Oil prices surged as tensions in the Middle East escalated following recent US strikes on Iran and retaliatory attacks by Iran on US allies Kuwait, Jordan, and Bahrain. Brent crude futures rose over 2% to $96.59 a barrel, while US West Texas Intermediate increased 1.73% to $91.78. The US Central Command cited Iranian attempts to attack commercial shipping in the Strait of Hormuz as justification for their strikes. President Trump stated he prefers the current US position controlling the Hormuz Strait and noted Iran's economy is collapsing. Experts warn that ongoing conflict will keep oil prices elevated and volatile, influenced by sanctions and stalled negotiations.
Hyperliquid Strategies has increased its equity purchase agreement ceiling to $2.5 billion, as per a September 1, 2026 SEC filing. This expansion allows the company greater access to capital through issuing new shares over time, enhancing its financi...
Target Hospitality Corp. reported a strong second quarter with revenue up 39% year-over-year and adjusted EBITDA increasing fivefold, driven by growth in its Workforce Housing Solutions segment. The company secured $1.4 billion in multi-year contract...
Cornerstone Robotics, a Hong Kong-based surgical robotics company, has secured a strategic partnership with Medtronic, which includes a $700 million investment. Medtronic gains distribution rights for Cornerstone's Sentire™ surgical system outside th...
The Shanghai Cooperation Organization (SCO) has transformed from a security alliance into a broad regional cooperation platform focusing on economic development and technological innovation. China, as a founding member, has driven this evolution by i...
Japanese beverage maker Ito En reported a 22% rise in operating profit to 10.2 billion yen for the fiscal first quarter, driven by improved profitability in its tea and beverage segment and a newly profitable vending machine business. Revenue increas...
