Oil Prices Fuel Doubling of Profits from Global Commodities Trading Report Finds
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Alleged ‘deal’ offer from Trump to big oil could save industry $110bn, study finds
Ex-president at Mar-a-Lago last month hosted more than 20 executives, including from Chevron, Exxon and Occidental. A “deal” allegedly offered by Donald Trump to big-oil executives as he sought $1bn in campaign donations could save the industry ...The Guardian - World - Donald Trump -
Oil Prices Rise But Stay Stuck in Narrow Range
Oil futures edged higher with the market awaiting OPEC’s next move, with three possible scenarios for the June 1 meeting—extend, unwind or completely remove the voluntary cuts of 2.2 million barrels a day.The Wall Street Journal - World -
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.The Wall Street Journal - World -
Top 20 Global Concert Tours from Pollstar
AP Global Top 20 Pollstar Week of 05/20/24ABC News - Entertainment -
Congress must stop Biden from fueling a Saudi nuclear bomb
If Jake Sullivan and team can pull it off, the mega deal will be billed as bringing peace to the Middle East. If it opens the door to Saudi enrichment, however, the accord will only fuel more chaos and instability.The Hill - Politics - Joe Biden -
Oil prices rise as crude inventories fall and U.S. inflation eases
West Texas Intermediate and Brent are flat for the week. The contracts have lost 4% and 5.8%, respectively, for the month.CNBC - Business -
Oil Prices Rise on Positive Inflation Data, Stockpile Falls
Oil prices rose, with positive sentiment supported by positive economic data and a fall in inventories.The Wall Street Journal - World -
Martin Rowson on climate change, and the price of olive oil – cartoon
Continue reading...The Guardian - World - Climate -
Oil prices finish lower, giving up early gains seen after death of Iran’s president
Oil futures settled lower on Monday, giving up early gains that had been tied to potential risks to global crude supplies following the death of Iran’s president in a helicopter crash and concerns about the health of Saudi Arabia’s king.MarketWatch - Business -
Oil prices fall as traders monitor developments in Iran after president's death
Ebrahim Raisi, president of OPEC's third-largest producer, died in a helicopter accident.CNBC - Business - Iran -
Global Economy Will Grow More Than Expected, U.N. Report Says
An update to January forecasts suggests the world's economic growth rate will hit 2.7 percent in 2024, thanks to a better U.S. outlook and improved prospects for some larger emerging economies.Inc. - Business -
AI companies seek big profits from ‘small’ language models
Microsoft, Meta and Google have released new versions with fewer ‘parameters’ that are cheaper to build and trainFinancial Times - Business - Artificial Intelligence -
Bodies left decomposing in hospitals, reports find
Leeds General Infirmary among NHS hospitals criticised for storing bodies at unsuitable temperatures.BBC News - Top stories -
Oil Tanker Hit by Missile Off Coast of Yemen, AFP Reports
Yahoo News - World -
U.S. oil prices settle at one-week high on post-CPI relief rally and drop in crude supplies
U.S. oil prices settled at their highest level in a week on Thursday, extending a relief rally sparked by data showing a slowdown in key U.S. inflation data.MarketWatch - Business -
Oil scores weekly gains, with U.S. prices ending above $80 for first time this month
Oil futures climbed Friday, contributing to gains for the week and prompting U.S. benchmark prices to settle above $80 a barrel for the first time this month, as some economic data from the U.S. and China raised hopes for stronger crude demand.MarketWatch - Business -
The number of child migrants arriving in an Italian city has more than doubled, a report says
An aid group says that the number of unaccompanied children who arrived in the northern Italian city of Trieste through the Balkan migratory route has more than doubled last yearABC News - World -
$9 billion travel tech firm Navan on track to hit profitability this year and 'not far' from IPO, CEO says
The boss of travel and expense management platform Navan told CNBC he's preparing the company to get its business into shape for an IPO this year.CNBC - Business -
AI may cause job losses and rise in carbon emissions, report finds
But economists say it could be offset by the creation of new roles and non-automated sectors. Breakthroughs in artificial intelligence could lead to short-term increases in unemployment, a rise in carbon emissions and leave regulators trailing in ...The Guardian - World -
Sunak Apologizes After Damning Report on U.K. Infected-Blood Scandal
