👉 Key Highlights:
📍 Saudi Arabia extends 1-million-barrel daily oil cut until end of June.
📍 Riyadh's production to stay at 9 million barrels per day through Q2.
📍 Extension follows initial cut since July last year, set to expire this month.
📍 OPEC+ voluntary cuts total 2.2 million barrels per day, with future extensions uncertain.
📍 Oil prices have been fluctuating within $75 to $85 desp...

Today, Powell gave a talk at a major yearly event, the Jackson Hole conference. Last year, he promised to tackle inflation, and it had a big impact on the market. This year, he took a more middle-ground approach, saying he would wait and see before taking further actions.
The market had a roller-coaster day, with prices going up, then down, and then up again. The QQQ, a major market indicator, rose by 0.78%. But considering its big drop yesterday, today's rise isn't ...

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As the month began, markets continued to be optimistic as inflation turned out to be better than expected. Equity markets continued to rise, led by the small-cap Russell 2000 Index. At the same time, the Nasdaq 100 underwent a special adjustment to address its weighting.
Later in the month, the Federal Reserve raised interest rates by another 25 basis points, leaving the door open for another rate hike....

Tesla's electric-vehicle charging technology is being put on a fast track to become a North American standard, giving a further boost to the automaker's plan to expand access to its once-exclusive chargers.
Tesla's charging technology has been gathering momentum for weeks. Volvo Car on Tuesday joined General Motors, Ford and Rivian in embracing Tesla's charging design, shunning earlier efforts by the Biden administration to make th...