after Trump's post President Trump's recent post on TruthSocial has led to a surge in stock markets. The S&P is up 1.01% and Nasdaq has risen 1.40%. Crude oil prices have dropped by $2.88 to $73.15, falling below the 200-day moving average of $73.
Oil prices dropped to their lowest point since early March on 18 June following the announcement of an interim agreement aimed at ending the US-Iran conflict and reopening the Strait of Hormuz. The deal, which includes provisions to ease sanctions on Iran, prompted market
Brent and WTI crude futures fall nearly 3% after U.S.-Iran deal eases supply concerns and reopens the Strait of Hormuz. Oil prices plunged to their lowest levels since the start of the Iran war after a U.S.-Iran ceasefire agreement improved global supply prospects. Brent c
The national average price for a gallon of regular gasoline fell below $4 on Thursday for the first time since late March, as the United States and Iran signed an agreement to reopen the Strait of Hormuz and end hostilities. According to The New York Times, AAA recorded th
Oil flows may only recover to 70% of pre-war levels Tanker traffic via the Strait of Hormuz may never fully recover due to alternative routes. Oil producers in the Middle East have tapped these routes amid the crisis. The recovery could take a little over a
Saudi Aramco explores selling part of its sulfur business for up to $7 billion as Middle East supply disruptions boost demand. Saudi Aramco is considering a stake sale in its sulfur business, targeting proceeds of up to $7 billion. The move comes as global sulfur supply fa
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