Ship attacked in Strait of Hormuz as US-Iran ceasefire expires, oil surges above $88
An attack on a vessel in the Strait of Hormuz and the expiry of the US-Iran ceasefire sent oil prices above $88 and pushed global stocks lower on inflation fear
US Top News and Analysis · +14 outlets
30-year Treasury yield hits 19-year high above 5.31% on oil inflation fears
The 30-year US Treasury yield surged to its highest since 2002 as rising oil prices from Iran tensions fueled inflation expectations.
US Top News and Analysis · +9 outlets
Trump threatens to end Iran ceasefire, warns Oman; Hormuz traffic at new low
President Trump said he will not extend the Iran ceasefire and threatened to bomb Oman if it interferes, as shipping traffic in the Strait of Hormuz fell to a r
US Top News and Analysis · +14 outlets
Nvidia backing $105 billion in financing for OpenAI data center in Ohio
Nvidia is supporting a massive $105 billion financing package for an OpenAI data center in Ohio, following SEC guidance that takes sponsors off the hook for dat
US Top News and Analysis · +14 outlets
Wall Street slips as oil inflation fears hit stocks, mixed sessions across indexes
US and Asian stock markets fell as rising oil prices from Iran tensions revived inflationary fears and pushed bond yields higher.
marketscreener.com · +14 outlets
SpaceX completes $60 billion acquisition of AI coding startup Cursor
SpaceX has acquired AI coding startup Cursor for $60 billion, marking one of the largest AI acquisitions to date.
24hip-hop.com · +14 outlets
Anthropic tells investors annualized revenue run rate climbed to $65 billion in July
Anthropic's annualized revenue run rate reached $65 billion in July, up about sevenfold from a year earlier.
US Top News and Analysis · +14 outlets
Alibaba sells gaming studio for $2 billion, pours $53 billion into AI
Alibaba exited gaming by selling its Lingxi studio for $2 billion and is now directing $53 billion toward AI as US-China tech rivalry intensifies.
Fortune
US strategic oil reserve drawdown below 300 million barrels risks cavern damage
Experts warn the depletion of US strategic petroleum reserves to dangerously low levels threatens the integrity of the underground salt caverns storing the oil.
Fortune · +11 outlets
Stripe finalizing $8 billion acquisition of AI startup OpenRouter; a16z could gain $1.5 billion
Stripe is in advanced talks to acquire AI startup OpenRouter for $8 billion, a deal that could yield nearly $1.5 billion for Andreessen Horowitz.
All Content from Business Insider · +9 outlets
Trump cuts South Korean military drills, rattling Seoul and raising doubts about US resolve
President Trump's eleventh-hour demand to reduce annual US-South Korea military exercises and his praise of Kim Jong Un unsettled the ally and raised questions
International homepage · +14 outlets
L3Harris ousts CEO Chris Kubasik over conduct; he forfeits $45M but keeps $80M in stock
L3Harris fired CEO Chris Kubasik following an unspecified conduct issue; he forfeits $45 million but retains about $80 million in stock and options.
US Top News and Analysis · +1 outlets
AI memory stocks surge: Micron passes $1,000, and Cramer recommends 4 memory stocks
Micron Technology's stock crossed $1,000 as Wall Street raised price targets on AI memory demand, with Jim Cramer calling the sector a buy.
US Top News and Analysis · +6 outlets
Paramount seeks $1.88 billion bond from state AGs over WBD merger delay
Paramount Skydance is demanding a nearly $1.9 billion bond from state attorneys general challenging its Warner Bros. Discovery acquisition, citing lost cost sav
US Top News and Analysis · +14 outlets
Berkshire Hathaway closes $6.8 billion acquisition of homebuilder Taylor Morrison
Berkshire CEO Greg Abel completed the $6.8 billion purchase of Taylor Morrison, signaling his capital allocation strategy since succeeding Warren Buffett.
AOL.com · +14 outlets
California billionaires pour $40 million into blocking Proposition 40 wealth tax
Billionaires including Chris Larsen and John Doerr amassed a nine-figure war chest to defeat Proposition 40, a one-time wealth tax on net worth.
Fortune · +1 outlets
OpenAI's Brockman downplays wave of leadership departures as 'not atypical'
OpenAI President Greg Brockman told CNBC that the recent string of executive departures at the company is not unusual for a fast-growing organization.
US Top News and Analysis · +3 outlets
Mark Cuban slams California billionaire tax, opens rift inside Democratic Party
Mark Cuban criticized California's proposed billionaire wealth tax as harmful to startups, drawing a sharp response from Democratic Representative Ro Khanna.
Fortune · +2 outlets