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Oil Prices Hold Steady Near $108 as Peace Talks Continue

Key Points: Brent crude stayed near $108 a barrel after jumping 2.8% as traders watched the latest peace negotiations. The United States and Iran maintain a strict naval blockade in the Strait of Hormuz, dropping ship traffic to almost zero. President Donald Trump demands that Iran stop enriching uranium and agree never to build a nuclear weapon. Iran has run out of storage for its...

Foreign Automakers Turn to Chinese Tech in Reverse Joint Ventures

Key Points: Foreign car brands now use Chinese electric vehicle platforms and software to build their new models. Volkswagen and XPeng built the new China Electronic Architecture software system in just 18 months. Analysts describe the rapid technological leap of Chinese automakers during the pandemic as interstellar traveling. Global automakers plan to export these new China-developed vehicles to markets in Europe, South America, and Asia....

Memory Stocks Surge as AI Demand Forces Long-Term Supply Deals

Key Points: Micron and SanDisk shares jumped again on Monday as analysts predict strong demand for artificial intelligence memory through the decade. Micron stock climbed 5.6%, pushing its overall market cap near $600 billion, while Sandisk gained 8.1%. Consumers face a 17% increase in personal computer prices this year as basic memory components become scarce. Major technology buyers now sign three to five-year supply contracts...