Oil prices surged last week with June WTI crude hitting $110.93 and Brent reaching $120.54, driven by the ongoing closure of the Strait of Hormuz which is blocking 10-13 million barrels per day from reaching the market. Diplomatic talks between the U.S. and Iran remain deadlocked, with Iran demanding the lifting of the U.S. naval blockade before reopening the Strait. Despite OPEC+ agreeing to increase production in June, the supply deficit persists as the additional barrels cannot be exported. Market dips on ceasefire or diplomatic headlines are seen as temporary, with the fundamental supply disruption keeping prices elevated until the Strait reopens or a credible breakthrough occurs.
RootsFi has integrated Cap's stcUSD as a primary yield source on the Tempo payment network, allowing users' balances to earn native yield backed by financial guarantees. This integration combines Tempo's fast Layer 1 payment infrastructure, RootsFi's...
MLCommons announced the MLPerf Training v6.0 benchmark results, introducing two new benchmarks—DeepSeek V3 and GPT-OSS 20B—that highlight the industry's shift toward sparse computation using Mixture-of-Experts (MoE) architectures. These benchmarks te...
AppFolio has enhanced its Performance Platform with new AI-driven features across leasing, accounting, and resident operations, integrating Anthropic’s Claude AI to automate complex workflows. These updates include automated invoice processing, multi...
Metallium Limited has successfully operated three Flash Joule Heating units simultaneously at its Texas facility, marking a key milestone in scaling its proprietary technology. The operation achieved 83% availability and nearly 100% utilization, exce...
Air Comm, a leading provider of wireless communication and security technology, has opened a new office in Farmers Branch, Texas, expanding its presence in the Dallas-Fort Worth area. This new location enhances Air Comm's ability to offer faster loca...
