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IEA agrees to record release of emergency oil reserves in an effort to calm surging prices - AP News
The International Energy Agency has agreed to release the largest volume of emergency oil reserves in its history, in a bid to counter the effects on energy markets of the war in the Middle East. The Paris-based organization said Wednesday that it will make 4…
Former Starbucks CEO Howard Schultz leaves Seattle as local lawmakers mull millionaire tax - CBS News
Howard Schultz said he and his wife will move to Florida as Washington weighs a roughly 10% annual tax on earnings over $1 million.
Private credit crisis is a result of 'really bad underwriting' - PIMCO - Seeking Alpha
The ongoing crisis in private credit is the result of bad underwriting, according to Christian Stracke, president and head of APAC and EMEA at Pacific Investment Management Company.
US Stock Futures Fluctuate as Brent Hits $90 Again: Markets Wrap - Bloomberg
Wall Street traders hit by geopolitical worries kept a lid on stocks and bonds, with oil surging after the release of stockpiles from rich nations was seen as just a reprieve as the war in Iran drags on.
Meta didn’t buy Moltbook for bots — it bought into the agentic web - TechCrunch
Meta’s Moltbook acquisition may look odd at first, but the deal could signal how Meta sees AI agents shaping future advertising and commerce on an agentic web. Why did Meta buy Moltbook? It wasn’t for the bots' posts.
Nvidia Invests $2 Billion In Nebius To Fund AI Data Center Buildout - Investor's Business Daily
Nvidia plans to invest $2 billion in Nebius to help the company expand its AI data center infrastructure. Nvidia stock rose.