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Oil Prices Spike as Middle East Conflict Closes Strait of Hormuz

Key Points: Brent crude sits near $100 after jumping almost 9 percent. WTI crude reaches nearly $94 per barrel as buyers rush. Persian Gulf attacks block 20 percent of the global oil trade. Iran's leader, Mojtaba Khamenei, wants the strait to stay closed. Oil prices are shooting up today, March 12, 2026. Global energy markets...

Microsoft Executive Rajesh Jha Retires After More Than Three Decades

Key Points: Rajesh Jha will retire from his executive role at Microsoft on July 1. He managed the massive Experiences and Devices unit for the company. Jha will remain with the tech giant in a special advisory position. CEO Satya Nadella praised Jha for his constant presence and lasting impact. Microsoft is losing one of...

Economists Predict June Interest Rate Cut Despite Inflation and War Risks

Key Points: The U.S. Federal Reserve will likely execute its first interest rate cut in June. Economists expect the central bank to hold rates steady at its March meeting. Surging oil prices from the Middle East war threaten to push inflation higher. President Trump expects his new Fed chair nominee to lower borrowing costs quickly....