WASHINGTON (AP) — U.S. consumer confidence deteriorated for the third straight month as Americans continue to fret about their short-term financial futures with prices and interest rates still elev
U.S. consumer confidence deteriorated for the third straight month as Americans continue to fret about their short-term financial futures with prices and interest rates still elevated. The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 97 in April from 103.1 in March. Responses to the Conference Board’s survey showed that Americans remain concerned about high prices, particularly for food and gas.
Crude oil prices began the week with a loss, reversing the climb from last week after the latest U.S. inflation data suggested there will not be any rate cuts anytime soon. Signals from Israel that a ceasefire with Hamas is still a possibility also helped bring oil down, with Brent crude slipping below $89 per barrel in […]
In 1969, the recently independent Republic of Congo discovered an enormous oil field off its coast. The find represented both a rare opportunity for the burgeoning nation, and a potential threat—the revenue generated by oil extraction could either pave the way for a stable socialist society, or doom the country to exploitation much like that it had endured under French colonialism.
China's Crude Oil Imports Hit A Record High In 2023 By Tom Kool of OilPrice.com China’s crude oil imports hit a record high in 2023, rising by 10% year-over-year and breaking the previous record from 2020 when the world’s top crude oil importer took advantage of the price crash to gorge on cheap crude. Last year, China’s crude oil imports averaged 11.3 million barrels per day (bpd), up by 10% compared to 2022, according to Chinese customs data compiled by Bloomberg and the U.S....
Mark Gurman’s latest Power On newsletter suggests that Apple isn’t expected to launch a new Vision Pro (or Vision something) model until the end of 2026. That follows another report last week, suggesting that demand for the spatial computer is far lower than Apple expected more
Apple has cut production of its Vision Pro mixed reality headset due to low demand, according to a fresh report. Sales of the Apple Vision Pro haven't been what the company predicted, claims established industry analyst Ming-Chi Kuo, prompting Apple to cut its 2024 shipment prediction to between 400,000 and 450,000 units. The market consensus was that the new VR device would shift 700,000 to 800,000 units this year. As Kuo point out, this means that Apple made the decision to cut Vision...
Nokia CEO Pekka Lundmark cited low levels of spending in North America and India as contributing to a slump in Q1 sales for its mobile networks division, though the vendor expects the market to pick up later in the year.
Soaring Russian Oil Imports Drag OPEC's Market Share In India To Record Low Authored by Tsvetana Paraskova via OilPrice.com, Russia was India’s single largest oil supplier for a second consecutive fiscal year, as surging imports of Russian crude dragged down the share of OPEC and Middle East supply to India to a record low, Reuters reported on Friday, citing data from tanker-tracking data obtained from industry sources. In the 2023/2024 fiscal year ended March 31, the share of...
The 2010 Gulf of Mexico Deepwater Horizon was the largest accidental oil spill in history. With almost 100 million gallons (379 million liters) of oil combined with dispersants suggested to remain in the Gulf, it is one of the worst pollution events ever. More than a decade later, its long-term effects are still not fully understood.
The first bitcoin futures contracts listed on B3, the stock exchange in Brazil, experienced significant interest from investors on debut day. According to a note delivered by the stock operator, 7,400 bitcoin futures contracts were traded, with the instrument reaching a peak of 111,000 orders on screen. While B3 has also bitcoin ETF contracts, futures […]
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