Powerful 7.5-Magnitude Quake Hits Northern Japan, Triggers Tsunami Warnings

Panama Canal Fees Hit Record As El Nino, Hormuz Crisis Choke Global Shipping Panama Canal transit auction prices have surged to record highs this summer as an intensifying El Niño and disruptions in the Strait of Hormuz upend global shipping routes.  A Bloomberg report Friday morning said a supertanker paid a record $4.6 million at auction to bypass the growing queue and secure an earlier transit slot next week. The spike in canal fees and vessel wait times threatens to further raise freight costs, reinforcing growing concerns about inflationary pressures across...

Anthropic Confidentially Files For IPO As Frontier AI Labs Race To Go Public Four days after releasing its latest Claude Opus 4.8 model and raising $65 billion at a $900 billion valuation, Anthropic confidentially filed a draft Form S-1 with the SEC late Monday morning for a proposed IPO of its common stock. "This gives us the option to go public after the SEC completes its review. The proposed initial public offering will depend on market conditions and other factors," the maker of the Claude chatbot wrote in a press...

'President Boasberg' Protects Powell, Quashes DOJ 'Pressure Campaign' Subpoena Over Fed Renovation Another day, another activist judge deciding they're the president...  On Friday, chief Judge James Boasberg of the U.S. District Court for the District of Columbia has blocked subpoenas issued by the Trump Justice Department to Federal Reserve Chair Jerome Powell and the Fed Board of Governor Boasberg claims that the subpoenas were served for an improper, pretextual purpose, and that "a mountain of evidence suggests that the Government served these subpoenas on the Board to pressure its Chair into voting...