US president claims ‘total control’ of strait of Hormuz despite Iranian seizure of two ships and report warning it could take months to clear waterway of mines Trump claims US has total control over strait of Hormuz after Iran seizes two container ships Analysis: Trump may talk of regime infighting, ...
Month: April 2026
Epstein housed victims in London flats after Met chose not to investigate him, BBC revealsEpstein housed victims in London flats after Met chose not to investigate him, BBC reveals
The revelations intensify concerns about repeated police decisions not to investigate 2015 trafficking claims. ...
Trump says he’s ‘looking’ at buying Spirit AirlinesTrump says he’s ‘looking’ at buying Spirit Airlines
The News The US government will buy a stake in Spirit Airlines if it can “get it for the right price,” President Donald Trump said Thursday. “We’re thinking about doing it, helping them out, meaning bailing them out, or buying it — I think we’d just buy it, we’d be ...
China stockpiled three times as much crude as the US in 2025China stockpiled three times as much crude as the US in 2025
China stashed more than three times as much crude oil as the US in 2025, new data shows. The US government report underscores how intensely China worked to bolster its reserves ahead of the Iran war, giving it a crucial buffer in the face of energy supply disruptions during the ...
US reclassifies marijuana as less harmful substanceUS reclassifies marijuana as less harmful substance
The Trump administration reclassified marijuana as a less harmful substance on Thursday, removing barriers to research and generating tax benefits for the legal industry. Cheered by advocates and criticized by some Republicans, the move doesn’t legalize marijuana use nationwide, but removes cannabis from the same federal category as heroin and ...
Trump issues ‘shoot and kill’ order amid Hormuz standoffTrump issues ‘shoot and kill’ order amid Hormuz standoff
US President Donald Trump ordered the Navy to “shoot and kill” Iranian boats placing mines in the Strait of Hormuz, escalating the bitter stalemate over the key waterway. The directive came after Iran seized two container ships; both sides are looking to control the strait through their own blockades, creating ...
Some experts dismiss ‘apocalyptic talk’ of Hormuz disruptionsSome experts dismiss ‘apocalyptic talk’ of Hormuz disruptions
Some experts argued the Strait of Hormuz closure may not lead to an all-out economic catastrophe, as the prevailing narrative suggests. The Brookings Institution’s Robin Brooks wrote that global manufacturing data from March shows that the Iran war “isn’t nearly [as] disruptive as some would like it to be,” and ...
Community Votes to Deny Water to Nuclear Weapons Data CenterCommunity Votes to Deny Water to Nuclear Weapons Data Center
Ypsilanti Township in Michigan is attempting to cut off the flow of water to a planned data center that would power a new generation of nuclear weapons research. On Wednesday, the Township’s Board of Trustees voted to institute a 365 day moratorium on the delivery of water to hyperscale data ...
Lululemon plucks Nike cast-off for CEOLululemon plucks Nike cast-off for CEO
Lululemon’s shares dropped 11% Thursday after the athleisure brand picked Heidi O’Neill as its new CEO, an indication the market knows what everyone in the retail business already did. O’Neill was passed over in 2024 to run Nike (Elliott Hill came out of retirement for the gig) after a quarter ...
M&A has become unrecognizableM&A has become unrecognizable
Liz’s view When we broke the story of Microsoft’s $10 billion investment in OpenAI in January 2023, I said two things that now seem pretty stupid. First, I asked my colleague Reed Albergotti what OpenAI was. Second, I confidently said on CNBC that people should think of the deal more ...