Nasdaq Tumbles After FT Reports OpenAI Revenues Disappointing

Container Ship Sinks In Hormuz After Iranian Strike Last Month; UBS Gives Latest Strait Update The Egyptian-owned, Maltese-flagged container ship Safeen Prestige (IMO: 9593517), which was damaged in the first week of the U.S.-Iran conflict following an Iranian strike, has reportedly sunk in the Strait of Hormuz. According to Bloomberg, Pakistan's hydrographic service said the container ship sank last week, leaving only an oil slick on the surface of the water in the Hormuz chokepoint. The IRGC torched the SAFEEN PRESTIGE in the Strait of Hormuz and continues to reignite the fire. Now...

Looking Back At The Uranium One Scandal Authored by Stu Cvrk via American Greatness, The Uranium One scandal was a 2010 controversy in which the Obama administration approved the takeover of Uranium One - a Canadian company with significant uranium mining assets in the United States - by Russia's state-owned Rosatom corporation. Critics alleged a pay-to-play scheme, pointing to large donations (roughly $145 million) to the Clinton Foundation from individuals connected to Uranium One and its investors, as well as a $500,000 speaking fee paid to Bill Clinton by a Russian...

Amazon Jumps On Solid AWS Growth And Profit, Even As Outlook Disappoints And Free Cash Flow Turns Negative As Bloomberg notes, "Microsoft’s solid earnings breathed new life into the tech sector Thursday, but Amazon’s report after the bell this evening could deflate the optimism again." To be sure, there’s a lot riding on Amazon results. The longevity of the AI spending boom is in doubt as shareholders punish ambitious capex plans, which has taken away some of the support away from the chipmaker stocks.  Before Microsoft’s earnings, the Philadelphia Semiconductor Index...