Philippine lawmaker has provoked outrage for what critics said were misogynistic remarks about one of the country’s most famous celebrities while attempting to defend Vice-President Sara Duterte-Carpio at a hearing deliberating her impeachment charges. The remarks, made during deliberations of the House of Representatives’ Committee on Justice on Tuesday, prompted objections from female lawmakers,...
Philippine lawmaker has provoked outrage for what critics said were misogynistic remarks about one of the country’s most famous celebrities while attempting to defend Vice-President Sara Duterte-Carpio at a hearing deliberating her impeachment charges. The remarks, made during deliberations of the House of Representatives’ Committee on Justice on Tuesday, prompted objections from female lawmakers, calls for his statement to be removed from the record and warnings from officials that such comments could violate laws against gender-based harassment. Quezon City Representative Angel “Bong” Suntay had been defending a statement Duterte-Carpio made in October 2024 against President Ferdinand Marcos Jnr , in which she admitted imagining herself beheading the president – a remark cited in impeachment complaints as an act of government destabilisation. Advertisement Suntay argued that Duterte-Carpio could not be penalised for expressing thoughts alone, comparing it to an imagined scenario involving one of the Philippines’ most prominent celebrities. “Once I was in Shangri-La, I saw Anne Curtis. She is so beautiful. I felt a desire in me creep up. I felt the heat inside me and I imagined what could happen, but that is only my imagination. I don’t think I can be charged for the things I imagined,” he said. Sarah Elago (left) with fellow Philippine legislators Antonio Tinio and Renee Louise Co in January. Photo: EPA Several female lawmakers present at the hearing objected immediately and moved to have Suntay’s remarks stricken from the record.
Artem_Egorov/iStock via Getty Images A guest post by Ovi All of the Crude plus Condensate (C + C) production data for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM which provides updated production information up to December 2025. U.S. December oil production decreased by 133 kb/d to 13,655 kb/d and is down by 209 kb/d from October. The largest decreases came from the Big 3...
Artem_Egorov/iStock via Getty Images A guest post by Ovi All of the Crude plus Condensate (C + C) production data for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM which provides updated production information up to December 2025. U.S. December oil production decreased by 133 kb/d to 13,655 kb/d and is down by 209 kb/d from October. The largest decreases came from the Big 3, TX, NM and ND. January’s production is expected to drop by 110 kb/d to 13,545 kb/d according to the January STEO. Peak US oil production occurred in October 2025 at 13,864 kb/d. According to this article : U.S. would lose an average of 340 kb/d in January 2026 due to the cold weather. “Most of the remaining outages were in the Permian Basin in Texas and New Mexico, which accounts for around half of U.S. crude production, according to Energy Aspects analyst Jesse Jones, who said production there was recovering quickly.” The dark blue graph, taken from the January 2025 STEO, is the U.S. oil production forecast from January 2026 to December 2027. Output for December 2027 is expected to drop to 13,211 kb/d. From December 2025 to December 2027, U.S. oil production is expected to drop by 444 kb/d. Note the almost flat production in the Onshore L48 from July 2025 to November 2025, 11,436 kb/d to 11,407 kb/d, respectively, red/light blue graph. Last month I wrote: “US oil production will peak between October 2025 and December 2025. October has a chance. Onshore L48 almost guaranteed to have peaked in August.” At this point, October and August are the two peaks. The light blue graph is the STEO’s forecast for the Onshore L48 output to December 2027. From December 2025 to December 2027, production is expected to decrease by 365 kb/d to 10,861 kb/d. U.S. Oil Production Ranked by State Listed above are the 10 US states with the largest oil production along with production from the Gulf of Mexico. These 10 states accounted for 82.7% of all U.S. oil production out of a total production...
Nvidia took longer to figure this out than it should have, but at least now it is taking the high road. The chip maker last week said it would no longer exclude stock-based compensation expense from its nonstandard financial metrics, starting with the current quarter. Nvidia’s decision is a welcome move, and means the adjusted profits that it highlights will be more in line with the results it rep...
Nvidia took longer to figure this out than it should have, but at least now it is taking the high road. The chip maker last week said it would no longer exclude stock-based compensation expense from its nonstandard financial metrics, starting with the current quarter. Nvidia’s decision is a welcome move, and means the adjusted profits that it highlights will be more in line with the results it reports under GAAP accounting.
The last time an armed conflict upended the global energy economy, crude spiked past $100 and shares in oil and gas producers rallied for months. A similar trajectory might be unfolding as war rages in the Middle East. Already, crude prices have soared more than $10 a barrel, though both Brent and West Texas International remain well below $100. The sharp rise has ushered inflation worries to the ...
