SlavkoSereda/iStock via Getty Images Brent c rude bounced Tuesday from the previous session's selloff, as military exchanges between the U.S. and Iran posed a potential setback to hopes for an agreement to end the Middle East war that would also reopen shipping through the Strait of Hormuz. Iran's Islamic Revolutionary Guard Corps said it will retaliate against U.S. strikes of missile launchers i...
SlavkoSereda/iStock via Getty Images Brent c rude bounced Tuesday from the previous session's selloff, as military exchanges between the U.S. and Iran posed a potential setback to hopes for an agreement to end the Middle East war that would also reopen shipping through the Strait of Hormuz. Iran's Islamic Revolutionary Guard Corps said it will retaliate against U.S. strikes of missile launchers in southern Iran after the U.S. sank two IRG ships it said were attempting to lay mines in the strait; Iran responded by launching surface-to-air missiles at U.S. planes, prompting the American attacks on missile launchers. The U.S. strikes happened as Iran's top negotiator and its foreign minister were in Doha for talks with Qatar's prime minister aimed at reaching an agreement. Brent crude sank Monday after the U.S. and Iran reportedly had agreed on a memorandum of understanding that could stop the war and restart shipping through the blockaded Strait of Hormuz while giving negotiators 60 days to negotiate more complex issues, including Iran's nuclear program. "We are still waiting for more details on a potential deal," UBS commodity analyst Giovanni Staunovo said in a note. "Meanwhile, we see renewed tensions in the Middle East, while flows through the Strait remain restricted." "It looks like the impasse is not going to change any time soon," and even if an agreement were reached tomorrow, "that doesn't mean flows automatically return tomorrow," NinjaTrader Group senior economist Tracy Shuchart said in a note. The continued closure of the Strait of Hormuz implies an even tighter supply situation ahead as drawdowns in reserves and commercial stocks erode the supply cushion that has helped so far, Shuchart said. "My concern is once we start getting into June, this is going to hit Europe really hard. July will start hitting the U.S., particularly as we see a drain on commercial crude stocks for another, say month-and-a-half to two months." Front-month Nymex crude ( CL1:C...
A website called UK Visa Portal is publicly exposing the passports and selfie photos of applicants who signed up and paid the site to obtain a U.K immigration visa, TechCrunch has learned. An anonymous person notified TechCrunch about the security lapse, saying that the website is exposing at least 100,000 documents from people who uploaded their passports and selfies to the website as part of the...
A website called UK Visa Portal is publicly exposing the passports and selfie photos of applicants who signed up and paid the site to obtain a U.K immigration visa, TechCrunch has learned. An anonymous person notified TechCrunch about the security lapse, saying that the website is exposing at least 100,000 documents from people who uploaded their passports and selfies to the website as part of the application process. The website is not affiliated with the U.K. government, and some have complained that they mistakenly paid a fee to this company instead of using the official GOV.UK website. TechCrunch confirmed that UK Visa Portal is the source of the data leak and verified the authenticity of the exposed data by contacting affected individuals to ask if their information was accurate. UK Visa Portal does not have a way to report security issues through its website, nor does its website provide names or contact information for the company’s management. TechCrunch sent an email to the address listed on UK Visa Portal’s website to alert the company that it has an ongoing security lapse and to ask who in management can accept specific details to resolve the issue. Given the sensitivity of the exposed data, TechCrunch explained that it could not share specifics with the company’s general customer support inbox because it could not guarantee that the exposed data would not be misused. Instead, TechCrunch heard back from the company’s purported attorneys and public relations firm. TechCrunch explained again that given the nature of the exposed files, it could only share details directly with the company’s management, and asked that they put TechCrunch in touch with them. TechCrunch has not heard back from UK Visa Portal’s management. The security lapse has still not been fixed. While the security issue is ongoing, TechCrunch believes it’s in the public interest that people who use the company’s services are aware of the issue. TechCrunch is not publishing precise details i...
