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Russian oil production is falling. In March, it shed half a million bpd, which by the end of April reached a full 1 million bpd, according to BP’s CEO, Bernard Looney. And this may well grow to 2 million bpd this month. These barrels may not be returning to the market any time soon. As the European Union targeted a barrage of sanctions on Moscow, oil was excluded as a direct target but financial and maritime sanctions affected the industry. Now, the EU is proposing a full oil embargo, save… Source link

Kenny Pickett projects as the future at quarterback for the Pittsburgh Steelers. But he’s going to have to earn it. The only quarterback selected in the first round of last week’s draft, Pickett joins a quarterback room in Pittsburgh that include Mason Rudolph and free-agent signing Mitchell Trubisky, both of whom have been starters in the NFL. Steelers coach Mike Tomlin told NFL Network’s Rich Eisen on Wednesday that the Steelers drafted Pickett in part because of his “pro-ready” accuracy. He… Source link

Today Google hardware boss Rick Osterloh confirmed that the company has acquired Raxium, a five-year-old startup with MicroLED technology that could be key in building a new generation of augmented, virtual, and mixed reality headsets. This adds to the evidence that Google’s next big AR move is growing closer: it previously acquired the glasses maker North in 2020, and is reportedly hiring engineers to build an augmented reality operating system. We learned in January that Google Labs… Source link

U.S. stock futures opened slightly lower Wednesday evening after a rally on Wall Street, when many investors breathed a sigh of relief that the Federal Reserve was unlikely to raise interest rates even more aggressively in the coming months. Contracts on the S&P 500 dipped. Earlier, the blue-chip index posted it best single-session gain since May 2020, rising 2.99%. The Nasdaq Composite surged by 3.2%, and the Dow added more than 900 points, or 2.8%. The jump came in the wake of the Federal… Source link

Michael Saylor is perhaps one of the most fervent supporters of Bitcoin on the planet—and that’s saying something, given the almost cultlike community behind the world’s leading cryptocurrency. Saylor, an MIT graduate and the cofounder and CEO of the business intelligence firm MicroStrategy, has become a hero to the Bitcoin faithful ever since his company began stockpiling the cryptocurrency in August 2020. The CEO has gone so far as to call Bitcoin “freedom,” and “the most… Source link

Google Search may feel like magic, but the engine’s efficacy relies on hourly employees who work for a subcontractor. In the internet age, these are, quite literally, the people who help you find the right pair of pants. “If somebody’s looking for pants on the internet, we want to make sure that it’s actually a pair of pants — not a picture of a pair of pants or a sculpture of a pair of pants,” said Christopher Colley, who’s worked as a quality rater since 2017. “Sometimes, you… Source link

A competition complaint against Google’s Android Play Store by Match Group, the company which owns Tinder and a number of other dating apps, has led to a preliminary investigation by the Netherlands’ Authority for Consumers and Markets (ACM) into whether the tech giant is abusing a dominant position, the regulator said today. Match Group declined to comment on the substance of its complaint — but the ACM confirmed it has received “a request for enforcement regarding the Google… Source link

If you search for [Moz] in Google Search, you won’t be seeing the moz.com home page, that page was removed from the Google index due to a DMCA takedown request. The takedown complaint cites that Moz’s home page, along with 185 other URLs were “distribute modified, cracked and unauthorized versions” of the Dr. Driving app. The takedown complaint. The DMCA, The Digital Millennium Copyright Act, takedown complaint can be viewed over here. You can see the Moz home page listed on line 122…. Source link

Traders are betting the Federal Reserve’s 0.5% rate increase today is far from its last this year. Fed funds futures are pricing in hikes of varying sizes for the next five meetings, and Fed officials themselves have endorsed that view — and suggested again today in their statement — that increases will continue. But what if the U.S. economy isn’t strong enough to withstand those rate increases and the Fed is forced to stop? “The Fed was too slow to act when the economy was growing,… Source link

(Bloomberg) — The Federal Reserve delivered the biggest interest-rate increase since 2000 and signaled it would keep hiking at that pace over the next couple of meetings, unleashing the most aggressive policy action in decades to combat soaring inflation. Most Read from Bloomberg The U.S. central bank’s policy-setting Federal Open Market Committee on Wednesday voted unanimously to increase the benchmark rate by a half percentage point. It will begin allowing its holdings of Treasuries and… Source link