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Alphabet Shareholders Demand Answers on Military and Surveillance Contracts

Key Points: A powerful group of Alphabet shareholders demands to know how the company oversees government surveillance and military contracts. Investors managing $1.15 trillion claim Alphabet removed crucial restrictions on weapon applications from its artificial intelligence principles in 2025. The tech giant recently secured a $1.2 billion cloud computing deal with Israel and expanded its Gemini AI work with the Pentagon. Alphabet rejected calls for...

Gold Prices Tumble as US Naval Blockade of Iran Drives Up Inflation Fears

Key Points: Spot gold prices dropped to $4,537.21 an ounce as traders watched the ongoing military standoff between the US and Iran. The United States continues its strict naval blockade of Iranian ports, completely shutting down the Strait of Hormuz. Rising crude oil prices fuel intense inflation fears, prompting central banks to keep interest rates high. The precious metal has lost roughly 13% of its...

Goldman Sachs Raises Inflation Forecasts as Iran War Keeps Oil Prices High

Key Points: Goldman Sachs raised its core inflation estimate to 2.6% for the end of the year due to high oil prices. The ongoing closure of the Strait of Hormuz continues to disrupt one-fifth of the global crude oil supply. Analysts predict Brent crude will average $100 per barrel this spring before falling to $90 by the fourth quarter. President Donald Trump rejected a recent...