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Greenland Energy (NASDAQ:GLND) and joint venture partner 80 Mile have delayed plans to drill for oil in Greenland's Jameson Land Basin to winter 2027, after Greenland's government issued a formal warning over an unauthorized equipment landing. The delay follows a rebuke from Greenlandic authorities …
Gulf oil-producing nations are investing billions of dollars in pipelines and storage infrastructure to reduce their reliance on the Strait of Hormuz, long the region's most efficient export route, as the ongoing war in Iran continues to disrupt shipping through the waterway. Crude exports …
Iran is set to join the BRICS New Development Bank, the country's central bank governor said, as Tehran works to strengthen its economic alliances nearly six months into its war with the US and Israel. Iran would need to complete the bank's formal accession …
US initial jobless claims rose by 9,000 to a seasonally adjusted 209,000 in the week ending August 8, above market expectations of 202,000, according to Labor Department data released Thursday. The reading marks one of the higher weekly totals of the past several months, …
Oil prices fell as the International Energy Agency lowered its demand forecast, even as the ongoing disruption in the Strait of Hormuz continues to push fuel prices higher. WTI crude futures were down 1.5% to $82.04 per barrel, while Brent crude, the international benchmark, …
OpenAI Chief Revenue Officer Denise Dresser is leaving the company less than a year after joining, the company said, marking the second senior executive departure in a matter of days. OpenAI has hired Dali Rajic, previously president and chief operating officer of cybersecurity company …
The S&P 500 climbed to a fresh record, trading up 0.64% at 7,797.75 as of the latest session pricing. The Nasdaq 100 gained 1.23% to 30,107.7, while theDow Jones Industrial Averagerose 0.10% to 53,828.3. The advance was driven in part by strength in heavyweight …
SpaceX has disclosed plans to build a natural gas power plant in Grimes County, Texas, where the company is developing a $16.8 billion, 100 million square foot chip manufacturing facility known as Terafab. The company said it will pair the gas plant with a …
The White House has accused more than 40 countries, including Canada, Mexico, and Japan, of helping China illegally avoid US tariffs by rerouting trade through nations facing lower AmericanImportduties. A White House report titled "The Great Transshipment Scam" estimated $60 billion in trade tied …
US stocks have climbed 13% this year, pushing through tariffs, war, elevated oil prices, and underwhelming growth, even as real GDP growth averaged just 2.1% over the past year and slowed to an annualized 1.5% in the second quarter. Stocks hit a record last …
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