IEA Plans Record Emergency Oil Release Amid Iran Strait of Hormuz Crisis

Oil prices dipped during early Asian trading on Wednesday after the Wall Street Journal broke news that the International Energy Agency was preparing its largest emergency oil reserve release in history. The move comes in...

Gold Prices Climb Above $5,200 as Iran War Uncertainty and Inflation Data Loom

Gold prices edged higher during early Asian trading on Wednesday, breaking out of a week-long consolidation range as markets weighed conflicting developments surrounding the ongoing U.S.-Israel conflict with Iran. The move...

Diesel Price Surge Threatens Global Economy Amid Middle East Conflict

Rising diesel prices are sending shockwaves through the global economy as ongoing conflict in the Middle East tightens supplies of both the fuel itself and the crude oil used to produce it. Traders and analysts warn the...

U.S.-Israel War on Iran Sends Crude Oil Prices Surging Amid Strait of Hormuz Tensions

West Texas Intermediate crude oil prices climbed $2.90 per barrel, or 3.5%, to $86.33 in early Wednesday trading as Gulf oil supplies remained severely disrupted by the ongoing U.S.-Israeli military campaign against Iran....

Israel-Iran War: Herzog Urges Patience as U.S. and Israeli Strikes Intensify

Israeli President Isaac Herzog has declined to provide a timeline for ending the ongoing conflict with Iran, emphasizing the need for a decisive and lasting outcome rather than a rushed resolution. Speaking to Germanys...

Trump Administration Spent $5.6 Billion in Munitions in Opening Days of Iran Strikes

The Trump administration disclosed to congressional committees that it expended $5.6 billion worth of munitions within the first 48 hours of its military strikes against Iran, according to a source with knowledge of the...

Ukraine Strikes Russian Missile Component Factory in Bryansk Using British Weapons

Ukrainian forces carried out a precision strike on a key Russian defense manufacturing plant in the Bryansk border region on Tuesday, President Volodymyr Zelenskiy confirmed. The targeted facility, known as the Kremniy El...

Boeing Secures $289 Million Smart Bomb Contract With Israel

Boeing has signed a $289 million defense contract with Israel to supply up to 5,000 air-launched smart bombs, according to a source who spoke with Reuters. The deal covers Boeings Small Diameter Bomb, a precision-guided...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Microsoft Backs Anthropic in Legal Fight Against Pentagon's AI Blacklist

Microsoft has stepped into a high-profile legal battle between AI startup Anthropic and the U.S. Department of Defense, filing an amicus brief in federal court in San Francisco to support Anthropics request for a temporary...

U.S. Senate Greenlights AI Chatbots for Official Staff Use

The United States Senate has officially approved three major artificial intelligence chatbots for use by congressional staff, marking a significant step in the adoption of AI technology within the federal government....

Oracle Stock Surges as AI Data Center Boom Drives Revenue Beat and Bullish 2027 Outlook

Oracle shares jumped 8.3% in after-hours trading after the enterprise technology giant delivered stronger-than-expected quarterly results and raised its fiscal 2027 revenue forecast, signaling that its aggressive bet on AI...

Amazon Engineers Investigate AI-Linked Outages as GenAI Coding Tools Raise Reliability Concerns

Amazon has convened a large group of engineers to investigate a pattern of service disruptions tied to artificial intelligence, according to a report by the Financial Times. The internal meeting was prompted by what the...