Trump Claims ‘Total Control’ Over Strait of Hormuz

OpenAI Pauses U.K. Stargate Over "Regulation And Power Costs" OpenAI's broader Stargate push to build next-generation AI infrastructure in the UK has been put on hold, with the company citing regulatory conditions and high energy costs as major obstacles to long-term investment. That outcome is hardly surprising: Britain, like much of dying Europe, has layered on regulatory burdens, while years of backfiring 'green' energy policies have left power costs structurally elevated. It's a toxic mix for power-hungry AI data center buildouts. "We see huge potential for the UK's AI future,"...

Wall Street Reacts To Powell's Last FOMC Meeting The kneejerk reaction from Wall Street pundits is that the bar for the Federal Reserve to hike rates is still relatively high and there’s no need for the Fed to change its bias or react in a meaningful way: that's the view voiced by SocGen's US Research Head Subadra Rajappa, who said on BBG TV that the "US is in a very good position overall" Others, such as Deutsche Bank Chief US Economist Luzzetti, said that "the Fed could adopt a more balanced...

US Attack Renders Ceasefire 'Meaningless', Iran Says, As US Forces Disable Third Tanker This Week Overnight, there did not appear to be any new major exchanges of fire after Iran launched retaliatory strikes on US bases in Kuwait, Bahrain and Jordan - following the US bombing of some dozens of targets in Iran earlier, in the wake of the downing of a US Apache attack helicopter in the Hormuz area earlier this week. But since then, Iran has announced it is closing the Strait of Hormuz - or rather seeking to tighten...