Jim Cramer questioned U.S. strategy around the Strait of Hormuz as Sen. Tom Cotton rejected reports that the Trump administration failed to plan for Iran potentially closing the key oil shipping route, while crude prices climbed close to $100 amid escalating tensions.
Meta Platforms is reportedly considering layoffs affecting up to 20% of its workforce as CEO Mark Zuckerberg ramps up spending on AI and data center infrastructure, reflecting a broader tech industry trend toward AI-driven efficiency.
President Trump announced a U.S. bombing raid on Iran's Kharg Island, the country's main crude oil export terminal, warning that any threats to shipping through the Strait of Hormuz would prompt further action.
Donald Trump said Vladimir Putin may be helping Iran "a bit" amid the escalating Middle East conflict, as reports claim Russia shared intelligence on U.S. military positions while Washington warns Moscow against assisting Tehran.
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The company said in a filing that it may repurchase shares from time to time though the open market, in privately negotiated transactions or other means.
The payment is part of the agreement through which investors friendly with the administration gained control of TikTok’s U.S. operations from Chinese parent ByteDance, a report from the Wall Street Journal said.
Energy Secretary Chris Wright directed Sable Offshore Corp. to begin restoring operations for the Santa Ynez Unit and Santa Ynez Pipeline System in California, Bloomberg News report said.
