Trump's tariffs on Mexico, Canada to take effect Tuesday
Previously announced 25% tariffs on goods from Mexico and Canada will...
Previously announced 25% tariffs on goods from Mexico and Canada will take effect today as well as an additional 10% tariff on Chinese imports, said President Donald Trump, citing insufficient progress in curbing the flow of fentanyl into the US. The move coincides with China's annual parliamentary meetings, potentially escalating tensions as Beijing has yet to announce countermeasures. Mexican and Canadian officials are in Washington to discuss the tariffs.
The Haynesville Shale will play a key role in meeting new natural gas...
The Haynesville Shale will play a key role in meeting new natural gas demand from upcoming LNG export facilities, but operators are unlikely to boost production until prices reach at least $5 per Mcf, according to energy executives and analysts. Even then, infrastructure constraints could cap its new supply contribution at just 4 to 6 Bcf/d.
Anthropic secures $61.5 billion valuation after funding round
The company behind the AI chatbot Claude ...
The company behind the AI chatbot Claude raised $3.5 billion from investors including Salesforce, Cisco, Jane Street, and Fidelity. With the new funds, Anthropic wants to expand its computational capacity and its presence in Asia and Europe. Also included in the funding update was confirmation that Amazon’s new Alexa+ personal assistant is powered by Claude. Amazon’s stake in Anthropic is currently worth approximately $8 billion.
DOGE erased or altered 40% of the contracts listed on its website. The...
DOGE erased or altered 40% of the contracts listed on its website. The “wall of receipts” maintained by the government efficiency initiative removed or changed a significant amount of its claims of taxpayer savings, according to the New York Times, including “five of the seven largest savings that it had claimed credit for just last week.” DOGE first posted on Feb. 19 that it had clawed back $16 billion. Since then, the total has been revised to less than $9 billion. But the wall is not a complete reckoning. The DOGE website now includes language putting responsibility for the reported dollar amounts on federal agencies, saying the figures “originate directly from agency contracting officials.”
Honor, a Chinese smartphone manufacturer, rolled out a device with deepfake detection technology ahead of the Mobile World Congress.
James Harrison, a blood donor from Australia who had a rare antibody that saved 2.4 million babies, died at age 88.
RFK Jr. voiced support for the measles vaccine amid the deadly outbreak in Texas.
Kroger Chairman and CEO Rodney McMullen stepped down following a board investigation into his personal conduct, which the supermarket giant said was unrelated to the company’s business.
Kremlin Spokesperson Dmitry Peskov said the Trump administration “largely aligns with our vision.”
Oil prices end lower on plans for OPEC+ output hike and Trump’s tariffs
Oil futures ended lower Monday after the major producers known as OPEC+...
Oil futures ended lower Monday after the major producers known as OPEC+ said they will boost output starting in April, and as President Donald Trump’s planned tariffs on imports from Canada and Mexico threatened to slow demand for energy.
Traders also weighed prospects for a Ukraine peace deal after Friday’s public clash between Trump and Ukrainian President Volodymyr Zelensky in the Oval Office. Prices for oil, meanwhile, failed to find support from an improvement in Chinese economic data.
West Texas Intermediate crude for April delivery fell $1.39, or 2%, to settle at $68.37 a barrel on the New York Mercantile Exchange, after posting a sixth straight weekly decline on Friday.
May Brent crude the global benchmark, lost $1.19, or 1.6%, at $71.62 a barrel on ICE Futures Europe.
April gasoline shed 1.6% to $2.19 a gallon, while April heating oil fell 2.4% to $2.26 a gallon.
Natural gas for April delivery settled at $4.12 per million British thermal units, up 7.5% after last week’s 7.1% loss.
