Category: Semafor

The Iran war and the AI buildout are driving up concerns over the prospect of an energy squeeze in the US. The country has been a net energy exporter since 2019, and fuel exports have spiked since the conflict led to shortages around the world. But rising domestic gas prices ...

Global energy prices and supplies still have room to get much worse, executives and analysts warned. A “great repricing is underway,” Semafor’s energy editor wrote, as experts raise their forecasts for oil and gas prices — “a sign that the gravity of the situation is finally landing.” Global oil reserves ...

The US sought to downplay the Iran war’s economic impact and recent flare-ups in the Strait of Hormuz. The Pentagon on Tuesday insisted Washington’s ceasefire with Tehran was holding after the countries clashed in the waterway; US President Donald Trump characterized the attacks as a “skirmish.” Trump also sought to ...

AI is extending its reach on Wall Street as companies exhibit strong demand for the tech and reshape their workforces around it. Anthropic on Tuesday unveiled a new slate of agents aimed at handling financial services tasks like reviewing balance sheets and drafting pitch decks; market intelligence stocks subsequently fell. ...

The UK staff of Google DeepMind voted to unionize amid concerns of the company’s deal with the US Department of Defense. The Pentagon reached agreements with seven AI companies, including Google, for “lawful use” of their tech in the military; Anthropic, which feuded with the Pentagon over use of its ...

A Chinese player won the World Snooker Championship for the second year in a row, a win for Beijing as it looks to consolidate its soft power on the global stage. Wu Yize became the tournament’s second-youngest winner in a competition traditionally dominated by Europeans. The victory confirms China’s growing ...

Marc Lore became a dealmaking legend by selling two e-commerce startups for top dollar. Diapers.com to Amazon and ecommerce startup Jet.com to Walmart. He says he’s done with that. “I’m the IPO guy now!” said Lore, who plans to take his $7 billion food-delivery startup, Wonder, public in 2028. “We’ll ...

eBay’s board will meet this week to review an unsolicited $56 billion bid from GameStop’s Ryan Cohen, according to people familiar with the matter. The billionaire didn’t help his case Monday, when he squandered what goodwill he had with the Street in a disastrous CNBC interview, playing to his base ...

Four score and seven years ago, Saudi Arabia’s founding father King Abdulaziz crossed the Dahna Desert in a convoy of 400 cars to reach the Gulf port of Ras Tanura, where a tanker called the DG Scofield was waiting. Aramco’s archival footage shows the monarch turning the valve himself, enabling ...

The risk of a shortage of aviation fuel due to the Strait of Hormuz blockade has made the search for alternative sources a critical issue for airlines. High fuel prices and pending scarcity means some carriers have canceled flights and at least one, Spirit Airlines in the US, has closed ...