bbc_business
jet fuel prices have more than doubled since late february, hitting $1838 per tonne in early april before settling above $1500. the strait of hormuz has been blocked for eight weeks, cutting off about 20% of globally traded jet fuel — and europe gets more than half its imports from the
ft_home
the us will start guiding stranded ships out of the strait of hormuz on monday, according to trump. he called it a humanitarian effort. trump also said "very positive discussions" with iran are ongoing. no details on which ships or how many are stuck. source: ft_home sentiment:
ft_home
greg abel, warren buffett's successor at berkshire hathaway, spoke at the annual meeting but left investors with few clues about the company's massive cash pile. berkshire's war chest — which has grown to roughly $189 billion — remains a central question. abel didn't offer
marketwatch_top
opec+ said sunday it will slightly increase crude production in june. the move is mostly symbolic — the real constraint on global supply is the ongoing war with iran, not opec+ quotas. the group's announcement doesn't change that bottleneck meaningfully. source: marketwatch_top sentiment: -0.20 · impact:
cnbc_topnews
big tech earnings this quarter sent a clear signal: heavy spending on ai infrastructure is being rewarded, not punished. alphabet, amazon, apple, microsoft, and meta — five of the magnificent seven — all reported massive capital expenditure plans for data centers, and the market reacted differently to each. alphabet guided $180-190 billion
cnbc_topnews
greg abel ran his first berkshire hathaway annual meeting as the guy in charge, and shareholders mostly liked what they saw. the reviews were positive — "very solid. no misspoke words. thorough answers," said steve check of check capital management. david kass, a finance professor and decades-long shareholder, said
ft_home
global banks are moving to offload some of their data centre debt, worried the ai boom is piling on more exposure than they can safely hold. they're using private deals and risk transfers to shrink their balance sheets without selling the loans outright. the concern is that data
cnbc_topnews
jeanine pirro said sunday that new ballistics evidence confirms cole allen's shotgun pellet hit a secret service agent's vest during the white house correspondents' dinner shooting last weekend. pirro told cnn's "state of the union" the buckshot was from the mossberg
marketwatch_top
the s&p 500 is up roughly 10% year-to-date, driven by a concentrated ai spending boom. q1 earnings have been strong, but the rally's foundation is narrower than it looks. upward revisions to 2026 earnings forecasts have been highly concentrated in just a handful of companies tied
cnbc_topnews
jeanine pirro appeared to drop plans to appeal a ruling against her criminal investigation of fed chair jerome powell. she instead said she'll file a motion to vacate judge james boasberg's order quashing her subpoenas to the fed. the shift came on cnn's "
cnbc_topnews
the s&p 500 kept its record run alive last week, boosted by earnings showing the ai spending boom isn't slowing. this week brings more earnings, jobs data, and corning's investor day. three club names report: eaton on tuesday morning (revenue est. $7.08b, eps
ft_home
the us cancelled plans to deploy a long-range missile battalion to europe, leaving a gap in nato's deterrence posture as the continent re-arms. the decision was made without a public replacement, and comes at a time when nato allies are increasing their own defense spending. the cancelled unit