OpenAI and Microsoft are reportedly beefing. The biggest...
OpenAI and Microsoft are reportedly beefing. The biggest partnership in AI might be on the rocks, according to a report in the Wall Street Journal. OpenAI is reportedly considering the “nuclear option” of accusing Microsoft of anticompetitive behavior as it seeks to convince the tech giant to approve its conversion into a for-profit company. Per the WSJ, the two companies don’t agree on how much of OpenAI Microsoft would own if the former were to launch a public-benefit corporation. Microsoft has invested billions into OpenAI in exchange for access to its technology, but they have recently become rivals amid the artificial intelligence arms race.
Brad Lander, the NYC comptroller and a candidate for mayor, was arrested by ICE agents outside of an immigration courthouse after attempting to escort a defendant out of the hearing.
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Duracell is suing Energizer, accusing the rival battery-maker of falsely claiming its batteries outlast Duracell’s by 10%.
MyPillow founder Mike Lindell was found guilty of defaming a former employee of Dominion Voting Systems and forced to pay $2.3 million in damages over his false claims that the 2020 election was stolen.
Oil prices rise more than 4% as Iran-Israel conflict escalates
(Reuters) - Oil prices climbed over 4% on Tuesday as the ...
(Reuters) - Oil prices climbed over 4% on Tuesday as the Iran-Israel conflict raged with no end in sight, though major oil and gas infrastructure and flows have so far been spared from substantial impact.
Brent crude futures settled at $76.45 a barrel, up $3.22, or 4.4%. U.S. West Texas Intermediate crude finished at $74.84 a barrel, up $3.07or 4.28%.
While there was no noticeable interruption to oil flows, Iran partially suspended gas production at the South Pars field it shares with Qatar after an Israeli strike started a fire there on Saturday. Israel also hit the Shahran oil depot in Iran.
The continuing exchange of airstrikes between Israel and Iran returned geopolitical risk to oil markets already aware of a tight supply and demand balance, said Phil Flynn, senior analyst with the Price Futures Group.
"This is not a one-and-done; it's probably much more similar to Russia and Ukraine," Flynn said.
U.S. stocks finish lower after Trump calls for Iran's 'unconditional surrender'
U.S. stocks finished lower on Tuesday, giving back most...
U.S. stocks finished lower on Tuesday, giving back most gains from the previous session, as investors feared that an escalation of tensions between Israel and Iran could trigger deeper U.S. involvement in the Middle East conflict.
The Dow Jones Industrial Average fell nearly 300 points, or 0.7%, to end near 42,215, according to preliminary data from FactSet.
The S&P 500 was off 0.8%, to finish at around 5,982.
The Nasdaq Composite slumped 0.9%, ending near 19,521.
U.S. President Donald Trump on Tuesday called on Iran to surrender without conditions to bring an end to the conflict with Israel, fueling fresh worries on Wall Street that the White House is on the verge of joining Tel Aviv's military strikes against Tehran.
The surge in oil prices picked up steam on Tuesday. West Texas Intermediate crude for July delivery was up over 4% to trade at $74.84 a barrel, while August Brent crude, the global benchmark, also rose around 4.4%, at $76.45 a barrel, according to FactSet data.
TotalEnergies buys stake in Chevron US exploration blocks
TotalEnergies has acquired a 25% stake in several Chevron-operated offshore...
TotalEnergies has acquired a 25% stake in several Chevron-operated offshore oil and gas exploration areas in the US, expanding its presence in US waters. The deal builds on existing partnerships, including projects such as Ballymore and Tahiti, and provides access to potential future discovery sites.
Oil prices volatile as Israel, Iran conflict escalates
Oil prices have experienced volatility as the conflict between Israel...
Oil prices have experienced volatility as the conflict between Israel and Iran escalates, with Brent and West Texas Intermediate crude jumping over $4 per barrel before trimming gains on Monday, following a 7% increase on Friday. Concerns are rising about potential disruptions to the Strait of Hormuz if the conflict continues to intensify.
