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Oil prices lose ground on hopes of de-escalation in US-Iran tensions

Economictimes.indiatimes.com 

Oil prices dipped slightly as U.S.-Iran talks showed progress, easing fears of supply disruptions. Brent and WTI crude are near two-week lows. While an understanding on nuclear dispute principles was reached, a deal isn't imminent. Rising output at Kazakhstan's Tengiz field also pressured prices. Market eyes U.S. inventory data for further direction.

Gold rises on dip-buying after more than 2% drop

Economictimes.indiatimes.com 

Gold prices saw a slight rebound on Wednesday, recovering from a significant dip triggered by progress in U.S.-Iran talks. However, subdued trading volumes due to Lunar New Year holidays across Asia are keeping a lid on gains. Investors are keenly awaiting U.S.

US Stocks Today |Equities close with slight gains as tech shares recover

Economictimes.indiatimes.com 

Indian markets saw a modest uptick as technology stocks recovered from earlier dips, with financial shares also providing a boost. Norwegian Cruise Line surged on news of an activist investor's stake, while Masimo soared following a major acquisition. General Mills faced a downturn after revising its financial outlook downwards.

Lawsuits challenge renewed push for oil drilling in Alaska petroleum reserve and upcoming lease sale

«SFGate» (sfgate.com) 

Conservation organizations and an Iñupiat group have filed legal challenges to the Trump administration’s renewed push for oil and gas development in the National Petroleum Reserve-Alaska and an upcoming lease sale. They say the sale planned for next month improperly makes available ecologically sensitive lands that have been long protected. At least two lawsuits challenging the lease sale were filed Tuesday. The sale would be the first in the reserve since 2019 and the first under a law passed by... Читать дальше...

US Market | Berkshire-owned PacifiCorp, citing liquidity, sells Washington assets to Portland General Electric for $1.9 billion

Economictimes.indiatimes.com 

PacifiCorp, facing significant wildfire litigation costs in Oregon, is selling its Washington state wind, natural gas, and distribution assets to Portland General Electric for $1.9 billion. This strategic move aims to bolster PacifiCorp's liquidity and simplify operations amidst 'extraordinary pressure' from legal battles and regulatory challenges. The deal, pending approvals, includes key generation facilities and thousands of miles of infrastructure.

YouTube down in Canada? Thousands of users report issues, here’s what caused the outage and when it might be fixed

Economictimes.indiatimes.com 

Millions are experiencing a major YouTube outage, with reports of disruptions starting around 7:45 PM ET and escalating quickly. DownDetector shows nearly 300,000 users reporting issues, primarily affecting the core YouTube service. While YouTube TV also saw spikes, the exact cause remains unknown, leaving viewers waiting for an official update on service restoration.

Mark Zuckerberg to testify in landmark social media addiction trial

Economictimes.indiatimes.com 

Meta CEO Mark Zuckerberg is set to testify Wednesday at a groundbreaking social media addiction trial, summoned by lawyers representing a plaintiff who alleges Instagram and other platforms were deliberately designed to make young users addicted. The trial will determine whether Google and Meta deliberately designed their platforms to encourage compulsive use among young people, damaging their mental health in the process.