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Business

Musk Found Liable for Twitter Shareholder Fraud — Now Comes the Bill

A California jury found Elon Musk liable for misleading Twitter investors with two tweets that tanked the stock nearly 18%. Damages could hit $2.6 billion — pocket change for a man worth $650 billion, but a landmark verdict nonetheless.

Maynard Keys March 22, 2026

Business

OpenAI's 8,000-Employee Target Is a $730 Billion Company Trying to Earn Its Valuation

OpenAI wants to nearly double its headcount to 8,000 — but with businesses 70 percent more likely to pick Anthropic for new AI contracts, the hiring spree looks less like growth and more like defense.

Maynard Keys March 22, 2026

Business

Powell Takes the Volcker Award and Plants His Flag

Jay Powell accepted an award named after the Fed chair who broke inflation by ignoring a president — then used the speech to signal he isn't going anywhere. His term ends May 15. The DOJ probe keeping him in place was launched by the administration that wants him out.

Maynard Keys March 21, 2026

Business

China's 10 Million-Tonne Rare Earth Haul Lands Right on Schedule

Beijing just announced the largest rare earth discovery in over 50 years — plus massive fluorite and baryte deposits — weeks after Washington pitched 54 countries on a minerals trading bloc to counter Chinese dominance.

Maynard Keys March 21, 2026

Business

The IEA Wants You to Work From Home, Drive Slower, and Ditch Your Gas Stove

The world's energy watchdog just published a 10-point plan telling you how to commute, cook, and fly. It estimates the measures could cut oil demand by 2.7 million barrels a day — if billions of people cooperate.

Maynard Keys March 21, 2026

Business

Iraq Declares Force Majeure on Foreign Oil Contracts as Hormuz Closure Rewrites the Rules

Iraq just told BP, ExxonMobil, and every other foreign operator that their contracts are suspended — not because of politics, but because the Strait of Hormuz is closed and the oil has nowhere to go. The legal infrastructure of global oil trade is cracking.

Maynard Keys March 21, 2026

Business

Washington Builds a $40 Billion Reactor While Bombing One

The same week U.S.-Israeli strikes hit Natanz, Washington and Tokyo signed a $40 billion deal to build small modular reactors in Tennessee and Alabama. For Japan, it's not about irony — it's about 90% of its oil supply sitting behind an Iranian chokepoint.

Maynard Keys March 21, 2026

Business

Spain Writes a €5 Billion Check the Treasury Can't Keep Writing

Madrid is cutting fuel VAT, freezing butane prices, and subsidising petrol at €0.30 a litre — all to absorb an oil shock it didn't start. The question isn't whether €5 billion is enough. It's whether Europe's treasuries can survive the next round.

Maynard Keys March 21, 2026

Business

Oil Blows Past $119 — and Saudi Arabia Sees $180 If This Keeps Up

Brent crude touched $119 this week after trading at $111 just days ago. Saudi officials say $180 is next if the Strait of Hormuz stays closed past April.

Maynard Keys March 21, 2026

Business

Washington Sells Tehran's Oil to Cover Tehran's War Tab

The US is bombing Iran and selling its oil in the same week. Treasury says 140 million barrels will hit global markets — enough to cover about a day and a half of world demand. The 30-day window expires April 19, and nobody's saying what comes next.

Maynard Keys March 21, 2026

Business

Musk Found Liable to Twitter Shareholders — and $2.6 Billion Is Just the Start

A San Francisco jury says Musk's tweets defrauded Twitter shareholders to the tune of $2.6 billion. His lawyers call it a 'bump in the road.' His balance sheet suggests otherwise.

Maynard Keys March 21, 2026

Business

Dow and Nasdaq Flirt With Correction as Selloff Accelerates

Both the Dow and Nasdaq traded in correction territory intraday before closing just shy of the 10% threshold. The Russell 2000 wasn't so lucky.

Maynard Keys March 20, 2026

Business

Musk Misled Twitter Investors, Jury Finds — but Stopped Short of Fraud

A San Francisco jury found Elon Musk liable for depressing Twitter's stock price with misleading tweets before his $44 billion acquisition. Plaintiffs' attorneys say damages could reach $2.6 billion — but the jury cleared him of scheming to defraud.

Maynard Keys March 20, 2026

Business

Stocks, Bonds, and Gold Are All Falling at Once. That's Not Supposed to Happen.

Every traditional hedge is failing simultaneously. Stocks are sliding toward correction, bonds are selling off, and gold just posted its worst week in 43 years — all because an oil shock is rewriting the Fed's playbook in real time.

Maynard Keys March 20, 2026

Business

While the Gulf Burns, China's Green Energy Bet Pays Off

Sri Lanka is rationing fuel. South Korea just imposed its first price cap in decades. And China's energy stocks are rising. Three weeks into the Hormuz crisis, Beijing's $500 billion bet on renewables looks like the strategic coup of the decade.

Maynard Keys March 20, 2026

Business

Rate Hike Odds Just Passed Rate Cut Odds — and the Fed Isn't Blinking

For the first time, traders see a Fed rate hike as more likely than a cut. Meanwhile, Jerome Powell told the DOJ he's not going anywhere.

Maynard Keys March 20, 2026

Business

Iran's Missiles Just Took 17% of Qatar's Gas Offline — for Five Years

Iranian strikes destroyed two LNG trains at Ras Laffan that will take up to five years to rebuild — erasing $20 billion in annual revenue and blowing a hole in Europe's post-Russia energy security plan.

Maynard Keys March 20, 2026

Business

America Wants Stablecoins. China Wants State Control. Neither Is Blinking.

The world's two largest economies aren't competing in digital money — they're building incompatible financial systems. And US crypto lobbyists are using China's playbook as a sales pitch.

Maynard Keys March 19, 2026

Business

Uber Writes Rivian a $1.25 Billion Check Rather Than Build Its Own Robotaxi

Uber is paying Rivian up to $1.25 billion to put 50,000 autonomous R2s on its platform — while Tesla's FSD faces its third federal investigation and Waymo's backers just wrote a $16 billion check. The ride-hail giant would rather buy optionality than build.

Maynard Keys March 19, 2026

Business

HSBC Said AI Would Cut Costs. Now 20,000 Jobs Are on the Block.

One day HSBC's CFO touts AI cost savings at an investor conference. The next, the bank floats cutting 10% of its workforce. The euphemism of choice: 'creating a simpler, more agile organization.'

Maynard Keys March 19, 2026