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Explosion at Key Iranian Logistics Hub Raises Geopolitical Stakes Near Strait of Hormuz
Bandar Abbas, Saturday, 31 January 2026.
A deadly explosion in Bandar Abbas—a critical port handling one-fifth of global seaborne oil—has triggered immediate security concerns despite Tehran dismissing rumors of a targeted strike on an IRGC commander. With US naval forces reportedly approaching the region, this incident at the strategic Strait of Hormuz is being closely scrutinized by global markets for potential fallout on international energy supply chains and regional stability.
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Microsoft Sheds $357 Billion as Investors Question AI Costs and Cloud Growth
Redmond, Friday, 30 January 2026.
On Thursday, Microsoft experienced its sharpest sell-off since March 2020, erasing approximately $357 billion in market value. Despite reporting a 17% revenue increase to $81.3 billion and beating earnings estimates, investors punished the tech giant over slowing growth in its Azure cloud division. Crucially, CFO Amy Hood attributed the Azure miss—39% growth versus the 39.4% consensus—to infrastructure capacity constraints rather than a lack of demand. However, Wall Street’s anxiety is mounting over the sheer scale of capital expenditure, which reached $37.5 billion this quarter, and the company’s significant exposure to OpenAI. While analysts at Bernstein remain bullish on the long-term strategy, this massive correction signals a shift in market sentiment, where massive AI spending is now facing intense scrutiny regarding immediate returns on investment.
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Executive Order Establishes Historic IndyCar Street Race on National Mall
Washington, Friday, 30 January 2026.
Marking a historic first for the National Mall, President Trump’s executive order establishes the “Freedom 250” IndyCar race this August, targeting massive tourism revenue for the America250 celebration.
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Federal Judge Removes Death Penalty Option for Luigi Mangione in CEO Murder Case
New York City, Friday, 30 January 2026.
Judge Margaret Garnett barred prosecutors from seeking the death penalty, ruling the underlying stalking charges do not legally qualify as “crimes of violence,” limiting Mangione’s potential sentence to life imprisonment.