Crude oil prices surged over 2% as supply concerns intensified with the Strait of Hormuz largely shut. European allies declined U.S. calls to escort tankers, prompting President Trump’s criticism. The UAE has halved production due to the disruption, raising fears of shortages and inflation. Experts predict further price hikes if tensions persist.Read More
The U.S. Securities and Exchange Commission is reportedly preparing a proposal to make quarterly earnings reports optional, allowing companies to instead report results twice a year. This potential shift, which could be published next month, aims to reduce shortsightedness and costs for public companies, though critics warn of reduced transparency and increased market volatility.Read More
Samsung Electronics shares saw a significant jump on Tuesday. This surge followed an announcement by Nvidia CEO Jensen Huang. He revealed that Samsung is manufacturing Nvidia’s new artificial intelligence chips. These advanced chips are based on technology from chip startup Groq. Production is underway and shipments are expected in the latter half of this year. Samsung’s manufacturing prowess is highlighted.Read More
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