Soaring fuel prices from the Iran war are forcing oil traders into longer, stranger journeys, sending cargoes on routes that would normally make little economic sense. Consider the STI Solace , a 250-meter-long tanker now motoring past West Africa carrying diesel, according to a person familiar with the matter. After loading off the UK in the latter half of March, it’s about a third of the way thr...
Soaring fuel prices from the Iran war are forcing oil traders into longer, stranger journeys, sending cargoes on routes that would normally make little economic sense. Consider the STI Solace , a 250-meter-long tanker now motoring past West Africa carrying diesel, according to a person familiar with the matter. After loading off the UK in the latter half of March, it’s about a third of the way through a trip of more than 12,000 miles to Australia, tracking data from Energy Aspects and Signal Ocean shows. What makes the shipment particularly eye-catching is the direction of travel: Europe generally pulls in diesel rather than exporting it. But while Europe’s diesel benchmark has soared since the war began, prices in Asia have jumped even more, meaning it can still make sense to send a cargo thousands of miles across the globe. “Everything about this market is wild,” said Philip Jones-Lux, a senior oil analyst at energy analytics firm Sparta Commodities. “Europe is still short of diesel, but the situation in Asia is so much more acute that prices there are pulling barrels halfway around the world.” War in the Middle East is roiling global oil supply chains, depriving the market of millions of barrels of crude and refined fuels such as diesel. Disruptions stem from both the closure of the Strait of Hormuz and reduced refinery processing rates in some areas. The International Energy Agency has called it the biggest supply shock on record. The result is a global tug-of-war for fuel, with traders scrambling to secure supplies. March flows are already beginning to reflect how quickly the market is adjusting after the conflict’s late-February onset. The longer the Strait of Hormuz remains closed, the more intense the competition is likely to become. Traders have warned that Europe is at risk of diesel shortages in the coming weeks. Read More: Australia Plans $700 Million Support for Firms Hit by Fuel Costs Australia has been hit particularly hard. Panic buying, especially i...
Intel shares led semiconductor and other tech stocks higher Wednesday. The chipmaker is buying back a 49% stake in its Ireland chip plant that it sold to Apollo in 2024.
Intel shares led semiconductor and other tech stocks higher Wednesday. The chipmaker is buying back a 49% stake in its Ireland chip plant that it sold to Apollo in 2024.
Brutal past experience has taught us that a cost of living crisis doesn’t affect us all the same, because we don’t all go into it with the same income or wealth Perhaps the most celebrated writer on oil markets is Daniel Yergin. His work has won a Pulitzer and his advice sought by every president from Bill Clinton to Donald Trump. Let’s start by looking at an example. Fifteen years ago, before the...
Brutal past experience has taught us that a cost of living crisis doesn’t affect us all the same, because we don’t all go into it with the same income or wealth Perhaps the most celebrated writer on oil markets is Daniel Yergin. His work has won a Pulitzer and his advice sought by every president from Bill Clinton to Donald Trump. Let’s start by looking at an example. Fifteen years ago, before the US and Israel started their war on Iran, killing thousands of civilians in the process, before the strait of Hormuz became as infamous as the Bermuda Triangle, and before experts declared “the greatest global energy security threat in history”, Yergin published The Quest : Energy, Security and the Remaking of the Modern World. After hearing Trump announce a “very soon” end to the conflict for the second – or was it the third? – time, I dug out my copy. Just as I remembered, it devotes a chapter to the Persian Gulf. Aditya Chakrabortty is a Guardian columnist Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here . Continue reading...
gopixa/iStock via Getty Images Small-cap stocks have been hammered lately, but a screen of the most oversold names by Relative Strength Index points to possible rebound candidates across tech, gaming, biotech, and consumer sectors. Below is a list of the top 10 most oversold small-cap stocks, ranked by their Relative Strength Index ( RSI ). The list includes companies from various sectors such as ...
