Oil market faces crunch point in one month as global stockpiles dwindle
Traders warn that as global stockpiles continue to fall despite consumption cuts, oil prices could surge significantly within a month, causing widespread economic pain.
Finance
Elon Musk's Tesla Pay Valued at $158bn — But He Can't Pocket It
Tesla values Musk’s 2025 compensation at $158bn in SEC filings, but discloses he has not achieved any of the milestones required to receive the pay.
US Treasury Warns: Paying Iran 'Tolls' for Hormuz Passage Risks Sanctions Violation
The US Treasury has issued a notice warning that any individual or company paying Iran a ’toll’ for passage through the Strait of Hormuz risks violating US sanctions.
Trump to Hike Tariffs on EU Cars to 25% in Sharp Trade Escalation
Trump accuses EU of ’not complying’ with trade deal, announces tariff increase on European cars and trucks from 15% to 25%, and urges European automakers to build in the US.
💰 Trump Announces Tariff Hike on EU Cars from 15% to 25%
US President Trump announced he will raise tariffs on EU imported cars from the current 15% to 25%, escalating transatlantic trade tensions.
🍽️ UK Restaurant Chain The Real Greek on Brink of Collapse, 28 Outlets at Risk
The Real Greek, a well-known Mediterranean-style restaurant chain in the UK, is set to enter administration with all 28 outlets at risk of closure, highlighting the severe pressures facing Britain’s hospitality sector.
✈️ Spirit Airlines Prepares to Shut Down as Rescue Deal Falls Apart
Spirit Airlines is preparing to shut down operations after its rescue deal collapsed, marking the end of a major restructuring effort for the US ultra-low-cost carrier.
Nvidia Stock Plunges as Google and Amazon's In-House AI Chips Spark Competition Fears
Nvidia stock tumbles as investors worry about intensifying competition from Google and Amazon’s in-house AI chip development, challenging the $4.9 trillion chip giant’s dominance.
Trump Announces 25% Tariffs on EU Autos, Accuses Bloc of Not Complying with Trade Deal
Trump announces a 25% tariff on EU car and truck imports, accusing the bloc of failing to comply with trade agreements, potentially triggering a new wave of transatlantic trade tensions.
Nasdaq Crosses 25,000 for the First Time as Tech Stocks Drive U.S. Markets to Record Highs
The Nasdaq Composite index breaks through 25,000 for the first time, with the S&P 500 and Dow Jones also surging, driven by AI chips and tech sector strength.