Energy
While Washington Struck Hormuz, the IEA Was Cutting Oil Demand by 1.6 Million Barrels a Day
The US military hit two Iranian rocket launchers on Larak Island on Sunday, the…
Author: Scott Allan
Author: <span>Scott Allan</span>
Economy
The AI Buildout Borrowed $225 Billion at Low Rates. Warsh Just Signaled the Bill Is Repricing.
Every account of Kevin Warsh’s Jackson Hole speech on Friday told the same story:…
AI
After Turning Down Nvidia at $7 Billion, Hugging Face Is Selling to Nvidia for $12.9 Billion
Nvidia has agreed to acquire Hugging Face for about $12.9 billion, according to The…
Business
KKR’s Record Antitrust Penalty Will Be Paid by Its Law Firms, Not by KKR
The Justice Department announced on Wednesday that KKR had agreed to pay $250 million…
AI
Most of Salesforce’s Record Earnings Beat Was an Unrealized Gain on Anthropic
Salesforce closed up 22.6% on Thursday, the second-best trading day in the company’s history…
AI
Why Tech’s 127,180 Job Cuts in 2026 Are Funding a $690 Billion Compute Bill
With four months still to run, 2026 has already been a worse year for…
Business
The FTC Made Redfin Get Back Into a Business Zillow Paid It $100 Million to Leave
Antitrust remedies usually come in two flavors. Regulators block a deal before it happens,…
Business
Dick’s Sporting Goods Just Had Its Worst Day Ever. The $2.4 Billion Foot Locker Bet Is Why
Dick’s Sporting Goods lost close to 30% of its market value on Tuesday, the…
AI
XPeng Raised $900 Million for Its Robot Unit at a $6.3 Billion Valuation Before Selling a Single IRON
XPeng’s robotics business has never shipped a product to a paying customer, and investors…
AI
Nvidia Is Raising AI Server Prices More Than 15%, and the Memory Makers Are the Reason
For three years Nvidia has been the company that sets the price of artificial…