Ft. Knox Full of Impure Gold Unfit for International Transactions

Oil Slides On Reports Of 'Breakthrough' Coming For Stuck Ships In Hormuz, As US Awaits Tehran's Response To Fresh Proposal Summary Sentiment in early morning trade was lifted after Al Arabiya reported that "the coming hours will witness a breakthrough for the situation of the ships stuck in the strait". Pakistani sources said Trump has demanded Iran's "immediate response" to Washington's peace proposal. White House on Wednesday had said it expects a response to the latest offer within 48 hours. French nuclear-powered carrier steams through Suez Canal in support mission as Europe seeks diplomatic influence...

SAP Slows Hiring, Freezes Travel As AI Push Accelerates Not even a day after reports swirled that Microsoft was preparing to cut thousands of employees, and as the broader tech sector continues to hemorrhage white-collar workers replaced by chatbots, the latest AI-related job-displacement news is coming from Europe's largest software company. Bloomberg reports that German enterprise software giant SAP, best known for software that supports large corporations running core business operations, is preparing to slow hiring and cut travel costs as it diverts more capital toward developing AI tools. More color...