Author: omc_admin

ENDERLIN, N.D. (AP) — Powerful winds — including a tornado — that swept across parts of the upper Midwest left three people dead and a regional airport heavily damaged, while nearly 150 million Americans were under a heat advisory or warning as the weekend warms up much of the U.S. A complex storm system wreaked havoc in parts of North Dakota, northern Minnesota and northern Wisconsin, with reported tornadic activity, large hail and strong wind gusts, according to Brian Hurley, meteorologist with the National Weather Service’s Weather Prediction Center.Cass County Sheriff Jesse Jahner said at a press conference Saturday that…

Don’t underestimate the potential advantage of a first or second-year program at a Big Tech giant. It could be your foot in the door to a full-time offer. A referral can also help, too.Google software engineer Tawfiq Mohammad interned at the company for two summers before receiving a full-time offer — and he suggests current computer science students try to do the same.”I think one of the most important things I’ve done in my career, to date, is applying for these first and second year programs,” he said in an interview with YouTuber Sajjaad Khader. “Like I said, it’s a…

Howard Marks’ memos are considered must-reads by many in the financial world, including Warren Buffett. Perplexity, an AI-powered search engine, helped write a chunk of his latest missive.Marks, the billionaire co-founder and co-chairman of Oaktree Capital Management, has been writing memos for 35 years and turns 80 next year. That makes it perhaps a little surprising that he’s drafted in a machine as a contributor.”In a sign of the times, I’ll let my new (and AI-powered) editorial assistant, Perplexity, fill you in on the background,” Marks said in a Wednesday memo titled “More on Repealing the Laws of Economics.”The veteran…

(BOE Report)– Brent crude oil is up around 20% so far in June, and set for its biggest monthly jump since 2020 as Israel/Iran tensions flare-up. Although relatively contained, the rise has not gone unnoticed just three years after Russia’s invasion of Ukraine triggered a surge in energy prices that ramped up global inflation and sparked aggressive interest rate hikes. Here’s a look at what rising oil means for world markets. 1/ HOW HIGH? Oil prices have crept rather than surged higher with investors taking comfort from no noticeable interruption to oil flows. Still, pay attention. The premium of first-month…

On Thursday prices jumped almost 3% after Israel bombed nuclear targets in Iran and Iran fired missiles and drones at Israel. Oil prices fell on Friday after the White House delayed a decision on U.S. involvement in the Israel-Iran conflict, but remained on course for a third consecutive weekly rise.Brent crude futures fell $2, or 2.5%, to $76.85 a barrel by 0648 GMT but still looked set to gain more than 3% on the week. U.S. West Texas Intermediate crude for July – which did not settle on Thursday as it was a U.S. holiday and expires on Friday -…

On Friday, June 20, 2025, the European Commission announced its decision to withdraw the Green Claims Directive, a critical component of the EU’s Green Deal policy designed to protect consumers by ensuring that environmental marketing claims were accurate, science-based, and independently verified. Without it, regulation will revert to individual national laws, likely resulting in inconsistent rules across EU countries and a fragmented approach to addressing greenwashing, potentially weakening efforts under the EU Green Deal. Key Developments During the Commission’s midday press briefing in Brussels at 11:50 CEST, spokesperson Maciej Berestecki confirmed, “The Commission intends to withdraw the Green Claims proposal…

(Investing)– Fears over possible supply constraints from the Israel-Iran conflict have driven oil prices higher in recent days, although past disruptions do not suggest that crude will stay elevated for a long time, according to analysts at Citigroup (NYSE:C). Brent crude futures slumped on Friday following the White House’s comments, although the contract is on course to rise for a third consecutive week. At 08:21 ET (12:21 GMT), Brent crude futures — the price barometer for much of the world’s oil market — had fallen by 3.1% to $76.44 per barrel. The U.S. West Texas Intermediate crude futures for August edged…

Filipe Gomes had been craving fresh air and quiet routine when he and his partner quit the chaos of London’s catering industry for the fog-misted hills of Covas do Barroso, the sleepy Portuguese farming village in which he was raised.But his rural idyll has been disturbed by miners drilling boreholes as they push to dig four vast lithium mines right beside the village. The prospecting has sparked resistance from residents who fear the mines will foul the soil, drain the water and fill the air with the rumbling thunder of heavy trucks.“They are destroying everything,” said Gomes, who runs the…

Almost 600 people are expected to die early in the heatwave roasting England and Wales, a rapid analysis has found.The surge in deaths would not be occurring without human-caused global heating, the scientists said, with temperatures boosted by 2C-4C by the pollution from fossil fuels.Premature deaths will occur across the two countries but the highest mortality rates are expected in London and the West Midlands. Most of the deaths – 85% – will be people over 65 years old, who are more vulnerable to the extreme heat. People in inner-city homes are also at high risk.More than 10,000 people died…

(Oil Price)– Father and son, Albert and Gordon Huddleston, part of the Texas oil dynasty of H.L. Hunt, are expected to become even richer if a rumored $8-billion deal with Mitsubishi Corp goes through. Albert and Gordon Huddleston are descendants of Haroldson Lafayette Hunt, who founded and grew the family oil business in the 1930s and 1940s with hundreds of producing wells in East Texas. Reports emerged earlier this week that Mitsubishi Corp. is about to acquire the shale and pipeline assets of Aethon Energy Management, founded by Albert Huddleston, who is also the CEO. Aethon Energy is a private…