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Oil Prices Surge Past $110 as War Destroys Gulf Energy Infrastructure

Key Points: Brent crude briefly crossed $119 per barrel after new attacks on Middle Eastern energy infrastructure. Israel struck Iran's massive South Pars gas field, sparking immediate retaliation. Iran attacked critical refineries and export terminals in Saudi Arabia, Kuwait, and the UAE. US Treasury Secretary Scott Bessent suggested removing sanctions on 191 million barrels of...

Federal Reserve Faces Tough Choices as Iran War Spikes Oil Prices

Key Points: The Federal Reserve will likely keep interest rates between 3.5% and 3.75% at its meeting this Wednesday. The ongoing war in Iran has spiked oil prices, creating deep divisions among central bank officials. Economists warn that keeping oil at $100 a barrel for three months could push the US economy into a recession....

Nvidia CEO Jensen Huang Predicts Sales Will Blast Past $1 Trillion

Key Points: Nvidia CEO Jensen Huang predicts the company will surpass $1 trillion in total sales. The original $1 trillion projection for AI chips did not include other major product lines. Nvidia plans to enter new markets, including building data center chips for outer space. The company will return 50% of its free cash flow...