Hedge funds have increased their bullish stance on oil, betting heavily on Brent crude ahead of a key tariff deadline. In the week ending April 1, money managers raised their net-long position to 318,182 lots, the highest since late April last year. The increase comes as investors prepared for potential tariffs on Russian oil exports, … Read more
China has imposed export controls on key rare earth magnets in retaliation against US tariffs, sparking concerns about a potential escalation of the trade spat between the two nations. The move affects all countries, not just the US, and is aimed at curbing American access to these critical materials. Companies are scrambling to find alternative … Read more
SpaceX is ready to launch its latest batch of Starlink V2 Mini satellites into low Earth orbit on Saturday, April 5. The Falcon 9 rocket’s liftoff from Cape Canaveral Space Force Station is scheduled at 10:40 p.m. EDT. The weather forecast is favorable, with a greater than 95 percent chance of acceptable conditions at liftoff. … Read more
US Treasury Secretary Scott Bessent has issued a statement reassuring investors that the country’s dollar will remain strong in the long term despite recent tariff-induced declines. This move comes as concerns grow over the impact of President Donald Trump’s tariffs on the US currency. Source: https://www.bloomberg.com/news/articles/2025-04-04/bessent-backs-strong-dollar-in-long-run-after-tariff-led-slide
Microsoft’s AI chief, Mustafa Suleyman, is shifting his focus to measure consumer adoption of its AI assistant, Copilot. The company tracks daily and weekly active users, distribution, and usage intensity for the consumer offering. However, Suleyman prioritizes the rate of successful sessions (SSR) as a key metric. In an era where consumers provide more real-time … Read more
Reality TV star Teddi Mellencamp revealed in an interview that her battle against stage 4 cancer has taken a devastating turn. The “Real Housewives of Beverly Hills” star, daughter of rock legend John Mellencamp, announced that doctors have discovered four new brain tumors after surgery to remove multiple tumors from her brain. Mellencamp described the … Read more
The Los Angeles County Board of Supervisors has voted to create a new consolidated department dedicated to homeless services, marking a significant overhaul of the county’s approach to addressing its homelessness crisis. The measure, which passed in a 4-0-1 vote, will centralize functions currently spread across 14 county departments and bring them under direct Board … Read more
Travis Hunter, the expected top-five draft pick, attended the Colorado Showcase on Friday despite initially being expected to participate only in a throwing session with quarterback Shedeur Sanders. However, it was revealed that Hunter didn’t work out at the NFL scouting combine or Big 12 pro day, instead opting for meetings with teams in Indianapolis. … Read more
Washington Capitals star Alex Ovechkin missed a chance to break Wayne Gretzky’s all-time goals record by coming up just short in an empty net. With the game tied 4-3 against Chicago, Ovechkin had two goals early in the third period to tie Gretzky at 894, setting him up for a potential hat trick and record-breaking … Read more
China has imposed new export controls on rare earth elements and related products, which could significantly impact the US tech industry. The move is expected to affect multiple industries, including defense, optics, and renewable energy. The controls, announced Friday, target several critical components used in advanced technologies such as optical lasers, radar devices, high-powered magnets … Read more