March 11, 2026
Morning brief: Asia stocks rise, Trump unveils US refinery
On Wednesday, Oil prices fluctuated as policymakers discussed emergency measures to stabilize energy markets, while Asian equities rebounded after a brief retreat in crude prices. At the same time, US President Donald Trump announced plans for the first new American oil refinery in five decades, and disruptions to Qatar’s LNG exports raised concerns about tighter […]
March 11, 2026
Rubio designates Afghanistan as ‘state sponsor of wrongful detention’: ‘Despicable tactics’
U.S. Secretary of State Marco Rubio designated Afghanistan as a ‘state sponsor of wrongful detention,’ accusing the Taliban of ‘unjustly’ detaining Americans and other foreign nationals. In his announcement on Monday, Rubio said the Taliban continues to use ‘terrorist tactics’ that he insisted ‘need to end.’ ‘I am designating Afghanistan as a State Sponsor of […]
March 11, 2026
Here’s why the ASX 200 Index and AUD/USD are rising this week
The Australian dollar, local bonds, and the ASX Composite are rising this month as the country becomes an unusual haven among investors. The AUD/USD exchange rate jumped to its highest point since 2022, while the ten-year government bond yields dropped from this week’s high of 5% to the current 4.80%. Similarly, the ASX 200 Index, […]
March 11, 2026
Trump says Reliance to back first new US oil refinery in 50 years
US President Donald Trump said the United States will see its first new oil refinery built in five decades, backed by investment linked to India’s Reliance Industries. Trump announced the project in a post on Truth Social, saying the refinery will be located in Brownsville, Texas, and developed by America First Refining. “I am proud […]
March 11, 2026
Oracle stock is offering its AI future for free today: find out more
D.A. Davidson’s senior analyst Gil Luria continues to see Oracle (NYSE: ORCL) as exceptionally cheap at about 25x forward earnings, despite an 8% rally after Q3 earnings late on Tuesday. Oracle came in handily above Street estimates in its third financial quarter and cited solid artificial intelligence (AI) tailwinds as it guided for a better-than-expected […]
March 11, 2026
Speaker Johnson touts Trump’s agenda as crucial blueprint ahead of midterms: ‘On the ballot’
House Speaker Mike Johnson, R-La., signaled Tuesday that Republicans will continue to closely align themselves with President Donald Trump as the November midterms creep closer. ‘The American people are going to understand he is on the ballot, at least in a metaphorical sense, because if we were to lose the midterms, everybody knows the chaos […]
March 11, 2026
DOJ blasts ‘partisan’ DC Bar complaint against senior Trump official
A senior Trump administration official and former acting U.S. attorney for D.C. is under disciplinary review for his role in President Donald Trump’s anti-diversity, equity, and inclusion initiative — sparking outrage from the Justice Department, which assailed alleged ethics violations against Ed Martin as a ‘partisan’ effort, and one that unfairly targets Trump and his […]
March 11, 2026
US strike on key Iran oil hub would fit Trump’s ‘energy dominance doctrine,’ expert says
Kharg Island, which handles the bulk of Iran’s crude exports and was once floated by President Donald Trump as a potential target could spark broader regional instability and attacks on energy infrastructure if struck by the U.S., a leading energy security expert has warned. Reports indicate the Trump administration is weighing options that could include […]
March 11, 2026
Trump says his bill would ‘guarantee the midterms.’ House Republicans are moving on.
DORAL, Florida — President Donald Trump told House Republicans Monday he had one overriding legislative priority for 2026. Then they spent Tuesday talking about just about anything else. Trump’s demand for passage of an updated SAVE America Act — a GOP elections bill that the House has advanced two versions of already — was met […]
March 10, 2026
Putin caught executing enormous ‘semi-dark’ ship-to-ship oil transfer in Gulf of Oman
Russia has turned to its so-called ‘shadow fleet’ to carry out a roughly $29.3 million ‘semi-dark’ ship-to-ship oil transfer in the Gulf of Oman, deliberately sidestepping Western sanctions, according to reports. Maritime intelligence firm Windward AI reported on March 8 that the Russian-flagged tanker M/V TRUST, a vessel already blacklisted by the U.S., European Union […]
March 10, 2026
Oracle Q3 earnings are in, and cloud numbers are hard to ignore
Oracle has given Wall Street a turbulent ride over the past six months. The stock surged 36% after its first-quarter results, only to tumble 12% following the second quarter, even though revenue beat expectations. Now, with third-quarter results released after Tuesday’s close, Oracle is making its case again. Early signs suggest the market is listening, […]
March 10, 2026
Volkswagen to slash 50,000 jobs as profits plunge and tariffs bite
Volkswagen will cut 50,000 jobs in Germany by 2030, following a sharp decline in profits and mounting pressure from US tariffs, weaker demand in China and North America, and higher costs associated with electrification. Europe’s largest automaker said the reductions will span the entire group, including Audi and Porsche, and form part of a broader […]