Author: GT

Oil futures jumped more than 2% at the start of the first trading session since the U.S. launched direct attacks against Iran, casting a shadow over the supply outlook in the embattled oil-rich Middle Eastern region.U.S. crude oil on Sunday evening rose $1.76, or 2.38%, to $75.60 per barrel, while global benchmark Brent was up $1.80, or 2.34%, to $78.81 per barrel. Brent had jumped 5.7% to crack $81 before easing.President Donald Trump on Saturday surprised markets with the announcement that Washington had directly entered the Iran-Israel conflict, launching attacks against three Iranian nuclear sites in Fordo, Natanz and Isfahan. Investors…

Director Danny Boyle famously shot his post-apocalyptic classic “28 Days Later” on Canon digital cameras, making it easier for him to capture eerie scenes of an abandoned London, and giving the movie’s fast-moving zombies a terrifying immediacy. To make his decades-later sequel “28 Years Later” (which opened this weekend), Boyle turned to a different piece of consumer tech — the iPhone. Boyle told Wired that by using a rig that could hold 20 iPhone Pro Max cameras, the filmmaking team created “basically a poor man’s bullet time,” capturing the brutal action scenes from a variety of angles. Even when he…

Bitcoin fell to its lowest level since May over the weekend, as rising tensions in the Middle East and renewed inflation fears triggered a sharp selloff across digital assets.Bitcoin dropped below the $99,000 mark on Sunday — its lowest point in more than a month — as the crypto market became the first to react to escalating geopolitical risk.Bitcoin is trading around $99,380, down more than 2% over the past 24 hours, while ether has dropped 5% to below $2,200. Solana, XRP, and dogecoin also posted sharp losses, dragging the entire crypto complex deep into the red.The selloff appears to…

Tesla has started giving rides in driverless Model Y SUVs in Austin, a decade after CEO Elon Musk began making — and breaking — myriad promises about his company’s ability to launch such a service.  The rollout will become the first big test of Musk’s belief that it’s possible to safely deploy fully autonomous vehicles using just cameras and end-to-end AI – an approach that differs from other players in the space like Waymo.  On Sunday, numerous videos shared on social media as well as sources in the city, confirmed what Musk has been teasing for months: that the rides…

A Republican effort to prevent states from enforcing their own AI regulations cleared a key procedural hurdle on Saturday. The rule, as reportedly rewritten by Senate Commerce Chair Ted Cruz in an attempt to comply with budgetary rules, would withhold federal broadband funding from states if they try to enforce AI regulations in the next 10 years. And the rewrite seems to have passed muster, with the Senate Parliamentarian now ruling that the provision is not subject to the so-called Byrd rule — so it can be included in Republicans’ “One Big, Beautiful Bill” and passed with a simple majority,…

Satellite image of the Strait of Hormuz, a strategic maritime choke point with Iran situated at the top with Qeshm Island and the United Arab Emirates to the South. Imaged 24 May 2017.Gallo Images | Getty ImagesU.S. Secretary of State Marco Rubio on Sunday called for China to prevent Iran from closing the Strait of Hormuz, one of the most important trade routes for crude oil in the world.”I encourage the Chinese government in Beijing to call them about that, because they heavily depend on the Straits of Hormuz for their oil,” Rubio said in an interview on Fox News.…

In 2018, when Bitcoin was trading around $4,000 and most Americans, at least, thought cryptocurrency was a fad, Katie Haun found herself on a debate stage in Mexico City opposite Paul Krugman, the Nobel Prize-winning economist who had dismissed digital assets as near worthless. As Krugman focused on Bitcoin’s wild price swings, Haun steered the conversation toward something else — stablecoins. “Stablecoins are really interesting and really important to this ecosystem to hedge against that volatility,” she argued on stage, explaining how digital tokens pegged to the U.S. dollar could offer the benefits of blockchain technology without the ups and…

It’s now or never — this is your final day to lock in savings for TechCrunch All Stage, happening July 15 in Boston. Prices increase tonight, June 22, at 11:59 p.m. PT. If you’ve been thinking about attending, now’s the time to commit. Register here. TC All Stage brings together founders, investors, and operators from across the startup landscape for one high-intensity day of strategy, storytelling, and startup momentum. Whether you’re building something new or backing what’s next, this is the room to be in. It’s not just what you’ll hear — it’s who you’ll meet At TC All Stage,…

Refrigerated containers of Maersk shipping lines are stacked at the container terminal of Bremerhaven port on April 22, 2025 in Bremerhaven, Germany.Focke Strangmann | Getty Images News | Getty ImagesThe world’s largest direct-membership organization for shipowners, charterers, shipbrokers, and agents is warning that while it is still unclear how Iran will respond to Saturday’s U.S. attack on Iran’s nuclear facilities, the threat to commercial shipping in the waters around the Arabian Peninsula has risen.”The Houthi threat against shipping in the Red Sea and Gulf of Aden has also gone up,” said Jakob Larsen, head of security at Bimco, which represents…

While LinkedIn users seem to have embraced AI, there’s one area that’s seen less uptake than expected, according to CEO Ryan Roslansky: AI-generated suggestions for polishing your LinkedIn posts. “It’s not as popular as I thought it would be, quite frankly,” Roslansky told Bloomberg. When asked why, he argued that the “barrier is much higher” to posting on LinkedIn, because “this is your resume online.” Plus, users can face real backlash if they post something that’s too obviously generated by AI. “If you’re getting called out on X or TikTok, that’s one thing,” he added. “But when you’re getting called…