Google Gemini launch delayed as tech falls short of internal goals, Bloomberg News reports
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US Launches New Strikes on Iran as Hormuz Shipping Traffic Falls
(Bloomberg) — The US launched fresh strikes against Iran on Thursday, the fifth straight day of attacks as shipping traffic slumped in the critical Strait of Hormuz. Read More
Oil Traders Crowd Into Cheap TACO Hedge as Iran War Amps Up
(Bloomberg) — An unusual options trade is becoming a favored hedge against the risks of sudden U-turns in US President Donald Trump’s stance on Iran, a dynamic that has repeatedly whipsawed markets in recent months. Read More
Chevron to Sign Oil Investment Accords With Iraq on Friday
(Bloomberg) — Chevron Corp. expects to sign accords with Iraq on Friday that will advance its negotiations about investing in large oil fields, according to a senior company executive. Read More
Burnham to Back North Sea Oil and Take Control of Thames Water
(Bloomberg) — Within days of taking office incoming prime minister Andy Burnham is preparing to announce new drilling for oil and gas in the North Sea as well as taking public control of Thames Water. Read More
Netflix faces earnings risk after stock’s US$257 billion wipeout
Netflix Inc. has been one of the worst stocks in the market over the past 12 months as concerns about the video-streaming giant’s plans and prospects refuse to go away. Now, investors worry that its earnings report after the close will confirm those fears. Read More
Foreign holdings of U.S. Treasuries rose in May, led by Canada
Foreign holdings of United States Treasuries increased in May, led by the sometimes-volatile Canadian stockpile, with Japan having drawn down some of its balance. Read More
Logile Introduces Enterprise Productivity Simulator, Ushering in Retail’s Next Strategic Planning Category
Retailer leaders can now move from planning based on assumptions to planning based on projected outcomes, creating the foundation for a workforce and store operations digital twin, used to model change and improve decisions before execution begins Read More