Skip to content
Search

Latest Stories

Hard Numbers

Hard Numbers: OPEC+ ain’t eager to pump, Mexico woos Trump with drug bust, Bitcoin to the moon, Merkel’s book is a blockbuster, Quake hits the Golden State

​Police officers stand guard on the rooftop of Vienna's OPEC headquarters before the start of meeting of OPEC oil.

Police officers stand guard on the rooftop of Vienna's OPEC headquarters before the start of meeting of OPEC oil.

REUTERS/Heinz-Peter Bader
Make us preferred on Google
3.85 million: The OPEC+ oil cartel on Thursday agreed to extend production cuts of 3.85 million barrels into 2026 amid soft demand and concerns about what the incoming Trump administration’s tariff policies might mean for future markets. Some of the cuts will begin to expire in April, but the market seems to believe Trump wants low oil prices, and a full unwinding will not begin until the end of 2026, according to the new plan.

1,100: Mexican authorities in the northern state of Sinaloa seized over 1,100 kilograms of fentanyl late on Tuesday in the largest drug bust of its kind in the country’s history. Taking deadly drugs off the street is always a good thing, but critics of the Mexican government say authorities are strategically timing major busts to curry favor with the incoming US administration.

103,000: The price of the cryptocurrency token Bitcoin reached $103,000 on Thursday, breaking its previous record as speculators bet big on a friendly regulatory environment. President-elect Donald Trump appointed Paul Atkins, a crypto promoter, to the Securities and Exchange Commission, prompting the market run.

200,000: Former German Chancellor Angela Merkel’s new book, “Freedom: Memoirs 1954-2021,” is set to become Germany’s bestselling book this year, with 200,000 copies already sold in the week after release. At over 700 pages, you’d expect a juicy nugget or two, but early reviews expressed disappointment that Merkel doesn’t spill much tea on other world leaders and historic events — or reflect on the legacy of some controversial policies, such as welcoming large numbers of refugees and pursuing closer ties with Russia and China.

7.0: A magnitude 7.0 earthquake struck off the coast of Northern California on Thursday morning, triggering evacuation warnings along coastal areas from San Francisco all the way to southern Oregon. Fortunately, a tsunami did not develop, and minimal damage took place from the shaking.

More For You

Betting on Trump
Farida Dowidar
Gabriel Perez, who has worked for the president since 2016, is under fire for his prediction market wagers, allegedly using his access to the speeches to make his bets. At times, Perez reportedly backed out of bets mid-speech when Trump skipped over portions of addresses that he’d bet would be mentioned. Kalshi, the platform used, detected unusual [...]
Hunger strike in India intensifies
Farida Dowidar
Sonam Wangchuk has long campaigned for the reform of India’s corrupt and inefficient system of entrance exams for higher education. That issue is also central to the recently formed Cockroach Janata Party protest movement, led by people decades younger than Wangchuk, who is 59-years-old. In India, millions of students compete vigorously for a [...]
China’s economic engine cools
Will Fitzpatrick
China’s economy posted one of its slowest quarterly growth rates on record. The slowdown was hardly a surprise: earlier this year, Chinese officials set the country’s lowest growth target since 1991. The weak growth is not coming from a decrease in manufacturing. In fact, exports rose 27% year over year in June. Instead, it’s coming from sluggish [...]
No more father-son time for the Bolsonaros
Will Fitzpatrick
The ban comes after a court ruled that Flavio helped his father sidestep his court-ordered social media ban by publishing a letter on his behalf. The message, which highlighted Jair Bolsonaro’s support for Flávio’s presidential bid, was also viewed as premature campaigning, as Brazil’s election season cannot officially begin until Aug. 16. The ban [...]