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Hong Kong’s First Chief Executive Tung Chee-hwa Dies at 89
Tung Chee-hwa, Hong Kong’s first chief executive who steered the city through the 1997 handover and the Asian financial crisis, has died at 89. He served from 1997 to 2005.
Gas Hits Record $4.15 on Labor Day as Iran War Strains Oil Supply
U.S. gas prices hit a record $4.15 per gallon for Labor Day 2026, nearly $1 higher than last year. The Iran War and Strait of Hormuz blockade are constraining global oil supply.
Vance Says Iran Conflict Isn’t a War as US Strikes Continue, Midterm Pressure Mounts
VP Vance says the US-Iran conflict is not a war and won’t commit to a timeline for ending the six-month conflict that has killed 18 US troops and wounded 790 others.
US Strikes Iran’s Larak Island; Oil Jumps Above $90 on August 31
U.S. forces struck two Iranian rocket launchers on Larak Island on August 31, the first attack in weeks. Iran fired back with missiles at Jordan bases and drones at UAE targets. Brent crude jumped 2.7% to $90.49.
US Strikes Iran’s Larak Island; Tehran Retaliates With Missile Attacks on Jordan Bases
US forces struck Iranian launchers on Larak Island on August 30 to prevent sea mine placement in the Strait of Hormuz. Iran retaliated with missile attacks on US bases in Jordan; all incoming missiles were intercepted.
US Navy Blockade Cuts Iran Oil Exports 80% as Trump Shifts to Economic Warfare
US Navy blockade reduces Iran’s August oil exports 80% to 260,000 bpd. Trump administration launches Operation Economic Outcast to cut remaining revenue sources as economic warfare replaces military strikes.
Autodesk (ADSK) Stock Falls 4% Despite Q2 Earnings Beat as Fiscal 2027 Guidance Disappoints
Autodesk (ADSK) stock fell about 4% on August 28, 2026, even after the company beat Wall Street estimates in its fiscal second-quarter results. Autodesk posted $2.05 billion in revenue and $3.30 in adjusted EPS, both above expectations. Investors quickly turned their attention to the fiscal 2027 outlook. The strong Q2 numbers were not enough to…
Oil Flows Through Strait of Hormuz Recover to Two-Thirds of Pre-War Levels, Goldman Sachs Says
Goldman Sachs said Thursday that oil flows through the Strait of Hormuz have recovered to roughly two-thirds of pre-war levels. Total Gulf exports of crude and oil products have climbed to 15 million to 16 million barrels per day. Goldman Sachs said the recovery is limiting the Iran war’s overall impact on global crude prices….
Ola Electric Shares Jump 6% to ₹39.77 After Launch of S1Z Scooters With Bharat Cell Technology
Ola Electric shares jumped 6% to around ₹39.77 on Friday, August 28, 2026. The rally followed the launch of the S1Z, the company’s first mass-market scooter using its indigenous Bharat Cell LFP technology. Ola Electric aims the S1Z at India’s largest electric two-wheeler buying segment. What the S1Z Brings to Market The S1Z uses Ola…