Author: GT

Chevron stock fell on Friday as the oil major’s profit declined, hurt by the steep drop in oil prices this year.U.S. crude oil prices have fallen about 18% this year as President Donald Trump’s tariffs are expected to weigh on demand at the same time OPEC+ plans to pump more supply into the market.The oil major said it plans to repurchase $2.5 billion to $3 billion of its own stock in the second quarter, which is lower than the $3.9 billion it bought back in the first quarter.Chevron shares were recently down more than 2% in premarket trading. Here is…

Payments processing software provider Stripe is ready to help iOS app developers bypass Apple’s cut of App Store transactions. Following yesterday’s ruling in the Apple-Epic antitrust trial, where Judge Yvonne Gonzalez Rogers outright shamed Apple for not permitting external payment links in apps as she had previously ruled, Stripe shared documentation that shows iOS developers how to avoid the Apple commission. In a post on X, Stripe product manager Michael Luo said the team “cooked up a quick guide” that walks iOS developers through how to accept payments using Stripe outside of their apps, so they can take advantage of…

FILE PHOTO: The Exxon corporate logo is pictured at one of the company’s gas stations in Arlington, Virginia.Jason Reed | ReutersExxon Mobil reported first-quarter earnings Friday that beat Wall Street expectations, but declined from the prior year as crude oil prices have fallen sharply on fears that President Donald Trump’s tariffs will hit global demand.The oil major said volume growth in the Permian Basin and Guyana combined with cost-cutting measures largely offset lower earnings from weak oil prices. U.S. crude prices have fallen 18% this year as Trump’s tariffs raise fears of slower demand at the same time producers in…

Mach Industries, the defense tech founded by 21-year-old Ethan Thornton, is about to close a fresh $100 million in financing co-led by new investor Khosla and existing investor Bedrock Capital, a source familiar with the deal tells TechCrunch. The new round will value the company at around $470 million, according to the source. However, the deal hasn’t closed and terms may still change. The Khosla investor leading the deal is Keith Rabois. Mach Industries is a buzzy defense tech startup, a status propelled by its founding origin story and connection to Sequoia. Thornton was just a teenager when he dropped…

Bitcoin (BTC) is trading above $97,000 during the Asian morning hours as the market breathes a sigh of relief that the U.S. and China are said to be working on a trade deal, even if the market is also skeptical that a deal will be reached this month. (CoinDesk) “The U.S. has proactively reached out to China through multiple channels, hoping to hold discussions on the tariff issue,” China state media posted on social media. Dogecoin (DOGE) led gains among majors with a 4% rise in the past 24 hours. Cardano’s ADA, XRP, ether (ETH) and BNB rose between 1-3%,…

Anthropic just launched ‘Integrations’ for Claude that enables the AI to talk directly to your favourite daily work tools. In addition, the company has launched a beefed-up ‘Advanced Research’ feature for digging deeper than ever before. Starting with Integrations, the feature builds on a technical standard Anthropic released last year (the Model Context Protocol, or MCP), but makes it much easier to use. Before, setting this up was a bit technical and local. Now, developers can build secure bridges allowing Claude to connect safely with apps over the web or on your desktop. For end-users of Claude, this means you…

Apple CEO Tim Cook offered the company’s first comments on the impact of President Trump’s tariffs during Thursday’s second-quarter earnings call with investors. While the iPhone maker saw only “limited impact” from tariffs in the March quarter, Cook said Apple couldn’t forecast what that would mean for the coming quarter. However, if things remained the same, the company estimates tariffs will only add $900 million to its costs in Q3. The news was a relief to investors, with one even calling it a “pretty good outcome.” However, investors were still concerned as to what the next quarters could hold, given…

Bitcoin’s price has been rising in recent weeks. The cryptocurrency recently made a bullish crossover, with its 20-day moving average crossing above its 50-day moving average. The digital currency, however, could fall back in value if investors grow concerned about the economy. Bitcoin (CRYPTO: BTC) has been picking up steam in recent weeks. It’s back up to where it was around a few months ago, and it may not be long before it hits the $100,000 mark again — the last time it breached that was in early February. It only needs to rise another 15% to hit a new…

Increased tariffs cost Apple $900 million last quarter, the company said when it announced solid first quarter results. While almost a $1 billion in extra fees paid to the government is nothing to sneeze at, Apple is so enormous that one analyst on the quarterly earnings call described the hit as surprisingly low. Apple reported first quarter revenue of $95.4 billion. And even with the tariff payment, it still reported earnings per share profit of $1.65, a first-quarter record, it said. The big question on the minds of tech users — as well as many tech startups that prefers to…

Reddit CEO Steve Huffman says there are two kinds of people who come to the social media platform: Scrollers and seekers. Scrollers are the ones who come to Reddit’s core product, which is community conversation and engaging about topics they’re passionate about, from r/sourdough to r/popculturechat. Then there are the Seekers; the people who might type their specific query into Google Search and tack “Reddit” on the end so they can find real advice and opinions from real people.  Reddit Answers, the company’s AI-powered chatbot that surfaces verbatim answers and summaries from existing Reddit posts, is for the Seekers. And early…