The commodities market has been experiencing a rollercoaster ride at the beginning of the week with oil prices reversing course and plunging sharply, while gold hit its lowest level since November 25 of last year. Oil prices fell over 13% Monday after US President Donald Trump postponed potential military strikes against Iranian power plants for
Michael Saylor’s Strategy (previously known as Microstrategy), the world’s largest public holder of Bitcoin, continued adding to its cryptocurrency reserves last week, though at a significantly slower pace compared to its recent large-scale purchases. The company acquired 1,031 Bitcoin for approximately $76.6 million, according to an 8-K filing with the US Securities and Exchange Commission
It’s only March, and investors have already absorbed a hot war in the Middle East, a credit system showing cracks, a brutal tech repricing, and two of the world’s most trusted safe-haven assets selling off in the middle of a crisis. The market feels chaotic because it genuinely is, and what makes this moment unusual
Plug Power stock price has held steady in the past few weeks as investors reacted to the recent financial results, which showed that its business was doing well. PLUG, a top player in the hydrogen energy industry, was trading at $2.30 on Wednesday, up by 35% from its lowest level this year. This recovery may
A “super-accelerated” drawdown of drilled, uncompleted wells could rapidly boost US oil production, with a new Rystad Energy analysis suggesting the Permian Basin alone could see an immediate 183,000 barrels per day (bpd) increase, alongside an additional 56,000 bpd from other regions. Achieving this scenario would likely exceed theoretical limits, as it would require the
The ongoing LPG crisis in India, triggered by the Iran war, has exposed the country’s deep dependence on fuel imports. “This is a wake-up call,” Alok Kumar, former power secretary in the Union Ministry of Power, India, and current DG of All India Discoms Association, told Invezz. “It’s good that we discuss this and the
Li Lu may not be a household name for retail investors, but in the halls of Berkshire Hathaway, he is revered. Born in China and shaped by the 1989 student protests, Lu eventually found his calling at Columbia University after hearing a lecture by Warren Buffett. His investment firm, Himalaya Capital, now manages $3.5 billion
A growing share of Gen-Z (defined as those born between 1997 and 2012) is stepping away from work and education at the same time that debt burdens are rising and wages are struggling to keep up with living costs. Across major economies, millions of young people are now classified as NEETs, meaning they are not in
UK household energy bills are set to rise sharply from July as wholesale gas prices surge in the wake of the Iran war, with the typical annual bill nearing £2,000. Ofgem will announce the summer price cap on 27 May, with current estimates pointing to a steep increase driven by volatile global energy markets. What
Coinbase has introduced perpetual stock futures for eligible non-US retail and institutional traders, expanding its derivatives offering into US equities. The move marks a significant step in the company’s broader ambition to become an “Everything Exchange,” combining crypto, traditional assets, and new financial instruments on a single platform. Expanding access to US equities The new