RBC Capital Markets warns that hopes for an imminent ceasefire in the Iran conflict are premature, as the situation remains volatile with ongoing military exchanges. Despite speculation about a 60-day memorandum of understanding to reopen the Strait of Hormuz, shipping risks and sanctions complicate navigation, likely limiting traffic. Global oil inventories have fallen significantly, with strategic reserves accounting for much of the decline and Asia-Pacific stocks hit hardest. RBC expects further inventory draws ahead, with supply tight until demand weakens more substantially. On gold, recent price dips are seen as temporary amid ongoing geopolitical tensions and strong investor demand for safe assets.
Bitcoin miners are experiencing declining revenue as the network's hash rate and mining difficulty fall, reflecting a shift of miners into AI infrastructure. Despite this stress, miners are accumulating Bitcoin, with reserves increasing by 1%, signal...
Lululemon invested in Syntetica's $30 million Series A funding to support its innovative recycling of Nylon 6 and Nylon 6,6, materials difficult to separate and reuse in textile waste. This move aligns with growing industry demand for sustainable, co...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
