Business
Oil Futures Fall to Lowest Since the Outbreak of War
1456 ET – Oil futures fall to their lowest level since the start of the U.S.-Iran conflict as more oil shipments make it out of the Persian Gulf. Signs are that production and exports will return much faster than had been thought during the war, Mizuho’s Robert Yawger says in a note. “Once storage draws down, oil producers can ramp up production and return to business as usual” as long as the U.S. and Iran reach an agreement in the 60-day negotiation period that keeps Strait of Hormuz open. Yawger expects the Trump administration would extend the negotiating period rather than go back on the offensive in mid-August, “just two-and-a-half months away from the mid-term elections, where affordability will be a major issue.” WTI settles down 3.9% at $70.34 a barrel and front-month Brent falls 4.3% to $73.74. (anthony.harrup@wsj.com)
Oil Market Shrugs Off Large U.S. Crude Stock Draw
1219 ET – Oil futures are falling as euphoria over the return of ships through the Strait of Hormuz outweighs concerns about falling U.S. inventories. The EIA reported a larger-than-expected 6.1 million barrel drop in commercial crude stocks for last week, a ninth straight draw. “Short-term we have major drawdowns in inventories, there’s a lot of disruption in the market, and the exact short-term trajectory is difficult to see,” says TradeStation’s David Russell. But the intermediate to long-term outlook is more bearish for prices than the market seems to appreciate with OPEC lifting production and Venezuela’s return to the market, he says. “There’s a flood of oil that’s coming and everybody knows it.” WTI is off 3.8% and most active Brent is down 3.5%. (anthony.harrup@wsj.com)
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Business
EU Private Equity Investment In Local AI Companies Soars To $6.8B In 2025
EU Private Equity Investment In Local AI Companies Soars To $6.8B In 2025
Business
Eagles in shock ‘Western Derby’ trademark bid
AFL heavyweight the West Coast Eagles has sought to trademark the name given to its annual AFL grudge matches with rival Fremantle, but says it is not trying to stop the port club from using the term.
Business
China Eastern Airlines to buy 25 Airbus A330 neo jets for $9.4 billion

China Eastern Airlines to buy 25 Airbus A330 neo jets for $9.4 billion
Business
Pensione Hotel sold for $26m
Singapore’s JD Properties has purchased the asset, as Perth’s hotel sector gains momentum.
Business
Dialight plc 2026 Q4 – Results – Earnings Call Presentation (OTCMKTS:DIALF) 2026-06-26
Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team
Business
Second Ransom Note Claimed Savannah’s Missing Mother Died and Was ‘Buried in Nature’
A second ransom note connected to the disappearance of Nancy Guthrie, mother of “Today” show co-anchor Savannah Guthrie, indicated that the 84-year-old had died shortly after she was abducted from her Tucson, Arizona, home in February, according to multiple news organizations that reported on the note’s contents this week.
Nancy Guthrie was kidnapped from her home in Catalina Foothills, a suburb of Tucson, on February 1, 2026. Pima County Sheriff Chris Nanos said he believed she had been abducted, and a multi-agency investigation involving the Pima County Sheriff’s Department, the FBI and U.S. Customs and Border Protection has included forensic analysis, neighborhood canvassing and a review of surveillance footage. Bloodstains found at the scene were confirmed to be Nancy’s.
She was last seen at her home on the evening of Saturday, January 31, 2026, after her son-in-law, Tommaso Cioni, dropped her off at approximately 9:50 p.m. Cioni, who is married to Guthrie’s daughter Annie, is the last known person to have seen her. When she failed to appear for a scheduled livestream of a church service the next morning, a member of her congregation alerted the family, who went to check on her, searched the property, and found no sign of her before calling 911 around noon. Deputies who responded noted that Guthrie’s phone and other essential belongings, including her medications, were left behind in the home.
Ransom demands followed within days
In the days after she vanished, multiple ransom notes of undetermined origin demanded payment in cryptocurrency, with two deadlines that had already passed by February 9. The first note demanded a ransom of millions of dollars. In a video released on February 7, Savannah Guthrie said, “we will pay,” and the ransom demand was later reported at $6 million with a deadline of 5 p.m. on February 9.
On February 24, the family offered $1 million for information that helps in her recovery. The FBI later released a surveillance photo on February 10 showing a potential subject in the investigation.
The second note’s contents stayed private for months
A ransom note reportedly sent on February 6, 2026, claimed that Nancy died shortly after her kidnapping, but law enforcement asked that its contents be kept private so as not to interfere with the investigation. The note was not revealed publicly until June 22, 2026.
According to law enforcement sources who spoke to CNN, the note said, in essence, that the kidnapping “wasn’t intended to work this way” but that “in the course of the kidnapping some things happened and Nancy Guthrie is dead,” according to CNN Chief Law Enforcement and Intelligence Analyst John Miller. Investigators believed both the ransom note and the note describing her death were legitimate communications from whoever took her.
