OPEC lowers 2026 oil demand growth expectations Crude oil futures fell after OPEC lowered its oil demand growth expectations for this year. The near-shutdown of the Strait of Hormuz forced Middle East producers to cut output. OPEC forecast global oil demand
Fluent projects its Commerce Media segment to restore gross margins to the mid-20% range next year as it diversifies beyond retail. Fluent Inc. expects its Commerce Media gross margin to return to the mid-20% range in 2026, driven by expansion beyond its retail base. The c
Vitalik Buterin cites sub-cent L2 fees and Stage 1 security milestones as key to reviving decentralized payment use cases. Ethereum co-founder Vitalik Buterin stated that high transaction fees stifled the first wave of crypto payment adoption. During a visit to Argentina,
Investors adopt a cautious stance ahead of the U.S.-China summit, lifting gold prices amid geopolitical and inflation concerns. Gold prices (XAU/USD) rose to near $4,700 in early Asian trading Thursday as markets turned cautious before the Trump-Xi summit in Beijing. The m
RICS house price balance slumped to -34 in April, missing forecasts as mortgage rate expectations rise amid geopolitical tensions. UK house prices fell at their fastest pace since November 2023 in April, with the RICS house price balance dropping to -34 from -25 in March.
Ascend aims for 2% to 3% Q2 growth Ascend Wellness Holdings outlined its Q2 growth expectations. The company is targeting 2% to 3% top line growth. The growth target comes as the company explores pathways to uplist. The US Department of Justice recently res
Seer Inc. reaffirms its 2026 revenue guidance amid ongoing litigation and a new commercial leadership appointment. Seer Inc. (SEER) has reiterated its 2026 revenue guidance of $16M to $18M, citing progress in innovation and commercial strategy. The company acknowledged qua
Spot crude premiums jumped as buyers paid up for non-Middle Eastern barrels amid Strait of Hormuz disruptions, nearing record highs. Physical oil cargo premiums surged to nearly $150 a barrel in mid-April, driven by fears of supply disruptions after Iran blocked the Strait
The cross-pair stabilizes above its 50-day moving average as yen weakness offsets modest gains, with traders targeting 214.00. The GBP/JPY pair traded near 213.50 on Wednesday, posting a marginal 0.04% gain as the yen weakened against most G10 currencies. Sellers failed to
Cisco announces 4,000 layoffs and $1 billion restructuring costs to boost AI, silicon, and security investments amid surging AI orders. Cisco Systems will cut approximately 4,000 jobs, representing nearly 5% of its workforce, as part of a restructuring plan costing up to $
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