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Sam Altman's OpenAI Discusses Handing Trump Admin A 5% Stake
Sam Altman's OpenAI Discusses Handing Trump Admin A 5% Stake
The U.S. government's equity portfolio could be expanding again, this time with a potential 5% stake in Sam Altman's OpenAI at an $852 billion valuation, according to a new report. The proposed stake would mark another step toward taking direct financial positions in tech giants. For OpenAI, buy-in from the Trump administration could ease mounting political pressure ahead of an IPO.
The Financial Times reports that Altman has floated giving the U.S. government a 5% stake in OpenAI, modeled after...
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Aug 18, 2026 / Tyler Durden
China Added 200,000 Bpd To Crude Reserves In July Despite Hormuz Crisis
China Added 200,000 Bpd To Crude Reserves In July Despite Hormuz Crisis
By Tsvetana Paraskova of OilPrice.com
China is estimated to have added about 200,000 barrels per day (bpd) of crude oil to its huge inventories in July as imports rebounded from a decade-low in June and refinery runs remained depressed.
The world’s top crude oil importer, unlike other major oil consumers, started drawing down on stockpiles only in May, the third month of the Middle East crisis, as it had amassed an estimated 1.4 billion barrels of crude oil in commercial...
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Aug 19, 2026 / Kyle Anzalone
Report: US Conducting Covert Operations to Get Tankers Through Strait of Hormuz
The US military is conducting stealth operations to help commercial ships transit the Strait of Hormuz. Two US officials speaking with Axios said that over the past several weeks, the military has helped 15 to 20 vessels per day enter or exit the Persian Gulf by transiting the Strait of Hormuz near the Omani coast. […]
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Feb 16, 2026 / Tyler Durden
US NatGas Futs Sink To Four-Month Low As Mid-Atlantic Exits Brutal Winter
US NatGas Futs Sink To Four-Month Low As Mid-Atlantic Exits Brutal Winter
US natural gas futures tumbled to a four-month low early Monday as weather models indicate the Lower 48 is exiting the peak of the Northern Hemisphere winter and entering a much-needed warmup. For the Mid-Atlantic and Northeast, which experienced some of the coldest weather in decades, the next few weeks are expected to feel more like spring.
March contracts fell 7.5% to about $3 per mmBtu, the lowest level since October 17 and a roughly four-month low.
Weather forecasts...
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