imaginima/E+ via Getty Images The American Petroleum Institute reportedly shows a draw of 564K barrels of oil in U.S. commercial stockpiles for the week ending July 10, its 13th consecutive weekly decline, including a 400K-barrel draw in the previous week. Gasoline inventories reportedly show Source link

The U.S. Commodity Futures Trading Commission threw itself in between Michigan courts and prediction market firm Kalshi on Tuesday, issuing an order to disallow the company from meeting a local court demand that it cancel previous customer transactions. The CFTC move amplifies its legal fight with state governments and courts…

JHVEPhoto/iStock Editorial via Getty Images CVS Health (CVS) has reached a settlement with the FTC to resolve all claims with the FTC regarding outstanding litigation and investigations into pharmacy benefits management, rebates, pharmacy network contracting, and vertical integration matters. As part of the agreement, the company will Source link

Image source: Getty Images In June 2009, physicist Stephen Hawking held a party in Cambridge for time travellers, sending out invitations after the event ended. He jokingly claimed that the empty room proved that backward time travel is impossible. Armed with a time-travelling device, I could know the future returns…

The Clarity Act will need to be sold to a large number of Democrats in the coming days, if it’s going to advance from the Senate before Congress’ summer break and the focus on this fall’s midterm elections. Though a new and potentially final draft is set to emerge as…

AI automation: The new margin defense in service industries Source link

Binance believes its next phase of growth will come from payments and financial services rather than cryptocurrency trading alone, as stablecoins reshape how people use digital assets, according to Shunyet Jan, the exchange’s head of spot trading and derivatives business. In an interview with CoinDesk on Binance’s ninth anniversary, Jan…

RiverNorthPhotography Verizon Communications (VZ) plans to announce another round of layoffs this week as the U.S. wireless carrier presses ahead with a cost-cutting drive under Chief Executive Daniel Schulman, Barron’s reported on Tuesday. The layoffs are expected to be announced on Source link

Japanese investment bank Mizuho downgraded Circle (CRCL) to underperform from neutral and slashed its price target to $50 from $85, arguing that OpenUSD’s business model threatens the stablecoin issuer’s long-term economics. Circle shares were trading 0.6% lower at $62.63 at publication time. Open USD, a dollar-backed stablecoin unveiled June 30…

Nicolae Popescu Google (GOOG) (GOOGL) is going head-to-head with Pinterest (PIN) with Google Images, a search engine that indexes images across the web, redesigned into a “place for discovery and inspiration.” Much like Pinterest (PINS), Google Images (GOOG) ( Source link