March CPI Hit 3.3% and the War Premium Is Now Embedded in Everything
March CPI surged to 3.3% with the biggest monthly gasoline jump since 1967 as the Iran war rewires American prices.
Theo Kaplan
Bureau: San Francisco
The Oil Market Broke in Half This Week
There are two oil prices now and they are $35 apart, because futures trade ceasefire headlines and supply chains feel real scarcity.
Live Nation Settled for Pocket Change and Twenty-Six States Said No
Live Nation settled with DOJ for pocket change. Twenty-six states said no. The real verdict is still coming.
The Iran Oil Waiver Expires in Eight Days, and Nobody in Islamabad Is Talking About It
April 19 deadline looms for the Iranian oil waiver that released 140M barrels to market, while the Russian waiver expires today — and both parties accuse Washington of funding both sides.
Wall Street Posts Strongest Weekly Gains Since November as Oil Volatility Whipsaws Markets
S&P 500 gained 3.5% for the week despite a Friday selloff, with chipmakers hitting records and oil-driven CPI data rattling bonds. Bank earnings loom next week.
Bill Ackman's $64 Billion Bid for Universal Music Would Put a Hedge Fund in Charge of Taylor Swift's Catalog
Pershing Square's proposed UMG acquisition at a 78% premium would move the world's largest music company from Amsterdam to NYSE.
OpenAI Is Worth $852 Billion on Paper and Losing $14 Billion a Year
OpenAI's $122B round valued the company at $852B. Revenue is $2B/month. Losses projected at $14B for 2026.