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U.S. crude oil traded above $71 per barrel on Tuesday, as optimism grows that the Federal Reserve will cut interest rates this week and production is still disrupted in the Gulf of Mexico. “Supply disruptions are making their mark, including Hurricane Francine’s impact on US Gulf of Mexico infrastructure,” said Svetlana Tretyakova, senior analyst at Rystad Energy. “Expectations of a US Federal Reserve rate cut are gaining momentum, which could be good news for demand,” Tretyakova said. Here are Tuesday’s energy prices:West Texas Intermediate October contract: $71.20 per barrel, up $1.11, or 1.58%. Year to date, U.S. crude oil is down…

‘Family values’ bill is adopted despite being denounced by the president, rights groups and the European Union.Georgian politicians have approved the third and final reading of a law on “family values and the protection of minors” that would impose sweeping curbs on LGBTQ rights. The bill, adopted on Tuesday, would provide a legal basis for authorities to outlaw Pride events and public displays of the LGBTQ rainbow flag, and to impose censorship of films and books. It also bans gender transition, adoption by gay and transgender people, and nullifies same-sex marriages performed abroad on Georgian territory. In a vote boycotted…

We can’t get enough of Stanley’s limited-edition tumbler designs, but their newest collection may be our favorite yet.Stanley has teamed up with one of the most iconic personalities of the century: Barbie. Every day this week, from Monday, September 16 to Friday, September 20, the viral drinkware brand is releasing new tumblers from the Barbie x Stanley collection. These Quencher H2.0 FlowState tumblers feature chic designs inspired by Barbie throughout the eras — and they’re sure to sell out fast.Shop the Barbie x Stanley CollectionEach day, shoppers can find one or two new tumblers influenced by Barbie herself on the…

Home equity solutions provider Unison launched a new product on Tuesday that combines the features of traditional mortgage financing and emerging home equity investment (HEI) options. The San Francisco-based Unison calls its new offering the Equity Sharing Home Loan. The company explained that the product operates as a ”hybrid between debt and equity.” It’s initially available in Arizona, Utah and Colorado, and a spokesperson said the company has plans to expand into states representing 50% of U.S. home equity by the end of this year. The product is a second mortgage with a below-market interest rate that allows a homeowner…

Oracle stock is on a tear. Shares of the business software company shot up 5% on Monday and are up 64% for the year.But those numbers are kind of abstract to most people. And lots of people don’t really care about enterprise software or AI bills.So let’s put it in context: The Oracle boom means that Larry Ellison, one of the world’s richest men, is now much, much richer. Ellison, who co-founded Oracle, owns 40% of the company. Over the past two years, Ellison’s net worth has more than doubled — from $80 billion to $181 billion.And here’s more context…

Dozens of members of Lebanon’s Hezbollah movement have reportedly been injured after handheld pagers they use to communicate exploded.Lebanon’s state-run National News Agency said the incident took place in the southern suburbs of Beirut, which is a stronghold of the Iran-backed armed group, and several other regions.A Reuters journalist reported seeing 10 Hezbollah members bleeding from wounds in southern Beirut.A Hezbollah official meanwhile told the news agency that the incident constituted the “biggest security breach yet”. Source link

Sean “Diddy” Combs appears to be in major trouble with the law. The rapper and businessman was arrested at a Manhattan hotel on Monday, September 16 after having been indicted by a grand jury. According to TMZ, Homeland Security agents swooped into this premises and possibly searched Didd’s room, taking the celebrity into custody based on sealed a indictment filed by the Southern District of New York. We’re expected to learn more details in regard to the specific charges on Tuesday. Diddy performs at O2 Shepherd’s Bush Empire in a special one night only event at O2 Shepherd’s Bush Empire…

Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. There’s a lot of confusion around the particulars of the National Association of Realtors (NAR) commission lawsuit settlement and the resulting business practice changes. Compliance expert Summer Goralik is here to help clear up some of the looming questions so that we can move forward together as…

If Robert Kaplan still had a say in the matter, he’d be pushing for a half percentage point interest rate reduction at this week’s Federal Reserve meeting.The former Dallas Fed president told CNBC on Tuesday that making the bolder move of 50 basis points would better position policymakers heading into the latter part of the year and the economic challenges ahead.”If I were sitting at the table, I would be advocating for 50 in this meeting,” Kaplan said during a “Squawk Box” interview. “I think the Fed may be a meeting or so late, and if I had a do-over,…

International law – explained.From the Gaza war to Ukraine – the role of international law has been under intense scrutiny recently. What exactly is international law? How does it work? And what’s the point of it if so often it doesn’t seem to lead to the accountability and justice that many people want? Sandra Gathmann takes #AJStartHere to The Hague – home of the International Court of Justice (ICJ) and International Criminal Court (ICC) – to explain. Source link