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Crude hits its lowest price since before the Iran war.
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<a data-linktext="Oil drops below $70 a barrel for the first time since March as Hormuz traffic resumes" data-linktype="Normal" style="color:#105C8E;text-decoration:none" target="_blank">
Oil drops below $70 a barrel for the
first time since March as Hormuz traffic resumes
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<div>
President Trump said Wednesday he has directed the Justice Department to investigate oil companies for failing to lower gas prices at the pump in proportion with falling crude costs, accusing the industry of "gouging" customers. WTI crude touched its lowest price since March 2 on
Wednesday, closing around $70 a barrel — but the national pump average still sits at roughly $3.91 a gallon, more than 14% below May's high but well above the $3.22 recorded a year ago. Industry groups pushed back, saying crude price declines typically take weeks to reach consumers.
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SPONSORED
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<h2 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:20px;color:#000000;font-weight:bold">
The Next Breakout Might Be in Your Pocket
</h2>
</td>
</tr>
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<td class="editor-cell-text td100" colspan="6" style="line-height:1.5;width:100%;background-color:#E9F2F9;padding:20px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#000000;mso-line-height-rule:exactly">
<div>
<span style="font-size:15px;color:#000000;background-color:rgba(0,0,0,0)">
Everyone’s hunting for the next Unicorn.
</span>
</div>
<div>
<br/>
</div>
<div>
<span style="font-size:15px;color:#000000;background-color:rgba(0,0,0,0)">
The type of “category disruptor” that grows fast and turns early believers into big
winners.
</span>
</div>
<div>
<br/>
</div>
<div>
<span style="font-size:15px;color:#000000;background-color:rgba(0,0,0,0)">
59,000+ investors think that
</span>
<a data-linktext="Mode Mobile" data-linktype="Normal" style="color:var(=-blue-cta-default);font-size:15px;background-color:rgba(0,0,0,0)" target="_blank">
Mode Mobile
</a>
<span style="color:#000000;font-size:15px;background-color:rgba(0,0,0,0)">
could be one of those rare finds.
</span>
</div>
<div>
<br/>
</div>
<div>
<span style="font-size:15px;color:#000000;background-color:rgba(0,0,0,0)">
Americans spend 4 ½ hours on their phones daily, and Mode Mobile is monetizing that screentime. With
</span>
<a data-linktext="$1B+ earned by over 490M customers" data-linktype="Normal" style="color:var(=-blue-cta-default);font-size:15px;background-color:rgba(0,0,0,0)" target="_blank">
$1B+ earned by over 490M customers
</a>
<span style="color:#000000;font-size:15px;background-color:rgba(0,0,0,0)">
and 32,481% revenue growth, Mode’s EarnPhone is turning smartphones into income generating assets.
</span>
</div>
<div>
<br/>
</div>
<div>
<span style="font-size:15px;color:#000000;background-color:rgba(0,0,0,0)">
Their previous raises sold out, and the company is now offering pre-IPO shares at $0.52/share
with up to 20% bonus, exclusive to early investors.
</span>
</div>
<div>
<br/>
</div>
<div>
<span style="font-size:15px;color:#000000;background-color:rgba(0,0,0,0)">
Being early is everything, and this window is still open.
</span>
</div>
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<!--[if !mso]><!-->
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Grab your pre-IPO shares at $0.52.
</a>
<!--<![endif]-->
<!--[if mso]><a href="https://www.ne16.com/t/10908626/222404108/9789596/3/1009235/?x=d1c2d4db" target="_blank"
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<div style="font-size: 10px">
<span style="color:#6C6B6B">
Please read the
</span>
<a data-linktext="offering circular" data-linktype="Normal" style="color:var(=-blue-cta-default)" target="_blank">
offering circular
</a>
<span style="color:#6C6B6B">
and related risks at
</span>
<a data-linktext="invest.modemobile.com" data-linktype="Normal" style="color:var(=-blue-cta-default)" target="_blank">
invest.modemobile.com
</a>
<span style="color:#6C6B6B">
. This is a paid advertisement for Mode Mobile’s Regulation A+
Offering.
</span>
</div>
<div style="font-size: 10px">
<br/>
</div>
<div style="font-size: 10px">
<span style="color:#6C6B6B">
Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
</span>
</div>
<div style="font-size: 10px">
<br/>
</div>
<div style="font-size: 10px">
<span style="color:#6C6B6B">
The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their
fiscal-year revenue growth percentage over a three-year period.