A nearly six-year inquiry found that the deaths of about 3,000 people and the infection of more than 30,000 others could have mostly been avoided.The New York Times - World - United Kingdom -
These home remodeling projects offer the highest return on investment in history, report finds
Not all home renovations deliver the same return on investment, but some can pay off twofold, according to a recent report.CNBC - Business -
Donovan Mitchell trade rumors: 'Growing sentiment' suggests Cavaliers can re-sign star guard, per report
Mitchell is eligible for a contract extension this offseasonCBS Sports - Sports - NBA -
Ivan Boesky, stock trader convicted in insider trading scandal, dead at 87
Boesky, involved in one of the biggest insider trading scandals, dies at 87.ABC News - Top stories -
This Commodity Tells a Story About the Entire Economy and It's Bullish
Copper prices have gone parabolic this year as traders bet on economic growth and AI.Inc. - Business -
Rain, cooler temperatures help prevent wildfire near Canada's oil sands from growing
Yahoo News - World -
Rain, cooler temperatures help prevent wildfire near Canada's oil sands from growing
A wildfire that has forced thousands of people out of their homes in Canada’s oil sands hub city of Fort McMurray, Alberta is being held in place as rain and cooler temperatures sweep through the areaABC News - World -
Some vacationers expect to carry summer travel debt, report finds. Here's how to avoid that
Americans are looking forward to traveling this summer, but some won't pay off their credit cards. Here's how to lower costs and avoid summertime debt.CNBC - Business -
Thick fog hampers efforts to find Iran's president after reported helicopter crash
Yahoo News - World -
Neuralink Gets FDA Green Light for Second Patient
The Elon Musk-backed startup has proposed solutions for a thread pullout problem experienced by its first participant, Noland Arbaugh.The Wall Street Journal - World -
Hims & Hers Health to Offer Injectable Weight-Loss Drugs on Telehealth Platform
Hims & Hers Health shares soared after the company said it would add injectable weight-loss drugs to its platform, granting access to the popular treatments to its telehealth patients.The Wall Street Journal - World -
Trump Trial Judge Clashes With Defense Witness: 'Are You Staring Me Down Right Now?'
Prosecutors rested their case in Trump’s hush-money trial after four days of testimony by Michael Cohen, onetime fixer to the former president.The Wall Street Journal - World - Donald Trump -
The WSJ Dollar Index Rises 0.2% to 99.33
The WSJ Dollar Index was up 0.2% to 99.33 — up for two of the past three trading days.The Wall Street Journal - World -
FDIC Chairman Martin Gruenberg to Resign
Gruenberg bowed to pressure to resign after an external investigation found widespread sexual harassment at the agency. He plans to stay until a successor is confirmed.The Wall Street Journal - World -
The Coolest Watches Are Built for Dives
Explore the season’s new dive watches, which can take the plunge— down 100 meters or more.The Wall Street Journal - World -
It's the Most Expensive Team in Sports---but the Best Player Came for Free
Phil Foden has been a Manchester City player since the Under-9 team. But even in a squad of expensively acquired international talent, he turned into the club’s player of the season.The Wall Street Journal - World -
Mortgage rates fall to the lowest level in a month, but ‘home buyers are still feeling the pressure’ from high home prices
The 30-year mortgage rate is averaging at 7.02% Freddie Mac said in its latest weekly survey on Thursday.MarketWatch - Business -
Is Double Denim Back? Fashion Savants Have Proclaimed Its Return.
It’s twilight time for the era of hoodies and sweats. Make way for another kind of suit, pairing a trucker jacket with matching jeans.The New York Times - Lifestyle -
More than third of Amazon rainforest struggling to recover from drought, study finds
‘Critical slowing down’ of recovery raises concern over forest’s resilience to ecosystem collapse. More than a third of the Amazon rainforest is struggling to recover from drought, according to a new study that warns of a “critical slowing down” ...The Guardian - World -
Nasdaq, S&P 500 Advance to Start Week
Stocks rose, with technology shares leading the way higher as the S&P 500 and Nasdaq Composite sought fresh record highs.The Wall Street Journal - World -
Ryanair Announces Buyback as Profits Jump
The low-cost carrier will buy back $761 million worth of shares after its core earnings for the fiscal year rose 34%, and said it expected passenger numbers to increase depending on how well Boeing handles its delivery delays.The Wall Street Journal - World