gopixa/iStock via Getty Images Small-cap stocks have been hammered lately, but a screen of the most oversold names by Relative Strength Index points to possible rebound candidates across tech, gaming, biotech, and consumer sectors. Below is a list of the top 10 most oversold small-cap stocks, ranked by their Relative Strength Index ( RSI ). The list includes companies from various sectors such as Interactive Media and Services, Application Software, Personal Care Products, Casinos and Gaming, Health Care Technology, Pharmaceuticals, Biotechnology, Systems Software, and Office Services and Supplies. The list is topped by FuboTV Inc. ( FUBO ) and Yext, Inc. ( YEXT ), both with an RSI reading of 21, making them the most oversold stocks in this ranking. Digital Turbine, Inc. ( APPS ) follows closely with an RSI of 22. Other notable entries include Coty Inc. ( COTY ) with an RSI of 23 and Bally’s Corporation ( BALY ) with an RSI of 24. The list features companies with a mix of Quant ratings ranging from “Hold” to “Strong Sell,” indicating varying levels of analyst sentiment across these oversold names. The Relative Strength Index ( RSI ) is a momentum oscillator that measures the velocity and magnitude of price changes, plotting them on a scale from 0 to 100. RSI compares the magnitude of recent gains to recent losses over a chosen lookback period—typically 14 days. RSI readings of 70 or above are generally considered a signal that a stock may be overbought and potentially poised for a pullback. An RSI below 30 indicates that a stock may be oversold, signaling that intense selling pressure has potentially driven the price below its fair value. Here is the list: FuboTV ( FUBO ), Market Cap: 1.03B, RSI: 21 Yext, Inc. ( YEXT ), Market Cap: 473.65M, RSI: 21 Digital Turbine, Inc. ( APPS ), Market Cap: 345.31M, RSI: 22 Coty Inc. ( COTY ), Market Cap: 1.77B, RSI: 23 Bally’s Corporation ( BALY ), Market Cap: 467.88M, RSI: 24 Phreesia, Inc. ( PHR ), Market Cap: 508.37M, RSI: 24 N...
Backiris While the U.S. has largely achieved its initial military objectives against Iran, the Islamic Republic is successfully waging asymmetric economic warfare by closing the Strait of Hormuz and holding the global economy hostage, according to Michael Froman, president of the Council on Foreign Relations. In an interview with CNBC, the former U.S. trade representative under the Obama administr...
Backiris While the U.S. has largely achieved its initial military objectives against Iran, the Islamic Republic is successfully waging asymmetric economic warfare by closing the Strait of Hormuz and holding the global economy hostage, according to Michael Froman, president of the Council on Foreign Relations. In an interview with CNBC, the former U.S. trade representative under the Obama administration assessed the current state of the conflict ahead of the president’s planned address about the war. Froman noted that the Pentagon has made significant progress on its stated goals, including degrading Iran’s missile capabilities, sinking their navy, and ensuring they cannot defend their nuclear program. However, the conflict has shifted from conventional military engagement to economic disruption. “Iran has basically waged war against the global economy by closing the Strait of Hormuz, and we are now fighting to reestablish an opening of the Strait of Hormuz, which was, of course, opened before this conflict began,” Froman explained. The diplomatic path forward appears bleak. Froman described the negotiating positions as a “Venn diagram” with “almost no overlap” between the president’s 15-point demands and Iran’s five demands. This stalemate leaves the administration with limited options: either negotiate with Iran or pursue military action to open the strait, with all the associated risks of putting boots on the ground. Iran’s strategy relies on the asymmetric nature of the conflict, using relatively modest military resources to create outsized global disruption. “Their view is all they have to do is survive. The U.S. has to win, and that’s a very asymmetric kind of conflict,” Froman said. Meanwhile, Iran continues to benefit economically, with lifted sanctions on oil at sea allowing both Iran and Russia to command higher prices for their exports. Regarding potential military escalation, Froman noted that assets including the George H.W. Bush carrier, paratroopers, a...
Precious metals trading desks around the world had their best year ever in 2025 as dramatic dislocations and surging trading volumes provided more opportunities than ever to make money. Globally, banks’ precious metals desks earned an estimated $3.9 billion in revenue last year, the highest amount in a series that goes back a decade, according to financial services analytics provider Crisil Coalit...
