Used Supertankers Are Selling for More Than Brand-New Ones, and the Industry Is Stunned
A Market That Defies Common Sense The value of older supertankers has exceeded new-build vessels for the first time on brokers’ records, as shipowners rush to take advantage of high freight rates in the Gulf. In almost any industry, a used product sells for less…
Facebook Found Guilty of Deceiving Millions of Users and Could Face a $200 Billion Penalty
A Landmark Verdict Against Meta A Santa Fe jury found Facebook liable on Friday, September 25, 2026, for deceiving users about platform privacy protections, marking a major legal defeat for parent company Meta Platforms in over 43 million violations of New Mexico consumer protection law….
Nearly 168,000 Pounds of Meat Recalled After Company Faked Federal Inspection Labels
A Counterfeit Seal and a Massive Recall When you pick up a package of meat at a grocery store or order a dish at your favorite restaurant, you trust that what’s on the label is true. That trust was shattered this week when federal officials…
Costco Crushes Earnings But a Slowing Membership Trend Rattles Investors
Strong Numbers, Muted Reaction Costco delivered another strong quarter on paper — and Wall Street shrugged anyway. The warehouse retail giant posted its fourth-quarter fiscal 2026 results after the closing bell on September 24, beating estimates on both the top and bottom lines. The company…
Oil Price Retreat Offers Battered Bond Markets a Fragile Lifeline
A Brief Reprieve After Months of Market Turmoil Global bond markets caught a rare break this week as oil prices eased from punishing recent highs, offering debt investors their first sustained moment of relief in what has been a brutal seven-month stretch. Hopes for a…
Treasury Yields Hit 19-Year High Sending Stocks Tumbling and Rate Hike Odds Soaring
A Bond Market Shock Rattles Wall Street The bond market delivered a gut punch to investors on Wednesday, September 23, sending stocks into a sharp retreat and reigniting fears of additional Federal Reserve rate hikes. The 10-year Treasury yield surged 15 basis points to 5.11%,…
Apple Owes Millions of iPhone Owners Up to $95 — Here’s How to Claim Yours
The Lawsuit Behind the Payout Apple agreed to pay $250 million to settle claims that it misled customers about Siri’s Apple Intelligence features. Customers who were part of the class action lawsuit said they purchased iPhones expecting certain Siri features they allegedly did not receive….
Nasdaq Soars to All-Time High as Meta’s AI Assistant Ignites a Market Frenzy
A New Record Built on Artificial Intelligence The Nasdaq Composite rose 122.18 points, or 0.45%, to a record close of 27,244.28 on Tuesday, September 22 — its second consecutive record — after hitting a new all-time intraday high of 27,288.79, as the AI-agent rally sparked…
SoftBank Bets $11 Billion on AI’s Future With Record Junk Bond Sale
A Historic Debt Deal With One Clear Destination Masayoshi Son’s SoftBank Group Corp. pushed through one of the largest junk-bond offerings on record, dangling yields above anything it has paid before in an effort to fund its massive AI ambitions. The sheer scale of the…
Chip Stocks and Wall Street Surge as Oil Prices and Bond Yields Both Drop
A Rare Double Tailwind Lifts Markets Wall Street caught a meaningful break on Tuesday, September 22, when two of the market’s most stubborn headwinds — elevated oil prices and rising Treasury yields — retreated at the same time. The result was a broad rally that…
