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WTI ‘Steady’ Near 5-Week Highs As ‘Drill Baby Drill’ Lifts US Crude Production | ZeroHedge

Post author:bitcointalk
Post published:02.04.2025
Post category:ENERGY
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Crude prices continue to tread water above $70 (WTI) this morning (holding Monday's gains on potential sanctions on Russian oil), drifting modestly lower aftr API reported a large crude build overnight ahead of new supply coming this month as OPEC+ begins to unwind 2.2-million barrels per day of production cuts.

However the new supply is being offset with tightened U.S. sanctions on Iran and Venezuela, while Trump this week threatened to impose secondary tariffs on U.S. imports (more…)

US Factory Orders Surge Near Record Highs In Feb (Ignoring ‘Soft’ Data Slump) | ZeroHedge

Post author:bitcointalk
Post published:02.04.2025
Post category:ECONOMICS
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Despite all the 'soft' data slumping and legacy media narrative creation that a recession is imminent, US Factory Orders (hard data) surged for the second month in a row (beating expectations). Headline factory orders rose 0.6% MoM (+0.5% MoM exp) in March and February's 1.7% MoM jump was revised up to +1.8% MoM. This left Factory Orders up 2.5% YoY…

Source: Bloomberg

Core Factory Orders (excluding the more volatile Transportation sector) rose 0.4% MoM – (more…)

Meta To Expand Ray-Ban Smart Glasses Lineup With Display-Enabled Model | ZeroHedge

Post author:bitcointalk
Post published:02.04.2025
Post category:TECHNOLOGY
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Since late summer or fall of 2024, Ray-Ban Meta Glasses have surged in popularity with US consumers, a trend we previously highlighted citing several Goldman reports. The data was primarily based on app downloads worldwide.

Source: Goldman's Jack McFerran

Building on this momentum, Mark Zuckerberg's Meta's Reality Labs division is preparing to capture further market share in the smart glasses segment by releasing a new iteration of its Meta Glasses later (more…)