Late Thursday, the Trump administration announced a 30-day waiver on sanctions for Russian oil currently at sea, citing the need to stabilize global energy prices. Treasury Secretary Scott Bessent noted …
Shipping Blockade in Persian Gulf Set to Send U.S. Inflation Toward 4%
A rare shutdown of shipping lanes has disrupted the U.S. inflation outlook, following a February report that saw prices rise at a 2.4% annual clip. The conflict, which began in …
Musk’s Tesla Enters British Energy Market to Challenge Traditional Suppliers
The UK’s “Big Six” energy companies have a new competitor as Tesla secures its electricity supply licence from Ofgem. The authorization allows Elon Musk’s company to sell electricity to homes …
Waitrose Profits Surge as John Lewis Partnership Reinstates Staff Bonus
Strong performance at Waitrose has helped the John Lewis Partnership return to a position where it can pay an annual bonus to its employees. The group announced a 2% bonus …
Bahrain and Iraq Halt Oil Operations Following Targeted Iranian Strikes
The Middle East’s energy landscape was further destabilized on Thursday as Iranian retaliatory strikes hit key facilities in Bahrain and Iraq. Bahraini authorities were forced to order residents to stay …
Financial Markets Brace for Higher Inflation as Energy Costs Climb
The UK’s economic outlook has shifted as the OBR warns that inflation could settle at 3% due to ongoing Middle East tensions. The conflict, centered on military action against Iran, …
State Regulators Greenlight 41 Gas Turbines for xAI’s Mississippi Datacenter
The Mississippi Department of Environmental Quality (MDEQ) has officially permitted xAI to run 41 gas turbines at its Colossus 2 facility in Southaven. This decision allows the company to significantly …
SpaceX is exploring a public listing that could fundamentally change the makeup of the Nasdaq 100. The company is targeting a valuation of $1.75 trillion, which would make it one …
A major shift in U.S. energy policy was signaled today as President Donald Trump announced a $300 billion oil refinery project in Brownsville, Texas. This is the first time in …
Wall Street Prepares for a Legal Showdown Over Federal Banking Rules
A major legal dispute is on the horizon as the Bank Policy Institute evaluates taking the OCC to court over crypto-related licensing. The BPI, whose board includes CEOs from Citigroup …