Walmart (NasdaqGS:WMT) is expanding its partnership with Google to integrate Gemini AI into its shopping app for instant checkout and more personalized customer experiences. The move reflects a shift in how hedge funds and other institutional investors view Walmart, increasingly treating it as a platform company rather than only a brick and mortar retailer. The expanded AI integration is also tied...
Walmart (NasdaqGS:WMT) is expanding its partnership with Google to integrate Gemini AI into its shopping app for instant checkout and more personalized customer experiences. The move reflects a shift in how hedge funds and other institutional investors view Walmart, increasingly treating it as a platform company rather than only a brick and mortar retailer. The expanded AI integration is also tied to growth in Walmart’s digital ecosystem, including its advertising business and broader app...
ttart/iStock via Getty Images U.S. crude exports are projected to reach a record high 5.2M bbl/day in May, as Asian buyers snap up cargoes to offset the loss of Middle Eastern supply due to the Iran war, oil research firm Kpler said this week in the Financial Times . Crude shipments for April are already edging toward 4.9M bbl/day based on current loadings and likely will jump to 5.2M bbl/day this...
ttart/iStock via Getty Images U.S. crude exports are projected to reach a record high 5.2M bbl/day in May, as Asian buyers snap up cargoes to offset the loss of Middle Eastern supply due to the Iran war, oil research firm Kpler said this week in the Financial Times . Crude shipments for April are already edging toward 4.9M bbl/day based on current loadings and likely will jump to 5.2M bbl/day this month, up from more than 3.9M in March, and demand from Asian customers could climb by 82% to 2.5M bbl/day, Kpler said. "An armada of tankers is heading this way," Kpler said, pointing to 68 empty tankers on their way to the U.S., compared with 24 in the week before the war began on February 28; last year, the average was 27 tankers. The conflict has left Asia particularly vulnerable to disruption because ~80% of oil and petroleum products transiting the Strait of Hormuz in 2025 were destined for China and its neighbors. The export surge shows the growing U.S. role as a global swing supplier, but the competitionfrom Asia could further push up prices for American motorists, deepening fears of a new bout of inflation triggered by the war. Although an announced release of more than 170M barrels of oil from the U.S. Strategic Petroleum Reserve will help replenish commercial inventories, domestic production is not increasing fast enough to help, Kpler said. Releases from the SPR also are limited to 1M-1.5M bbl/day, Energy Secretary Chris Wright has said; the U.S. consumes ~20M bbl/day, and the war has shut 10M-15M bbl/day of supply from the Persian Gulf. Rising U.S. fuel prices have already sparked calls for a ban on oil exports from some politicians, a move the Trump administration so far has ruled out, which analysts say would trap somepetroleum products in the U.S. and cause refiners to cut production. But the White House could change its mind if the Middle East disruptions continue to push up fuel costs as the November midterm elections draw near. "We believe Trump administ...
Democratic representative has denied accusations from former staffer as he faces calls to drop bid for governor The Manhattan district attorney’s office said on Saturday that it is investigating a sexual assault allegation against Eric Swalwell, a Democratic congressman from California running to be the state’s governor, who on Friday denied claims by an unnamed woman that he sexually assaulted he...
Democratic representative has denied accusations from former staffer as he faces calls to drop bid for governor The Manhattan district attorney’s office said on Saturday that it is investigating a sexual assault allegation against Eric Swalwell, a Democratic congressman from California running to be the state’s governor, who on Friday denied claims by an unnamed woman that he sexually assaulted her twice. Confirmation of an investigation came after the San Francisco Chronicle reported on Friday that a woman who previously worked in Swalwell’s district office accused him of two nonconsensual sexual encounters. Continue reading...