President Joe Biden announced the largest release of emergency oil reserves on record. Wall Street firms said this could raise crude prices in the long term.
Source
Oil reserve release could actually boost prices long-term, analysts say
World
Tesla approves share award worth $29 billion to CEO Elon Musk
Tesla has granted CEO Elon Musk 96 million shares worth about $29 billion, a move aimed at keeping the billionaire entrepreneur at the helm as he fights a court ruling that voided his original pay deal for being unfair to shareholders. In 2024, a Delaware court voided Musk’s 2018 compensation package, valued at over $50 […]
Read More
World
Coinbase’s UK musical ad hits a nerve — sparking debate from crypto fans to founders
Photo Illustrating Coinbase in Suqian, Jiangsu Province, China on June 6, 2023 (Photo Illustration by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Coinbase set the business community alight after the American crypto firm dropped a musical advert which lambasted the U.K. as besieged by economic problems and an ongoing cost-of-living crisis. Online […]
Read More
World
Trump’s penalty threat puts India in a bind over Russian oil
The Reliance Industries Ltd. oil refinery in Jamnagar, Gujarat, India, on Saturday, July 31, 2021. Bloomberg | Bloomberg | Getty Images India is navigating a tricky balancing act after U.S. President Donald Trump threatened a “penalty” over its continued imports of Russian oil — a trade that New Delhi appears reluctant to end anytime soon. […]
Read More