Oil settles Friday at highest level since start of war
US oil prices moved higher in afternoon trading Friday, sapping strength from the stock market as they posted their highest close since the start of the Iran war. After another day where the Strait of...
These two charts show how the Iran war is causing markets to price in a longer oil supply crunch
For the oil market, aspirational rhetoric and coordinated action are telling one story, and the futures curve is telling quite another. US-Israeli attacks against Iran, and the Gulf nation’s subsequen...
War in the Middle East halts Meta’s undersea fiber project
massive undersea cable project connecting Africa and the Middle East to Europe has run into an unexpected obstacle — not under the sea, but in the sky and land above: the war in the Middle East. Accor...
Oil jumps back over $100 per barrel with tankers ablaze after being struck near the Strait of Hormuz
After a brief bout of relief earlier this week, markets remain under duress on Thursday morning after a flurry of attacks on ships sailing through or near the Strait of Hormuz, where nearly a fifth of...
Group of retired senior military officers and Microsoft file briefs supporting Anthropic in lawsuit
and a group of 22 retired senior military officers have filed amicus briefs in support of Anthropic in its lawsuit against the US government. The group of military officers includes two former secreta...
Anthropic sues the US government
In response to the Pentagon’s declaration that Anthropic’s Claude is a national security supply chain risk , the AI company has filed suit in Northern California federal court. Anthropic is asking the...
Where in the US have gas prices jumped the most since the US attack on Iran?
With the US-Iran war escalating , oil markets have become the global gauge of the conflict — and American drivers are already feeling the pain at the pump. On Sunday, crude prices surged past $110 a b...
Nvidia falls on report of US government drafting regulations restricting AI chip exports
According to Bloomberg, the Trump administration will propose regulations that would require US government approval for AI chip shipments worldwide, expanding existing export controls that currently a...
Nvidia reportedly halts production of H200 chips for sale to China in favor of Vera Rubin ramp
Selling H200s to China is proving more difficult than had anticipated. The Financial Times reports that the chip designer has asked TSMC to stop output of the H200 processors and instead produce Vera...
Report: Amodei told staff that Anthropic was targeted for lack of “dictator-style praise” for Trump
More details are leaking out from Anthropic about how CEO Dario Amodei explained the company’s dramatic schism with the Pentagon over its AI terms of use. The Information shared details from a leaked ...
Palantir’s ties to Anthropic reportedly under strain amid Pentagon spat
may have to cut ties with AI lab Anthropic after Defense Secretary Pete Hegseth declared his department would restrict military contractors from using Anthropic’s technology , according to a story by ...
Stocks fall in another volatile trading session as the war in Iran continues into its fourth day
The S&P 500, Nasdaq 100, and Russell 2000 all fell, with every sector trading lower. Stocks pared steeper losses after US President Donald Trump ordered immediate action to improve the flow of oil to ...
Oil to lows and stocks to highs of day after President Trump says US will insure and escort oil tankers through the Gulf
West Texas Intermediate futures dipped to their lowest level of the day while the continued to pare losses after US President Donald Trump ordered immediate action to improve the flow of oil to globa...
War has pushed global markets into the danger zone
Low correlations have been one of the dominant features of this bull market. That is, the S&P 500’s heavyweights have tended to march to the beat of their own drummers , despite seemingly having a com...
Energy price spike on Mideast war has traders betting on no Fed cuts through June
A war in the Middle East, and the resultant upward pressure on oil prices, has caused traders to reverse bets that the Federal Reserve will cut interest rates in the first half of this year. The predi...
Claude is still top of the US free App Store, as users defect from ChatGPT following Pentagon deal
Last Friday, President Trump directed federal agencies to cease using all Anthropic products owing to its very messy , very public dispute with the Department of War ( née Defense ), which had centere...
Nvidia, AMD slump as US government said to consider capping AI chip sales at 75,000 per Chinese buyer
The US is considering putting a cap of 75,000 on the number of AI chips that Chinese firms can purchase, per Bloomberg , citing people familiar with the matter. Both and are lower in premarket tradi...
Futures turn sharply red and European stocks fall as Iran threatens the Strait of Hormuz
After a volatile trading session yesterday — in which US stocks ended up very marginally in the green after a premarket session that looked decidedly negative — traders are once again selling risk ass...
After tussle with Pentagon, Anthropic’s $60 billion worth of recent investments might be at risk
The fallout from Anthropic’s dramatic split from the Pentagon is still being measured. For a domestic company to be labeled a “supply-chain risk to national security” by the US defense secretary is un...
A blow-by-blow catch-up on how Trump vs. Anthropic has unfolded
Last week’s tense standoff between Anthropic and Defense Secretary Pete Hegseth focused on the issue of how the startup’s AI could be hypothetically used to surveil Americans or kill people. By the we...