$141 Oil Prices Meet $4 Gas as Hormuz Blockade Shakes Economy

Brent crude oil prices spike to $141.36 per barrel and U.S. pump prices reach $4 as a Strait of Hormuz blockade rattles global energy markets.

$141.36. That is the price of a barrel of Brent crude in the spot market — the highest oil prices have reached since the 2008 financial crisis. The Strait of Hormuz blockade has cut off roughly 20% of the world’s daily oil supply, and the shockwaves are now rippling from gas stations to grocery aisles to Wall Street trading floors. Read more »

$66.6B Record: Foxconn AI Servers Overtake the iPhone

Foxconn AI servers generate T$2.13 trillion in Q1 2026 revenue, surpassing iPhone assembly income as the $66.6B record redefines the contract manufacturer's identity.

T$2.13 trillion — that is Foxconn’s top line for the first three months of 2026. The company that built its empire assembling iPhones now generates more revenue from Foxconn AI Servers than from any consumer gadget on earth. March alone hit T$803.7 billion, a 45.6% year-over-year surge and the highest single-month figure in the company’s history. Read more »

Oracle Layoffs: 30,000 Jobs Cut to Build $156B AI Empire

Oracle layoffs eliminate 30,000 jobs on March 31, 2026, the largest single-day workforce cut in company history, funding a $156B artificial-intelligence expansion.

Thirty thousand. That is how many Oracle layoffs hit on the morning of March 31, 2026 — the largest single-day workforce reduction in the company’s 47-year history. Roughly 18% of Oracle’s global headcount lost system access before their first cup of coffee, replaced not by cheaper labor but by rows of GPU racks in AI data centers worth $156B. Read more »