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Iran's two major copper smelters suspected to have halted production, adding new uncertainties to Middle Eastern supply.

Iran's two major copper smelters suspected to have halted production, adding new uncertainties to Middle Eastern supply.

As tensions in the Middle East continue to escalate, the global copper market is facing a dual squeeze from supply shocks and demand concerns. On Tuesday, June 7, Eastern Time, media reports citing satellite data organization Earth-i said that two of Iran’s main copper smelters appear to have recently

Amid the crisis in the private credit market, Blackstone's opportunistic credit fund raised ten billion dollars and was oversubscribed.

Amid the crisis in the private credit market, Blackstone's opportunistic credit fund raised ten billion dollars and was oversubscribed.

``` Blackstone Group has raised $10 billion for its latest opportunistic credit fund, highlighting that institutional investors remain enthusiastic amid turmoil in the private credit market. This is the largest opportunistic credit fundraising in Blackstone's history. The Blackstone Capital Opportunities Fund V was highly subscribed, exceeded its fundraising target,

Foldable iPhone faces engineering challenges, Apple shares plunge over 4% in a single day

Foldable iPhone faces engineering challenges, Apple shares plunge over 4% in a single day

``` The development of Apple’s foldable iPhone has hit another setback, causing a noticeable decline in its share price. According to Nikkei Asia, Apple’s foldable iPhone is currently facing technical obstacles during the engineering testing phase. The complexity of the related engineering issues and the time needed for their

Airfare, diesel, and food prices are all rising! Inflation is making a comeback, and Republican midterm election pressure is surging.

Airfare, diesel, and food prices are all rising! Inflation is making a comeback, and Republican midterm election pressure is surging.

``` International oil prices have surpassed $100 per barrel, U.S. gasoline averages over $4 per gallon, and the costs of aviation fuel, diesel, and agricultural fertilizer have soared. An energy price shock triggered by the Iran war is shifting inflationary pressure back onto American consumers, pushing the Republican Party into

Goldman Sachs makes rare statement: The "intergenerational buying opportunity" in U.S. tech stocks has quietly begun

Goldman Sachs makes rare statement: The "intergenerational buying opportunity" in U.S. tech stocks has quietly begun

US technology stocks have recorded their weakest performance relative to the broader market in half a century, but Goldman Sachs believes that resilient earnings and rapidly declining valuations are creating a "generational buying opportunity" for investors. A team led by Peter Oppenheimer, Goldman Sachs’ Chief Global Equity Strategist,

Clouds of war gather between the US and Iran, but the bond market is betting on a "2022-style rate hike"? UBS: That's unrealistic

Clouds of war gather between the US and Iran, but the bond market is betting on a "2022-style rate hike"? UBS: That's unrealistic

``` Tensions in the Middle East are driving global bond yields higher, and the market has begun to bet that major central banks will repeat the coordinated rate hikes of 2022. But UBS Chief Strategist Bhanu Baweja warns that this logic is fundamentally flawed. In an interview with Bloomberg TV, Baweja

Intel joins Musk's "Terafab," collaborating to build a 1-terawatt-level AI computing empire.

Intel joins Musk's "Terafab," collaborating to build a 1-terawatt-level AI computing empire.

``` Intel announced it is joining Musk’s "Terafab" project, with both parties cooperating to advance semiconductor manufacturing and high-performance chip R&D. This move opens an important window for Intel’s long-sought foundry business. Intel announced this collaboration on Tuesday via Musk’s social media platform X.