Chinese Oil Demand Unexpectedly Soars, Sending Shanghai Crude Above $100, With Brent Prices Set To Follow

"But A Whimper": Retail Euphoria In SpaceX Fizzles After Stock Loses $600 Billion In One Day It started off with a bang: SpaceX IPOed on June 12 with an opening price of $150 on their first day of trade, well above the offering price of $135, and within two days, enterprising traders were ravenously bidding up 380 calls (expiring in just days) in hopes of sending the stock soaring in hopes of orchestrating a gamma squeeze.  They are going for it https://t.co/tT4cJns9nv pic.twitter.com/P6NTzq4tx2 — zerohedge (@zerohedge) June 16, 2026 ... then it will...

UBS Finds Global Trade Structure "Surprisingly Stable" As AI Emerges As Growth Engine Despite ongoing Gulf-related energy shocks, mounting concerns over a potential energy cliff (read here), and UBS last month reactivating its supply chain stress-watch coverage, another UBS analyst noted Wednesday that the overall structure of global trade remains "surprisingly stable." Analyst Arend Kapteyn pointed out that the structure of global trade remains far more structurally stable than recent growth trends suggest, even as technology and AI-related categories have driven nearly 80% of recent trade growth while accounting for only...

1 In 5 Jobs Faces High Risk Of AI Automation As concerns about AI-driven job losses grow, new research sheds light on how artificial intelligence could impact the U.S. labor market in the short term. According to an OpenAI framework analyzing how AI affects different occupations, published last April, nearly half of all jobs (46 percent) are expected to see little immediate change, while around 24 percent are likely to be reorganized as tasks shift rather than disappear. As Statista's Tristan Gaudiaut shows in the chart below, a smaller but still significant share of roles face...