Brent Bounces As Houthis Attack, Sink Vessel Off Yemen With Sea Drone

Trump Admin Sues California To Block Electric Vehicle Mandate Authored by Kimberley Hayek via The Epoch Times, The Justice and Transportation Departments filed a lawsuit against California on Thursday to stop what they say is an illegal electric vehicle (EV) requirement, alleging that the state is mandating fuel economy standards that federal law places in the exclusive domain of the federal government. Attorney General Pamela Bondi and Transportation Secretary Sean P. Duffy announced the lawsuit, which was filed for the National Highway Traffic Safety Administration (NHTSA). The suit takes aim at regulations...

Trump Says US Weighing Taking Stakes In AI Companies Authored by Jacob Burg via The Epoch Times, President Donald Trump told reporters on June 5 that his administration is exploring the possibility of the United States acquiring a public stake in artificial intelligence (AI) companies. Trump made the comment in response to a question about a recent News of the United States report, which suggested that unnamed senior U.S. officials had discussed with major AI firms the possibility of the federal government holding some shares in their companies. “There’s so much money that...

Hungary Backs Away From Crypto Criminalization In Regulatory U-Turn Authored by Micah Zimmerman via BitcoinMagazine.com, Hungary is dismantling the restrictive digital asset framework introduced under former Prime Minister Viktor Orbán, a policy overhaul that will decriminalize crypto trading and eliminate the prison sentences that had driven major platforms from the country, government spokesperson Anita Kobol said Thursday, according to Bloomberg.  The rollback marks a full reversal of legislation that took effect July 1, 2025, after parliament passed rules criminalizing the use of unlicensed exchanges and certain unauthorized high-value crypto transactions.  Those transactions — ranging between 50 million...