Business

WTI crude drops below $74 as Treasury pauses Iranian oil sanctions

West Texas Intermediate crude dropped 3% to $73.60 a barrel Monday after the U.S. Treasury waived sanctions on Iranian oil for 60 days amid Swiss-brokered peace talks.

MoneyGram Launches Solana Validator Node to Power Global Stablecoin Rails

MoneyGram has officially launched a validator node on the Solana blockchain, shifting from a network user to a protocol operator to secure its new MGUSD stablecoin rails.

UPS Details $48 Million Cold-Chain Expansion to Support GLP-1 Drug Surge

UPS is deploying $48 million to build 27 temperature-controlled global facilities, moving to secure the supply chain for complex biologics and high-demand GLP-1 drugs.

Keir Starmer Resigns as UK Prime Minister Amid Labour Mutiny, Squeezing Bond Markets

U.K. borrowing costs immediately jumped, sending the 10-year bond yield to 4.86%, after Prime Minister Keir Starmer announced his resignation on Monday amid a Labour Party mutiny.

Amazon to Sell Trainium AI Chips Externally in Direct Challenge to Nvidia

Amazon’s custom-chip division has hit a $20 billion run rate as the company prepares to sell its Trainium AI chips directly to external data centers, challenging Nvidia's market share.

State Street SPDW Outpaces Vanguard VWO With Lower Expenses in New ETF Analysis

A direct comparison reveals State Street's SPDW offers a lower expense ratio and higher dividend yield than Vanguard's emerging markets-focused VWO.

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