Oracle Cuts 21,000 Jobs As AI Adoption Deepens And Credit Risk Flashes GFC-Era Highs

2028 Democrat Presidential Hopeful Exposes Party Civil War Against Its Socialist Wing Gov. Josh Shapiro sat down with Dana Bash on CNN's State of the Union this weekend and said the quiet part out loud: his party is being overrun by its socialist and far left flank. Bash pressed Shapiro on Darializa Avila Chevalier, who won the Democratic congressional primary in New York’s 13th congressional district last month while running as an open socialist. Chevalier's platform includes abolishing prisons, opening the borders, ending deportations, and granting mercy even to violent criminals.  Bash also...

OPEC+ Agrees To Boost Output By Another 206,000 Barrels A Day When Strait Of Hormuz Reopens With the world's attention glued to every headline out of Iran, it is understandable why today's OPEC+ meeting was largely ignored, although with roughly 12% of global oil output throttled at the Strait of Hormuz, it's not as if even OPEC+ could do much to offset the supply shock.  Earlier on Sunday, the oil-producing cartel (where Iran is a founding member yet was missing from the Joint Ministerial Monitoring Committee) warned that damage to Middle...

VP Vance Confirms Hormuz Strait To Reopen 'Toll Free', Says 'Israel Has Seat At Table' Summary: Vice President JD Vance Begins Optics Roadshow to Boost Investor Confidence On Deal  Iran Offers 60-Day Toll-Free Hormuz Transit As 100s Of Ships Await Reopening VP Vance Not even 24 hours after President Trump declared a peace deal with Iran to reopen the Strait of Hormuz, and just 30 minutes before New York futures opened Sunday evening, the administration already had Vice President JD Vance beginning a media roadshow to calm investor nerves and boost confidence. Vance began the...