Author: omc_admin

Instagram chief Adam Mosseri took the witness stand on Thursday in Meta’s landmark antitrust trial in Washington, DC, federal court.Mosseri, who has been at the helm of Instagram since 2018, is among the more than two dozen witnesses that the Federal Trade Commission has called to testify in the case.The FTC argues in its case against Meta that the company violated antitrust laws when it “helped cement” an illegal monopoly in the social networking market with its acquisitions of Instagram in 2012 and the messaging app WhatsApp two years later. The case, to be decided by Judge James Boasberg, could…

Apple’s AirPods are among our favorite wireless headphones, especially when used with other Apple devices. They offer good sound quality, provide seamless pairing with iPhones, and have an iconic design. But with several models available, finding the best AirPods for your needs can be tricky. That’s why our reviewers tested every model to determine which AirPods are right for different uses. The best Apple AirPods for most people are the AirPods Pro 2. The Pro 2 are Apple’s flagship earbuds, and they have active noise cancellation (ANC), an in-ear design, and a wireless charging case. But budget-conscious shoppers might prefer the…

(Oil Price) – Despite slumping oil prices, global refiners are turning in strong first-quarter earnings, thanks to a sharp rebound in profit margins, Reuters reports, with U.S. Gulf Coast refiners processing Mars crude enjoying a doubling of margins to some $16 per barrel, $7 margins in Singapore for Dubai crude, and a 36% margin jump in Asia for Arab Light crude. All in all, we’re looking at refining margins for the first-quarter of this year that are better than 2024, even as upstream margins weaken and the industry at large expresses concern over a cooling global oil demand outlook. For now, we are…

Alex Mashinsky, former chief executive officer of Celsius Network Ltd., arrives at court in New York, US, on Thursday, May 8, 2025. Yuki Iwamura | Bloomberg | Getty ImagesAlexander Mashinsky, the former CEO of Celsius Network, was sentenced to 12 years in prison on Thursday after pleading guilty to two counts of fraud, a dramatic fall for the leader of a company once hailed as the “bank” of the crypto industry.Standing before U.S. District Judge John G. Koeltl in Manhattan’s Southern District, Mashinsky faced the consequences of what prosecutors described as a sweeping scheme to defraud investors.In December he pleaded…

Dynamic Resistance at 20-Day MA Since the sharp drop on April 3, the 20-Day MA has defined dynamic resistance of the near-term downtrend. Recently, the 20-Day line was tested as resistance twice during an initial counter-trend rally and it was followed by an accelerated decline. A second counter trend rally began from Monday’s low of $55.81 and looks like it is poised to reach the 20-Day line at a minimum. Given the recent history resistance is expected to be seen once first approached. But if strength in the price of crude oil can be maintained there is a chance of…

Affirm, the provider of buy now, pay later loans, gave a revenue forecast for the current quarter that trailed analysts’ estimates even as profit for the prior quarter was better than expected. The stock fell 8% in extended trading on Thursday.Here’s how the company did, compared to analysts’ consensus estimates from LSEG:Earnings per share: 1 cent vs. an expected loss of 3 centsRevenue: $783 million vs. $783 million expectedAffirm reported gross merchandise volume, or GMV, of $8.6 billion, topping the average estimate of $8.2 billion, according to StreetAccount. GMV, a key metric that helps gauge the total value of transactions, increased 36%…

Indian liquefied natural gas importers have signed a flurry of long-term purchase agreements linked to the US price benchmark, the latest effort by the nation’s buyers to protect themselves from volatile markets. State-owned companies have signed at least four contracts since December, totaling nearly 11 million tons per year, priced to the Henry Hub index, according to the executives familiar with the deals. Until now, most of India’s long-term contracts have been linked to crude oil, the traditional way to price LNG deals. Pricing the fuel to the Henry Hub index doesn’t necessarily mean that the fuel will come from…

Apple senior vice president of services Eddy Cue set alarm bells ringing on Wednesday after dropping a bombshell at Google’s antitrust trial: Google searches through Safari dropped in April for the first time ever.While his comments triggered a frenzied sell-off in Google stock, it might not be the only reason the company’s watchers should be concerned about Google’s ability to keep full control over the search market.A little-noticed number in Google’s latest financial disclosure may be the realest sign yet that investors have reason to worry. After reporting blockbuster Q1 earnings last month, Google revealed in a 10-Q filing with…

The National Oceanic and Atmospheric Administration (Noaa) will no longer track the cost of climate crisis-fueled weather disasters, including floods, heatwaves, wildfires and more. It is the latest example of changes to the agency and the Trump administration limiting federal government resources on climate change.Noaa falls under the US Department of Commerce and is tasked with daily weather forecasts, severe storm warnings and climate monitoring. It is also parent to the National Weather Service.The agency said its National Centers for Environmental Information would no longer update its Billion-Dollar Weather and Climate Disasters database beyond 2024, and that its information –…

Oil rose as President Donald Trump announced a trade framework with the UK, spurring some optimism about deals to come. West Texas Intermediate climbed 3.2% to approach $60 a barrel. Trump said the UK would fast-track US items through its customs process and reduce barriers on billions of dollars of agricultural, chemical, energy and industrial exports, including ethanol. Notably, the terms are limited in scope and a 10% baseline tariff remains. The British deal is raising investors’ confidence that agreements can be reached in the more complicated trade talks that lie ahead, specifically negotiations between US and Chinese officials kicking…