In this article .HSI .N225 .AXJO .SPX .IXIC .DJI Follow your favorite stocks CREATE FREE ACCOUNT Hong Kong's Victoria Harbour. Yaorusheng | Moment | Getty Images Asia-Pacific markets were set to open mixed Wednesday as investors assessed recent U.S. military action in Iran, the fragile state of the Washington-Tehran ceasefire and optimism that a deal could still be reached. U.S. forces carried out...
In this article .HSI .N225 .AXJO .SPX .IXIC .DJI Follow your favorite stocks CREATE FREE ACCOUNT Hong Kong's Victoria Harbour. Yaorusheng | Moment | Getty Images Asia-Pacific markets were set to open mixed Wednesday as investors assessed recent U.S. military action in Iran, the fragile state of the Washington-Tehran ceasefire and optimism that a deal could still be reached. U.S. forces carried out what the Pentagon described as "self-defense" strikes in southern Iran early Tuesday, targeting missile launch sites and Iranian vessels allegedly attempting to deploy mines, even as Washington insisted it was still observing restraint under the ongoing ceasefire framework. The military action highlighted the fragile truce between Washington and Tehran, with both sides continuing to test limits despite negotiations that the White House has described as nearing completion. President Donald Trump said Monday that talks with Iran to end the war were "proceeding nicely." That said, he did warn the U.S. could go on the offensive if negotiations break down. Japan's Nikkei 225 was poised to rise, with the Chicago futures contract at 65,620 and the Osaka counterpart last trading at 65,510 compared with the index's previous close of 64,996.09. In Australia, futures last traded at 8,677, higher than the S&P/ASX 200 's last close of 8,657.8. However, Hong Kong's Hang Seng index futures were last at 25,508, lower than the index's last close of 25,599.45. Overnight on Wall Street, the S&P 500 and Nasdaq Composite rose to fresh intraday all-time highs on Tuesday, led by technology, as traders weighed the developments in the Middle East. The broad market S&P 500 gained 0.61% and ended at 7,519.12, while the tech-heavy Nasdaq gained 1.19% to 26,656.18. Both indexes also closed at records. The Dow Jones Industrial Average lost 118.02 points, or 0.23%, ending at 50,461.68. U.S. stock markets were closed Monday due to the Memorial Day holiday. — CNBC's Sean Conlon and Fred Imbert contributed...
Nasa is already ordering landers, rovers and drones for a sprawling moon base, less than two months after the Artemis II’s record-breaking lunar fly-around. The space agency outlined the first phase of its moon base plans on Tuesday, awarding hundreds of millions of dollars in contracts to four US companies. Jeff Bezos’ Blue Origin will provide a pair of landers to deliver moon buggies to the luna...
Nasa is already ordering landers, rovers and drones for a sprawling moon base, less than two months after the Artemis II’s record-breaking lunar fly-around. The space agency outlined the first phase of its moon base plans on Tuesday, awarding hundreds of millions of dollars in contracts to four US companies. Jeff Bezos’ Blue Origin will provide a pair of landers to deliver moon buggies to the lunar surface, at a spot near the moon’s south pole. Advertisement These so-called lunar terrain vehicles will be built by Astrolab and Lunar Outpost. Firefly Aerospace, which landed successfully on the moon last year, will deliver the first drones to the moon. All this hardware is ideally supposed to arrive before the first Artemis astronauts land on the moon, planned for as early as 2028. Advertisement During April’s Artemis II mission, four astronauts flew around the moon, travelling deeper into space than the Apollo moon crews did during the late 1960s and early 1970s. For next year’s Artemis III, another team of astronauts will practice docking Nasa’s Orion capsule in orbit around Earth with the lunar landers being developed for crews by Blue Origin and Elon Musk’s SpaceX.
ismagilov/iStock via Getty Images Dear Baron First Principles ETF ® Shareholder, Performance Baron First Principles ETF ® ((the Fund)) had a disappointing start to 2026, with a decline of 8.51% (NAV) compared with a 9.54% loss for the Russell 3000 Growth Index ((the Benchmark)). The declines were due to continued concerns about the effects of AI on many businesses throughout the portfolio as well ...
