The 2026 Iran war and subsequent closure of the Strait of Hormuz was yet another harsh wake-up call to the entire world about the dangers of foreign reliance for energy supplies. Yet throughout the height of the crisis, China, the world's largest crude oil importer, appear
Beijing’s strategic buffers, including stockpiles and electrification, shielded it from global oil supply shocks during the 2026 Strait of Hormuz closure. China’s energy resilience was tested during the 2026 Iran war and the subsequent closure of the Strait of Hormuz, a cr
A new bill targets retirement accounts exceeding $10 million, requiring withdrawals and banning further contributions for high earners. Democratic lawmakers introduced legislation to limit tax-sheltered retirement accounts exceeding $10 million, aiming to curb benefits for
HBO Max drives $3 million in streaming revenue growth, offset by NBA ad losses ahead of proposed Paramount merger. Warner Bros. Discovery reported a 10% year-over-year increase in streaming revenue, reaching $3 million in the second quarter. The gain was fueled by HBO Max
Delayed US-Iran agreement weighs on silver prices ahead of critical US CPI data next week shaping Fed policy expectations. Silver prices pared gains late Tuesday after a potential US-Iran deal failed to materialize as expected. The metal had rallied on reports that Qatari
The AI-focused hedge fund secures fresh capital following a 78% July asset plunge amid margin calls and sector sell-off. Situational Awareness, the hedge fund founded by ex-OpenAI researcher Leopold Aschenbrenner, invested $400 million in an undisclosed private company thi
President Trump asserts the U.S. holds ample munitions stockpiles, countering claims of shortages linked to Middle East tensions. President Donald Trump denied reports of dwindling U.S. missile stockpiles, stating the country possesses 'massive amounts' of munitions. His r
Easing US-Iran tensions and reduced Fed tightening bets drive the index to record levels ahead of key inflation data. The S&P 500 surged to a record high, closing above 7,800, as geopolitical risks eased following reports of a potential US-Iran agreement. Markets opened hi
The administration repaid 60% of tariff revenue collected under disputed trade policies following a Supreme Court decision. The US government has refunded $100bn in tariffs to businesses, accounting for 60% of revenue collected under the so-called 'Liberation Day' policy.
Informal discussions between the president and Fed chair may undermine confidence in central bank autonomy, analysts warn. President Trump has held frequent informal calls with Federal Reserve Chair Kevin Warsh since his confirmation less than three months ago. The convers
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