Oil prices are known for their constant volatility. In the past year alone, the price of U.S. crude has experienced significant fluctuations, ranging from $67 to $94 per barrel.
Salesforce’s stock tumbles as earnings provide latest dose of software-sector pain
The software sector has been causing concern among investors this year, and the latest earnings report from Salesforce Inc. has only intensified these worries.
ConocoPhillips in advanced talks to buy Marathon Oil, FT reports
According to the Financial Times, ConocoPhillips is currently engaged in advanced discussions to acquire Marathon Oil in an all-stock transaction. The deal is expected to value Marathon Oil slightly above its market value of $15 billion
BlackRock’s $20 Billion ETF Is Now the World’s Largest Bitcoin Fund
BlackRock Inc.’s iShares Bitcoin Trust has surpassed the Grayscale Bitcoin Trust to become the largest fund for Bitcoin, accumulating nearly $20 billion in total assets since its US listing earlier this year. According to Bloomberg data
China’s $47.5 billion chip fund will likely focus on AI amid U.S. export curbs, NYU professor says
According to Winston Ma, an adjunct professor at NYU School of Law, China’s new third semiconductor fund will prioritize advanced chips for artificial intelligence (AI) and the development of the entire supply chain.
Homeowners face soaring insurance costs as violent storms wreak havoc
In response to the rising risk of powerful storms, insurance companies are raising the cost of homeowners coverage. This comes after a series of devastating storms that tore through five states during the Memorial Day weekend.
UAE president visits South Korea with defence and energy on agenda
The President of the United Arab Emirates, Sheikh Mohammed bin Zayed Al Nahyan, arrived in South Korea on Tuesday for his first state visit to the country.
Factbox-South Korea, China, Japan joint declaration after first summit in four years
Leaders of South Korea, China, and Japan came together for the first time in over four years to issue a joint declaration highlighting their cooperation in various areas. The declaration covers topics such as trade, climate change, and ageing societies.