Oil Falls 4% and Stocks Surge on Trump's Unconfirmed Iran Deal
Markets rallied on a deal that doesn't exist in writing, and the gap between tweet and treaty is now a trading strategy.
Theo Kaplan
Bureau: San Francisco
SpaceX Prices Largest IPO in History at $135 Per Share
SpaceX priced its IPO at $135 — the largest in history — and the space economy just became a public market story.
Oracle Drops 8.5% as Market Punishes $55.7B AI Spending Plan
Oracle announced $55.7B in AI infrastructure spending and the stock dropped 8.5%, signaling the market is differentiating between AI investment and AI revenue.
64% of Americans Oppose Local AI Data Centers in New Poll
64% of Americans don't want AI data centers in their community, and the AI infrastructure sprint is colliding with local resistance that is winning.
OpenAI Weighs Drastic Price Cuts as Anthropic Forces Response
OpenAI is considering slashing API prices to match Anthropic's aggressive pricing, and the AI price war just became a margin war.
US Producer Prices Post Biggest Jump Since 2022 on Energy Costs
Producer prices jumped the most since 2022 as energy costs feed through to the real economy, making the Hormuz closure an inflation story.
Buffett Issues Eight-Word Market Warning as Rally Builds
Buffett warned about the rally in eight words — when the world's most famous investor speaks in shorthand, the market listens.
Qatar LNG Exports Drop 20 Percent as Hormuz Closure Bites Harder
Qatar's LNG exports fell 20 percent since January — the Hormuz closure is now an energy supply crisis, not just a shipping disruption.
Qatar Helium Exports Blocked as Chip Makers Face Supply Cliff
Qatar's helium is trapped behind the Hormuz closure — chip makers need it to manufacture semiconductors, and inventories are running out.
SoftBank Attempted Margin Loan Against OpenAI Stake as Banks Said No
SoftBank tried to borrow $6 billion against its 13 percent OpenAI stake — banks refused, and the AI funding cycle just found a new risk.
Morgan Stanley Projects AI Bond Issuance Will Double to 570 Billion
AI bond issuance will hit $570 billion this year — the infrastructure sprint is now a debt story, and debt has to be repaid.
Super Micro Announces 7 Billion Equity Raise to Fund AI Orders
Super Micro raised $7 billion in equity — the AI server market's biggest player just doubled down on demand, and the stock dropped 9 percent.
Iran Economy Losing $435 Million Daily From War
Iran's economy is losing $435M per day — the war's economic toll is quantifiable, and it is accelerating.
IEA Names Hormuz Closure Largest Supply Disruption on Record
The IEA declared the Hormuz closure the largest supply disruption on record — energy markets just got a historical benchmark.