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 $
S&P 500 target raised to 8,000 on strong earnings growth Morgan Stanley has raised its S&P 500 year-end target to 8,000 from 7,800, driven by strong earnings growth. The firm set 2026 earnings per share for S&P 500 components at $339, a 23% increase year-on-year.
The producer group reduced its 2026 demand outlook by 210,000 bpd due to geopolitical tensions and Hormuz closure impacts. OPEC lowered its 2026 global oil demand growth forecast to 1.17 million barrels per day, down from 1.38 million bpd, citing the economic fallout from
A pseudonymous user credited Anthropic’s Claude AI with unlocking a dormant Bitcoin wallet containing 5 BTC after nearly nine years. A pseudonymous X user claimed Anthropic’s Claude AI assisted in recovering access to a Bitcoin wallet holding 5 BTC, valued at roughly $400,
The firm reduced exposure to Bitcoin ETFs and miners while increasing positions in Ether ETFs and crypto-related equities. Jane Street significantly reduced its Bitcoin-related holdings in Q1 2026, trimming positions in BlackRock’s IBIT and Fidelity’s FBTC ETFs, as well as
Kodiak Gas Services announces a $750M public stock offering, with underwriters granted an option for an additional $112.5M. Kodiak Gas Services (KGS) launched a public offering of $750M in common shares, including an underwriters' option to purchase up to an additional $11
The Canadian miner reported a comprehensive loss for Q1 2026, contrasting with a $3.5M profit in the same period last year. Rupert Resources Ltd. (RUP:CA) reported a comprehensive loss of $2,839,702 for the three months ended March 31, 2026, reversing a $3,507,377 profit i
Middle Eastern crisis prompts oil companies to revisit Alaska The Middle Eastern crisis has led international oil companies to reprioritize their drilling destinations. Previously unattractive locations, including Alaska, are now being reconsidered. Alaska,
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