Berkshire Hathaway bets $6.8 billion on housing with Taylor Morrison deal

Fertitta to acquire Caesars Entertainment for nearly $6B. The deal includes iconic Las Vegas brands like Golden Nugget, Rainforest Cafe, and Morton's.

Caesars Entertainment is being acquired by Fertitta, owner of Golden Nugget and other chains, for nearly $6 billion.

US SPR drops to 1.584 billion barrels, lowest since April 2024 and overall since 2003, as Iran conflict strains global supply. S&P Global estimates 1.2 billion barrels lost via Hormuz disruption.

The volume of the US Strategic Petroleum Reserve (SPR) has decreased to a minimum level since April 2024 due to the conflict with Iran. At the end of last week, the US Department of Energy reported that oil and petroleum product reserves in the SPR currently stand at 1.584 billion barrels and continue to decline. The last time oil reserves in US strategic storage were below 1.5 billion barrels was in March 2003. S&P Global Energy notes that due to disrupted traffic in the Strait of Hormuz, the global oil market has lost 1.2 billion barrels of oil.

Foreign central bank holdings of US Treasuries fall to lowest level since 1990s.

Foreign central bank holdings of US Treasuries have fallen to their lowest level since the 1990s.

US moves to block Nvidia, AMD AI chip sales to Chinese-owned entities abroad, closing loophole left after Trump ended Biden-era export restrictions in May 2025.

The United States is moving to block potential sales of NVIDIA and AMD's most advanced AI chips to Chinese-owned entities abroad, closing a perceived loophole left after the Trump administration ended enforcement of Biden-era global chip export restrictions in May 2025.