Futures Slide, Oil Jumps After US Attacks Kharg Island Ahead Of Trump's 8pm Iran Deadline

Iran Blasts US 'Fabricated Pretext' To Hit Pickaxe Mountain, Launches More Attacks On Bahrain, Saudi Arabia, Jordan Amid continued fighting which has included explosions heard in Tehran overnight and in the south, Iran's leadership has condemned the Trump administration's "obsessive focus on Kolang Kouh where no nuclear activity is taking place is nothing more than a fabricated pretext for aggression, destruction, and sabotage," according to Foreign Minister spokesman Esmail Baghaei in a post on X, referring to Pickaxe Mountain. He pointed out that all of Iran's nuclear activity has long been fully...

After "Tectonic" Serra Verde Acquisition, Canaccord Reiterates Buy, Raises Price Target To $32 On USA Rare Earth In a new note out by Canaccord, the firm reiterates its BUY rating on USA Rare Earth and raises its price target to $32 from $29, arguing that the company is rapidly emerging as a cornerstone of a Western rare earth supply chain at a time when geopolitical urgency around reducing dependence on China is intensifying. Shares are already up about 50% over the past week and currently sit around $25: The analysts frame...

Amazon In Talks To Sell Its Trainium AI Chips To Other Firms, In Challenge To Nvidia Dominance Amazon is in talks to sell its custom-made Trainium AI chips for use in other companies’ data centers, Bloomberg reports, noting this "represents a key expansion of its efforts to cut into Nvidia's dominance", although a less optimistic read is that the company does not have enough demand or capacity to use the chips for its own uses. Peter DeSantis, Amazon’s AI chief, said the world’s largest cloud computing company has begun discussions but...