Economy

OPEC+ announced a surprise 2.5 million bpd oil production cut, 1 million more than expected, sending Brent crude up 5%. The move fuels $100 oil forecasts and global inflation fears.

Oil prices climbed over 2% after the US seized a Venezuelan oil tanker, fueling fears of supply disruptions and escalating geopolitical tensions. WTI and Brent benchmarks rose.

China has missed the deadline for its anti-dumping decision on EU pork, a retaliatory move against EU's EV tariffs. The uncertainty puts a $3 billion trade flow and European agribusiness stocks at risk.

Instacart will pay a $60 million settlement over an FTC lawsuit alleging the company used deceptive tactics like false 'free delivery' ads and undisclosed subscription terms.

Telecom Italia's board will meet Sunday to decide on a plan to convert its savings shares into ordinary stock, a crucial step in its restructuring strategy after the NetCo sale. The conversion ratio will be key for investors.

Galaxy Digital's head of research, Alex Thorn, warns of a "chaotic" 2026 for Bitcoin due to macro risks but maintains a bullish $250,000 forecast for 2027 driven by institutional adoption.

South Korea's consumer agency has ordered SK Telecom to financially compensate 58 hacking victims, setting a key precedent for corporate liability in data breach cases.

As 2025 draws to a close with significant market gains, investors are betting on a traditional Santa Claus rally. We analyze the historical data, current economic drivers, and potential risks for the year-end stock market.

Japan is offering a $1.3 billion subsidy program, covering up to 50% of investment costs for new factories and data centers that run on 100% renewable or nuclear power.

Gem Wallet now supports USDT on Ethereum, TRON, Polygon, Solana, and Avalanche. Learn how this multi-chain integration helps users save on transaction fees and manage assets easily.

Google and Apple are warning US visa-holding employees against international travel due to severe embassy delays. Learn what this 'visa trap' means for tech workers, project timelines, and company operations.

Saudi Arabia extends its unilateral 1 million bpd oil output cut through September, joined by a 300,000 bpd export reduction from Russia. The move pushed Brent crude above $85, tightening global supply.