Author: omc_admin

Anna Barclay | Getty ImagesPresident Donald Trump’s Truth Social platform moved a step closer to having a bitcoin exchange-traded fund available to everyday investors. NYSE Arca, the all-electronic arm of the New York Stock Exchange that handles most ETF trading, filed on Tuesday to list a bitcoin fund linked to the president’s media company, the latest sign of Trump’s expanding push into the crypto world. Known as a 19b-4 form, the filing is required before regulators can decide whether to allow the fund to launch and trade on a U.S. exchange.Called the Truth Social Bitcoin ETF, the fund is designed…

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell again this week, this time by 3.3 million barrels in the week ending May 30 after analysts had estimated a 900,000-barrel draw. The API reported a 4.236 million barrel inventory decrease 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 500,000 barrels to 401.8 million barrels in the week ending May…

(Bloomberg) – Viper Energy Inc., the mineral and royalty unit of Diamondback Energy Inc., agreed to buy Sitio Royalties Corp. for about $4.1 billion, including debt, in the latest deal focused on the Permian basin. The deal marks a rare consolidation move among two of the biggest publicly traded owners of mineral rights and royalties in the U.S. shale patch. It’s also the second major transaction for Viper this year, after its $4.5 billion acquisition of certain minerals and royalties from Diamondback announced in January. “This is just another step toward being, kind of, the big mineral champion in the…

(Bloomberg) – Petronas is considering options for its Canadian company formerly known as Progress Energy Resources Corp., including a sale, according to people familiar with the matter. Petronas, as the Malaysian state energy firm is known, is working with a financial adviser on a potential disposal, the people said, asking not to be identified because the deliberations are private. A transaction could value the Canadian business at $6 billion to $7 billion, they said. Petronas may also consider selling a minority stake in the business, depending on valuation, the people said. The company has started sounding out preliminary…

Oil rose for a second day as supply disruptions from Canada’s wildfires countered OPEC’s latest bumper supply increase. West Texas Intermediate advanced 1.4% to close above $63 a barrel, the highest in three weeks. The blazes in Canada’s energy heartland of Alberta have shut down almost 350,000 barrels a day of heavy crude production, more than three quarters the amount of oil OPEC and its allies agreed over the weekend to add back to the market. Strong US hiring data also supported prices. Meanwhile, President Donald Trump said the US won’t allow any uranium enrichment as part of a potential nuclear deal…

OPEC raised oil production last month as the group began a series of accelerated increases spurred by Saudi Arabia, according to a Bloomberg survey. The 12 members of the Organization of the Petroleum Exporting Countries boosted supplies by 200,000 barrels a day in May to 27.54 million barrels a day, the survey showed. The Saudis accounted for about half of the increase. OPEC and its allies stunned oil markets in early April by announcing they would start to revive output at three times the planned rate, briefly sending crude prices to a four-year low. Brent futures have since recovered slightly,…

ICYMI— The Federal Permitting Improvement Steering Council (Permitting Council) announced increased transparency and accountability for the federal permitting of two Department of Energy (DOE) lithium processing projects, advancing President Trump’s commitment to bolster domestic production of minerals and support American jobs.The projects — Kings Mountain and Liberty Owl — increase lithium processing in the United States. Currently, the Peoples Republic of China (PRC) controls 70% of the market, with lithium as a key component in many energy storage and defense applications. Once completed, these projects will help to develop more secure domestic supply chains, strengthening our national security and our…

WASHINGTON DC, UNITED STATES – MAY 30: United States President Donald Trump departs at the White House to U.S. Steel’s Irvin Works in West Mifflin, Pennsylvania in Washington D.C May 30, 2025. Celal Gunes | Anadolu | Getty ImagesPresident Donald Trump’s new dollar-pegged stablecoin is off to a sluggish start, with muted inflows and little organic demand, new data shows.The USD1 token — launched by Trump’s decentralized finance firm, World Liberty Financial — has so far failed to break out of a narrow speculative niche, according to Kaiko analyst Adam Morgan McCarthy.”Trump is trying to launch this stablecoin in a…

TAE Technologies secures over $150 million to advance its commercial fusion reactor, exceeding its target Google and Chevron participated in the round, extending a decade-long R&D partnership TAE’s latest prototype achieved 70 million °C stable plasma, paving the way for net energy validation Fusion steps toward reality TAE Technologies announced it has raised more than $150 million in its latest funding round to support the development of the world’s first commercial fusion power plant. The round included backing from Google, Chevron, and NEA, bringing TAE’s total equity capital raised to over $1.3 billion. The company also has the option to…

I review new TVs every year, and Samsung is consistently one of the top brands I recommend. The company sells a wide range of reliable displays across sizes and budgets, but some models are better than others. The best Samsung TVs provide an excellent balance between picture quality and smart features.To help narrow your search, I’ve put together a list of the best Samsung TVs you can buy. My top pick is the Samsung S90D, which uses an OLED screen with quantum dots to deliver high contrast and bright colors. Meanwhile, budget-conscious shoppers should consider the Samsung DU7200. Its picture…