<span class="ql-cursor">
</span>
</span>
</div>
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<strong style="color: var(--blue-cta-default)">
<a data-linktext="The U.S. tech selloff goes global on AI spending fears." data-linktype="Normal" style="color:#105C8E" target="_blank">
The U.S. tech selloff goes global on AI spending fears.
</a>
</strong>
Anxiety over rising capital outlays drove a rout that hit memory chip stocks, rocked South Korea's Kospi, and ended the Nikkei's eight-day winning
streak. Defensive names Walmart and Johnson & Johnson rose as investors sought steadier ground.
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<a aria-label="Bloomberg / Getty Images" style="color:#168DD9" target="_blank" title="Bloomberg / Getty Images">
<img alt="Bloomberg / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2217725448.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODIzMTQyODAuMDc4NDY3MX0:1wcPMW:5Y_lKZDF82DgKSdzu0YNHqbfVqExfSiLhVRHwhiN63Q" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
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<div>
<strong style="color: var(--blue-cta-default)">
<a data-linktext="Oracle says it cut 21,000 jobs in the past year because of AI." data-linktype="Normal" style="color:#105C8E" target="_blank">
Oracle says it cut 21,000 jobs in the past year because of AI.
</a>
</strong>
The company nearly tripled capital spending to $55.7 billion to build AI infrastructure while shedding workers. Meta similarly cited AI in laying off 8,000 people. AI has been the leading cause of U.S. job cuts for the last three months.
</div>
</td>
</tr>
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<strong style="color: var(--blue-cta-default)">
<a data-linktext="Meta is building a prediction markets platform called Arena." data-linktype="Normal" style="color:#105C8E" target="_blank">
Meta is building a prediction markets platform called Arena.
</a>
</strong>
CEO Mark Zuckerberg pushed the development of the points-based app, which won't allow real-money wagering at
launch. Meta plans to use its 3.56 billion daily users as a pipeline. The sector saw $130 billion in trading volume in 2026 alone.
</div>
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<a aria-label="Ying Tang / NurPhoto via Getty Images" style="color:#168DD9" target="_blank" title="Ying Tang / NurPhoto via Getty
Images">
<img alt="Ying Tang / NurPhoto via Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2260170952.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODIzMTQyODAuMDc4ODk2fQ:1wcPMW:9hF8nFOhU745hQVgYbQFqsLcOM53MrhpK--QKP2j-PE" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
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<strong style="color: var(--blue-cta-default)">
<a data-linktext="Nvidia claims its AI factory cooling design eliminates water use." data-linktype="Normal" style="color:#105C8E" target="_blank">
Nvidia claims its AI factory cooling design eliminates water use.
</a>
</strong>
A closed loop recirculates coolant without drawing on external water, saving a 50-megawatt facility more than $4 million a year. Critics say the tally excludes consumption by power plants, which can double the real footprint.
</div>
</td>
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<a aria-label="Angela Weiss / Getty Images" style="color:#168DD9" target="_blank" title="Angela Weiss / Getty Images">
<img alt="Angela Weiss / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2228339013%2520%25281%2529.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODIzMTQyODAuMDc5MzIwN30:1wcPMW:w0JbvGu1ds9QikkqtSJbxpMrpFUM1CdUnVw66CHhHRo" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
</a>
</td>
<td class="editor-cell-text td100" colspan="4" style="background-color:#EFEFEF;padding:10px;font-size:15px;font-family:Arial,Helvetica,sans-serif;width:66.6667%;line-height:1.4;vertical-align:top;color:#000000;mso-line-height-rule:exactly">
<div>
<strong style="color:
var(--blue-cta-default)">
<a data-linktext="Pfizer's experimental lung cancer treatment falls short in a trial." data-linktype="Normal" style="color:#105C8E" target="_blank">
Pfizer's experimental lung cancer treatment falls short in a trial.
</a>
</strong>
The drug didn't help 703 patients with prior therapy live longer than
docetaxel, a common chemotherapy. The company bought it as part of its $43 billion Seagen purchase in 2023. A new test combining it with Merck's Keytruda is underway.
</div>
</td>
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1 day, 22 hours ago - alert@e.qz.com
News alert: Oil falls below $70
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