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Strait of Hormuz Remains Largely Closed Despite US-Iran Ceasefire as

Failed Hormuz Talks and Trump Blockade Trigger Global Stock Sell-Off as Oil Surges Past $103

NEW YORK — The abrupt failure of U.S.-Iran peace negotiations in Pakistan and President Donald Trump's immediate order to blockade the Strait of Hormuz sent shockwaves through world financial markets Monday, driving oil prices above $103 a barrel and triggering sharp declines in global stock indexes as investors priced in prolonged energy disruptions and higher inflation risks.


OpenAI vs Elon: AI Giant Accuses Musk's Proposal as 'Legal Ambush' Ahead of Trial

Elon Musk's $134B lawsuit against OpenAI and Microsoft intensifies, with new claims, leadership challenges, and a high-stakes trial set for April 27.

Stamp Prices Could Jump to 82 Cents Under USPS Proposal

USPS proposes raising stamp prices to 82 cents as part of a new mailing rate increase aimed at addressing financial pressure and rising costs.

Chinese Automakers Accelerate Global Expansion as Domestic Sales Decline

Chinese automakers boost global exports as domestic car sales decline, led by strong EV demand and expanding overseas markets in 2026.


Latest News

Jury Orders NFL to Pay $4.7 Billion in Damages After Breaking Antitrust Laws in ‘Sunday Ticket’ Case
The DOJ investigates the NFL's broadcast model over rising costs and concerns it may limit competition and fan access.
Elon Musk Sparks Political Shakeup With Launch of America Party
Elon Musk's xAI has filed a lawsuit to block Colorado's new AI law, arguing it violates free speech and could slow down AI development in the U.S.
US Targets China Telecom Giants in Proposed New National Security
FCC proposes new restrictions on Chinese telecom firms, citing national security risks and tighter control over U.S. networks.
Gigafactory In Austin, Texas
AUSTIN, Texas — Texas emerged as the clear winner in corporate headquarters relocations during the first months of 2026, attracting dozens of major companies seeking lower taxes, lighter regulation and business-friendly policies, while California continued to post the steepest net losses of corporate HQs among U.S. states.
SanDisk
MILPITAS, Calif. — Shares of SanDisk Corp. surged more than 7.5% Thursday, pushing the pure-play NAND flash and solid-state drive maker to fresh record highs near $840 as booming demand for high-capacity storage in artificial intelligence data centers continued to fuel one of the most dramatic rallies on Wall Street in 2026.
Executives at Silicon Valley chip maker Intel say 'fluid' US trade policies and regulatory moves have increased the chances of economic slowdown
SANTA CLARA, Calif. — Intel Corp. shares climbed more than 2.5% Thursday, breaking above $60 for the first time in years, as renewed optimism around the chipmaker's foundry business, a high-profile partnership with Elon Musk's Terafab project and a fresh analyst upgrade lifted sentiment amid a broader technology sector rebound.
LA28 Olympics Ticket Prices Spark Outrage; CEO Reynolds Hoover Promises
A28 Olympic ticket prices spark backlash as CEO Reynolds Hoover defends costs and promises more affordable ticket releases.
Fedex To Cut 10 Percent Of Its Executive Level Positions
FedEx pilots secure a tentative deal with major pay raises and retroactive bonuses after nearly five years of negotiations.
Disney Channels Remain Blocked on YouTube TV, Causing $30 Million
Disney plans to lay off up to 1,000 employees as new CEO Josh D'Amaro begins leadership amid ongoing cost-cutting efforts.
Ford Announces $5 Billion EV Investment, First $30K Model Coming
Ford requests temporary relief from 25% aluminum tariffs after Novelis fires disrupt U.S. vehicle production.
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