Author: omc_admin

American shoppers love a bargain, but Temu’s new tariffs are a deal-breaker. What’s RelatedThe Chinese-owned discount shopping app has lost 58% of its daily U.S. users since March, Reuters reported this week, citing data from app analytics firm Sensor Tower. The sharp drop comes as higher tariffs on Chinese goods and the closure of a key trade loophole drive up prices and shipping costs. The end of the so-called de minimis loophole, which had allowed cheap, direct-to-consumer shipments from China to enter the U.S. duty-free, went into effect in March. Since then, Temu’s daily active users in the U.S. have…

You may find ChatGPT useful for many things. A friend showed me the other day how he used it to turn a photo of his daughter’s favorite stuffed animal into a printed-out coloring book, which seemed pretty nifty.Here’s something I have now also tried on ChatGPT and do not recommend: looksmaxxing.For the uninitiated: “Looksmaxxing” is a term for the quest to improve one’s looks through skincare, hair styling, new clothes, and physical fitness. That sounds benign. The origins of the phenomenon aren’t so innocent: It bubbled up from internet incel culture, where some young men are fixated on the idea…

Key Impact Points: $430 million raised for Ventures Fund III, bringing Energize Capital’s total AUM to over $1.8 billion. Fund targets early-stage, digital-first climate solutions, including energy transition, industrial digitization, and infrastructure innovation. Backed by top institutional LPs including Första AP-Fonden, CDPQ, GE Vernova, and Builders Vision. Energize Capital Expands Climate-Tech Strategy with $430 Million Fund III Energize Capital, a leading climate-focused investor, has closed Ventures Fund III with $430 million in capital commitments, signaling strong LP demand for digital solutions that accelerate the energy transition. This is the firm’s fifth institutional fund and brings total assets under management to…

(BOE Report) – Venezuela’s oil exports remained almost unchanged last month as increased shipments to customers in China offset a decline in U.S.-authorized sales, according to vessel-tracking data and internal documents from state company PDVSA. The U.S. Treasury and State departments in March revoked the authorizations they had granted in recent years for PDVSA’s customers and partners to export oil from sanctioned Venezuela. They gave the firms until May 27 to wind down transactions. The license expirations and PDVSA cancelling some cargoes to one of its main partners, Chevron, due to payment uncertainties, reduced deliveries to the state company’s traditional customers…

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OKLAHOMA CITY (AP) — The Indiana Pacers waited 25 years to get back to the NBA Finals. And then they waited a few more hours to actually get to the NBA Finals.The Pacers’ travel plans to the NBA Finals were impacted Tuesday by severe weather. The team’s charter was first diverted to Tulsa, Oklahoma — and then, after refueling there, the plane took a scenic route around another band of weather before finally landing in Oklahoma City about 3 1/2 hours behind schedule.It was sunny when the team arrived around 7 p.m. local time. That wasn’t the case an hour…

Following April’s terrorist attack in Kashmir, perpetrated by The Resistance Front, India and Pakistan engaged in their most serious exchange of military strikes since the Kargil War in 1999. Back then, Pakistan had just carried out its first successful nuclear weapons test, raising the stakes of its decades-old feud with India to an existential level. Now, whilst nuclear concerns remain, the conflict has evolved once more, with drones utilized for the first time. Whereas much focus has been afforded to the Chinese military hardware deployed by Pakistan, less attention has been placed on the country’s drone fleet, which is overwhelmingly…

NEW YORK (AP) — U.S. President Donald Trump has promised to hike nearly all of his tariffs on foreign steel and aluminum to a punishing 50% on Wednesday, a move that would hammer businesses from automakers to home builders, and likely push up prices for consumers.Foreign-made steel and aluminum is used in household products like soup cans and paper clips as well as big-ticket items like a stainless-steel refrigerators and cars. Economists warn that the latest tariffs will significantly squeeze the wallets of both companies and shoppers alike.Here’s what we know.What’s the tariff rate on imported steel and aluminum now?…

Amazon staff demanded Cursor. They may be about to get it.According to internal Slack messages, reviewed by Business Insider, several Amazon employees inquired about using the AI coding assistant Cursor at work. In response, an HR manager wrote that Amazon is in talks with Cursor’s team to formally adopt the popular development tool “asap.”The HR manager added that the two companies are addressing “a few high priority security issues” before deploying Cursor’s AI tool.”It all depends on whether we can make it work in line with our high security bar,” the HR manager wrote, referring to Cursor’s deployment. “But yes,…

Jonathan Raa | Nurphoto | Getty ImagesMagic Eden, best known as a non-fungible token marketplace, said it has partnered with the team behind President Donald Trump’s meme token to launch an official $TRUMP-branded cryptocurrency wallet.Dubbed the $TRUMP Wallet, the product will feature the president’s name and likeness, as well as support trading of $TRUMP and other digital assets including bitcoin.A waitlist for the wallet opened Tuesday at TrumpWallet.com, ahead of a broader launch slated for later this summer, according to a Magic Eden spokesperson.Eric Trump, who has taken on leadership roles across several of his father’s crypto ventures, claimed to…