Precious metals trading desks around the world had their best year ever in 2025 as dramatic dislocations and surging trading volumes provided more opportunities than ever to make money. Globally, banks’ precious metals desks earned an estimated $3.9 billion in revenue last year, the highest amount in a series that goes back a decade, according to financial services analytics provider Crisil Coalition Greenwich. Many veteran traders called 2025 the most tumultuous of their career, with gold and silver surging by the most since 1979. As US President Donald Trump commenced his second term in the Oval office, the precious metals rally was accelerated first by his sweeping tariff agenda and then by his attempts to undermine the independence of the Federal Reserve. Trump’s tariffs moves were behind some of the windfall for banks, as fears that precious metals would be subject to import levies caused a spike in the premium for metal in New York over the global spot trading hub in London. That meant a lucrative arbitrage opportunity for traders who could ship gold and silver to the US. Read More: A Global Market Based on Gold Bars Shudders on Tariff Threat Some major banks were caught “on the wrong side of the trade,” but others capitalized significantly on the blowup of the price differential between London and New York, said Angad Chhatwal , head of fixed income, currencies and commodities for Coalition. That arbitrage opportunity “was a massive mover in terms of P&L gains for banks,” he said. More dislocations arrived later in the year, particularly in silver. A historic squeeze that struck the London market in October led to a hefty discount for futures in the US. In India, a wave of silver buying led to even more extreme price dislocations, while demand from China towards the end of the year was similarly strong. Steep costs for borrowing silver in London also delivered a windfall for banks with metal available to lend. Read More: Sold Out in India, Panic in London: Ho...
The Massachusetts Institute of Technology is exploring ways to make it easier for faculty and students to pursue their own startups and cash in on soaring demand for artificial intelligence. The university is reviewing everything from how long professors can take a leave of absence to the school’s licensing and conflict-of-interest rules, MIT officials said. The initiative is a response to request...
The Massachusetts Institute of Technology is exploring ways to make it easier for faculty and students to pursue their own startups and cash in on soaring demand for artificial intelligence. The university is reviewing everything from how long professors can take a leave of absence to the school’s licensing and conflict-of-interest rules, MIT officials said. The initiative is a response to requests by professors for more leeway to pursue startups and commercial research in the face of MIT’s $300 million budget shortfall and uncertainty around federal scientific research funding. Students have also been clamoring for opportunities to tap into the AI boom. “The world has changed very quickly,” MIT Provost Anantha Chandrakasan said in an interview. MIT has long had a reputation for fostering entrepreneurship: A 2015 report found that a quarter of alumni had founded their own companies, which together would have formed the world’s 10th-largest economy at the time. Since then, MIT faculty and graduates have continued to develop new companies in technology, pharmaceuticals and other industries. But professors and students want to see less red tape. A committee charged with studying the issue is expected to put out its final recommendations later this spring. There’s a need for more clarity around the commercialization of research, said Noubar Afeyan , an MIT alumnus who co-founded Moderna Inc. “Finding ways that intellectual property can find its way to practical applications without it seeming like some clandestine activity or something for nights and weekends, I think that’s going to be the way going forward,” said Afeyan, now the chief executive officer of investment firm Flagship Pioneering . Afeyan isn’t directly involved with the MIT initiative but sits on the university’s executive committee. Over the long term, lending more support to entrepreneurs could boost MIT’s revenue, Chandrakasan said, although he’s focused for now on responding to the needs of faculty and...
2027 EV3 | Image: Kia At the New York International Auto Show on Wednesday, Kia announced that its compact electric SUV, the EV3, will be available in the US "in late 2026." The EV3 has been available overseas since 2024 , when it launched in South Korea and Europe. The 2027 model coming to the US appears to have the same slightly boxy design as the current 2026 model, and it looks like Kia update...
2027 EV3 | Image: Kia At the New York International Auto Show on Wednesday, Kia announced that its compact electric SUV, the EV3, will be available in the US "in late 2026." The EV3 has been available overseas since 2024 , when it launched in South Korea and Europe. The 2027 model coming to the US appears to have the same slightly boxy design as the current 2026 model, and it looks like Kia updated the center console to remove the much-mocked "chopping board" armrest in the original design. The North American version will also have a new glossy black "Nightfall" appearance package option. The EV3 will be available in standard and long-range configurations, offer … Read the full story at The Verge.
According to a Securities and Exchange Commission (SEC) filing dated March 2, 2026, Corecam Pte. Ltd. reported acquiring 158,700 shares of iShares Trust - iShares Global Clean Energy ETF (NASDAQ:ICLN) in the fourth quarter. The estimated value of the trade was $2.65 million, calculated using the average closing price over the quarter. The position’s value at quarter-end was $2.61 million, reflecti...
