Russia's main oil revenue hit $9 billion in April — roughly double pre-war levels, directly tied to the Iran conflict's disruption of crude markets. The unasked question of the war: who profits from sustained instability?
Hours before Trump announced a US-Iran ceasefire, brand-new Polymarket accounts were already betting on it. They walked away with roughly $500,000 — and a lot of uncomfortable questions.
Farmers will recover up to 53% of overcharge damages — triple the typical class-action rate — and Deere must open its diagnostic software for a decade. The largest right-to-repair settlement in history just changed the calculus for every manufacturer that locks down its products.
The same Fed minutes that describe officials expecting rate cuts this year also reveal several making a 'strong case' for hikes. The ceasefire bought the economy time. It didn't buy the Fed any clarity.
Workers displaced by technology earn 10 percentage points less over a decade than peers who kept their jobs, Goldman Sachs found. The people most at risk aren't who you'd expect.
Brazil has frozen BYD's access to state financing after adding the automaker to its registry of employers who subjected workers to slavery-like conditions. The company's Camaçari plant — its most important outside China — has already produced 25,000 vehicles.
The IEA's Fatih Birol says the Strait of Hormuz blockade is worse than the oil shocks of 1973, 1979, and 2022 combined. Diesel in the Philippines just jumped 60 per cent. Bangladeshis are robbing petrol stations at gunpoint.
The #3 and #5 best-selling products on Steam have 40% and 33% positive reviews. Neither is a game — they're monthly subscriptions players keep paying for while calling them scams.
SpaceX will earmark up to 30% of its $75 billion IPO for retail investors — roughly six times the industry norm. At a $1.75 trillion valuation on $16 billion in revenue, the skeptics are already lining up too.
A deal running through 2031 makes Broadcom the architect of Google's custom AI silicon — and gives Anthropic 3.5 gigawatts of compute that doesn't run on Nvidia hardware.
Jet fuel prices have doubled in five weeks. Airlines on three continents are already grounding flights and cutting routes. Ryanair's CEO has one piece of advice: book now, before fares soar.
Polymarket pulled the market after a congressman called it a "dystopian death market." Two hundred and twenty-three war bets remain active on the platform.
The five biggest banks on Wall Street are competing for $500 million in SpaceX IPO fees. Elon Musk's condition: buy subscriptions to his AI chatbot, Grok. Some have already agreed to spend tens of millions.
A New York Fed study finds credit delinquencies among bettors jumped 10% after legalization — and the damage is leaking into states where sports betting is still illegal.
Five EU finance ministers want to tax energy companies' war-driven windfall profits. Gas prices have surged more than 70% since February. The last time Brussels tried this, it took months of negotiation across 27 member states.
Foreign central banks now hold roughly $4 trillion in gold, edging out $3.9 trillion in US sovereign debt. Zero percent of reserve managers surveyed say they plan to sell.
The US added 178,000 jobs in March — nearly triple what forecasters expected. The unemployment rate fell because 396,000 people gave up looking for work.
SpaceX wants to raise $75 billion — nearly triple the largest IPO in history. Saudi Arabia's sovereign wealth fund is in talks for a $5 billion piece of it.
Sixteen drugmakers cut deals to avoid 100% tariffs. Regeneron didn't. The UK got a bespoke exemption. Everyone else pays — and the supply chain math doesn't favor patients.
The world's richest 0.1% have stashed $2.84 trillion in untaxed offshore accounts — more than the combined wealth of 4.1 billion people. Ten years after the Panama Papers, the offshore system remains remarkably intact.
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