The uncertainty in Fed's rate decision highlights potential volatility in financial markets, impacting investment strategies and economic forecasts.
CryptoBriefing•Estefano Gomez14 Sept
Brent crude hit $108 per barrel earlier today, following the latest escalation in the Middle East, before retreating to $107.22 per barrel at the time of writing. West Texas Intermediate was trading at $102.66 per barrel. The surge follows the news of a drone attack on Saudi Arabia’s East-West pipeline that could cut off another 4% of global oil supply and signs that efforts at diplomacy are failing. According to unnamed sources quoted by Reuters, Saudi Arabia’s Yanbu port on the Red Sea has only enough oil for five to seven days of…
Reuters reported that the site was the fourth crypto farm discovered in the area since early 2025, near a local hydroelectric dam.
The Block•Zack Abrams13 Sept
Plan to give US adults $5,000 has been greeted with incredulity across the political spectrum as well as outrage Donald Trump on Sunday doubled down on his controversial pledge to give US adults a $5,000 “dividend” if his Republican party keeps control of Congress after November’s midterm elections. The plan has been greeted with expressions of incredulity across the US political spectrum as well as outraged accusations of seeing to bribe voters. The plan – which would cost more than a trillion dollars – also comes amid huge concern over the US national debt, which topped $40tn for the first time in August. Reuters contributed to this article Continue reading...
The Guardian•Guardian staff13 Sept
Oil producers, traders, and refiners are bracing for a prolonged war between the United States and Iran in the Persian Gulf with little to no hope of a quick resolution. By extension, they are also preparing for higher prices for longer, a theme present at this year’s edition of the Asia Pacific Petroleum Conference. Reuters’ Clyde Russell reported this week that the mood at APPEC was not particularly cheerful as hostilities in the Middle East escalate once again, suggesting achieving peace would be quite a challenge. The Reuters columnist…
Anthropic is said to be seeking to raise as much as $100 billion in the offering, which could value the AI company at about $2 trillion.
Cointelegraph•Cointelegraph by Michael Millard12 Sept
Reuters is reporting that Singapore Airlines will seek greater financial control over Air India, in exchange for continuing its investment in the airline. Singapore Airlines currently has held a 25.1% stake in Air India since November 2024. The Indian domestic carrier has posted persistent losses in recent years and recently requested $1.5 billion in fresh […]
Travel Radar•Billy Stack12 Sept
A limited number of Greenberg Traurig documents have appeared on the dark web after an unauthorized actor accessed them, the international law firm has said. Reuters reported on Sep. 10 that Greenberg Traurig had confirmed the unauthorized access and dark…
New Mexico's Supreme Court is punishing a lawyer for including AI-fabricated witnesses and fake police testimony in an appeal for his client's murder conviction, according to a report from Reuters. In a filing on Wednesday, the court fined Stephen Aarons $5,000 and held him in contempt for failing to "verify the factual claims and legal […]
The Verge•Emma Roth11 Sept
The White House is considering using the Defense Production Act to add U.S. refining capacity, with American refineries already running at 98% capacity and diesel prices above $6 per gallon for the first time. The proposal was discussed during President Donald Trump’s recent meeting with nearly a dozen U.S. refiners, according to Reuters. No decision has been made, and discussions are expected to continue. Refining executives told administration officials that federal money would produce more barrels faster if it were used to expand existing…
Bitcoin Suisse has announced plans to cut up to 60 of its 120 positions in Switzerland and close its Copenhagen development site as part of an international reorganization. Bitcoin Suisse puts up to 60 Swiss jobs at risk Reuters reported…
The United Arab Emirates (UAE) is considering significant changes to its plans to build a massive 5-gigawatt AI data center in Abu Dhabi in partnership with U.S. tech giants, after Iran started targeting American air bases and U.S.-linked critical infrastructure in the Persian Gulf, multiple sources have told Reuters. The UAE, which aims to become not only a regional but also a global leader in AI development and computing, last year planned to build the 5-GW UAE-US AI Campus in Abu Dhabi. The sprawling campus was planned to include 5 GW of capacity…
Ship traffic through the Strait of Hormuz slumped to single digits on Thursday, down from a 10-day average of 15 vessels that transited the chokepoint in both directions, Reuters reports, citing preliminary vessel-tracking data by Kpler as of early Friday. Only seven vessels, two outbound and five inbound, transited the Strait of Hormuz over the past 24 hours, per the data, which tracks only ships with positioning systems switched on. Dark transits are believed to be much higher as vessel operators and commodity buyers prefer to switch off their…
Andrew Chang breaks down how thieves stole millions of dollars of Renoir paintings from a museum in France, moment by moment. (Photo credits: The Canadian Press, Reuters, Adobe Stock, and Getty Images)
Copper future and related stocks plunged on Thursday morning after a Reuters report said that the White House's "copper tariff plan stalls amid affordability concerns." The Trump administration has yet to decide whether to impose tariffs on refined copper, sending copper prices around the world to record highs this summer as physical copper flooded US warehouses. The report from the outlet: The White House has not yet made a decision on refined copper tariffs as officials juggle concerns that higher prices for the red metal could…
Senegal will offer to local and foreign investors as many as 109 oil and gas blocks, Energy and Petroleum Minister, El Hadji Abdourahmane Diouf, has said. Only four out of the West African country’s 113 oil and gas blocks are currently contracted, the official told a local TV channel. “The remaining 109 will be put on the market,” the minister said, as carried by Reuters. “The president’s plan is to create local leaders in the energy, oil and gas sectors,” Diouf added. [GooglePreferredSource] Several oil and…
How can Canada win a trade war with the U.S. when leverage isn't equal? Andrew Chang explains how Canada is retaliating against massive tariffs levied by a neighbour 13 times its economic size. (Photo credits: The Canadian Press, Reuters, Adobe Stock and Getty Images)
Germany’s debate over Bitcoin taxation has gained a new political dimension after the Alternative for Germany won nearly 44% of the vote in Saxony-Anhalt, months after the party opposed plans to remove the country’s one-year crypto tax exemption. Reuters reported…
Average property cost £298,468 in August, down by 0.4% year on year amid higher interest rates, says Lloyds UK house prices have fallen for the first time in almost three years, as prospective buyers were squeezed by higher mortgage rates, geopolitical uncertainty and stretched affordability. Prices have dropped by 0.4% compared with a year ago, the first year-on-year decrease since November 2023, according to the lender Lloyds. That came in below expectations of a 0.2% annual rise, according to a poll of economists by Reuters. Continue reading...
The Guardian•Lauren Almeida7 Sept
Pic: Reuters
Sky News6 Sept