Microsoft Plans Thousands Of Job Cuts As Stock Suffers Worst Start In Years

Lianys Torres Rivera, Cuba’s top diplomat in the US, has told Bloomberg that the Trump administration is unwilling to continue talks with the island nation and described the ramped-up US oil embargo, which has caused a devastating humanitarian crisis in the country, as a “war without bombs.” “The channel for dialogue is at a complete […]

WTI Tops $101 As Strategic Petroleum Reserve Nears Record Low Following Brent's lead (which is following Shanghai's demand push), WTI topped $100 this morning for the first time since May, fueled by festering Middle East hostilities (with Saudi-Houthi attacks stealing the headlines) and the Saudis latest statement showing crude output at a 36-year low. That suggests the market is transitioning to a regime where $100 Brent is the new floor. "The economic dimension is crucial," said Andreas Krieg, a Gulf expert from King's College London. "Saudi Arabia is already contending with disruptions near...

President Donald Trump blasted the UK and Spain for not assisting the US and Israel’s war against Iran. Trump said he ordered the Treasury to cut all dealings with Madrid.  “Some of the European nations have been helpful, and some haven’t, and I’m very surprised,” Trump said during a press conference with German Chancellor Friedrich […]