IMO Draws Up Hormuz Evacuation Plan For 800 Ships Trapped In Gulf

Broadcom Crashes After AI Chip Revenue Forecast Misses Broadcaom stock is plunging in after-hours trading, after the company reported Q2 results which delivered a disappointing forecast for AI chip revenue, signaling that the company is either progressing more slowly than anticipated in the burgeoning industry, or that unlike its peers, is actually truthful in predicting the potential of the AI bubble. The historicals were ok: in the fiscal second quarter, which ended May 3, sales rose 48% to $22.2 billion, just barely beating the $22.1 estimate. AI semiconductor revenue was $10.8 billion, also...

Oil Rises As Three More Warships, Thousands Of Marines Dispatched To Mideast; Trump Blasts 'Paper Tiger' NATO Summary Oil rises on news of a second massive Marine deployment toward Gulf in a week, as Trump calls NATO a 'paper tiger'. IRGC contradicts Bibi: says missile production is ongoing, is of "no concern" - even as IRGC spokesman Ali Mohammad Naeini is reported killed. Energy war ongoing: Major sites damaged across the region - Haifa refinery hit, Qatar LNG output cut 17%, Kuwait facilities ablaze. Kharg Island escalation looms: Trump admin weighing seizure of Kharg Island...

Supreme Court Rejects Challenge To Trump's First-Term Tariff On China Authored by Aldgra Fredly via The Epoch Times, The U.S. Supreme Court on June 15 declined to hear a legal challenge to tariffs imposed on Chinese imports by U.S. President Donald Trump during his first term in 2018. The decision follows an appeal by HMTX Industries and other businesses after the U.S. Court of Appeals for the Federal Circuit last year upheld the tariffs, which Trump previously imposed on Chinese goods under Section 301 of the Trade Act of 1974 in response...