G7 nations agreed to accelerate diversification of energy supply routes and increase energy stocks to reduce Strait of Hormuz vulnerability.
Year: 2026
Kroger-Albertsons Lawsuit Heats Up Over Claims of Intentional Divestiture Failures
Albertsons alleges Kroger tried to divest unprofitable stores during the failed merger, according to a review of recently unsealed court filings.
OpenAI Confidentially Files for US IPO That Could Value Company at $1 Trillion
OpenAI submitted a confidential S-1 to the SEC for an IPO potentially happening as soon as September 2026 at a valuation near $1 trillion.
Anthropic Valued at $965 Billion After Latest Financing Round Closes
Anthropic closed a new financing round at a $965 billion valuation, surpassing OpenAI to become the highest-valued AI company.
SpaceX Set to Acquire AI Coding Tool Cursor for $60 Billion in Stock
Elon Musk’s SpaceX has signed an agreement to acquire Anysphere, the company behind the AI coding assistant Cursor, for $60 billion.
OpenAI Lost $3.7 Billion in Q1 While Revenues Hit $5.7 Billion
Internal shareholder documents reveal OpenAI’s massive losses even as revenues continue to climb at an unprecedented pace.
ByteDance on Track to Spend Over $1 Billion a Year on Microsoft AI Services
Microsoft’s AI business in China is booming with ByteDance its biggest customer, spending over a billion dollars annually on OpenAI models via Azure.
$300 Billion Private Investment Fund for Iran Detailed in US-Iran Agreement
More than half of a $300 billion private fund outlined in the US-Iran framework has already been committed by companies across the globe.
Trump Signs US-Iran Framework: Asian Markets Surge With Nikkei Crossing 71000
Following the signing of the US-Iran agreement, Asian benchmarks surged with Japan’s Nikkei 225 rising 1.9% to 71,233.
S&P 500 and Nasdaq Rise as Trump-Iran Agreement Eases Market Fears
US stock indices climbed after Trump cancelled plans for further Iran strikes and SpaceX made its Nasdaq debut on the same day.