The last time an armed conflict upended the global energy economy, crude spiked past $100 and shares in oil and gas producers rallied for months. A similar trajectory might be unfolding as war rages in the Middle East. Already, crude prices have soared more than $10 a barrel, though both Brent and West Texas International remain well below $100. The sharp rise has ushered inflation worries to the top of the list of market threats, and investors are pouring cash into shares of energy producers at a rate not seen since Russia escalated its war against Ukraine in 2022. Oil and gas prices spiked after key shipping and refining infrastructure was taken offline as the US, Israel and Iran waged a widespread war in the Middle East. The rise in related stocks tracks, though it also serves as a way for investors to hedge against inflation that a prolonged spike in energy prices likely will usher in. “Events like this point to why you should always have some energy exposure,” said Stacey Morris , head of energy research at VettaFi. She said that traders with a longer-term inflation view are likely to keep adding more oil and gas stocks to their portfolios as a hedge, even though the stocks have climbed sharply to start the year. “People like to buy stuff when it’s going up, even though we’ve all been taught to buy low,” she said. The State Street Energy Select Sector SPDR fund, which has seen net outflows of nearly $14 billion in the last three years, has taken in $4 billion in the first two months of 2026. The two largest weights in the fund, Exxon Mobil Corp. and Chevron Corp. , are up 26% and 24% — even after energy producers joined a broader market selloff Tuesday. Oil and gas stocks are a perfect inflation hedge, better even than gold, said Sam Baldwin , senior portfolio manager at Guardian Capital LP. “People think of gold as being an inflation hedge, but in 2022 that didn’t work out so well,” Baldwin said. He added that he’s been adding energy stocks over gold stocks fo...
The bull market that began in October 2022 has been a sight to behold. Ever since the inflation tantrum in 2021-22, stocks have been ripping higher amid the artificial intelligence (AI) revolution and falling inflation. The S&P 500 is up 88.5% since the beginning of 2023, delivering remarkable returns in just over three years. When will this current bull market in stocks end? While predicting the ...
The bull market that began in October 2022 has been a sight to behold. Ever since the inflation tantrum in 2021-22, stocks have been ripping higher amid the artificial intelligence (AI) revolution and falling inflation. The S&P 500 is up 88.5% since the beginning of 2023, delivering remarkable returns in just over three years. When will this current bull market in stocks end? While predicting the exact timing of a bear market and a sustained period of falling stocks is futile, the characteristics of this bull market offer some clues about when the next shoe might drop. Here's what could happen that would likely lead to the U.S. bull market ending and stocks tipping over into bear market territory, and what it could mean for your portfolio this decade. The current market is tied to AI and GDP growth Anyone interested in investing is aware of the rapid build-out of AI data centers, spending on computer chips, and the massive amounts of capital being raised by AI labs such as Anthropic. The Federal Reserve estimates that the data center buildout is significantly affecting U.S. gross domestic product (GDP) growth. GDP measured 3.8% in the second quarter, 4.4% in the third, and 1.4% in the fourth quarter of 2025. We can also quantify the massive investments by looking at the capital expenditure plans of the large technology providers. Combined, these companies have announced plans to put over $600 billion into cloud infrastructure -- mostly to serve their AI needs -- this calendar year. This affects economic activity in many ways, including the growing demand for raw materials, computer chips, labor, and electricity to run these data centers. All this is currently boosting the country's GDP growth and raising stock prices to record highs. If you look at the list of the largest stocks in the world by market cap (Nvidia, for example), almost all of them are seeing a boost from spending on AI data centers. Will the bull market in equities end? With GDP growth and the moment...
"If they haven't got care in their heart then they're not going to be a good carer... They've got to have the right personality and have the right skills," she says.
"If they haven't got care in their heart then they're not going to be a good carer... They've got to have the right personality and have the right skills," she says.
Donald Trump has said he does not care whether Iran participate in this summer’s World Cup, which is being jointly hosted by the United States, Mexico and Canada. The US and Israel began attacking targets in the country on Saturday, with the conflict in the Middle East since spreading to the wider region. US president Trump told Politico: “I really don’t care. I think Iran is a very badly defeated...
Donald Trump has said he does not care whether Iran participate in this summer’s World Cup, which is being jointly hosted by the United States, Mexico and Canada. The US and Israel began attacking targets in the country on Saturday, with the conflict in the Middle East since spreading to the wider region. US president Trump told Politico: “I really don’t care. I think Iran is a very badly defeated country. They’re running on fumes.” Iran was the only nation missing from a Fifa planning summit for World Cup participants held this week in Atlanta, deepening questions over whether the country’s team will compete on US soil this summer amid an escalating regional war. Fifa did not immediately respond to a Reuters request for comment. Mehdi Taj, the president of the Football Federation of the Islamic Republic of Iran, said the viciousness of the attacks by US and Israeli forces did not augur well for the World Cup, to be held from 11 June to 19 July. Iran secured a trip to a fourth successive World Cup by topping Group A in the third round of Asian qualifying last year. The Iranians were in Group G with Belgium, Egypt and New Zealand. Their matches are scheduled to take place in the US, two in Los Angeles and one in Seattle. If both the US and Iran finish second in their respective groups, the two countries could meet in a 3 July elimination match in Dallas. Iran is one of two competing nations subject to Trump’s most restrictive travel ban, enacted by executive order last June, according to Politico. While the ban carves out World Cup teams and support personnel, decisions on visa exceptions for others – including government figures or executives from team-sponsoring companies – are left to the state department on a case-by-case basis. Andrew Giuliani, director of the White House Fifa World Cup Task Force, said in a January interview in Colorado Springs that security concerns would shape the administration’s approach to travel ban exceptions. In a statement to Politico ...
