Oil prices surged over 3% on Friday as geopolitical tensions escalated, with West Texas Intermediate (WTI) crude oil trading around $67.50 per barrel. The rally is driven by concerns about potential supply disruptions and repricing of risk premiums due to ongoing negotiations between the US and Iran. The market’s focus on the Strait of Hormuz, … Read more
The US Department of Defense is in a standoff with AI company Anthropic over the use of its A.I. model, Claude, in classified systems. The dispute is not just about $200 million but also reveals deep divisions on how A.I. should be used for national security. A.I. safety and regulation are no longer top priorities … Read more
Netflix ended its bid to acquire Warner Bros. Discovery for $31 per share, choosing instead to invest $20 billion in content production this year. The move comes after Paramount Skydance offered a lower bid and the company was looking to conserve cash. The decision is seen as a win for Netflix’s shareholders, who will receive … Read more
Analysts predict higher oil prices due to rising tensions between the US and Iran. The U.S.-Iran standoff is driving up geopolitical risk premium, which has already added $4-$10 per barrel to oil prices. Brent Crude and WTI Crude are expected to average above $60 per barrel this year, with price forecasts increased by about $1.50 … Read more
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Amazon is already monetizing its quantum computing capabilities through its fully managed Amazon Braket service. This cloud-based platform gives customers access to multiple quantum processors, simulators, and hybrid workflows within the AWS ecosystem. Unlike pure-play quantum computing companies like D-Wave Quantum, Amazon’s approach is hardware-agnostic, allowing it to earn revenue regardless of which technology prevails. … Read more
A massive cyberattack has exposed Social Security numbers and health details of at least 25 million Americans, making it the largest breach in US history. The breach, caused by a New Jersey-based contractor, affected multiple states including Texas (15.4 million), Oregon (10.5 million), Delaware, Massachusetts, New Hampshire, Georgia, South Carolina, New Jersey, Maine, and New … Read more
The Trade Desk’s stock has fallen 83% from its peak in late 2024 due to slowing revenue growth, with Q3 sales dropping by 18%. Revenue growth for the company is at its weakest point since before the pandemic. Despite management blaming poor execution and macro headwinds, competition seems to be a major source of trouble. … Read more
Rep. Tim Burchett (R-TN) will lead an investigation into allegations of sexual misconduct by lawmakers on Capitol Hill, starting with a “slush fund” for workplace disputes, including claims of harassment. The 2018 law requires lawmakers to foot the bill for those expenses, but sets have been reopened amid scandal after Rep. Tony Gonzales (R-TX) allegedly … Read more