NBC News reported additional detail on the note’s contents. Three people familiar with the matter told NBC News that the note indicated Nancy had died but contained no apology for allegedly taking her and made no request for payment for the release of her body.
A specific phrase from the note also circulated this week. A source close to the investigation told NewsNation correspondent Brian Entin that the note said Nancy died and was “buried with nature now,” and that the note indicated her death was not intentional, though it did not include a direct apology. Authorities have not publicly confirmed the note’s authenticity.
Law enforcement told Tucson station KOLD that the two notes received by the Guthrie family are believed to have come from the same person. While the notes were not sent from the same IP address, the sender appeared to have used the same type of secure server to conceal it, according to KOLD reporter Mary Coleman.
News outlets held back details for months
Several news organizations that received the notes said they delayed publishing their contents out of concern for the investigation and the family. KOLD’s Coleman wrote on Facebook that the station “held off on sharing the contents of the notes” because it “wanted no part in compromising the investigation and out of respect for the family.”
The notes were sent to Tucson media outlets that investigators deemed potentially credible, and the FBI attempted to trace their origin. Shortly after receiving the second note, Savannah Guthrie posted a statement on Instagram on February 7 saying, “We received your message and we understand.”
Questions about additional alleged communications also surfaced this week. TMZ founder Harvey Levin said in a video that his outlet received an early note saying Guthrie was “scared but OK,” but he said claims that TMZ had received a separate ransom note containing an apology to the Guthrie family were false.
Investigation remains active
The Pima County Sheriff’s Department told CNN this week that the investigation remains “active and ongoing,” and referred further questions about the ransom notes to the FBI. The FBI has recovered doorbell camera images of an armed and masked man outside Guthrie’s home on the morning of her disappearance and has described that man as a suspect.
As of June 25, 2026, Nancy Guthrie has not been located, and the case has drawn international attention, with Savannah Guthrie suspending her broadcasting duties, including coverage of the 2026 Winter Olympics, to take part in the search before later returning to “Today.”
Savannah Guthrie has repeatedly appealed to the public for help. On June 23, she said on “Today,” “No matter how much I try to come out here every day and smile and find that joy, and I will, I promise I will, this is a moment to tell you that we need your help. We’re begging for your help, and I’m not going to miss that opportunity. And so please if you’re watching, no matter how small, the reward is there. You can tell us, it can be anonymous. Please do the right thing for us, for our family, for our children. We love our mom, and we’ll never stop looking for her, ever.”
Anyone with information has been urged to contact the FBI at 1-800-225-5324.
A separate, unverified lead emerged from outside the official investigation. Ramona Guadalupe Ayala Ortiz, leader of the Mexican missing-persons group Buscando Corazones Nogales, told the newspaper El Imparcial that her organization received an anonymous tip on June 10 claiming Nancy’s remains were buried near the U.S.-Mexico border, prompting a search of the area. “We received an anonymous call telling us that the woman’s remains were in the Mariposa area in a grave over a stream,” Ayala Ortiz said, “and this time we came to explore this stream that we failed to explore in the first intervention.” No trace of Nancy Guthrie has been found, despite the group uncovering more than 20 unmarked graves during its search.
Investigators have not publicly tied that tip to the case, and no arrests have been announced. Authorities continue to ask anyone with information about Nancy Guthrie’s disappearance to come forward.
Business
Why is Lumentum stock sliding today?

Why is Lumentum stock sliding today?
Business
Record temperatures drives up home air conditioning inquiries
Finding an air conditioned space during the heatwave has been a topic of conversation for many people.
A red warning of extreme heat has affected millions of people – schools have closed, transport has been disrupted and people have been searching for cooler spaces in which to work or rest.
Churches, community centres, museums and libraries have been providing free ‘cool spaces’, helping people to take a break from the rising temperatures.
But some people are going a step further and installing air conditioning in their homes. For companies like Aircon Services in Tamworth, business is booming with domestic inquiries rising by 300% in the last six years.
People were not willing to tolerate the heat anymore co-founder Marc Newbold said adding air conditioning was starting to be viewed as a necessity not a luxury.
Ninety percent of UK homes will overheat during the summer by 2050, the National Housing Federation said.
Homes have historically been designed for the colder weather with the aim of keeping heat in.
Overheating occurs when indoor temperatures rise to an uncomfortable level, typically exceeding 25C to 27C.
Business
Wendy’s Stock Gets Boost From Retail Traders
Users poured into a Reddit forum called “WallStreetBets”–known for sparking huge rallies of other so-called meme-stock trades like GameStop–yesterday evening with messages like, “We need to save Wendy’s before it’s too late.”
Also yesterday, Wendy’s named a new chief financial officer in Steve Cirulis, who had been holding the same role at the sandwich chain Potbelly, as part of its wider turnaround plans.
Business
Australian shares edge higher as precious metals bounce
The Australian share market has finished higher for the day as gold rebounded after hitting an eight-month low, but local shares still lost ground for the week.
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