US treasury secretary Scott Bessent has pitched the Russia diesel deal, under which the Moscow is likely to supply nearly 5 million tons of diesel fuel to global energy markets, as a positive prospect for the Americans. Scott Bessent, US treasury secretary, left, and US President Donald Trump (Bloomberg) “Russia deal is good for Americans. … Read more
Elon Musk has said that SpaceXAI, the company behind the Grok chatbot, will change its name to SpaceXSI. He made the statement on X (formerly Twitter) on Sunday, October 4, after a user suggested the new name. Elon Musk, CEO of Tesla and SpaceX and owner of X, formerly known as Twitter, speaks during National … Read more
US inflation data showed mixed signals in August, with the overall Personal Consumption Expenditures (PCE) price index rising 0.3% month-on-month and 3.4% year-on-year. The 0.3% monthly rise in overall PCE inflation was below economists’ expectations. In July, the overall PCE measure had increased 0.1% from the previous month. US PCE inflation rises 0.3% in August … Read more
US resumes immigrant visa processing for Hungary and Poland. The US has resumed immigrant visa processing for applicants in Hungary and Poland, even as immigrant visa processing remains disrupted at US embassies and consulates in much of the world.The selective restart comes after the Trump administration earlier halted immigrant visa processing on a much broader … Read more
Oil prices fell on Monday as investors waited for the US to announce new measures aimed at putting more economic pressure on Iran. Brent crude, the global oil benchmark, fell 1.8% to about $93 a barrel. West Texas Intermediate (WTI), the US oil benchmark, dropped 2.3% to around $85 a barrel. Oil prices fall ahead … Read more
The auction bid to skip the queue at the Panama Canal last week was $4.6 million. It was paid by an empty liquefied petroleum gas supertanker, the G. Arete, and it was the highest fee the waterway has ever charged for a slot, Bloomberg reported. Days earlier, a container ship had paid $4 million for … Read more
Groups of women dressed in pink gathered outside Plymouth Superior Court this week in support of Lindsay Clancy, the Massachusetts mother on trial for the 2023 deaths of her three young children. Demonstration in support of Lindsay Clancy outside Plymouth Superior Court, Massachusetts. (AP Photo/Josh Reynolds) Clancy’s defense does not dispute that she killed her … Read more
Bitcoin jumped sharply after the US Treasury announced a major increase in its bond buyback operations. BTC rose about 6% after the announcement, while the broader crypto market also moved higher. The move came as investors saw the Treasury action as a fresh liquidity signal for financial markets. Bitcoin rises after the US Treasury doubles … Read more
Quote of the day by Dale Carnegie (Image: Wikipedia) Fear often grows strongest exactly when someone imagines everything that could possibly go wrong. The possibility of failure can make an uncertain situation feel considerably worse than it actually is, sometimes stopping a person from taking any action at all. Dale Carnegie offered a genuinely different … Read more