The US and China have played key roles in mitigating the impact of a historic oil supply disruption caused by Iran's blockade of the Strait of Hormuz, which cut about 10 million barrels per day from global exports. The US increased its oil exports by 3.5 million bpd, while China reduced its imports by 3.6 million bpd, together compensating for roughly 70% of the lost supply. This cooperation has helped prevent oil prices from surging above $100 per barrel despite the large supply gap. However, questions remain about how long these adjustments can continue, especially as US oil inventories face pressure while China holds a large strategic reserve. The reopening of the Strait of Hormuz remains uncertain, but US and Chinese leaders have agreed on the importance of keeping the energy flow open.
SaintQuant has officially launched its AI-driven quantitative crypto trading platform, offering retail investors easy, no-code access to automated trading strategies. This launch coincides with Bitcoin surpassing $82,000 and record institutional infl...
SpaceX is expected to release its IPO prospectus soon, aiming to raise $70-75 billion and seek a valuation around $1.75 trillion, which would make it one of the most valuable public companies globally. The company's revenue is largely driven by Starl...
The global protective films market is projected to grow from $5.81 billion in 2026 to $7.62 billion by 2031, at a CAGR of 5.6%. Growth is fueled by rising demand for surface protection during manufacturing, transportation, and installation, especiall...
IDenta Corp reported its strongest quarter ever in Q1 2026, with revenues rising to $520,983 from $174,799 in Q1 2025. The company saw significant profit improvements, turning a net loss into a net profit of $29,860. Growth was driven by expanding in...
Auddia Inc. filed an S-4 registration statement with the SEC for its planned merger with Thramann Holdings, which will form McCarthy Finney, managing four AI-focused businesses. The merger is backed by a $12 million financing and awaits SEC review, s...
