A day of major developments is underway across the globe, as the European Central Bank prepares to deliver its latest verdict on interest rates, a stunning new report reveals the colossal cost of fare evasion in New York City, and Jack Ma’s Ant Group makes a dramatic entrance into the…
Gasoline margins in the Atlantic Basin surged to an average of $18-$19 per barrel in September, a significant increase from the $6-$9 per barrel seen a year ago. This sharp rise, which has pushed Rbob gasoline forward margins to their highest levels since August 2024, highlights the profound impact prolonged supply…
The Nikkei 225 Index jumped to a record high on Thursday, helped by the strong performance of Softbank, the giant telecommunication and investing powerhouse. It jumped to a high of ¥44,352, continuing an uptrend that started in April when it bottomed at ¥30,800. Softbank helped to propel the Nikkei 225 Index The…
Shares of residential real estate platform Opendoor Technologies surged about 40% in after-hours trading on Thursday after the company announced the appointment of Kaz Nejatian, the former chief operating officer of Shopify, as its new chief executive officer. The move comes after weeks of speculation following the ouster of Carrie…
A tense and watchful quiet has descended upon European markets, with stocks opening to a mixed and listless picture as the entire financial world holds its breath. This is the calm before the storm, a market in a state of suspended animation, waiting for a crucial double-barreled verdict on the…
Saudi Aramco, the leading oil exporter, has requested that Asian buyers increase their crude oil purchases in October. This comes after Saudi Arabia significantly reduced prices for all crude grades, more than anticipated, due to an expanding supply, according to a Reuters report. Two sources familiar with the matter revealed in the…
The International Energy Agency (IEA) reported on Thursday that global oil supply is projected to increase more quickly than anticipated this year. This accelerated growth is attributed to increased output from OPEC+ members and rising supply from non-OPEC+ countries. The IEA’s statement also suggested the possibility of a growing surplus in…
Dow futures edged 100 points higher on Thursday as Wall Street’s major indexes stayed close to record highs. Investors are growing more optimistic that inflation is easing and that the Federal Reserve could lower interest rates next week. The S&P 500 and Nasdaq both moved up, helped by strong tech…
The US news cycle on Wednesday was marked by a mix of political, corporate, and economic developments that drew national and market attention. Conservative commentator Charlie Kirk was shot during a campus event in Utah, prompting widespread condemnation. Meanwhile, Oracle co-founder Larry Ellison surpassed Elon Musk to become the world’s…
A wave of shock and horror has swept across the American political landscape following the assassination of prominent conservative activist and presidential aide Charlie Kirk. In a somber address from the Oval Office, a grieving and angry President Donald Trump vowed to hunt down those responsible for what he called…