Admin

Article

Diesel tops $6.50 to set new record as energy shocks grow

U.S. diesel prices topped $6.50 for the first time on Monday, with the war in Iran straining supplies and threatening further inflation. Prices have surged more than 87 cents in September, according to AAA, with consequences for the broader economy, since diesel powers everything from shipping to farming to manufacturing. Meanwhile, energy markets are also suffering from an unexpected issue — the cost of operating tankers has risen 12-fold in the last year to over $1 million a day. "The price of shipping tells the story," notes NCCapital's Adam Hanafi.

Sep 21, 2026 3 min read 0 likes 0 comments

Oil

Article

Paramount in $1.5B talks with Calif. to finalize merger

Paramount is discussing a settlement with California's attorney general that includes a $1.5 billion investment in the state and a promise not to leave, The Wall Street Journal reports, citing unnamed sources. Multiple states have sued to stop Paramount's $81 billion merger with Warner Bros. Discovery, and advanced talks have included a promise not to sell either studio lot, as well as the installation of a board to maintain CNN's independence. If Paramount fails to honor a pledge to release 30 movies a year, it could be forced to sell its stake in Miramax.

Sep 21, 2026 3 min read 0 likes 0 comments

Article

Airbnb commits $250M to affordable housing projects

After years of fielding criticism that its business model contributes to rising housing costs, Airbnb has pledged at least $250 million to support affordable housing. Co-founder and CEO Brian Chesky wrote on LinkedIn, "I know there will be skepticism about this, and that's okay." The funds will go to help developers finance multifamily housing projects, with the first tranche of about $6 million earmarked for a 200-unit development in Austin, Texas.

Sep 16, 2026 3 min read 0 likes 0 comments

Technology

Article

Meta's Zuckerberg rejects calls to slow AI development

Mark Zuckerberg has joined the debate over AI safety, and his position is to trust the "natural incentive" companies have to deliver a safe and effective product. Posting on social media, the Meta CEO opposed calls championed by Dario Amodei of rival Anthropic to collectively slow the development of advanced models. Zuckerberg noted that Meta unilaterally paused the release of its latest Muse tools "to focus on safety and security." Says Bain Capital Ventures partner Saanya Ojha: "Taking the warnings seriously is not the same as taking the CEOs at their word."

Sep 16, 2026 3 min read 0 likes 0 comments

Technology

Article

OpenAI could score a $1.2T valuation — even before its IPO

OpenAI is in talks for another massive private funding round that could raise its valuation to about $1.2 trillion, the Financial Times reports, citing anonymous sources — even before its expected blockbuster IPO. The discussions come at the behest of the investors, the sources say, who just months ago poured $122 billion into the ChatGPT maker. The details could change, but as one LinkedIn member notes, "When investors bring you money themselves, there’s no rush to go public."