Category: Latest News

Miami, United States, August 1st, 2025, FinanceWire Akasha, a newly emerging lifestyle brand rooted in creativity, intention, and innovation, has officially filed for federal trademark protection with the United States Patent and Trademark Office. The filing marks a key milestone in the brand’s strategic development as it expands its operations and e-commerce presence from its…

BP (NYSE:BP) shares rose Monday following the announcement of a major oil and gas find offshore Brazil, the company’s biggest in 25 years. The discovery was made in the Santos basin, a deepwater pre-salt region recognized as one of the world’s most promising hydrocarbon hotspots. This marks BP’s tenth discovery of the year, building on…

Shares of Blade Air Mobility (NASDAQ:BLDE) soared by up to 27% during Monday’s premarket session after reports surfaced that Joby Aviation (NYSE:JOBY) is looking into acquiring the helicopter ride-sharing service. Meanwhile, Joby Aviation’s own shares gained as much as 3.1% in early trading, according to sources close to the situation. JPMorgan analyst Bill Peterson commented,…

Oil prices fell in early Monday trading in Asia after OPEC+ confirmed another production increase for September, fueling fears of oversupply amid signs of weakening U.S. demand and rising global trade tensions. The decline followed Friday’s losses, triggered by underwhelming U.S. jobs data that highlighted potential softness in the world’s largest oil market. At the…

The dollar extended its retreat on Monday after a disappointing U.S. jobs report added fuel to speculation that the Federal Reserve may begin easing rates as early as next month. As of 04:20 ET (08:20 GMT), the U.S. Dollar Index—measuring the greenback against a basket of six major currencies—fell another 0.2% to 98.722, after losing…

Kosmos Energy (NYSE:KOS) posted a net loss of $88 million for the second quarter of 2025, significantly wider than analyst forecasts, prompting the company to lower its production and capital spending projections for the full year. Adjusted figures showed a net loss of $93 million, also missing the anticipated $43 million loss. Despite the earnings…

BP (NYSE:BP) announced on Monday a major oil and gas discovery in Brazil’s Santos Basin, marking its largest find in a quarter-century. The discovery lies in the deepwater pre-salt region offshore Brazil, known for its vast hydrocarbon potential. BP plans to increase production to between 2.3 million and 2.5 million barrels of oil equivalent per…

Retail investors have been buying stocks at “full speed,” which is obscuring the more cautious stance seen among institutional investors, according to Barclays analysts. In a recent note, the bank highlighted that retail trading volumes in the U.S. are at historic highs, driven mainly by activity in “unprofitable” tech shares and “crowded shorts.” Data from…

August kicked off with a thud for Wall Street, as the Nasdaq and S&P 500 posted their worst weekly declines since late May. The Dow Jones Industrial Average fared even worse, notching its steepest weekly drop since early April. For both the Nasdaq and S&P 500, it marked the first time they fell below their…