US money market fund new record, Jerome Powell remains, Chubb war-risk coverage for Strait of Hormuz, Elon Musk misled Twitter shareholders, Super Micro Computer plunged 33%, Paraguay leans toward US

The Iran war has obstructed the Strait of Hormuz, causing crude oil prices to exceed $100 per barrel and forcing nations like Japan and the United Kingdom to confront surging costs and supply shortages. In response to this volatility, investors are retreating to money market funds, while the private credit market faces a potential collapse due to liquidity issues and transparency concerns. Technological developments continue despite the turmoil, with Nvidia advancing its AI infrastructure and Apple reinforcing its supply chain ties in China. Meanwhile, legal and regulatory shifts are highlighted by Elon Musk’s liability for misleading shareholders and the indictment of a Super Micro Computer co-founder for smuggling technology. Efforts to stabilize trade include a $20 billion insurance facility for maritime shipping and a pivot toward small modular nuclear reactors to meet the massive power demands of the AI era.