Posts by Amelia Frost
Venezuela Is Still Reeling From Devastating Twin Earthquakes a Month Ago. Business And Workers Are Struggling To Recover
While families are still searching for missing loved ones and others are trying to work out where they will live after Venezuela’s twin earthquakes on 24 June, many are now facing another challenge: how to earn a living. Scores of businesses have been destroyed or forced to close after the buildings they operated from collapsed,…
Read MoreIntel Posts Fastest Revenue Growth in Nearly 15 Years on AI Boom. But The Stock Still Fell
Intel just delivered its strongest quarterly revenue growth in nearly 15 years, beating Wall Street expectations as surging demand for artificial intelligence infrastructure fueled sales of its data center processors. Yet despite the upbeat results and stronger-than-expected guidance, investors sent the company’s shares lower following the earnings report. The semiconductor giant reported second-quarter revenue of…
Read MoreSam Altman’s World Network Just Raised Another $52.5 Million. It’s Betting More People Will Need To Prove They’re Human
World Network, the digital identity project backed by OpenAI CEO Sam Altman, has secured $52.5 million in fresh funding as it expands efforts to verify human identities online amid growing concerns over bots, impersonation and deepfakes. The development comes at a time when governments and technology companies are increasingly grappling with the impact of artificial…
Read MoreIran Seeks To Maintain Its Chokehold Of Hormuz. The U.S. And The U.K. Are Set To Meet To Put An End To It
The U.S. and the U.K. are set to convene a high-level meeting next week to discuss a potential international coalition to guarantee safe passage through the Hormuz Strait as Iran seeks to exert control of the key waterway, according to a new report. Axios detailed that the meeting is set to take place in London…
Read MoreU.S. And Iran Continue To Escalate. China Began a Push To Bring Them Back To The Negotiating Table
Pakistan began a new China-led push to get the U.S. and Iran to negotiate, according to a new report. Reuters detailed that the country began exploratory discussions during a recent visit from the Iranian Interior Minister to Islamabad this week. Eskandar Momeni is considered close to the country’s powerful revolutionary guard and met with Pakistani…
Read MoreOil Has Topped $100 As The Iran War Escalates. Now Analysts Say Gas Prices Could Surge Even Higher
American drivers may not have seen the worst of the pain at the pump yet, as energy analysts warn gasoline prices are poised to rise further after oil markets began pricing in the growing impact of the war involving Iran and the mounting disruption to global energy supplies. National average gasoline prices have already climbed…
Read MoreThe World’s Oil Tankers Are Seeking To Flee Hormuz. The Bill Is $2.5 Million Per Ship
The escalating security crisis around two of the world’s most important maritime chokepoints is dramatically increasing the cost of moving oil, forcing tankers to sail thousands of extra miles, adding weeks to delivery times and millions of dollars in extra costs. According to a Reuters analysis, the combined disruption of the Strait of Hormuz and…
Read MoreWNBA Players With Signature Shoes—and How to Buy Them
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WNBA tunnel walks may be the new runway, but the basketball court has always doubled as a fashion show for sneakerheads. After all, nothing stands out in a sea of matching jerseys than a pair of flashy kicks, especially when the woman wearing them had a hand in their design. Who better to test drive…
Read MoreLarry Sharpe on What Replaced the American Dream: “The Empire Is Falling”
Larry Sharpe does not believe democracy is on the ballot for the 2026 midterms, and he has a simple test for anyone who says otherwise. If the Democratic establishment truly thought Trump-backed Republican victories meant no more elections, he argues, they would not have run Kamala Harris in 2024. Every ambitious name quietly circling 2028…
Read MoreThe Trump Economy: Less Hiring As Record 105 Million Americans Sit Outside Labor Force
KEY POINTS Private-sector hiring has slowed sharply, with ADP data showing weekly job growth down roughly 60% from its early May peak. A record 105.8 million Americans are classified as not in the labor force, even as unemployment remains historically low. Economists are watching whether AI adoption, policy shifts and broader economic trends are reshaping…
Read MoreThe Houthis Are Striking Ships Carrying Saudi Oil In The Red Sea. Tankers Are Seeking Other Routes
Some tankers are avoiding the Red Sea and will sail to Asia through the Suez Canal after the Houthis began striking ships carrying Saudi oil in the waterway, a new report detailed. Reuters cited the example of a Danish-flagged tanker carrying oil products called Torm Innovation. A spokesperson told the outlet that “given the security…
Read MoreBitcoin ETFs Just Pulled In $1 Billion, It Recovered Only 15% of June’s Losses.
US spot Bitcoin ETFs just posted their best stretch in 11 weeks, stringing together seven straight inflow sessions worth nearly $1 billion through July 22. BlackRock’s IBIT swallowed $319.16 million of the $499.05 million added this week alone, topping every single session. Then the music stopped. Yesterday’s session closed with roughly $225 million in outflows,…
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