Oil prices increased as a massive oil spill from a leaking tanker near Oman's coastline spreads, threatening a nearby nature reserve. The tanker, carrying about 800,000 barrels of Russian oil under international sanctions, ran aground on June 30. Deadly attacks on vessels in the Gulf of Oman and the Red Sea have heightened concerns over supply disruptions. The International Energy Agency also reported a larger-than-expected drop in global oil demand this year due to the ongoing closure of the Strait of Hormuz, which continues to disrupt energy flows amid the conflict. Market experts warn that uncertainty over reopening the waterway could push oil prices higher in an already tight market.
JinkoSolar, a global clean energy leader, announced it will release its unaudited financial results for Q2 2026 on August 26 before U.S. market open. The company will host a live earnings conference call the same day to discuss results and outlook. I...
Bolivian fintech Peso has partnered with Yango Food to allow users to pay for food delivery using USDT, a dollar-pegged stablecoin. This integration helps address Bolivia's dollar liquidity issues by enabling digital dollar transactions without requi...
In Q2 2026, Sigma Lithium achieved record revenues of $55 million and an all-time high EBITDA margin of 47%, driven by a 17% increase in lithium oxide prices and a 50% rise in production to 35,400 tonnes. The company reduced costs by over 30% and cut...
Verition Fund Management, a hedge fund managing $15 billion, increased its Bitcoin ETF holdings by 19% to 3.07 million shares worth about $110 million. This move contrasts with a general decline in institutional Bitcoin ETF investments in early 2026,...
Meta and Alphabet reported strong Q2 2026 results with Meta's ad revenue growing 27% and Alphabet's Cloud business accelerating 82%. Despite this, Meta trades at 22 times earnings and Alphabet at 17 times, which is cheap for their growth levels. Meta...
