Author: omc_admin

The sprawling June heat wave that has gripped much of the U.S. has people looking for relief in public fountains, inflatable pools, lakes and even the spray from a firetruck.A powerful heat dome over the Eastern U.S. pushed temperatures into triple digits, breaking records and creating dangerous conditions.Cities like New York, Baltimore, Philadelphia and Boston hit 100 Fahrenheit (37.8 Celsius) for the first time in years. With temperatures hovering near 100 degrees, a woman protects herself from the sun while walking through Boston Common, Tuesday, June 24, 2025, in Boston. (AP Photo/Charles Krupa) With temperatures hovering near 100 degrees, a…

Thanks to new court documents, we now know more about the secretive device OpenAI is working on with Jony Ive, the man behind the iPhone’s design.Tang Tan, the cofounder and hardware chief of Ive’s io, revealed new details about the AI-powered device in legal filings submitted for a trademark lawsuit.”Its design is not yet finalized, but it is not an in-ear device, nor a wearable device,” Tan said.The mystery device has been the subject of widespread speculation throughout the tech industry and beyond. Some guesses include a companion device for smartphones or computers, something wearable or screenless, and a minimalist…

Apple is justifiably famous for its marketing.You could even argue that the company’s ad campaigns are as well-known as its products: Think Different. Dancers with iPods. And, of course, the 1984 Super Bowl ad for the Mac.But now, for some reason, Apple is developing a different reputation in adland: the company that pays for ad campaigns and then pulls them.Last year, Apple rolled out an ad for its iPad Pro and then apologized and yanked it, after online complainers complained that the vibes were off.Earlier this spring, Apple axed an ad promoting an AI-powered version of Siri, once it became…

The U.S. Senate’s top rule-keeper just threw a wrench into Republican plans to speed up fossil fuel development. Senate parliamentarian Elizabeth MacDonough has ruled that key provisions in the sweeping OBBB Act—aimed at fast-tracking oil, gas, and mining projects—can’t bypass environmental review unless they clear a 60-vote threshold.That means GOP efforts to use budget reconciliation to skirt the National Environmental Policy Act (NEPA) are dead on arrival unless they gain bipartisan support. The parliamentarian flagged several provisions as violations of the Byrd Rule, which bars non-budget items from being stuffed into budget bills. Among them: language declaring offshore oil and…

Eni SPA has enlisted Saipem SPA to serve as the main contractor for the second-phase expansion to enhance processing flexibility and expand production of renewables-based fuels at subsidiary Enilive SPA’s existing Venice biorefinery at Porto Marghera, Italy. As part of the  €155-million contract, Saipem will deliver engineering, procurement, and construction (EPC) services on the project, which aims to boost the biorefinery’s current production capacity of 400,000 tonnes/year (tpy) to 600,000 tpy, the service provider said on June 24. Scheduled for startup in 2027, the completed second-phase expansion will also enable the Venice biorefinery to begin its first production of sustainable…

More than 150 people fell ill with heat at an outdoor high school graduation ceremony in New Jersey on Monday – and the fire chief of the city of Paterson declared “a mass casualty incident” due to the overwhelming number of those who needed emergency treatment.The incident happened as students from several local schools in the city gathered at Hinchliffe Stadium to hear their names read out as graduates. Paterson’s fire department said about 50 people were evaluated, and nine were sent to a local hospital from the stadium.During a second ceremony at the stadium, about 100 people ended up…

(Investing) – NEW YORK – Oil prices fell about 5% to a two-week low on Tuesday on expectations the ceasefire between Israel and Iran will reduce the risk of oil supply disruptions in the Middle East. That ceasefire, however, was on shaky ground with U.S. President Donald Trump accusing both Israel and Iran of violating it just hours after it was announced.  futures fell $3.29, or 4.6%, to $68.19 a barrel at 10:43 EDT (1443 GMT), while U.S. West Texas Intermediate (WTI) crude fell $3.20, or 4.7%, to $65.31. That put both contracts on track for their lowest closes since June…

Despite lower oil prices, Canada’s oil sands production is expected to reach an annual all-time high of 3.5 million barrels per day (bpd) this year, thanks to optimization and efficiency at producing assets, S&P Global Commodity Insights said on Tuesday in its latest outlook.Output from Canada’s oil sands will continue to rise beyond this year, according to S&P Global Commodity Insights’ 10-year production outlook.This year, production is set for a record annual average of 3.5 million bpd, up by 5% compared to the 2024 output, while oil sands volumes are expected to top 3.9 million bpd by 2030, per S&P…

As the humanitarian crisis involving the Rohingya enters its eighth year, proposals have re-emerged for a humanitarian corridor from Bangladesh into Myanmar’s troubled Rakhine State. The Myanmar-Bangladesh border is now home to nearly one million displaced Rohingya, making it the world’s most populated refugee camp. The objective of the humanitarian corridor is to facilitate humanitarian assistance and to enable the voluntary repatriation of Rohingya refugees currently residing in the world’s largest refugee camp in Cox’s Bazar. However, for Dhaka, this initiative may lead to significant unforeseen consequences, at home and abroad. Despite its humanitarian intent, it carries substantial security risks.…

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. U.S. stocks jumped and oil prices declined again Tuesday as Wall Street speculated that a ceasefire between Israel and Iran would hold. The S & P 500 advanced about 1%, while the tech-heavy Nasdaq rose nearly 1.5%. U.S. crude oil futures dropped another 5% on top of Monday’s over 7% decline. “We have to sell some stuff,” and book profits after such a big run higher in the stock market, Jim Cramer said. Shortly…