Meta up nearly 3% in premarket as it plans mass layoff to offset increased AI spending
Meta is planning capital expenditure of up to $135 billion in AI-related costs in 2026, which raised investors' fears around…
Category: Economy
‘We will remember’: Trump warns countries to help secure Strait of Hormuz as shipping stalls
Trump's comments come after he called on several countries to send warships so as to secure the critical waterway ...
Brent crude holds above $100 as Trump says U.S. may hit Iran’s oil hub again ‘just for fun’
The U.S. strikes on Kharg Island and Trump's threat to hit Iran's oil infrastructure mark a major escalation in the…
The biggest release of emergency oil stockpiles in history was announced. Why crude may keep rising
Oil prices have surged more than 17% since the International Energy Agency announced the largest release of crude stockpiles in…
Iran threatens to retaliate against neighbors; Trump urges countries to assist in securing Strait of Hormuz
President Trump said in a Truth Social post that he directed U.S. Central Command to execute a bombing raid that…
Fertitta in weekend deal talks to acquire Caesars, while billionaire Carl Icahn waits in the wings
The deal, if it gets done, would not be finalized until early April and is not expected to close until…
How the Iran war could start to impact U.S. retail prices
The retail industry could soon be taking the next hit from the Iran war's disruption to the global supply chain.…
Pete Hegseth on Strait of Hormuz: ‘Don’t need to worry about it’
The Strait of Hormuz, the world's most critical chokepoint for oil shipments, has been effectively closed since the U.S. and…
Fourth-quarter GDP revised down to just 0.7% growth; January core inflation was 3.1%
The PCE price index for January was expected to show headline inflation at 2.9% and core at 3.1%. ...