Author: omc_admin
The entrance to the Consumer Financial Protection Bureau (CFPB) headquarters is seen during a protest on Feb. 10, 2025 in Washington, DC.Anna Moneymaker | Getty ImagesFor the third time under President Donald Trump, the Consumer Financial Protection Bureau has pulled back from enforcing a key rule, this time targeting buy now, pay later services.The CFPB said in a notice on Tuesday that it will not prioritize enforcement of a rule, established during Joe Biden’s presidency, that classified BNPL providers as credit card issuers subject to the Truth in Lending Act. Fintech lenders had been required to comply with more stringent…
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell 4.49 million barrels in the week ending May 2, after analysts had estimated a 2.5-million-barrel draw. The API reported a 3.76 million barrel inventory hike in the prior week.So far this year, crude oil inventories are up more than 18 million barrels, according to Oilprice calculations of API data.Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) climbed 600,000 barrels to 399.1 million barrels in the week ending May 2. Inventory levels in the SPR…
About 764,000 wallets that purchased President Donald Trump’s $TRUMP meme coin have lost money on the investment, according to fresh data shared with CNBC by blockchain analytics firm Chainalysis.Most of the wallets that lost money held smaller amounts of the token, according to the firm’s on-chain analysis. Crypto wallets are accounts that store the keys you need to access and use your cryptocurrency holdings.Chainalysis said that while around 2 million wallets have bought into the token, 58 wallets made more than $10 million apiece, totaling roughly $1.1 billion in gains.The $TRUMP token, which surged in popularity after being tied to…
Most TVs have built-in speakers, but they often suffer from poor sound quality, with muddy dialogue and weak bass. To improve performance, our audio experts recommend investing in a soundbar. The best soundbars can be a game changer for your home entertainment setup, making it easier to hear your favorite TV shows and movies while delivering a more immersive and engaging experience.Our team has been reviewing audio products for over a decade, and we’ve used that experience to select the best soundbars for a variety of needs. Our top recommendation for most people is the Yamaha YAS-209. This affordable soundbar…
For insurance agents, quick access to policy data is essential to helping customers faster.With more than 55 million customers around the world, Zurich Insurance Group relies on strong customer relationships to stay competitive.”Interaction is by far the biggest driver of loyalty with our customers,” Aleksandar Vidović, the CEO of Zurich’s AI and analytics company, ZCAM, told Business Insider.Zurich has a network of thousands of agents worldwide who work directly with customers. Their main job is selling insurance policies, but the role also involves explaining complicated policy details.They communicate across various channels, including phone calls, emails, and WhatsApp messages. The agents…
Downtrend Dominates There is a good chance of seeing a test of resistance around the 20-Day MA, now at $61.28. The 20-Day line was successfully tested as resistance twice prior to last week’s sharp drop that triggered a bear flag pattern. Therefore, the behavior of the price of crude oil around the 20-Day line may provide insight into demand and whether buyers are aggressive enough to lead to a reclaim of the 20-Day MA. If the 20-Day line is reclaimed with a daily close above the line, higher price targets can begin to be considered. Higher Possible Resistance Zones The…
The U.S. has become a leading exporter of one popular cooking and heating gas: propane.However, America’s position could be in jeopardy as the trade war with China rages on. China, Japan and Mexico are frequent docking destinations for VLGCs, or very large gas carriers, filled with propane.The country’s shores and pipelines saw 57 million barrels of propane leave in January of this year, according to the Energy Information Administration. China accounts for 12 million, or just more than one-fifth of U.S. exports in January.”China is very dependent on the United States for its propane, and because it wants to make…
Canadian Prime Minister Mark Carney has made his much-anticipated first visit to the White House, as his country and the United States continue to spar over trade, tariffs and the prospect of reimagining their shared borders. Seated across from Carney in the Oval Office on Tuesday, US President Donald Trump continued to advocate for Canada becoming part of its southern neighbour. But Carney reiterated his firm commitment to defending Canadian sovereignty, in one of the few moments he interjected during his half-hour public appearance with Trump in the Oval Office. “As you know from real estate, there are some places that…
European natural gas jumped as traders assessed a range of bullish drivers — from a sharp rebound in oil prices to the region’s plans for a gradual phase-out of Russian supplies. Benchmark futures rose as much as 6.7% after a retreat in the previous session. The European Commission unveiled a roadmap to switch off the remaining flows of Russian energy. Details will come next month, but Tuesday’s publication showed a phased approach. The plan envisages a ban on all new contracts and halt to existing deals on the spot market — a third of Russian gas flows to the bloc — by the end…
WASHINGTON (AP) — Top U.S. officials are set to meet with a high-level Chinese delegation this weekend in Switzerland in the first major talks between the two nations since President Donald Trump sparked a trade war with stiff tariffs on imports.Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer will meet with their counterparts in Geneva in the most-senior known conversations between the two countries in months, the Trump administration announced Tuesday. It comes amid growing U.S. market worry over the impact of the tariffs on the prices and supply of consumer goods. No country has been hit harder…