Despite Production Cut, Russian Oil Shipments Are Surging
According to a new report from Bloomberg, the average four-week seaborne shipments of Russian crude over the period to May 5th, increased by 180,000 barrels per day (bpd), reaching 3.63…
Crop Exports From Ukraine Plunge
On Wednesday, Bloomberg reported that Ukrainian grain exports are plunging ahead of the talks this week in Istanbul on extending the Black Sea grain deal. Following the failure of the…
EU Begins The Process Of Collective Gas Purchasing
On Wednesday, Marosh Shefchovich, vice-president for interinstitutional relations at the European Commission, announced the commission had published its first international tender for the collective purchase of liquified natural gas (LNG),…
Amazon To Offer $10 Rebate For Pickup Of Orders Instead Of Delivery
On Monday, Reuters reported that online retail giant Amazon has begun offering $10 off to select customers to pick up their orders, rather than have them delivered. According to the…
Britain Continues To Suffer From Inflation
According to a new report from the British Retail Consortium, as the British economy continues to be wracked by record levels of inflation, British households are suffering with a record…
Rivian Posts Revenue Beat, Smaller Earnings Loss
Following disappointing earnings reports from Lucid and Fisker, Rivian (RIVN) posted a smaller loss than expected and beat estimates for revenue in the first quarter, giving EV fans some hope…
Eurozone Inflation Rising Again
In April, Eurozone inflation rose to 7%, increasing for the first time in the last five months, according to data released Tuesday by the European Union’s statistics office, Eurostat. Driven…
Eurozone Banks Cut Lending
According to a new European Central Bank survey released on Tuesday, Eurozone banks have significantly curtailed lending as borrowing costs continue to soar. The rate at which credit standards are…
Companies Like PayPal and IBM Look To AI To Cut Costs, And Workers
As more companies look to present an AI strategy to impress investors, PayPal (PYPL) and IBM (IBM) have joined their ranks this earnings season, showing how they will use AI…
Tesla’s Friday Gains Avert Five Consecutive Weeks Of Losses
Tesla soared at the end of last week, rising .5.5% on Friday to end the week in the green, and breaking the longest losing streak it has seen in two…
