Iran tanker seizure confirmed in Strait of Hormuz amid rising maritime tensions

Iran tanker seizure in the Strait of Hormuz with crew and cargo details under investigation

Iran’s Islamic Revolutionary Guard Corps confirmed Friday that it had seized the Marshall Islands flagged tanker Talara in the Strait of Hormuz, a strategic waterway through which roughly one fifth of the world’s traded oil passes.  The vessel, which was en route from the United Arab Emirates to Singapore, was reportedly carrying high sulphur gasoil, … Read more

US clears way for talks on Lukoil foreign assets sale

U.S. officials discuss the sale of Lukoil foreign assets amid sanctions on Russian oil companies

WASHINGTON — The US Treasury Department on Friday issued licenses that permit potential buyers to negotiate the purchase of Russia’s Lukoil foreign assets, even as the company remains under sweeping sanctions.  The decision comes amid growing international concern over the impact of Russian oil sanctions on global energy markets. The US imposed sanctions on Lukoil … Read more

Government shutdown ends, but air traffic controller shortage deepens

Air traffic controller shortage causing flight delays at a busy US airport

The federal government is open again, but the air traffic controller shortage that burdened the nation’s aviation network during the shutdown is far from resolved.  Transportation Secretary Sean Duffy warned this week that the monthlong disruption could worsen staffing gaps that have already strained airports and delayed travelers nationwide. “We need more of them to … Read more

Mega Millions winning numbers: Georgia ticket wins $980 million jackpot after record streak

Mega Millions winning numbers displayed on lottery screen after Georgia ticket wins $980 million jackpot

A single ticket sold in Georgia matched all six Mega Millions winning numbers in the Friday, Nov. 14 drawing, bringing an end to the game’s longest streak without a jackpot winner since its launch in 2002.  The winning ticket claimed an estimated $980 million prize, according to lottery officials. The winning numbers were 1, 8, … Read more

Amazon, Microsoft back legislation to curb Nvidia exports to China, WSJ reports

US tech companies backing legislation to restrict Nvidia exports to China as policymakers tighten controls on advanced AI chips

Amazon is joining Microsoft in supporting proposed US legislation that would further restrict Nvidia exports to China, deepening Washington’s efforts to prevent Beijing from acquiring high end artificial intelligence chips.  The Wall Street Journal reported the development Thursday, citing people familiar with the matter, as debate intensifies over how far the United States should go … Read more

US South Korea shipbuilding deal anchors $150 billion investment and major tariff cuts

South Korean and U.S. officials signing a major economic agreement outlining a $150 billion shipyard investment as part of the US South Korea shipbuilding deal.

WASHINGTON — The US South Korea shipbuilding investment and subs trade deal was unveiled Friday as the two governments released detailed terms of a sweeping economic and security agreement that includes a South Korean pledge to invest $150 billion in American shipbuilding and another $200 billion in broader industrial sectors.  The announcement followed months of … Read more

Dow, Nasdaq, S&P 500 fall as Fed rate cut worries weigh on Wall Street

A financial trader works in a dimly lit office as a screen shows declining Dow, Nasdaq, and S&P 500 percentages amid Fed rate cut worries.

US stocks closed lower Thursday as major indexes retreated on renewed Fed rate cut worries, with the Nasdaq Composite posting the sharpest losses.  The Dow Jones Industrial Average, S&P 500 and Nasdaq all fell throughout the session as investors digested mixed economic data and shifting expectations for central bank policy.  Concerns intensified after President Trump … Read more

Blue Origin reusable rocket achieves first New Glenn booster landing amid rising competition with SpaceX

Blue Origin reusable rocket New Glenn booster landing on ocean barge during successful recovery mission

Blue Origin achieved a key milestone Thursday after landing the booster for its New Glenn launcher for the first time, marking a significant advancement in the company’s push to compete more directly in the reusable rocket sector dominated by SpaceX.  The test, which featured the Blue Origin reusable rocket lifting off from Cape Canaveral and … Read more

Musk’s xAI raises $15 billion amid controversy and denial from Elon Musk

Elon Musk’s AI company xAI reportedly raises $15 billion as CEO denies claim amid growing controversy over data centers and funding transparency.

Elon Musk’s artificial intelligence startup, xAI, has reportedly raised $15 billion in new funding, according to a CNBC report citing sources familiar with the matter.  The infusion, which allegedly boosts the company’s valuation to $200 billion, underscores the accelerating race for capital in the AI sector. However, Musk quickly disputed the report. In a post … Read more