Trump Orders Blockade of Venezuelan Oil Tankers The Trump administration has issued an order to enforce a blockade of oil tankers entering or leaving Venezuela, targeting the country’s oil exports as part of a broader effort to pressure the Venezuelan government and disrupt financial flows tied to sanctioned entities.

Coinbase Shifts Incorporation to Texas Coinbase, one of the largest cryptocurrency exchanges in the United States, has officially changed its state of incorporation to Texas from its previous jurisdiction. This move underscores a broader trend among major digital-asset firms seeking regulatory clarity, favorable business environments, and strategic positioning amid ongoing

OpenAI Explores Major AI Chip Partnership With Amazon OpenAI is in talks with Amazon that could result in at least $10 billion of spending on Amazon’s AI chips and infrastructure. If finalized, the deal would reduce OpenAI’s reliance on a single cloud provider and reshape how high-end AI

Treasury Signals Bigger Tax Refunds for Next Year Treasury official Scott Bessent said Americans could receive very large tax refunds early next year, citing withholding dynamics and income trends that may leave households over-withheld on taxes. If realized, the refunds would arrive at a moment when consumers remain sensitive to

U.S. Labor Market Shows Clear Signs of Softening Recent labor data indicates that U.S. employment is losing momentum, with job losses continuing to accumulate over recent months. While total employment remains elevated compared with historical levels, the trend points to a steady cooling rather than resilience. The breadth

Lawmakers Warn Data Centers Are Pressuring Power Grids Senate Democrats are warning that the rapid expansion of data centers — driven by cloud computing and AI — is placing increasing strain on the U.S. power grid and contributing to higher electricity prices for consumers. The concern centers on how large-scale data

U.S. Job Losses Accelerate, Signaling Labor Market Cooling Recent employment data shows the U.S. labor market is losing momentum, with hundreds of thousands of jobs disappearing since the start of the year. While headline employment levels remain historically high, the trend points to a gradual but persistent cooling.

Japan Signals Major ETF Unwind After Years of Market Support Japanese authorities are preparing to offload over $500 billion in equity ETFs, marking a significant shift after years of aggressive market intervention. For more than a decade, Japan accumulated ETFs as part of extraordinary monetary easing aimed at stabilizing markets

Trump Signals Willingness to Use Land Strikes Against Drug Networks Donald Trump has suggested that the United States could pursue land-based military strikes against drug trafficking operations linked to Venezuela, dramatically raising the stakes in the fight against transnational narcotics networks. The comments indicate a potential expansion beyond sanctions, interdiction,

Apple Pushes Deeper Into Custom AI Silicon Apple is reportedly developing a custom artificial intelligence chip in partnership with Broadcom, marking another step in its long-term strategy to control more of its core hardware stack. The effort signals Apple’s intent to optimize AI workloads across its ecosystem — from devices

Fannie and Freddie Quietly Expand Mortgage Bond Portfolios Fannie Mae and Freddie Mac have been adding billions of dollars in mortgage-backed securities to their portfolios, a shift that has largely flown under the radar. The increase suggests a more active role by the government-backed mortgage giants in supporting housing finance

Elon Musk’s Wealth Reaches a New High Elon Musk’s net worth has climbed past a major milestone, driven largely by gains in the valuations of his core companies. The increase reflects a powerful combination of market optimism, rising equity prices, and renewed enthusiasm around technology, AI, and future-facing

Harris Sharpens Message as 2028 Talk Builds Vice President Kamala Harris has delivered a notably sharper political message that many observers view as early groundwork for a potential 2028 presidential campaign. The tone and substance signal an effort to define her political identity more clearly, draw contrasts, and reassert leadership

Trump Weighs Executive Order on Marijuana Reclassification Donald Trump is reportedly considering an executive order that would reclassify marijuana under federal law, potentially shifting it away from its current strict classification. Such a move would mark a major change in federal drug policy and could have far-reaching implications for the

Nasdaq Pushes Toward Longer Trading Hours Nasdaq is considering extending its trading hours, signaling that U.S. markets may be inching closer to a near-24/7 structure. The move reflects growing pressure from global competition, retail demand, and technological advances that make round-the-clock trading increasingly feasible. As international markets, crypto,

iRobot Enters Chapter 11, Lender Steps In iRobot, the company behind the Roomba robot vacuum, has filed for Chapter 11 bankruptcy protection as part of a restructuring that will see its primary lender acquire the business. The move effectively hands control of the company to its creditor, marking the end

Zelenskiy Pushes for “Dignified Peace” Amid High-Level Talks Ukrainian President Volodymyr Zelenskiy said any resolution to the war must deliver a “dignified peace,” emphasizing sovereignty, security guarantees, and long-term stability. His comments came as senior U.S. and Ukrainian officials met in Berlin to discuss the next phase of diplomatic

Xi Jinping Pushes Back on “Growth at Any Cost” Chinese President Xi Jinping has issued a clear warning to government officials: don’t chase reckless GDP growth targets that risk financial stability, environmental sustainability, or long-term economic health. According to leaders within China’s political and economic system, Xi’s

Vance: Affordability Crisis Is Policy-Driven Senator JD Vance argued that the ongoing affordability crisis facing American households can be directly traced to policy decisions made by the Biden administration and congressional Democrats. He pointed to rising housing costs, elevated prices for everyday goods, and financial strain on working families as

Treasury Signals Bigger Tax Refunds Ahead Treasury official Scott Bessent said Americans may receive very large tax refunds early next year, pointing to withholding dynamics, income trends, and tax timing effects that could put extra cash in consumers’ hands. If realized, the refunds would arrive during a period when households

Trump’s Controversial Remark Returns to the Spotlight A renewed political debate has emerged after former President Donald Trump’s past use of the phrase “shithole countries” resurfaced in recent reporting. The comments, originally made during discussions about immigration policy, have once again drawn attention as Trump remains a central

Powell: Rate Cuts Won’t Fix Housing’s Core Problems Federal Reserve Chair Jerome Powell signaled that even if interest rates are lowered, the U.S. housing market is unlikely to see a meaningful rebound. His message was clear: housing’s weakness is no longer just about borrowing costs. Powell