Oil prices are once again under moderate pressure, primarily due to the continued increase in global oil production easing earlier concerns about market tightness caused by sanctions. Industry surveys suggest that OPEC’s production saw a further, albeit marginal, increase in October. Reuters estimates indicated a rise of 30,000 barrels per day…
Most non-agricultural commodities rose on the last day of the week with gold consolidating above the crucial mark of $4,000-per-ounce. Oil prices also climbed on Friday after spending most of the week in the red. Prices are set for second straight weekly losses. Base metal prices rose as investors resorted to bargain-buying…
A top German general is sounding the alarm, warning that Russia could launch a limited strike on NATO territory at any moment, even as early as tomorrow.In Denmark, the government is pushing ahead with a bold plan to ban social media for kids under 15, part of a growing global…
Archer Aviation Inc (NYSE: ACHR) crashed roughly 20% this morning after announcing a $126 million acquisition of Hawthorne Airport – a move intended to anchor its air taxi operations and AI testing.The eVTOL company is financing this deal that positions the LA-area airport as a strategic hub for its urban…
President Trump met with Hungarian Prime Minister Viktor Orbán to discuss Hungary’s reliance on Russian oil and potential sanctions exemptions.North Korea launched another short-range missile, underscoring its ongoing weapons push. In India, the Supreme Court cleared the late Air India pilot of fault in June’s fatal crash.Meanwhile, a US judge…
Opendoor Technologies Inc (NASDAQ: OPEN) tanked as much as 20% on Nov. 7 after the digital real estate marketplace reported a wider-than-expected loss for its third financial quarter (Q3).Moreover, the company issued over 180 million new shares to bolster its balance sheet – triggering dilution concerns.However, beneath the surface, there…
On Friday, the United States saw major headlines spanning academia, diplomacy, economic sentiment, and industry. Cornell University reached a high-profile settlement with the Trump administration to restore federal research funds. President Trump and Hungary’s Viktor Orban discussed the war in Ukraine, consumer sentiment in the US slumped sharply, and Boeing…
Senate Democrats on Friday moderated their demands in an effort to end the ongoing US government shutdown, now in its 38th day—the longest in the nation’s history. Despite the concession, they continue to insist on a one-year extension of expiring Affordable Care Act (ACA) subsidies as a condition for supporting…
The DraftKings stock price woes accelerated after the company published its quarterly results and issued a weak forward guidance. DKNG crashed by over 7% to $25 on the extended hours, much lower than the year-to-date high of $53. So, is it safe to buy the dip?DraftKings stock falls after earnings DraftKings,…
The Airbnb stock price rose in the extended hours as investors reacted to its strong financial results, which showed that its business was doing well. ABNB rose by 5% to $156, up from the closing price of $120. Still, the stock remains 26% below its highest level this year.Airbnb stock…