Russia Alters Oil Taxes to Capture Bigger Share of Trades Above Price Cap
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Rubrik prices IPO at $32 per share, above the expected range
Rubrik is hitting the market at a historically slow time for venture-backed tech IPOs.CNBC - Business -
Rubrik prices its IPO at $32, above expected range
Rubrik Inc. priced its initial public offering late Wednesday at $32 a share.MarketWatch - Business -
Rubrik stock pops 16% in NYSE debut after company prices IPO above range
Rubrik's shares appeared to be attractive to investors that have been starved for new business software names for years.CNBC - Business -
Oil prices end lower on weak U.S. gasoline demand
Oil prices settled lower on Wednesday, with pressure from U.S. data showing a drop in weekly demand for gasoline outweighing support from the first drop in commercial crude supplies in five weeks.MarketWatch - Business -
Cnooc Posts Record Net Profit on Higher Oil Price, Production
Cnooc reported a record high net profit for the first quarter, supported by increased efforts in oil and gas exploration, and steady growth in net oil and gas production.The Wall Street Journal - World -
Oil prices give up losses to settle at a more than 1-week high
Oil futures shake off early losses Thursday to finish higher, with both U.S. and global benchmark prices settling at their highest in more than a week.MarketWatch - Business -
Oil prices pull back as U.S. economic growth disappoints
Gross domestic product was much softer than expected in the first quarter, which could weigh on crude oil demand.CNBC - Business -
Cnooc Posts Record Net Profit on Higher Oil Price, Production
Cnooc reported a record high net profit for the first quarter, supported by increased efforts in oil and gas exploration, and steady growth in net oil and gas production.The Wall Street Journal - Business -
Oil price could exceed $100 a barrel if Middle East conflict worsens, World Bank warns
Increase in cost of crude could drive inflation up and force central banks to keep interest rates high. • Business live – latest updates. A serious escalation of tensions in the Middle East would push the price of oil above $100 (£80) a barrel and ...The Guardian - World -
Middle East escalation could trigger oil price shock that fuels inflation, World Bank warns
Oil prices could rise to $102 per barrel if a major conflict in the Middle East breaks out involving one or more oil producers, according to the World Bank.CNBC - Business -
Premier League to discuss potential salary cap
Premier League clubs are to discuss the potential introduction of a salary cap at their shareholders' meeting on Monday.BBC News - Top stories - Premier League -
Will the Supreme Court rule that Donald Trump is above the law?
Also in today’s newsletter, as traders build up bets of another rate increase we consider what it means for BidenFinancial Times - World - Donald Trump -
For Justice Alito, Presidents Stand Above the Law
He appears willing to allow Trump and future presidents to escape criminal prosecution for their acts.The New York Times - Top stories -
Nature destruction will cause bigger economic slump in UK than 2008 crisis, experts warn
Green Finance Institute report said further pollution could cut 12% off GDP by 2030s. The destruction of nature over the rest of the decade could trigger a bigger economic slump in Britain than those caused by the 2008 global financial crisis and ...The Guardian - World - United Kingdom -
Ex-Post Office boss 'does not recall' being told IT firm could access accounts
Angela van den Bogerd tells the public inquiry she is "truly sorry" after sub-postmasters were wrongfully convicted.BBC News - Top stories -
Jimmy Kimmel on Trump: ‘He keeps his caps lock tighter than the door to Melania’s bedroom’
Late-night hosts talk Trump’s all-caps rants, Kanye West’s new porn venture and Mike Johnson’s delayed Ukraine aid approval . Late-night hosts talked Donald Trump’s Truth Social rants, Biden’s potential TikTok ban and House speaker Mike Johnson’s ...The Guardian - World -
The screws are turning on Russia’s state assets
EU resistance to confiscation is unsustainableFinancial Times - World - Russia -
Billionaire tax to bolster Social Security popular in swing states
Voters in swing states are overwhelmingly supportive of taxing billionaires to support Social Security benefits, a new survey found. More than three-fourths — 77 percent — of voters across seven key swing states approved of the idea of raising ...The Hill - Politics -
German and Spanish ministers among those to demand rich pay more tax
Yahoo News - World - Germany -
Trump’s tariffs could overshadow the benefits of his tax cuts, economists say
As analysts assess what a second Trump administration could mean for the U.S. economy, one team from Oxford Economics is forecasting that the proposed tariffs could eclipse any boost from tax cuts.MarketWatch - Business - Donald Trump -
Oil Edges Higher on U.S. Inventories Draw
Oil edged higher on positive demand signs after U.S. crude inventories fell for the first time in five weeks.The Wall Street Journal - World -
Fifa announces deal with Saudi oil company Aramco
