Author: omc_admin

When I picked up my new Tesla Model 3 Performance in December, it came with a free trial of the company’s Full Self-Driving (FSD) software.I originally made the purchase to enjoy driving a fast sports car. But I’ve also been fascinated by the promise of autonomous vehicles ever since I experienced Google’s early driverless technology as a reporter at The Wall Street Journal over a decade ago.So, for the past five months, I’ve been using FSD (in “Chill” mode only) to see what it can and can’t do.I still drive the car. Legally, functionally, and by necessity. Tesla calls this…

TotalEnergies has signed an agreement with Shell to sell its 12.5% interest in the Bonga oil field, offshore Nigeria, for $510 million. The OML118 Production Sharing Contract (PSC) is located deep offshore at ~74 mi (120 km) south of the Niger Delta in Nigeria, and contains the Bonga field, which started production in 2005, as well as the Bonga North field, the development of which started in 2024. Production from the OML 118 PSC, which is mainly oil, represents approximately 11,000 boed in TotalEnergies’ company share in 2024. Shell’s stake will increase to 67.5% upon completion of the deal. Esso…

The iPhone 16 is on top of the world.The base model iPhone 16 was the best-selling smartphone in the world in the first quarter of 2025, according to a Wednesday research note from Counterpoint. It was the first time in two years that a base model iPhone was in the top spot. Apple continued its streak of dominating the top five smartphones globally. The iPhone 16, followed by the Pro models and iPhone 15, are at the top of the list, with Samsung’s Galaxy A16 5G in fifth place.In China — a key region with increasing competition — iPhone 16 Pro models have…

Jakub Porzycki | Nurphoto | Getty ImagesThe SEC has formally dropped its lawsuit against Binance and founder Changpeng Zhao, bringing an end to one of the last remaining crypto enforcement actions brought by the agency.In a Thursday filing in the U.S. District Court for the District of Columbia, lawyers for the SEC and Binance jointly moved to dismiss the case, which was first brought in June 2023.The original complaint accused the crypto exchange of violations including illegally serving U.S. users, inflating trading volumes, and commingling customer funds. The agency also claimed that Binance unlawfully enabled trading in crypto assets it…

WASHINGTON— U.S. Secretary of Energy Chris Wright today approved a final authorization for liquefied natural gas (LNG) exports to non-free trade agreement (non-FTA) countries from Port Arthur LNG Phase II in Jefferson County, Texas, following the Response to Comments on the 2024 LNG Export Study issued on May 19. This is the first final LNG export approval under President Trump’s leadership and marks another step in restoring regular order to LNG export permitting–reversing the previous administration’s pause and delivering on the President’s pledge to unleash American energy. “Port Arthur LNG Phase II marks a significant expansion of the first phase already…

BERKELEY— During a visit to Lawrence Berkeley National Laboratory (Berkeley Lab), U.S. Secretary of Energy Chris Wright today announced a new contract with Dell Technologies to develop NERSC-10, the next flagship supercomputer at the National Energy Research Scientific Computing Center (NERSC), a U.S. Department of Energy (DOE) user facility at Berkeley Lab. The new system, due in 2026, will be named after Jennifer Doudna, the Berkeley Lab-based biochemist who was awarded the 2020 Nobel Prize for Chemistry in recognition of her work on the gene-editing technology CRISPR.The new supercomputer, a Dell Technologies system powered by NVIDIA’s next-generation Vera Rubin platform,…

The U.S. Supreme Court has given the green light to Utah’s Uinta Basin Railway project, backing a narrower interpretation of environmental review laws and potentially clearing the path for a major expansion in oil transport capacity.In a unanimous decision Thursday, the justices reversed a lower court ruling, slamming it for what they described as an overly expansive and intrusive interpretation of environmental law. The line would link the Uinta Basin’s oil fields—tucked deep in northeastern Utah’s sagebrush terrain—to the national rail network, unlocking access to Gulf Coast and West Coast refineries.At the heart of the case was how far federal…

Two of Wall Street’s top investment banks cautioned that the impact of a court ruling striking down many of President Donald Trump’s tariff measures may prove limited, given that the administration has other avenues to impose import duties. “The tariff levels that we had yesterday are probably going to be the tariff levels that we have tomorrow, because there are so many different authorities the administration can reach into to put it back together,” Michael Zezas, Morgan Stanley’s global head of fixed income and thematic research, said on Bloomberg TV Thursday. Goldman Sachs Group Inc.’s Alec Phillips wrote in a…

At Microsoft’s Build developer conference last week, the company’s head of AI security accidentally leaked details of its partnership with Walmart.The leak happened when employees protesting Microsoft’s selling products and services to the Israeli military interrupted a presentation at the conference. The executive was streaming and switched over to a Teams message saying Walmart was ready to “rock and roll” on Microsoft’s Entra Web and AI Gateway services.Walmart and Microsoft have for years boasted of a partnership, but the companies don’t disclose much about the relationship.A separate leaked document viewed by Business Insider shows just how big of a customer…

Oil declined as soft US economic data and concerns about rising supplies eroded the risk-on sentiment from a court ruling that blocked a swath of the Trump administration’s tariffs. West Texas Intermediate fell 1.5% to settle near $61 a barrel after Interfax cited Kazakhstan as saying that OPEC+ is set to hike output at a meeting on Saturday, with the size of the increase still to be decided. Broader markets eased off of earlier highs on data showing the US economy shrank at the start of the year, further pressuring the commodity. Crude had earlier rallied after a trade court…