News
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Commodities
US natgas output and demand to hit record highs in 2025, EIA says
May 6 (Reuters) - U.S. natural gas output and demand will both rise to record highs in 2025, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday.EIA projected dry gas production will rise from 103.2 billion cubic feet per day (bcfd) in 2024 to 104...Reuters
Tue, May 6
Other
Measles cases in Texas rise to 702, state health department says
May 6 (Reuters) - The Texas health department has reported 702 cases of measles in the state on Tuesday, an increase of 19 cases since May 2, as the U.S. battles one of its worst outbreaks of the childhood disease.As of May 1, a total of 935 confirmed measles cases were reported by 30 jurisdictions,...Reuters
Tue, May 6
Cryptocurrencies
Raoul Pal: Bitcoin Could Hit $450,000 In Liquidity-Driven Supercycle
At Sui Basecamp, macro investor and Real Vision co-founder Raoul Pal delivered a characteristically sweeping address that framed the current crypto market environment as the beginning of what he called a “liquidity-driven supercycle” — with Bitcoin potentially reaching $450,000 before the end of it....NewsBTC
Tue, May 6
Commodities
US agriculture secretary defends budget cuts, says won't close offices that serve farmers
USDA not planning to close any of 4,500 Farm Service Agency officesAgency will announce plans to relocate outside Washington, D.C., in coming weeksRollins has spoken with Rubio about administering Food for Peace aid programBy Leah Douglas WASHINGTON, May 6 (Reuters) - U.S. Agriculture Secretary B...Reuters
Tue, May 6
Cryptocurrencies
Bitcoin Reserve Report Delayed: US Treasury Silent After May 5 Deadline
Two months after US President Donald J. Trump signed an executive order to establish a Strategic Bitcoin Reserve (SBR), the US Treasury Department has missed its most consequential deadline yet, declining to release—or even acknowledge—the mandated evaluation that was due yesterday. The March 6 exec...Bitcoinist
Tue, May 6
Cryptocurrencies
Alibaba’s Qwen3 unseats DeepSeek’s R1, now leads open-source AI models
Alibaba’s new Qwen3 family of AI models has surpassed DeepSeek’s R1 to become the world’s best open-source model. According to reports, Qwen3 did better than R1 in tests that measure open-source AI models’ abilities in areas like language instruction, math, coding, and data analysis. The Qwen3 family was launched last week by Alibaba’s cloud computing […]Cryptopolitan
Tue, May 6
Commodities
Jeweller Pandora trims 2025 profitability guidance, warns of US tariff impact
Pandora cuts 2025 profitability targetWeaker dollar hits jeweller whose biggest market is U.S.U.S. tariffs on Thailand could add $137 mln to annual costsPandora hiked prices by 4% in April after a 5% increase in OctBy Helen Reid LONDON, May 6 (Reuters) - Danish jewellery maker Pandora PNDORA.CO c...Reuters
Tue, May 6
Commodities
Marathon to operate refineries at 94% of combined capacity in Q2
NEW YORK, May 6 (Reuters) - Marathon Petroleum MPC.N plans to operate its 13 refineries at 94% of their combined 3-million barrel-per-day (bpd) capacity in the second quarter of 2025, said John Quaid, chief financial officer, during a Tuesday conference call.Marathon's refineries ran at 89% of t...Reuters
Tue, May 6
Other
Golf-LIV's Johnson gets special invitation to PGA Championship
May 6 (Reuters) - LIV Golf's Dustin Johnson has been given a special invitation to compete in next week's PGA Championship at Quail Hollow Club in Charlotte, North Carolina, according to the field unveiled on Tuesday for the year's second major.Winners of the last five Masters are eligib...Reuters
Tue, May 6
Commodities
Europe Gasoline/Naphtha-Gasoline margins rise
LONDON, May 6 (Reuters) - Northwest European gasoline profit margins widened by about $1 to $16 a barrel on Tuesday as European exports rose in April.Gunvor, Litasco and Varo sold 13,000 metric tons of Eurobob E5 on barges to TotalEnergies, Shell, Mabanaft, BMV and Varo.Shell sold another 9,000 tonn...Reuters
Tue, May 6
Stocks
Why Pony AI Stock Is Skyrocketing Today
Shares of Pony AI (NASDAQ: PONY) are flying higher on Tuesday. The stock has gained 34.3% as of 12:12 p.m. ET and was up by as much as 37% earlier in the day. The move comes as the S&P 500 and Nasdaq Composite indexes slipped 0.5% and 0.6%, respectively.Pony, a Chinese autonomous vehicle company, wi...The Motley Fool
Tue, May 6
Cryptocurrencies
86% of Russian pyramid schemes go after victims’ crypto
An overwhelming majority of financial pyramid schemes operating in Russia target investors’ crypto funds, according to new data released by the country’s central bank. The Russian monetary authority has registered a spike in the number of fraudulent players offering fake investment opportunities involving digital assets, precious metals, and real estate. Fraudsters urge investors to send […]Cryptopolitan
Tue, May 6
Commodities
Trump says US will not pay for California high-speed rail
WASHINGTON, May 6 (Reuters) - The Trump administration will not pay for a high-speed rail line planned between Los Angeles and San Francisco, President Donald Trump told reporters at the White House on Tuesday, citing cost overruns.The Republican president's administration in February began prob...Reuters
Tue, May 6
Other
Pentagon wireless spectrum sale could put Trump Golden Dome plan at risk, senator says
WASHINGTON, May 6 (Reuters) - The top Democrat on the Senate Commerce Committee said the sale of wireless spectrum held by the Pentagon could put President Donald Trump's "Golden Dome" missile defense shield and other military projects at risk.Senator Maria Cantwell said mandating the sa...Reuters
Tue, May 6
Other
Cisco shows quantum networking chip, opens new lab
By Stephen Nellis SAN FRANCISCO, May 6 (Reuters) - Cisco Systems on Tuesday showed a prototype chip for networking quantum computers together and said it is opening a new lab in Santa Monica, California, to further pursue quantum computing.The chip uses some of the same technology as current netw...Reuters
Tue, May 6
Stocks
Palantir shares tumble after results fail to impress
** Palantir Technologies PLTR.O stock dipping 12.3% on Tues after qtrly results and raised forecast failed to satisfy investors' high expectations following shares' recent rally** The AI-focused data co's rev grew 39% in Q1 to $883.9 mln, exceeding consensus analyst estimates of $862.8 m...Reuters
Tue, May 6
