US officials sought to play down the details of a Washington-Tehran interim deal, as analysts said Iran appeared to have won major concessions. Though not officially published, the widely seen draft grants the Islamic Republic the right to sell its oil on global markets immediately, alongside the prospect of significant ...
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Oil falls below $80 as Hormuz opensOil falls below $80 as Hormuz opens
Oil and gas prices fell as the US-Iran truce pointed towards the freer flow of fossil fuels through the Strait of Hormuz. Several tankers passed through the waterway, which has in effect been closed for months. Multiple outlets reported that the US would allow Tehran to sell its oil freely, ...
US Fed expected to hold rates steadyUS Fed expected to hold rates steady
The US Federal Reserve is expected to keep interest rates steady today, in an early test for new chair Kevin Warsh, who faces pressure from President Donald Trump to ease borrowing costs. Trump has persistently called for the Fed to cut rates, but the Iran war has upended energy markets, ...
DeepSeek fundraises $7.4 billionDeepSeek fundraises $7.4 billion
DeepSeek became China’s most valuable AI startup after raising $7.4 billion, but its $50 billion valuation is eclipsed by the astronomical market values of its US rivals. The upstart upended Silicon Valley with its cost-effective open-source model last year, and is seen as leading Beijing’s race against the US. While ...
EU removes tariffs from US goodsEU removes tariffs from US goods
The European Parliament approved its trade deal with the US, agreeing to reduce tariffs on industrial and agricultural goods. Washington agreed to cap its own tariffs. The deal was agreed last year, but votes were postponed after US President Donald Trump threatened to annex Greenland, leading parliamentarians to demand extra ...
France’s spy agency drops PalantirFrance’s spy agency drops Palantir
France’s spy agency ended its contract with US-based software giant Palantir and replaced it with a domestic rival. Europe’s tech sovereignty concerns have risen after the US government blocked foreign nationals’ access to Anthropic’s frontier models. Palantir in particular has faced scrutiny, the Financial Times noted: Its deal with the ...
Global EV sales surge during Iran warGlobal EV sales surge during Iran war
Global EV sales are expected to hit 23 million this year, an 11% jump from 2025, as the Iran war drives demand for cheaper electric mileage. Thanks to falling lithium-ion prices, EVs are becoming more affordable just as gas prices have risen, prompting more drivers to make the switch even ...
SpaceX overtakes Amazon in value, raising concerns of a bubbleSpaceX overtakes Amazon in value, raising concerns of a bubble
SpaceX shares jumped further Tuesday, making the company more valuable than Amazon but further raising concerns of a bubble. The space giant’s IPO last week broke records and investors have only piled in since. But the numbers are startling: Its price-to-sales ratio is almost 150, compared to less than four ...
How Frederic Church brought America to the worldHow Frederic Church brought America to the world
by Victoria Johnson. Church was “the emblematic artist of the middle decades of America’s nineteenth century,” according to The New Yorker. This “lively” biography shows how he “did for America what John Constable and JMW Turner had done for Britain,” painting landscapes that defined the nation’s image of itself. Buy ...
How Amazon Business made business buying smart by rebuilding its consumer platform for companiesHow Amazon Business made business buying smart by rebuilding its consumer platform for companies
In this special episode of Compound Interest, Semafor’s Chief Commercial Officer Rachel Oppenheim sits down with Todd Heimes, Vice President and General Manager at our season sponsor, Amazon Business. Todd and Rachel sit down to discuss how Amazon Business is reshaping how organizations buy. Heimes has been scaling Amazon since ...