Elon Musk is expected to take the stand in a shareholder trial on Wednesday in San Francisco, where he is accused of making false and misleading statements that drove down Twitter's share price before he bought the social media platform for $44 billion (€37.9 billion) in 2022. ADVERTISEMENT ADVERTISEMENT The lawsuit was filed in October 2022 in the US District Court for the Northern District of Ca...
Elon Musk is expected to take the stand in a shareholder trial on Wednesday in San Francisco, where he is accused of making false and misleading statements that drove down Twitter's share price before he bought the social media platform for $44 billion (€37.9 billion) in 2022. ADVERTISEMENT ADVERTISEMENT The lawsuit was filed in October 2022 in the US District Court for the Northern District of California on behalf of Twitter shareholders who sold the stock between 13 May and 4 October 2022, a few weeks before Musk's purchase of Twitter was finalised. It claims Musk violated federal securities laws by making false public statements that "were carefully calculated to drive down the price of Twitter stock". The billionaire Tesla chief executive reached a deal to buy Twitter and take it private in April 2022. On 13 May, however, he declared his plan "temporarily on hold" and said he needed to identify the number of spam and fake accounts on the platform. Twitter's stock tumbled as a result. A few days later, he tweeted that the deal "cannot go forward" and claimed that almost 20% of Twitter accounts were "fake," according to the lawsuit. Musk's tweet on 13 May, saying "Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users" was "false because the buyout was not, in fact, 'temporarily on hold,'" the lawsuit states. That is because Twitter did not agree to put the deal on hold, and there was nothing in the merger agreement the two parties signed that allowed Musk to do so, according to the lawsuit. In the following weeks, Musk continued to try to delay or withdraw from the deal, which the lawsuit claims he did through false, disparaging statements about Twitter's business that drove the San Francisco company's share price down sharply. In July 2022, Musk doubled down on the bots issue and said he would abandon his offer to buy Twitter after the company failed to provide sufficient informat...
(RTTNews) - Indian shares tumbled on Wednesday as rising uncertainty in global trade and energy markets spooked investors. After U.S. and Israeli forces attacked Iran, Tehran retaliated by striking U.S. embassies and threatening regional economies. Shipping through the Strait of Hormuz was halted, quadrupling tanker costs and causing global air transport chaos. Brent crude futures topped $83 a bar...
(RTTNews) - Indian shares tumbled on Wednesday as rising uncertainty in global trade and energy markets spooked investors. After U.S. and Israeli forces attacked Iran, Tehran retaliated by striking U.S. embassies and threatening regional economies. Shipping through the Strait of Hormuz was halted, quadrupling tanker costs and causing global air transport chaos. Brent crude futures topped $83 a barrel as the conflict posed threats to energy infrastructure and commercial shipping in the Gulf. The conflict widened, with Israel hitting targets in Lebanon, while Iran stepped up missile and drone attacks in the region, targeting Israel, Saudi Arabia, the United Arab Emirates, Oman and Bahrain. Benchmark indexes Sensex and Nifty both fell nearly 2 percent in early trade before recouping some losses as Russia announced its preparedness to increase oil deliveries to China and India, if needed. As the conflict threatens global fuel trade, U.S. President Donald Trump said the U.S. Navy 'will begin escorting' oil tankers through the Strait of Hormuz, a strategic waterway, if necessary. Trump also said he had instructed officials to provide political risk insurance and financial guarantees at a reasonable cost to secure maritime trade passing through the Gulf, particularly energy shipments. The benchmark BSE Sensex ended the session down 1,122.66 points, or 1.40 percent, at 79,116.19, after having hit a low of 78,443.20 earlier. The broader NSE Nifty index hit an intraday low of 24,305.40 before settling down 385.20 points, or 1.55 percent, at 24,480.50. The BSE mid-cap and small-cap indexes plunged 2.3 percent and 2.2 percent, respectively. The market breadth was weak on the BSE, with 3,237 shares falling while 1,056 shares rose and 140 shares closed unchanged. Among the prominent decliners, Tata Steel slumped 6.8 percent on expectations that global economic growth could slow down due to geopolitical tensions and rising energy costs. Construction & engineering giant Larsen & To...