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US-Sanctioned Supertanker With Iran Oil Halts Hormuz Transit
A US-sanctioned supertanker laden with Iranian oil appeared to halt its transit through the Strait of Hormuz on Friday, with traffic through the waterway otherwise at a virtual standstill.
The Yuri, carrying 2 million barrels of crude loaded from Kharg Island, re-appeared on ship-tracking platforms Kpler and Vortexa off Sirri Island earlier this week, after having stopped signaling its location for days. The tanker, which began heading toward Hormuz late Thursday, came to a stop near Larak Island, ship tracking data show.
Hedge Fund at Center of Avis Squeeze Added to Stake Before Rout
Avis Budget Group Inc.’s second-biggest shareholder Pentwater Capital Management LP boosted its stake in the car rental company just before the stock’s nearly 70% rout.
Pentwater exercised about 7,400 call options, which give the buyer the right to buy the underlying security, acquiring 741,100 shares in Avis and pushing their stake in the company to 22.2%, according to a regulatory filingBloomberg Terminal released late Thursday.
‘Bubble’ Signal Flagged by BofA as Tech Stocks, Volatility Soar
A record-smashing rally in technology megacaps has rekindled bubble warnings at Bank of America Corp.
To the firm’s strategists, a pattern similar to the dot-com bubble is playing out in the Nasdaq 100 Index, which has risen in tandem with the gauge’s measure of 10-day realized volatility for 14 of the 16 days through Wednesday. That’s a departure from a historical trend when price swings subside as shares rise.
China’s DeepSeek Unveils AI Model To Challenge Anthropic, OpenAI | The Pulse 4/24
Apr 24th, 2026
China’s DeepSeek Unveils AI Model To Challenge Anthropic, OpenAI | The Pulse 4/24
“The Pulse With Francine Lacqua” is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Today’s guests:
Wei Li, BlackRock, Global Chief Investment Strategist; Clemens Fuest, Ifo Institute, President; Clément Therme, International Institute for Iranian Studies, Non-Resident Fellow; Francesca Ghiretti, RAND, Europe China Initiative Director.
The Shape of a Deal to Come
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Kevin Warsh is not prepared to say that Donald Trump lost the 2020 election. Senator Elizabeth Warren calls him a “sock puppet” and wants to know much more about his $150 million fortune. Warsh wants to maintain the Federal Reserve’s freedom to set monetary policy but concedes that the central bank is “independent inside of government, not independent of government.”
