Oil prices surge above $100 as U.S. Navy to blockade Iran’s ports after peace talks fail
President Donald Trump said he ordered the U.S. Navy to find and interdict any ship in international waters that has…
Economy
Hormuz blockade could deepen world’s worst energy crisis — and risk a dangerous misstep
The U.S. naval blockade of the Strait of Hormuz threatens to halt more tanker traffic, sending oil surging and risks…
How Kodak is trying to turn around its business after teetering on bankruptcy
Photography company Eastman Kodak has seen its fair share of financial struggles, but CEO Jim Continenza is determined to fuel…
Berkshire electric utility’s court win could save it billions
PacifiCorp court win could reduce wildfire damages by $1 billion or more. ...
U.S.-Iran peace summit in Pakistan concludes with no deal, talks to continue on Sunday
Two American warships transited through the Strait of Hormuz for the first time since the start of the conflict. ...
TSMC posts 35% jump in revenue to new record high as AI chip demand stays strong
TSMC is benefiting from sustained demand for advanced semiconductors from its key customers like Apple and Nvidia. ...
Powell, Bessent discussed Anthropic’s Mythos AI cyber threat with major U.S. banks
Anthropic rolled out the new Mythos AI model to a select group of companies over concerns that hackers could exploit…
Consumer prices rose 3.3% in March, as energy prices spiked due to Iran conflict
The consumer price index was expected to show a 3.3% year-over-year gain in March, according to the Dow Jones consensus.…
Trump warns U.S. military will stay near Iran until ‘real agreement’ is honored
The statement came a day after Washington and Tehran agreed to a two-week ceasefire brokered by Pakistan, which halted six…