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Semiconductor Stocks Tumble After Microsoft Balks At $3B Oracle Cloud Deal
Semiconductor Stocks Tumble After Microsoft Balks At $3B Oracle Cloud Deal
Chip stocks tumbled even further in late Tuesday trading following a report that Microsoft just walked away from talks with Oracle about leasing the company's cloud infrastructure because of concerns over security and compliance.
The deal, according to Business Insider, would have been worth over $3 billion - as large Silicon Valley tech companies are running short on computing power (more on that later).
The plan was to move some Microsoft workloads to Oracle Cloud Infrastructure, but Oracle's public cloud did not have the...
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Jul 29, 2026 / Tyler Durden
Red Sea Redux: Saudis Call For 'Coalition Of The Willing' To Protect Shipping From Houthis
Red Sea Redux: Saudis Call For 'Coalition Of The Willing' To Protect Shipping From Houthis
Here we go again... after months ago President Trump urgently pushed for an international naval alliance to 'open' the Strait of Hormuz amid the Iran war, which was met with at the time with a collective cold shoulder from European allies, the Saudis are newly pitching the same to open up the Bab al Mandab Strait.
"Saudi Arabia is seeking to build an international coalition to protect shipping in the Red Sea from Houthi attacks, say...
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Jun 13, 2026 / Tyler Durden
India Caps Fuel Sales To Avoid Shortages
India Caps Fuel Sales To Avoid Shortages
Submitted by Irina Slav of OilPrice.com
India has imposed limits on gasoline and diesel sales at retail fuel stations to avoid supply crunches, with commercial consumers banned from buying any fuel from retail stations, Bloomberg reported, noting there will be daily limits on diesel sales.
The diesel cap was set at 200 litres per vehicle or customer, with resale of the fuel forbidden, Reuters noted in a report on the news. Commercial users, meanwhile, will have to get their fuels from bulk sellers after their...
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Mar 26, 2026 / Tyler Durden
Fetterman Says Some Democrats Possibly Afraid To Reopen DHS Due To Party Activists
Fetterman Says Some Democrats Possibly Afraid To Reopen DHS Due To Party Activists
Authored by Chase Smith via The Epoch Times,
Sen. John Fetterman said Wednesday night that activist pressure within his own party is prolonging the partial Department of Homeland Security (DHS) shutdown, offering his observations from within the Democratic caucus for why the standoff has stretched into its sixth week.
Appearing on Fox News’ “Hannity” on March. 25, the Pennsylvania Democrat said ongoing protests against the Trump administration—such as the “No Kings” rallies nationwide—have left some senators unwilling to vote...
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