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A senior U.S. official said Oman should know that the U.S. will “aggressively target” actors who facilitate waterway toll collection.Published May 28, 2026May 28, 2026The United States has threatened to “aggressively” impose sanctions on Oman if it helps Iran establish a toll collection system in the Strait of Hormuz, adding to President Donald Trump’s threats against the Gulf ally.U.S. Treasury Secretary Scott Bessent said Thursday that the United States “will not tolerate” either country imposing fees on commercial vessels in strategic waterways.Recommended stories list of 3 itemsend of list”Oman in particular should know that the U.S. Treasury Department will actively…
Israeli Prime Minister Benjamin Netanyahu announced Thursday that he has directed Israeli forces to occupy 70% of the Gaza Strip. Prime Minister Benjamin Netanyahu said in an interview at a news conference in the occupied West Bank that Israel was “strengthening” its grip on Hamas. “We are now in 60% of the territory of the Gaza Strip. It was 50% and we have moved to 60%,” he said. “My instructions are to move to 70 first. Do it in stages. Let’s start there.” Prime Minister Netanyahu spoke, and the audience called on him to take over all of Gaza. In…
Just ahead of Apple’s Worldwide Developers Conference (WWDC) in June, Bloomberg published leaked images of what Apple’s planned AI upgrades will look like on the iPhone (including a new Siri app meant to rival ChatGPT and other AI chatbots) and how Siri’s new features will be incorporated throughout the operating system. These images were created by Bloomberg based on information obtained from sources. You can still press a button to launch Siri in iOS 27, but the animations and responses will now appear from the iPhone’s Dynamic Island. This is the black pill-shaped area at the top of the screen…
Shoppers walk in front of a Kohl’s store in Mount Kisco, New York.Scott Mullin | CNBCkohls Shares rose 20% in Thursday morning trading after the company reported its best sales performance in four years. CEO Michael Bender told CNBC that the company “started knocking on the door to growth” this quarter.”We have shown that we are managing our business with great discipline and strong expense controls. Our inventory is much cleaner than it has been in the past, and our balance sheet continues to show strength,” Bender said.The company said its fiscal first quarter net sales declined 1.7% and like-for-like…
Passengers stand at the international arrival gate at JFK International Airport in New York on June 16, 2025. Charlie Tribalew | AFP | Getty ImagesA group representing the nation’s largest airlines and hotel chains has denounced the Trump administration’s potential suspension of customs and immigration inspections at “sanctuary city” airports, warning that such a move could have “catastrophic” consequences for the industry.Homeland Security Secretary Mark Wayne Mullin said in an interview Tuesday night on Fox News’ “Hannity” that if “the radical left of the Democratic Party” won’t allow the government to “enforce federal law…we shouldn’t be flying international flights to…
New data shows that in countries where heavy-duty trucks are important, pickups and SUVs account for the lion’s share of auto loans with high monthly payments of $1,000 or more.Experian Automotive analyzed more than 5 million auto loans and leases opened in the first quarter and found that nearly 19% of new car loans included monthly payments of at least $1,000. This is an increase from approximately 17.4% compared to the same period last year. “People think it’s all luxury, highline, but that’s not really the case,” said Melinda Zabritsky, director of automotive financial insights at Experian Automotive.Almost 74% of…
Oura announced its latest smart ring on Thursday. This is smaller than what any company offers.Oura Ring 5 will be 40% smaller than Oura’s previous generation rings, the company says. It said the ring maintains the same level of sensing, tracking and accuracy as previous generations.”We’ve finally achieved what I think is a true technological miracle,” Oura CEO Tom Hale said in an interview with CNBC’s Andrew Ross Sorkin on Thursday. “This is something our members have been asking us for years,” he said. “This was a technical challenge. There are physics involved in the size of the battery and…
The intense demand for computers to run AI models will only accelerate, but there are two major hurdles that everyone in business will need to overcome. It’s about getting the right chips and getting them into data centers where they can generate revenue. General Compute, a new inference neocloud (a company that rents AI processing power and specializes in the phase where models are executed and respond to users, rather than being trained) has the answers to these questions that reveal where the AI ecosystem is headed. These answers helped us raise a $15 million seed round at a $60…
Inflation continues to hit consumers’ wallets in April, according to the latest price data released Thursday, and the Federal Reserve is likely to remain on the sidelines until the current wave subsides.The Commerce Department reported that the personal consumption expenditure price index rose a seasonally adjusted 0.4% in the month, bringing the 12-month inflation rate to 3.8%. Economists surveyed by Dow Jones had called for readings of 0.5% and 3.8%, respectively.Core prices excluding food and energy rose 0.2% last month and 3.3% for the year, compared to expectations of 0.3% and 3.3%.While the annual rate was in line with expectations,…
Silver bars are stacked at the Perth Mint refinery operated by Gold Corporation in Perth, Australia, on February 5, 2026.Matt Jelonek | Bloomberg | Getty ImagesAnalysts say silver’s ferocious rally in 2025 is creating a demand-destroying situation among buyers of the precious metal, which could push prices further down from last year’s highs. The metal’s wide range of industrial uses means it is more susceptible to business cycles than gold as an essential component in a variety of products, from computers and mobile phones to solar panels and cars. UBS said in a May 22 note that the rise in…