Energy stocks were slammed Wednesday as U.S. oil prices plunged to their lowest levels since December 2021. The extent of the decline in West Texas Intermediate crude — down 5.5% to under $67 per barrel — seems overdone in an energy market that remains structurally undersupplied. However, we’re not ready to step in right here
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Tim Mayopoulos attend the Bilt Rewards Launch Party at Equinox Hotel New York at Hudson Yards on June 22, 2021 in New York City. Sean Zanni | Patrick Mcmullan | Getty Images Three days into his tenure as Silicon Valley Bank‘s government-appointed CEO, Tim Mayopoulos has a message for his high-powered venture capital and startup
Tesla is facing a new lawsuit instigated by an owner who is attempting to have Tesla give up its quasi-monopoly on repairing its vehicles. Most people agree that Tesla bypassing the franchise car dealer model and going direct to consumers is an asset for the company. Tesla is removing the intermediary between the automaker and
12:15 PM ET Associated Press TOKYO — Cuba earned a 7,500-mile flight to Miami for a trip to the World Baseball Classic semifinals for the first time since 2006. “Cuban baseball fans are so emotional right now. They have been waiting for a long time at the moment,” manager Armando Johnson said after a 4-3
In this article @CL.1 Follow your favorite stocksCREATE FREE ACCOUNT Oil production in Azerbaijan Vostok | Getty Images Oil prices fell more than 7% Wednesday, as traders feared a brewing banking crisis could dent global economic growth. West Texas Intermediate futures fell more than 7% to $66.24 per barrel. That would be WTI’s biggest one-day
At the BMW Annual conference 2023, the automaker announced further details while giving us a preview of its first fully electric 5 series, the i5 sedan launching in October. CEO Oliver Zipse added that “a fully electric performance model” from BMW M gmbH will be included in the lineup. BMW reveals new details about its
11:36 AM ET Florida State and Georgia Tech will open the 2024 season in Ireland, the schools announced Wednesday. The game is scheduled to be played Aug. 24, 2024, at Aviva Stadium in Dublin. “I am so excited for our student-athletes, coaches, staff, administration and fans for this opportunity,” Florida State coach Mike Norvell said
The SNP’s national executive committee will hold an emergency meeting on Thursday morning amid a row over transparency, Sky News understands. It is likely this could lead to the membership figures being released after the party refused to meet demands from all three candidates vying to replace Nicola Sturgeon as Scotland’s first minister to publish
After months of waiting, Tesla Full Self-Driving Beta v11 is going to a wide release this weekend, if you believe Elon Musk. Tesla FSD Beta v11 is both an exciting and scary step as it is supposed to merge Tesla’s FSD and Autopilot highway stacks. FSD Beta enables Tesla vehicles to drive autonomously to a
In this article GOOGL GOOG META AMZN AAPL Follow your favorite stocksCREATE FREE ACCOUNT Reps. Jim Jordan, R-Ohio, and Ken Buck, R-Colo., are seen during a House Judiciary Committee markup in Rayburn Building on Wednesday, May 8, 2019. Tom Williams | CQ-Roll Call, Inc. | Getty Images Tech giants Google, Amazon and Apple are likely
An American spy on secondment to GCHQ was stabbed last week by an alleged terrorist in the town where the UK intelligence agency is based, it has been reported. Counter-terrorism police have confirmed that a 29-year-old man was arrested on suspicion of terrorism offences after a woman was stabbed outside a leisure centre in Cheltenham
In this article AAPL 2317-TW Follow your favorite stocksCREATE FREE ACCOUNT Employees work in a factory at the mobile phone plant of Rising Stars Mobile India Pvt., a unit of Foxconn in Tamil Nadu, India on July 12, 2019. Bloomberg | Bloomberg | Getty Images Major Apple supplier Foxconn reported a 10% year-over-year decline in
Russia announced that it would cut oil production by 500,000 barrels per day in March after the West slapped price caps on Russian oil and oil products. Picture Alliance | Picture Alliance | Getty Images The International Energy Agency on Wednesday said Russia’s oil export revenues fell sharply in February, prompted by bans and price
Samsung said it will make a 300 trillion Korean won investment in a new semiconductor facility in South Korea over the next two decades. It is part of a broader tech investment plan by the South Korean government. SeongJoon Cho | Bloomberg | Getty Images Samsung Electronics said Wednesday it plans to invest 300 trillion
Banking stocks are enduring fresh, steep losses on Wednesday as concern over the health of US banks crosses the Atlantic. Credit Suisse shares plunged to new record lows following comments by its largest investor that it could not provide the Swiss bank with more financial assistance. Switzerland’s second-largest bank, no stranger to crisis over the
In this article BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT Bitcoin is up 50% so far in 2023, beating major commodities and stock indexes. Industry insiders said the bank collapses have sent investors looking for alternatives to the traditional banking system and there is also anticipation of a slowdown in interest rate rises, which is
The US and Russia have different accounts of what caused an American drone to crash into the Black Sea on Tuesday. It is the first time the two powers have come into direct contact since the Ukraine war started last year. ‘Something clearly went wrong’; follow Ukraine latest American officials say two Russian fighter jets
Police in Vienna have put more armed officers on the streets after intelligence suggested a possible Islamist terror attack was being planned against churches. “There is a nonspecific threat of an assault against churches,” police in the Austrian capital tweeted. “If there is a concrete danger for the population at a concrete location, Vienna police
MariBank, Singapore tech giant Sea Group’s digital bank, has launched in Singapore to select members of the public as it rolls out its services progressively. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Singapore tech giant Sea Group has launched its digital banking services to select members of the public. “We are rolling
Wind turbine rotor firm Gulf Wind Technology and Shell New Energies US will together develop hurricane-proof wind turbines unique to the Gulf of Mexico.. Shell has committed $10 million to create the Shell Gulf Wind Technology Accelerator program with Louisiana-based Gulf Wind Technology, which specializes in developing hurricane-proof wind turbine technology. The accelerator program aims