Crude oil prices pulled back on Hyperliquid as the US and Iran paused their recent attacks. The West Texas Intermediate (WTI) dropped to $86.82 from last week’s high of $93, while Brent, the global benchmark, fell to $98. So, is this the start of a new retreat? US and Iran paused their strikes Crude oil
President Donald Trump paused his attacks against Iran after 13 consecutive days of intense strikes as top advisors warned about the fading stockpiles of key defense munitions and the impact of the strikes on pushing Iranians back to the negotiating table. Trump has paused his attacks against Iran According to Axios, Trump ordered the military
Uber stock price is in a free fall this year and is trading at the lowest level since April last year. It has plunged by over 35% from its highest point since September last year. This retreat has pushed its market capitalization from a record high of $206 billion to the current $134 billion. So,
India’s energy sector is at a unique juncture. Heatwaves are increasing power consumption across the grid, and hyperscalers are trying to build AI data centers in the country. Are these twin pillars of demand going to help the power companies in the country? Especially when power companies are seen as a proxy for an AI
Artificial intelligence has become the biggest growth story in global technology, but this week’s earnings from Alphabet and Tesla have reminded investors that building the infrastructure behind that boom is becoming increasingly expensive. And, investors are not okay with this. While both companies reported robust revenue growth and highlighted expanding demand for AI-related products and
“Many participants noted that ongoing strong demand for AI infrastructure would likely sustain upward pressure on prices for technology products and electricity.” That line from the Federal Reserve’s June meeting minutes captured a shift that Wall Street is only beginning to price. Artificial intelligence was sold to investors as a productivity revolution. For the Fed,
Science fiction scenarios are slowly becoming reality. OpenAI this week said one of its AI agents autonomously escaped a controlled testing environment, accessed the open internet, and hacked the AI platform Hugging Face. The disclosure has reignited debate over AI safety, autonomous agents, and cybersecurity. Increasingly capable models are beginning to demonstrate behavior that extends
Top flying car stocks such as Joby Aviation and Archer Aviation have tumbled this year, wiping out billions of dollars in market value. Joby Aviation shares have fallen 48% year to date and 60% over the past 12 months, while Archer Aviation has declined 37% and 57%, respectively, despite both companies moving closer to commercial
Bitcoin traded near $64,900 on Friday after another eventful week for the cryptocurrency market. BTC’s price remained close to the $65,000 mark amid corporate selling, fresh signs of stress in the mining sector, and a major options expiry. Treasury companies face tightening financing conditions One of the biggest themes influencing Bitcoin this week has been
The United States on Friday imposed fresh tariffs ranging from 10% to 12.5% on imports from 60 trading partners, including the European Union, China, India, Japan and South Korea, marking the first major step by President Donald Trump’s administration to rebuild its global tariff regime after the US Supreme Court struck down his previous reciprocal