Author: omc_admin

ExxonMobil has bought Mars crude produced offshore Louisiana for August delivery, for the first time in several days after briefly halting purchases due to a quality issue with zinc contamination, Reuters reports, citing two sources.Mars crude is produced offshore Louisiana and is a staple with Gulf Coast refineries, including Exxon’s refinery in Baton Rouge, Louisiana.However, supply of the Mars crude grade to the Gulf Coast refining hub was reduced last week after Chevron said that the start-up of a new offshore well may have contributed to the change of the composition of the Mars crude grade and zinc contamination of the medium sour…

At Robinhood, nearly all of the engineers are vibe coders.That’s according to Robinhood CEO Vlad Tenev, who said on the 20VC podcast that the company’s human-written code was hard to distinguish from AI-generated code. Among the company’s engineers, “close to 100%” are using AI code editors, he said.When asked what percentage of Robinhood’s new code is AI-generated, Tenev said that it was around 50%. That’s a higher percentage than what Microsoft and Google have previously said, with CEOs Satya Nadella and Sundar Pichai estimating around 30%.Tenev acknowledged that the 50% metric was imprecise, thanks to the upgrowth of “agentic” code…

SEOUL, South Korea (AP) — Two days of heavy downpours in South Korea have killed at least four people and forced more than 1,300 others to evacuate, officials said Thursday.One person was killed when their car was buried by soil and concrete after a retaining wall of an overpass collapsed in Osan, just south of Seoul, during heavy rain on Wednesday, the Interior and Safety Ministry said.Three other people were separately found dead Thursday in a submerged car, a stream, and a flooded basement in southern regions. Ministry officials said they were still investigating whether those deaths were directly caused…

As gig workers’ incomes have dropped, some Uber and Lyft drivers are turning to apps like GigU, Maxymo, and Mystro to help them work smarter — and dodge the lowest-paying rides.”They weed out the garbage offers that they’re sending you,” said Sergio Avedian, a driver and senior contributor to the Rideshare Guy, a gig driver advocacy blog and YouTube channel. “The cherry-pickers always make more money.”Some of the apps have recently encountered roadblocks in the form of rideshare giants Uber and Lyft, which argue that using the third-party apps runs afoul of their terms of service.Doug Feigelson, the CEO of…

Apple has announced a $500 million multi-year agreement with MP Materials, a fully integrated US-based rare earth producer, to buy domestic rare earth magnets developed at MP Material’s flagship facility in Texas. The deal will also see the two companies launch a new rare earth recycling line in Mountain Pass, California, and develop novel magnet materials and processing technologies to enhance magnet performance. Apple announced a series of sustainable materials goals for its products in 2023, including a target for magnets in Apple devices to use entirely recycled rare earth elements by 2025. In the company’s recently released Environmental Progress…

Amazon’s Ring division is re-embracing founder mode, part of a broader cultural and operational crackdown by CEO Andy Jassy.In April, Ring founder Jamie Siminoff rejoined Amazon to run the internet-based doorbell company again. He replaced former CEO Liz Hamren.Just months into his return, Siminoff is making sweeping changes.One of his first moves: scrapping Ring’s socially driven mission — “Keep people close to what’s important” — which Amazon introduced last year.In its place, Siminoff reinstated Ring’s original mission statement, “Make neighborhoods safer,” which suggests the business is going back to its founding identity as a crime-prevention tool.”So excited to be back…

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Oil prices rose on Thursday, reversing declines in the previous three sessions, buoyed by stronger-than-expected economic data from the world’s top oil consumers and signs of easing trade tensions.Brent crude futures rose 8 cents, or 0.1 per cent, to $68.60 a barrel at 0630 GMT. US West Texas Intermediate crude futures were up 16 cents, or 0.2 per cent, at $66.54. Both benchmarks fell more than 0.2 per cent in the previous session.US President Donald Trump has said letters notifying smaller countries of their US tariff rates would go out soon, and said on Wednesday that he would probably put…

Perplexity’s CEO said Google needs to rethink its stance in the AI browser wars.In a Reddit “Ask Me Anything” on Wednesday, Aravind Srinivas said Google’s business model is at odds with the rise of AI agents — the kind that power AI-native browsers like Comet, Perplexity’s new product.Google’s core business relies on showing people ads and charging advertisers when users click. But AI agents that are built into web browsers can now browse, compare, and even make decisions on a user’s behalf. That means fewer human eyeballs on ads and fewer clicks to sell.”They have business model constraints on letting…

Belarus disconnected the second unit of its Astravets nuclear power plant on July 17 after a control system detected a deviation in the reactor’s auxiliary cooling system. The Energy Ministry stated the alarm was triggered outside the reactor core and described the event as routine, with no threat to safety or radiation levels, according to Reuters.Russia’s Sputnik Belarus reported the incident in Russian-language coverage, citing official statements that the automated sensor triggered the shutdown and that operations would resume once diagnostic checks are complete.Neighboring Lithuania has been vocal in expressing concern. The Baltic country remains wary of Astravets given its…