According to a Securities and Exchange Commission (SEC) filing dated March 2, 2026, Corecam Pte. Ltd. reported acquiring 158,700 shares of iShares Trust - iShares Global Clean Energy ETF (NASDAQ:ICLN) in the fourth quarter. The estimated value of the trade was $2.65 million, calculated using the average closing price over the quarter. The position’s value at quarter-end was $2.61 million, reflecting both the acquisition and share price changes. The iShares Global Clean Energy ETF delivers targeted exposure to the global clean energy industry, enabling investors to participate in the growth of renewable energy and related sectors. The fund's strategy emphasizes diversification across geographies and clean energy sub-sectors, aiming to capture long-term structural trends in the transition to sustainable energy sources. Continue reading
More Than Half Of Americans Believe AI Will Do More Harm Than Good: Poll Authored by Mary Prenon via The Epoch Times, About 55 percent of Americans surveyed in a 2026 Quinnipiac poll said artificial intelligence (AI) will be more harmful than helpful. The survey, released on March 30, was conducted in collaboration with the Quinnipiac University School of Computing & Engineering and the Quinnipiac...
More Than Half Of Americans Believe AI Will Do More Harm Than Good: Poll Authored by Mary Prenon via The Epoch Times, About 55 percent of Americans surveyed in a 2026 Quinnipiac poll said artificial intelligence (AI) will be more harmful than helpful. The survey, released on March 30, was conducted in collaboration with the Quinnipiac University School of Computing & Engineering and the Quinnipiac University School of Business. In April 2025, only 44 percent believed AI would do more harm than good in their daily lives. In the 2026 poll, 21 percent answered that AI affects their lives a lot, while 29 percent said only somewhat, and 30 percent believed AI impacts are minimal. Only 17 percent said they are not impacted at all. Regarding education, 64 percent of survey respondents said AI is more harmful, compared with just 27 percent who believe it will help. For health care issues, 45 percent of those surveyed believed AI will do more harm, while 43 percent said AI will be more helpful. The employment outlook showed the greatest percentage of people worried about the future of AI, as 75 percent said continuous advancements in AI will most likely lead to a decline of job opportunities for people. While 18 percent said AI will not have much of an impact on jobs, only 7 percent said jobs for humans will increase as a result of AI. In just one year, the fear of possible job losses due to AI increased by nearly 20 points. In April 2025, 56 percent of respondents said AI would be detrimental to human jobs. All generations surveyed remain pessimistic about the job outlook as a result of AI’s rapid growth, with Gen Z—including ages 18 to 29—exhibiting the highest percentage at 81 percent. For millennials, aged 30 to 45, 71 percent said jobs are likely to decrease as AI grows, and 67 percent of Gen Z, aged 46 to 61, agree. Of the baby boomer generation, aged 62 to 80, 66 percent indicated that human jobs will decline. “Younger Americans report the highest familiarity with AI ...
Follow latest updates, including how to watch the launch, as four astronauts prepare to set off on a 685,000-mile journey with millions watching Unlike the Apollo moon landings from 1969 to 1972, when millions of people had to gather around small TV sets to watch missions unfold in often grainy and ghosting black and white video, every moment of Artemis II will be a fully online, high-resolution m...
Follow latest updates, including how to watch the launch, as four astronauts prepare to set off on a 685,000-mile journey with millions watching Unlike the Apollo moon landings from 1969 to 1972, when millions of people had to gather around small TV sets to watch missions unfold in often grainy and ghosting black and white video, every moment of Artemis II will be a fully online, high-resolution multimedia experience. The Guardian has a live feed at the top of this blog you can follow. Continue reading...
The rapper was hospitalized in New York City after feeling unwell during her Moulin Rouge performance on Broadway Megan Thee Stallion was taken to the hospital on Tuesday in New York City after feeling unwell during a performance of Moulin Rouge! The Musical on Broadway. A representative for the rapper told Variety that she began “feeling very ill” during the production and that she “was promptly ...
The rapper was hospitalized in New York City after feeling unwell during her Moulin Rouge performance on Broadway Megan Thee Stallion was taken to the hospital on Tuesday in New York City after feeling unwell during a performance of Moulin Rouge! The Musical on Broadway. A representative for the rapper told Variety that she began “feeling very ill” during the production and that she “was promptly transported to a local hospital” to evaluate her symptoms. Continue reading...
The speed of AI-enabled cyber attacks will be too fast for humans alone to counter, says Armadin CEO Kevin Mandia. He joins Tim Stenovec on “Bloomberg Tech.” (Source: Bloomberg)
The speed of AI-enabled cyber attacks will be too fast for humans alone to counter, says Armadin CEO Kevin Mandia. He joins Tim Stenovec on “Bloomberg Tech.” (Source: Bloomberg)