The American Petroleum Institute (API) released its weekly crude stock report, showing a significant drop in inventory levels of US , gasoline, and distillates stocks. The actual figure reported was a decrease of 4.7 million barrels. This decline in crude inventories was far greater than the forecasted drop of 1.85 million barrels. The larger-than-expected decrease indicates a stronger demand for crude oil, which is a bullish signal for crude prices. In comparison to the previous week’s data, the change in crude stocks is even more pronounced. The previous report showed an increase of 0.499 million barrels, so this week’s sharp…
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Nvidia stock (NVDA) sank 1.2% Tuesday, continuing its downward spiral as investors grow cautious that the artificial intelligence spending that has fueled its rise could ease or spread to rivals. Shares of the AI chipmaker are down roughly 12% from their record-high closing price of $148.88 in early November. Nvidia made a swift ascent to the top, from a graphics card company primarily used for video games to the world’s leading supplier of AI chips, as Big Tech goes all-in on generative artificial intelligence. In 2024, it traded places with Apple (AAPL) as the world’s most valuable company, and in…
Characteristics of cyanobacteria with multiple Rubisco forms. (A) Ribosomal protein tree depicting ODZ Prochlorococcus lineages and their Rubiscos. (B) Form II Rubisco gene tree showing representative AMZ IB sequences and their phylogenetic context. Tree tips are labeled with sequence numbers (Dataset S2). (C) Maximal carboxylation rates (kcat) for form II rubiscos reported in refs. 7 and 8 and the AMZ IB sequence #367 measured in this study. (D) Genomic context of form II Rubisco within an AMZ IB MAG. Blue regions represent metagenomic sequencing coverage. Credit: Proceedings of the National Academy of Sciences (2024). DOI: 10.1073/pnas.2418345121 Stanford researchers have found…
Ascend Bit has teamed up with Carbonmark to introduce a solution that allows users in Thailand to offset their carbon footprints using a tokenized carbon credit system within the TrueMoney Wallet. This partnership makes it possible for over 20 million active users to engage in carbon offsetting effortlessly by purchasing credits that are linked to various environmental projects, such as forestry and renewable energy. The credits are securely processed and recorded using blockchain technology. The tokenized carbon credit system offers a user-friendly experience where individuals can pay in Thai Baht and choose from a range of verified projects. The tokenized…
WASHINGTON (Reuters) – A ceasefire between Turkey and the U.S.-backed Kurdish Syrian forces (SDF) around the northern Syrian city of Manbij has been extended until the end of this week, State Department spokesperson Matthew Miller said on Tuesday. Washington brokered an initial ceasefire last week after fighting that broke out earlier this month as rebel groups advanced on Damascus and overthrew the rule of Bashar al-Assad. “We continue to engage with the SDF, with Turkey about a path forward,” Miller said at a regular press briefing, adding that the U.S. would like the ceasefire to be extended for as long…
The stock market on Tuesday has exhibited notable fluctuations across various market cap categories, with some stocks experiencing significant movements. Mega-cap stocks like Avago Technologies (NASDAQ:) and United Health Group (NYSE:) have seen downward shifts, while large-cap stocks such as Teva Pharmaceutical Inds Ltd (NYSE:) surged impressively. Here’s a rundown of today’s stock movers, from the mega-caps to the small caps. Mega-Cap Movers:Avago Technologies (AVGO); -5.25% Metropcs Communications (NASDAQ:); -3.78%United Health Group (UNH); -3.54% Wells Fargo (NYSE:); -2.16% Large-Cap Stock Movers:Teva Pharmaceutical Inds Ltd (TEVA); +25.59% Marvell Technology Group Ltd (NASDAQ:); -9.14% Humana Inc (NYSE:); -8.72%Credo Technology Holding (CRDO); -7.35%…
Randall Fields, the Chief Executive Officer of ReposiTrak, Inc. (NASDAQ:TRAK), recently sold 7,500 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. This transaction, executed on December 16, 2024, was part of a pre-arranged trading plan established to meet charitable commitments. The shares were sold at a weighted average price of $24.4577, resulting in a total sale value of approximately $183,432. The sale comes as TRAK shares trade near their 52-week high of $25, having delivered an impressive 148% return year-to-date. According to InvestingPro, the company maintains excellent financial health with an impressive…
Finally, metals manufacturers will need to balance collaboration and innovation. Navigating 2025’s complexities will be dependant upon collaborative efforts, including partnerships between metals manufacturers, governments and technology providers. Together the sector can accelerate the adoption of cleaner technologies and ensure a stable supply of raw materials. Innovation is also fuelled by collaboration.The recent developments we’ve seen, including the creation of lightweight composites and advanced alloys that could open brand new applications and markets is thanks to industry-wide cooperation. Indeed as Fred says, 2025 will be a year of balancing acts for metals manufacturers. From critical inputs to technological advancement to sustainability, manufacturers in this sector have…
Christopher L. Finazzo, Chief Commercial Officer of United Parks & Resorts Inc. (NYSE:PRKS), recently sold 13,000 shares of the company’s common stock. The transaction took place on December 13, 2024, at a price of $55.62 per share, totaling approximately $723,060. Following this sale, Finazzo holds 132,439 shares directly. This transaction was reported in a Form 4 filing with the U.S. Securities and Exchange Commission. In other recent news, United Parks & Resorts Inc. has made significant financial adjustments and personnel changes. The company has refinanced its debt with new term loans totaling approximately $1.54 billion, according to a regulatory filing.…
(Bloomberg) — In what’s been a record-breaking year for Bitcoin, the originators of the world’s first exchange-traded funds to hold the cryptocurrency appear to be at risk of being left behind. Most Read from Bloomberg Bitcoin ETFs were launched in Canada in February 2021, making them the first in the world. This led to billions of dollars of inflows from Canadian and foreign investors who wanted exposure to the original digital currency. But when US Bitcoin ETFs were approved earlier this year, some investors began to reconsider their Canadian crypto investments. Canadian Bitcoin ETFs have seen C$578 million ($405 million)…