Author: omc_admin

(Bloomberg) – Thailand said it’s interested in co-developing a massive gas pipeline project in Alaska backed by President Donald Trump, as the Southeast Asian nation explores ways to cut its $46 billion trade surplus with the U.S. before tariff talks.  Thai officials discussed Bangkok’s potential involvement in the $44 billion Alaska venture — a long-delayed pipeline that will stretch across the state — through investments in gas exploration and production and related infrastructure with project officials, the Ministry of Energy said in a statement on Thursday.  Thailand is also open to signing a long-term contract to import about 3 to…

Max Levchin, co-founder of PayPal and chief executive officer of financial technology company Affirm, arrives at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho.Drew Angerer | Getty ImagesAffirm shares plunged on Friday after the fintech company issued a weak forecast, and investors questioned CEO Max Levchin’s plan to go big in 0% loans.The buy now, pay later lender said revenue this quarter will be between $815 million and $845 million. The midpoint of the range was short of the $841 million average analyst estimate, according to LSEG.Levchin, who founded the company…

(Bloomberg) – Thailand said it’s interested in co-developing a massive gas pipeline project in Alaska backed by President Donald Trump, as the Southeast Asian nation explores ways to cut its $46 billion trade surplus with the U.S. before tariff talks.  Thai officials discussed Bangkok’s potential involvement in the $44 billion Alaska venture — a long-delayed pipeline that will stretch across the state — through investments in gas exploration and production and related infrastructure with project officials, the Ministry of Energy said in a statement on Thursday.  Thailand is also open to signing a long-term contract to import about 3 to…

I test TVs for a living, so I review all kinds of display types. While there’s a lot to like about LED and QLED models, OLED displays impress me the most. They’re pricey, but the best OLED TVs deliver better black levels, higher contrast, and wider viewing angles than other types of TVs. If picture performance is your priority, there’s no substitute for an OLED.To help you find the right model for your needs, I used my expertise to put together a guide to the five best OLED TVs available. My top pick for most people is the Samsung S90D,…

Paul Singer’s Elliott Management is kicking the tires on a deal that would have been unthinkable just a few years ago: buying a stake in a pipeline that carries Russian natural gas into Europe.The pipeline in question is the Bulgarian extension of TurkStream—Russia’s last functioning gas artery to the continent. With the rest of its gas empire sanctioned, sabotaged, or politically radioactive, TurkStream is the Kremlin’s last straw clutched tightly in the hand of European demand. Now, Elliott is reportedly sniffing around that straw, according to the Wall Street Journal, possibly as part of a broader play to scoop up…

After working in the outdoor industry for three years at Smith, which makes helmets and goggles, Cassie Abel realised there were not many brands built exclusively with women in mind. In 2016, she founded Wild Rye, a rural Idaho-based outdoor apparel brand for women. Building her business was a labour of passion and included big risks, such as leveraging her house for capital. It was not until 2021 that she became profitable. Now, her business faces yet another existential threat: High tariffs will drive up her costs, and she’s unsure how long she can keep her business alive. Abel is…

The discussions, led by Treasury Secretary Scott Bessent, come amid rising anticipation that a rollback of the crippling 145% tariffs on $1.2 trillion worth of Chinese goods could be imminent. On Truth Social, Trump wrote: “80% Tariff on China seems right! Up to Scott B,” followed by: “CHINA SHOULD OPEN UP ITS MARKET TO USA — WOULD BE SO GOOD FOR THEM!!! CLOSED MARKETS DON’T WORK ANYMORE!!!” Goldman Sachs estimates that even a 50% tariff reduction could boost global GDP by 0.3 percentage points –with energy demand likely to surge as trade reaccelerates. Game-Changer In Motion: A U.S-China Deal Could…

Nord Stream 2, the Switzerland-based company behind the gas pipeline project, has reached an agreement with its creditors to restructure its debt, a Swiss court in Zug said on Friday.Friday, May 9, was the deadline set by the court for Nord Stream 2 to restructure its debt and repay smaller creditors, or be declared bankrupt. Bankruptcy was avoided thanks to the debt restructuring deal announced by the court today.Nord Stream 2, an $11-billion project to carry Russian natural gas from Russia to Germany via the Baltic Sea following the Nord Stream route, was built at the end of the 2010s. However,…

By Julianne Geiger – May 09, 2025, 12:21 PM CDT The total number of active drilling rigs for oil and gas in the United States slipped this week, according to new data that Baker Hughes published on Friday, following a 3-rig decrease last week.The total rig count in the US fell by 6 to 578 rigs, according to Baker Hughes, down 25 from this same time last year.The number of oil rigs fell by 5 to 474 after falling by 4 during the previous week—and down by 22 compared to this time last year. The number of gas rigs stayed…

(Investing) – Oil prices rose Friday, heading for weekly gains on optimism over a potential deescalation in U.S. President Donald Trump’s tariff agenda. At 08:40 ET (12:40 GMT),  rose 1.9% to $64.05 a barrel, while  rose 2.1% to $61.17 a barrel. On the week, both contracts were on track to rise more than 4%. Oil buoyed by U.S. trade cheer  Oil’s gains were an extension of an over 3% rally from Thursday, as markets cheered U.S. President Donald Trump’s announcement of a trade deal with the U.K.. While the U.K. trade deal by itself has limited economic implications, traders were seen holding out…