Fifa has announced a partnership with Saudi Arabia's state-owned oil company, Aramco.BBC News - Top stories -
U.S. Stocks Trade Lower
Stocks gave up early gains and turned lower. Tesla shares rose, helping the Nasdaq. The tech-heavy index has moved between gains and losses ahead of more big-tech earnings, including Meta due after the close.The Wall Street Journal - World -
Photographer Shannon Collins Is Changing Weddings for People With Disabilities
Shannon Collins, a “queer, awkward, anxious photographer,” wants to change the way disabled people are viewed, one picture at a time.The New York Times - Lifestyle -
Video released of Israeli American hostage captured by Hamas
Hersh Goldberg-Polin is one of five Americans still believed to be alive and in Hamas captivity since fighting broke out in the regions last year. His parents speak to NBC’s Raf Sanchez after the release of an undated video in which he's seen ...NBC News - Top stories - Israel -
Report: Trey Hendrickson requests trade
The Bengals got a trade request from wide receiver Tee Higgins after they used their franchise tag on him this offseason and now another member of the team reportedly wants to be moved as well.Yahoo Sports - Sports -
Bengals DE Hendrickson requests to be traded
Bengals three-time Pro Bowl defensive end Trey Hendrickson wants more long-term security than the team has offered and has requested to be traded, his agent confirmed to ESPN.ESPN - Sports - NFL -
World’s billionaires should pay minimum 2% wealth tax, say G20 ministers
Brazil, Germany, Spain and South Africa sign motion for fairer tax system to deliver £250bn a year extra to fight poverty and climate crisis. ‘Why we need a global tax on billionaires’. . . The world’s 3,000 billionaires should pay a minimum 2% ...The Guardian - World -
Ministers of Germany, Brazil, South Africa and Spain: why we need a global tax on billionaires
Finance chiefs say higher taxes for the super-rich are key to battling global inequality and climate crisis. Billionaires should pay minimum 2% wealth tax, say G20 ministersWhen the governors of the World Bank and the International Monetary Fund ...The Guardian - World -
That sinking feeling: why long-suffering Venice is quite right to make tourists pay | Simon Jenkins
The overcrowded city is leading the way with a tax on day trippers. Surely other great European destinations should follow suit. Venice has had enough. It is sinking beneath the twin assaults of tourism and the sea and believes the answer lies in ...The Guardian - World -
BBC Verify examines reported strikes on Russian oil depots
The reported strikes have been geolocated to the Smolensk region of western Russia.BBC News - Top stories - Russia -
Huge fire seen as Ukraine hits Russian oil depots with drone strike
Ukraine claims to have destroyed almost 1 million cubic feet of fuel in a drone strike on Russian state-owned oil depots.CBS News - World - Ukraine -
‘Outrageous’ climate activists get in the faces of politicians and oil bosses – will it work?
As the climate crisis has deepened, protesters have become more confrontational – and their ambitions have grown. The head of ExxonMobil told to “eat shit” as he was about to receive an award. A US senator and coal boss called a “sick fuck”, ...The Guardian - World - Climate -
German Bund Yield Edges Higher on Two-Year High Consumer Sentiment Data
10-year Bund yields edged higher after an above-forecast GfK consumer sentiment index added to the better-than-expected German data this week.The Wall Street Journal - World -
BYD Seal 2024 Review: Prices, Specs, Availability
A world-class sedan for the people, from China’s biggest name in EVs. It’s here to best Elon’s offering, and it may well be the car to do it.Wired - Tech -
Gold's price is high. Is it still safe to invest in?
Gold has long been thought of as a safe investment. But is it still safe after recent price growth? Find out here.CBS News - Top stories -
Russia vetoes UN resolution to prevent nuclear weapons in space
Russia on Wednesday vetoed a United Nations Security Council resolution that would have called on all states to prevent the placement of nuclear weapons in space and not take steps to develop weapons of mass destruction that could be deployed ...The Hill - Politics - Russia -
Former national security adviser weighs in on Ukraine aid and Russia
When President Biden signed a foreign aid bill Wednesday that includes tens of billions of dollars in assistance to Ukraine, Israel and Taiwan, it was touted as money that would "strengthen our national security and send a message to the world ...CBS News - Top stories - Ukraine -
Russia or EU? Controversial bill draws Georgians onto streets
Thousands of Georgians have been protesting against a new bill that they claim will crush dissent.BBC News - Top stories - Russia -
Russia vetos UN resolution to prevent nuclear arms race in space
Moscow described the security council resolution, which would have called on countries not to deploy weapons of mass destruction in outer space, a ‘dirty spectacle’. Russia has vetoed a UN security council resolution calling on all nations to ...The Guardian - World - Russia