ismagilov/iStock via Getty Images Dear Baron First Principles ETF ® Shareholder, Performance Baron First Principles ETF ® ((the Fund)) had a disappointing start to 2026, with a decline of 8.51% (NAV) compared with a 9.54% loss for the Russell 3000 Growth Index ((the Benchmark)). The declines were due to continued concerns about the effects of AI on many businesses throughout the portfolio as well as worries about the impact of the Iran war on inflation, interest rates, and consumer spending. These declines were partially offset by Space Exploration Technologies Corp. (SPACE) (SpaceX) and its deal to acquire X. AI Holdings Corp. ( X.AI ) (xAI), which resulted in the revaluation of the combined business at a significantly higher enterprise value. While we are disappointed with the start of the year, we continue to see opportunities throughout the portfolio. Our portfolio companies continue to do quite well and are generating strong growth and cash flow for additional investments in their businesses to accelerate growth further with excess cash being returned to shareholders through share buybacks and dividends. Our companies all have strong balance sheets with many operating with financial leverage below their targeted levels, giving them additional liquidity to lever up and buy back more stock should they desire. Many stocks in the portfolio are now trading at historically low valuations, and we believe there is a disconnect between where these businesses trade today and what they can become over time. As a result, this past quarter we saw an accelerated rate of insider purchases from executives and directors at Verisk Analytics, Inc. ( VRSK ) , Birkenstock Holdings plc, Vail Resorts, Inc. ( MTN ) , FactSet Research Systems Inc. ( FDS ) , and MSCI Inc. ( MSCI ) When we see these insider purchases, it gives us further confidence in our investment theses for these growth businesses and reinforces our belief that valuations are attractive. As a result, during the quarte...
On Tuesday, TeraWulf (WULF +10.34%) announced a major development in its corporate transformation. The company, once a pure-play Bitcoin miner now tilting in favor of its data center operations, has bolstered that end of its business. Disseminating that news, investors plunged into the company's stock, sending it to an over 10% gain that trading session. A very suitable acquisition Shortly before ...
On Tuesday, TeraWulf (WULF +10.34%) announced a major development in its corporate transformation. The company, once a pure-play Bitcoin miner now tilting in favor of its data center operations, has bolstered that end of its business. Disseminating that news, investors plunged into the company's stock, sending it to an over 10% gain that trading session. A very suitable acquisition Shortly before market open, TeraWulf disclosed that it has acquired the Muskie Data Campus, a hyperscale high-performance computing (HPC) development site located in Kentucky. The property is located within the 1,000-acre EastPark Industrial Park and comprises roughly 285 acres of land. The company said this space is capable of supporting infrastructure suitable for hyperscale artificial intelligence (AI) and HPC. It added that there is optional additional acreage that could support expansion of such facilities in the future. TeraWulf bought the site from real estate and infrastructure development company Industrial Equity Partners. The price was not divulged. The company wrote that the site is expected to support over 1 gigawatt of data center capacity over time. It expects the start of delivery of an initial 500 megawatts in the second half of 2028, with the remainder coming in the same period of 2030. Expand NASDAQ : WULF TeraWulf Today's Change ( 10.34 %) $ 2.36 Current Price $ 25.18 Key Data Points Market Cap $11B Day's Range $ 24.19 - $ 25.93 52wk Range $ 3.40 - $ 25.93 Volume 46.1M Avg Vol 30.7M Gross Margin 3.62 % Electric announcement In its press release on the Muskie acquisition, TeraWulf quoted CEO Paul Prager as saying that it is fully in line with the company's strategy. He said the site will aid its efforts in "securing and developing large-scale, power-advantaged sites capable of supporting the next generation of HPC workloads." Although the purchase price wasn't disclosed, investors clearly didn't mind. One major reason for this is that the acquisition was bundled with pr...
When it comes to global advances in AI and technology, she says, there is a narrowing window for the UK and its allies to stay ahead. She characterises it as "the ground beneath our feet" shifting.
When it comes to global advances in AI and technology, she says, there is a narrowing window for the UK and its allies to stay ahead. She characterises it as "the ground beneath our feet" shifting.