SpaceX Mega Debut, Trump's 'I Love Inflation' Remark, Crude Oil Drop And More: This Week In Economy

Benzinga_recent_news06-14

As the week draws to a close, here’s a look at some of the top stories that made headlines in the world of finance and tech. Read the full article here. Former Secretary of State Hillary Clinton ...

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She drew a comparison between Trump and Marie Antoinette, suggesting that his comment reflects a lack of understanding of the financial pressures faced by American households.\nRead the full article here.\nMajor crude oil benchmarks experienced a decline as investors anticipated a potential U.S.-Iran deal. The global benchmark, Brent, fell to $84, its lowest level since April 17. Meanwhile, the West Texas Intermediate (WTI) dropped for three consecutive days, reaching a low of $81.\nRead the full article here.\nEarly SpaceX investor Gavin Baker predicts that a global compute shortage will make space-based infrastructure a lucrative venture. He estimates that SpaceX’s Starship, once reusable, could reduce launch costs to $5 billion per gigawatt, making orbital compute half as expensive as Earth-based compute.\nRead the full article here.\nFormer White House economic adviser Larry Kudlow suggested that President Donald Trump’s covert efforts to maintain oil flow through the Strait of Hormuz may have averted a major energy crisis.\nTrump’s revelation of the U.S. military’s role in safely transiting over 200 commercial ships carrying 100 million barrels of oil through the waterway may have eased inflation pressures and reduced the need for aggressive Federal Reserve action.\nRead the full article here.\nPhoto Courtesy: Shutterstock.com\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.1","shortVersion":"4.44.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2643244478","isCrawlerRequest":true}