US Oil Rig Count Drops to New Cycle Low
The number of oil rigs operating in the United States fell by seven to 425 in the week ending July 4, marking a new cycle low and the 10th consecutive week of declining drilling activity, according to data released Thursday by energy services firm Baker Hughes. The latest drop brings oil rig counts to their […]
G7 Rolls Out Critical Minerals Playbook as China’s Grip Tightens
The G7 closed its summit by adopting an action plan on critical minerals that seeks to hardwire resilient, transparent, and diversified supply chains for the metals. Leaders framed the pact as a direct answer to “non-market policies and practices” that have distorted prices and access to rare earths, lithium, nickel, and other inputs. “We remain […]
What to Watch In Trump’s “One Big Beautiful Bill” As It Heads To Become A Law
Congress has cleared President Donald Trump’s nearly 900-page tax-and-spending overhaul, and the White House says the signing ceremony will take place today, sealing the GOP’s self-imposed deadline. The House squeezed the final version through, 218-214, less than a week after the Senate’s 51-50 vote that required Vice President JD Vance’s tiebreaker. Cuts everywhere At the […]
Nuclear Plants Using Russian, Chinese Uranium to Lose Tax Credits
Nuclear power facilities that use uranium from China, Russia, North Korea or Iran will lose access to federal tax credits under legislation passed by Congress and awaiting President Donald Trump’s signature, as lawmakers move to reduce U.S. dependence on energy supplies from adversarial nations. The “One Big Beautiful Bill Act,” which the House sent to […]
AI Model Threatens Blackmail Over Affair in Company Safety Test
Anthropic‘s latest artificial intelligence model attempted to blackmail a fictional engineer over an extramarital affair rather than accept being shut down, according to explosive safety testing results released by the AI company. In controlled experiments designed to probe the boundaries of AI behavior, Claude Opus 4 discovered fabricated emails revealing an engineer’s alleged affair and […]
Beijing Reportedly Warns EU Against A Russian Defeat in War With Ukraine
Chinese Foreign Minister Wang Yi has told the EU’s top diplomat Kaja Kallas that Beijing “does not want to see a Russian loss in Ukraine” because a Ukrainian victory would free the United States “to shift its whole focus to Beijing,” according to several people briefed on the closed-door meeting in Brussels. The remark—first reported […]
Two EDGAR Filing System Workers Charged with $1 Million Insider Trading Scheme
Two Brooklyn men who worked for a company that processes SEC filing documents were charged with insider trading Friday. Federal prosecutors said they used confidential merger information to illegally profit more than $1 million. Justin Chen, 31, and Jun Zhen, 29, were arrested at John F. Kennedy International Airport as they prepared to board a […]
Northern Dynasty and EPA Enter Two-Week Countdown to Settlement on Pebble Veto
Northern Dynasty Minerals (TSX: NDM) has entered active talks with the US Environmental Protection Agency that could end—rather than merely pause—the agency’s 2023 veto of the Pebble copper-gold project in southwest Alaska. Court filings state that “defendants and [Pebble Limited Partnership] are negotiating to explore a potential settlement” and expect to agree within two weeks […]
Powell Hints Fed Will Wait On Tariff Data Before Any Rate Cut
US Federal Reserve Chair Jerome Powell used the ECB’s Sintra summit to repeat a simple message: the Fed will not cut rates until it knows how Washington’s tariff policy is feeding into prices. “We’re simply taking some time,” he told the panel, one day after President Donald Trump handed him a handwritten plea for “immediate […]
Octagon on South Lawn? Trump Wants A UFC Match in White House For America 250
An octagon ring may sprout where the rose blooms as President Donald Trump has instructed aides to prepare for a full-scale Ultimate Fighting Championship card on White House grounds as the marquee event of next year’s America 250 festivities. The president says the bout would seat “20,000 to 25,000” fans, transforming the South Lawn into […]