business News

NYT - World NEW about 1 hour ago

Hoarding Is Driving Energy Prices Higher Everywhere

As wealthy nations scramble to secure stocks of oil, the result is higher prices for all and shortages in vulnerable countries.

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Al Jazeera - English about 6 hours ago

US halts shipment of Iraq’s oil dollars to curb Iran-linked groups: WSJ

A plane carrying nearly $500m in US banknotes was blocked by the US Treasury, according to The Wall Street Journal.

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NYT - World about 10 hours ago

A Year After Terrorist Attack, a Kashmir Town Longs for Tourists

Pahalgam, with steep ravines, grassy hillsides and pine forests, is a base for Hindu pilgrimages that business operators hope will revive visitors.

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NYT - World about 13 hours ago

U.S. Military Stops and Boards M/T Tifani, Tanker Carrying Iranian Oil, Pentagon Says

The seizure was the latest U.S. effort to squeeze Iran’s oil-reliant economy, and came days after the Navy boarded an Iranian cargo ship near the Strait of Hormuz.

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TechCrunch about 13 hours ago

Redwood Materials lays off 10% in restructuring to chase energy storage business

The company is restructuring some teams to accommodate a booming energy storage business, according to emails viewed by TechCrunch.

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TechCrunch about 15 hours ago

SpaceX is working with Cursor and has an option to buy the startup for $60B

The move could shore up weaknesses at each company, but it also reveals them. Neither Cursor nor xAI has proprietary models that can match the leading offerings from Anthropic and OpenAI — the same companies now competing directly with Cursor for the developer market.

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BBC News - World about 15 hours ago

Why police are seeking to arrest billionaire K-pop mogul behind BTS

Bang Si-hyuk, who created the supergroup, denies defrauding investors before his $7.3bn company went public.

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TechCrunch about 19 hours ago

Sam Altman throws shade at Anthropic’s cyber model, Mythos: ‘fear-based marketing’

This week, during a podcast appearance, OpenAI CEO Sam Altman called out his competitor's new cybersecurity model, noting that the company was using fear to make its product sound more impressive than it actually is.

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NYT - World 1 day ago

2 Cruise Ships Clear Strait of Hormuz After Being Stranded for Weeks

The ships carried skeleton crews and no passengers, the cruise company said.

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