US businesses are hiring at their lowest non-pandemic rate since 2011, hinting at a deep chill in the labor market. Hiring as a percentage of total employment dropped from 3.4% in January to 3.1% in February, while job openings fell. Overall, 92,000 jobs were lost, and the voluntary quitting rate ...
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Venezuela’s March oil exports boomVenezuela’s March oil exports boom
Venezuela’s oil exports in March surpassed one million barrels per day for the first time in months, as US efforts to bolster the sector took hold, although democratic reforms appear far off. Washington pressured Caracas to liberalize the industry — which contributes around half its tax intake and a fifth ...
US data center buildout slows on supply hurdlesUS data center buildout slows on supply hurdles
The US’ AI infrastructure buildout is decelerating as the market struggles to keep up with demand. The last quarter of 2025 saw a slowdown in newly added data center capacity, while nearly half of the projects planned for this year are expected to be delayed or canceled, Bloomberg reported. The ...
Iran’s oil coffers bolstered by warIran’s oil coffers bolstered by war
The US-Israeli attacks may have devastated Iran’s leadership and military, but the conflict has bolstered its oil income. Tehran is earning nearly twice as much from oil sales each day now than before the conflict began, The Economist reported. Iran is now effectively in control of the Strait of Hormuz, ...
The world marks one year since ‘Liberation Day’The world marks one year since ‘Liberation Day’
The US trade deficit increased in February as a rise in imports offset strong exports, new data showed Thursday, exactly one year after President Donald Trump announced his sweeping tariff regime. “Liberation Day” kicked off 12 months of volatile policy and trade patterns that have yet to subside. The US ...
Asian oil refiners feel the heat from MidEast energy shortagesAsian oil refiners feel the heat from MidEast energy shortages
The Iran war is squeezing Asia’s oil refiners. While Tehran has let some Indian-flagged ships carrying LNG through the Strait of Hormuz, many are still stranded, forcing Indian refiners to compete with other nations for Russian crude — at higher prices, The Economist wrote. China told its private refiners, which ...
Tesla sees modest quarterly sales uptickTesla sees modest quarterly sales uptick
Tesla sold slightly more cars in the first quarter of 2026 compared to the same period last year, but the figures missed expectations and failed to impress investors. The US EV giant run by Elon Musk has an “overproduction problem,” Ars Technica wrote, building many more units than it’s selling. ...
The cost of ‘war insurance’ in the Gulf has risen 1,900%The cost of ‘war insurance’ in the Gulf has risen 1,900%
The News The cost of insuring everything from energy infrastructure to hotels to data centers against war damages has skyrocketed in the Middle East. A $100 million policy covering damage from war and terrorism that would have cost $250,000 per year before the outbreak of hostilities costs $5 million today, ...
Blue Owl faces withdrawal flood as private credit jitters persistBlue Owl faces withdrawal flood as private credit jitters persist
Investors rushed out of Blue Owl’s flagship and technology-focused credit funds as jitters continue to sharpen in private credit. Blue Owl’s largest fund, a $36 billion pot of corporate loans known by its ticker, OCIC, received redemption requests for 22% of its assets, the firm said today. A smaller, $6 ...
Trump ousts Bondi from atop the Justice DepartmentTrump ousts Bondi from atop the Justice Department
The News President Donald Trump has removed Pam Bondi as attorney general, ending her tumultuous 14 months at the helm of the Justice Department. Trump told Bondi on Wednesday that her time in the job was nearing an end, as Semafor first reported, and he made the announcement official a ...