The US government has decided not to release oil from its Strategic Petroleum Reserve (SPR), which is at its lowest level since 1983, despite rising fuel prices caused by the Hormuz crisis. The SPR, holding about 308 million barrels, has been drawn down significantly over the past four years, including a major release in March 2026. This decision prioritizes preserving the reserve over short-term price relief, meaning fuel prices will be more influenced by actual supply and demand. Higher energy costs are also increasing Bitcoin mining expenses, potentially pushing smaller miners out of the market and affecting crypto supply dynamics.
Perella Weinberg Partners reported Q2 2026 revenues of $157 million, a 1% increase from last year, with adjusted pre-tax income of $27 million and adjusted EPS of $0.20. Despite a 17% revenue decline in the first half of 2026, the firm is investing i...
Perella Weinberg Partners announced the promotion of eight managing directors to partners, recognizing their achievements and leadership in sectors like financial services, healthcare, and capital solutions. This move highlights the firm's confidence...
Artem Voinov, Chief Business Development Officer at ICODA, will attend Blockchain Rio 2026, Latin America's largest blockchain conference, held August 12–13 in Rio de Janeiro. The event gathers regulators, financial institutions, and Web3 leaders, em...
Palantir reported that its profit nearly quadrupled over the past year, signaling strong financial growth. Despite this, the company's stock price has fallen 40% from its highest point, reflecting market concerns or volatility. Both the profit figure...
ING Group held an Extraordinary General Meeting on July 31, 2026, where Andrea Cesaroni was appointed as Chief Risk Officer (CRO) on the Executive Board. The board now includes Steven van Rijswijk as CEO, Ida Lerner as CFO, and Andrea Cesaroni as CRO...
