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Oil Demand Expected to Soften in 2025
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Financial Times - World
Samsung expects profits to surge on demand for AI chips
World’s largest memory chipmaker forecasts 15-fold rise in second-quarter figures -
The Wall Street Journal - World
Saudi's Oil Price Cut to Asia Was Less Significant Than Predicted, DNB Says
Saudi Arabia’s price cut for its flagship Arab Light crude it sells to Asian customers was less significant than expected, according to DNB Markets. -
Financial Times - World
Lib Dems return record number of MPs after Tory rout
Ed Davey’s party makes biggest gain in seats in its history, defeating two cabinet ministers -
CNBC - Business
Oil prices hold firm as large draw on U.S. crude, gasoline inventories signal uptick in demand
Gasoline prices are averaging $3.51 per gallon ahead of the Fourth of July holiday, up about 2 cents from last week. -
CNBC - Business
U.S. crude oil tops $84 per barrel, heads for fourth straight weekly gain on solid demand outlook
U.S. inventory data shows a tightening market, with crude stocks declining by 12.2 million barrels last week. -
The Wall Street Journal - World
U.S. Crude Oil Inventories Fall More Than Expected
Government data showed crude-oil inventories fell by 12.2 million barrels last week, much greater than the decline of 1.1 million barrels that analysts expected. Gasoline and distillate fuels fell too, as refineries raised their capacity use. -
CNBC - Business
Samsung shares hit over 3-year high after better-than-expected guidance on strong AI demand
Samsung said Friday it expects operating profit for the April to June quarter to be approximately 10.4 trillion won — a jump of about 1,452%. -
MarketWatch - Business
Oil prices end higher on light trading volume as supply drops more than expected
Oil prices settled higher Wednesday, on light trading volume ahead of the Independence Day holiday, after official U.S. data revealed a drop of more than 12 million barrels in crude inventories and a weekly rise in implied gasoline demand. -
The Wall Street Journal - World
Gold Futures Near Two-week Highs on Hopes for US Rate Cuts
Gold futures rose, nearing a two-week high, amid growing investor optimism for a U.S. interest rate cut. -
The New York Times - Top stories
Iranians’ Demand for Their Leaders: Fix the Economy
In a series of interviews, virtually every resident of Tehran listed Iran’s sickly economy as the No. 1 issue for the country’s next president.Iran
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The Wall Street Journal - World
From C Suites to Red Carpets, Multiple Piercings Are a New Power Move
Cartier, Dior and Louis Vuitton are embracing the trend of multiple piercings. These executives are, too. -
The Wall Street Journal - World
To Protect Your Data, Try Hamster Names and Greek Wars
Two-step verification no longer seems like enough security. Why not four or five? -
The Wall Street Journal - World
Shiny Blowouts, Chic Fashion and West Village Reservations. These Insta-Perfect Lives Are Managed by One Woman.
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The Wall Street Journal - World
Weak Labor Market to Offer Bank of Canada Comfort on July Rate Cut
A weak employment report for June should provide comfort to the Bank of Canada about following up June’s interest rate cut with another reduction in July, says CIBC Capital Markets. -
The Wall Street Journal - World
For Embattled Biden, Union Members Aren't the Reliable Support They Used to Be
Even before the president’s disastrous debate performance, some unionized workers in battlegrounds such as Michigan said they prefer former President Donald Trump’s record on trade, immigration and culture.