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Futures Hit Record High As Oil Tumbles After Bessent Says Hormuz May "Reopen Tomorrow"
Futures Hit Record High As Oil Tumbles After Bessent Says Hormuz May "Reopen Tomorrow"
S&P futures are trading at all time high with the latest push higher triggered by comments from Scott Bessent on CNBC who echoed Trump in saying that "we may have Iran deal tomorrow to open Hormuz" (or we may not). The Nasdaq also looks set to extend Monday’s gains: As of 8:00am ET, S&P futures are up 0.4% to an all time high of 7655 and Nasdaq futures rise 1.1%, as Palantir soared 16% pre-market after upping...
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May 16, 2026 / Tyler Durden
Solar Power Generation To Exceed Coal For First Time In Texas Grids
Solar Power Generation To Exceed Coal For First Time In Texas Grids
Authored by Naveen Athrappully via The Epoch Times (emphasis ours),
Annual electricity power generation from utility-scale solar projects is predicted to exceed output from coal for the first time ever in 2026 on grids run by the Electric Reliability Council of Texas (ERCOT).
An aerial view of the Amazon Fort Powhatan Solar Farm in Disputanta, Va., on Aug. 19, 2022. Photo by Drew Angerer/Getty Images
This year, solar power generation within the ERCOT-run grids, which cover most of the state, is...
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Apr 6, 2026 / Tyler Durden
US Tests Mach-5 Hypersonic Missile In Joint Army-Navy Launch
US Tests Mach-5 Hypersonic Missile In Joint Army-Navy Launch
Authored by Georgina Jedikovska via Interesting Engineering,
The U.S. has carried out a successful launch of a hypersonic missile made to travel at speeds exceeding Mach 5, meaning over five times the speed of sound, which allows it to cover vas distances in a matter of minutes.
A common hypersonic missile launches from Cape Canaveral Space Force Station, Florida, on March 26, 2026. via DoW
The launch of the common hypersonic missile, which is capable of covering more than 3,836 miles per hour (mph),...
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Apr 29, 2026 / Tyler Durden
JetBlue Plans 30-40% "Fuel Recapture" Fare Hikes, Capacity Cuts To Cover Rising Costs
JetBlue Plans 30-40% "Fuel Recapture" Fare Hikes, Capacity Cuts To Cover Rising Costs
Thanks to the war in Iran, JetBlue Airlines is passing the cost along to us - announcing during Q1 earnings on Tuesday that while the airline had strong revenue performance, prices are going up due to rising fuel costs.
A JetBlue Embraer 190 taxis on the tarmac at Ronald Reagan Washington National Airport in Arlington, Va., on June 29, 2021. Daniel Slim/AFP via Getty Images
"While the macro environment, particularly fuel, has become more volatile, we are taking decisive actions to manage...
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