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corp patrick

Oil Prices Spike After Tanker Attacks, Dow Futures Dip

March 12, 2026

A series of attacks on oil tankers and a sudden halt at a major port have pushed crude prices above $90 per barrel, sending Dow Jones futures lower. The surge in oil costs is driving investors to worry about the impact on corporate earnings and inflation. Market watchers note that higher fuel prices

politics

Irritated Waters: Boats, Mines and a Burning Question

March 12, 2026

The Gulf of Oman saw a night of chaos when small boats, said to be from Iran and packed with explosives, struck two fuel tankers near Iraq. The attacks set the ships ablaze and killed a crew member, while four other vessels were hit by projectiles in nearby waters. The tankers carried fuel from Iraq

business

ExxonMobil Plans Texas Move to Keep Growth Strong

March 12, 2026

ExxonMobil, the biggest oil producer in America, is planning to shift its legal base from New Jersey to Texas. The decision comes after the company’s board agreed that a Texan address would better match its business climate. Shareholders will decide at the annual meeting on May 27 whether to appr

finance

Crypto Rules: Treat Them Like Any Other Money

March 12, 2026

Australia’s regulator says crypto is just another form of money that follows the same rules as old‑school finance. Instead of creating a separate set of laws, they want to look at what the digital coins actually do. If a token is used as a security, it should be covered by securities law; if i

business

Insurance Plan Aims to Keep Oil Shipping Safe Amid Gulf Tensions

March 12, 2026

A new U. S. insurance program is stepping in to help ships travel through the Strait of Hormuz, a key route that connects Persian Gulf oil fields with the wider world. The plan is led by Chubb, a large insurer, and works with the Development Finance Corporation to cover potential damage from war‑rel

finance

South Korea’s Budget Boost Comes From Tax Gains, No New Bonds Needed

March 12, 2026

The South Korean government can increase its spending without borrowing more money, thanks to a surge in tax receipts, said the finance minister during a parliamentary debate. Tax income rose by 6 trillion won in January compared with the same month last year, a jump that gives lawmakers more roo

politics

Khamenei’s Injury: A New Leader in the Line of Fire

March 11, 2026

The day a new leader was named, bombs began to fall. Mojtaba Khamenei, only 56, stepped into the role after his father’s death during the first attack. Reports say he was hit in the legs that same day, which explains why he has stayed out of public view for almost two days. No official statement or

finance

Oil Prices Drive Dow Down While Oracle Skips the Crowd

March 11, 2026

The day began with a clear signal from the energy sector: crude oil prices pushed higher, nudging investors to sell some of their holdings in the Dow. The index slipped by about 0. 5 percent, reflecting worries that rising fuel costs could squeeze corporate profits across many industries. Meanwhile

business

Conflicting Claims Over Boston Land Auction

March 11, 2026

The Dot Ave. area in South Boston is now the center of a tangled legal battle involving Andrew Collins and several investors. Andrew Collins, who has long tried to turn the land into a life‑science campus, never formally pitched a project to the city. His brother, state Senator Nick Collins, say

politics

Microsoft Voices Out in Defense of AI and Government Work

March 11, 2026

Microsoft stepped out of its usual quiet stance and filed a supportive brief for an AI firm fighting the Pentagon. The move shows the tech giant weighing silence against action, even when it could risk government contracts. The brief came in a lawsuit where the Pentagon had labeled the AI company a