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OilPrice

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Malaysia's Oil Production Fell 5.5% in Q1

Malaysia's crude and condensate production dropped by 5.5% from a year earlier to 43 million barrels in the first quarter of 2026, due to a slump in crude output, the Department of Statistics Malaysia (DOSM) said on Friday. Crude oil production dipped by 9.4% to 28.1 million barrels in the first quarter, down from 31.5 million barrels for the same period of 2025, the data showed. Condensate output increased by 3% to 14.9 million barrels, up from 14.4 million barrels in the first quarter of 2025. Malaysia's natural gas output fell by 2.1%, according…

OilPrice

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Iranian, Russian Crude Premiums Slide as China Pulls Back on Imports

Weak demand from Iran’s top crude buyer, China, has dragged Iranian flagship oil prices into discounts to ICE Brent for the first time in two months, trade sources told Reuters on Thursday. Demand for Iranian oil in its biggest export market has waned in recent weeks, as imports in China slump to multi-month lows and the independent refiners, the so-called teapots that buy the bulk of Iran’s oil, reduce run rates. This has dragged the price of Iranian Light crude to discounts ranging from $0.50 to $1 per barrel to ICE Brent for delivery…

New York Post

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Open-air drug markets a reminder: much work still to do in San Francisco’s Tenderloin

It’s 3 a.m. in San Francisco’s Tenderloin district, and an all-night, drug-fueled party has been raging for hours. The sidewalks are littered with trash and human feces. Addicts huddle in the alleys, inhaling fentanyl fumes through plastic straws; others are slumped over, barely conscious. Makeshift homeless encampments line block after block. Dealers are everywhere. On...

CNBC Top News

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Bitcoin set to slump to new lows for 2026 after recent sell-off, traders forecast

The cryptocurrency is likely to break below its lows hit in early February, traders on prediction market Kalshi believe.

OilPrice

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China Draws Down Billion-Barrel Stockpile as Iran War Cuts Imports in Half

The Iran War and the oil and gas market disruption it has caused have prompted a massive drop in Chinese crude oil imports. These were estimated at a little over 6 million barrels daily last month, down from almost 11.40 million barrels daily in February. The twist: China is the country that can afford such a slump, thanks to its inventories. May imports stood at a daily average of 6.36 million barrels, Kpler data cited by Reuters’ Clyde Russell showed this week. This was down from 8.10 million barrels daily for the previous month and from…

Forbes Business

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IT/기술

Bitcoin Falls Below $70,000 For The First Time Since April

The price of the world’s most valuable cryptocurrency slumped after its biggest institutional holder disclosed a sale for the first time since 2022.

CBS News

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Americans' financial literacy slumps to a 10-year low

A TIAA-Stanford University survey found that fewer people can correctly answer questions involving basic financial concepts. See how you fare.

New York Post

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Yankees’ Aaron Boone has theory on what’s behind Austin Wells’ offensive slump

As someone who played the game himself, Aaron Boone knows that fixing a hitter’s slump is easier said from the dugout than done from the batter’s box.

OilPrice

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Oil Prices Set to Slump 19% in May as Market Bets on U.S.-Iran Deal

Early on Friday, oil prices were on track to plunge by 19% in May as traders and speculators bet on an extended ceasefire and an eventual U.S.-Iran deal despite the biggest physical supply disruption in history. Brent Crude prices were poised to drop by 19% in May by the end of the trade day on Friday, which would be the steepest monthly decline in prices since 2020. Early on Friday, Brent Crude front-month futures traded flat at $93.84 per barrel, while the U.S. benchmark, WTI Crude, was down by 0.12% at $88.94 a barrel. The slump in prices in…

New York Post

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How the Mets are trying to guide Nolan McLean out of his first slump

The Mets need their rookie co-ace to rebound if they have any shot of rising from this deep hole.

Quartz

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U.S. new home sales slumped in April, falling short of forecasts

Sales dropped 6.2% from March to an annualized rate of 622,000 units, missing economist expectations of 660,000

CNBC Top News

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Kohl's stock spikes 20% as slumping retailer says sales trends are improving

Kohl's reported its best comparable sales growth in four years on Thursday even as it saw revenue decline.

CNBC Top News

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Best Buy beats on top and bottom lines as retailer aims to reinvigorate sales

Best Buy reported better-than-expected earnings on Thursday as the company works toward turning around its sales slump.

CNBC Top News

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Silver could fall further after latest slump, analysts say as they warn of demand destruction

Silver's rally of over 140% last year is deterring buyers in various industries and its elevated price levels are beginning to weigh on demand, UBS said.

Forbes Business

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Dodgers’ Mookie Betts Calls For More Support, ‘It Just Sucks’

The Los Angeles Dodgers’ superstar shortstop called out the team’s fans for their negativity as he works through a slump.

CNBC Top News

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산업/기업

Salesforce CEO Marc Benioff outlines his plan to turn around his struggling stock

Salesforce CEO Marc Benioff said the company’s strategy during its stock slump is to continue delivering strong products for customers and buy back shares.

OilPrice

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China's Solar Additions Drop 79% in April as Domestic Market Slumps

China installed much less solar power capacity in April from a year earlier as the domestic solar market continues to adjust to a change in policy following record-high installations and a major glut in recent years. Chinese developers added just 9.52 gigawatts (GW) of new solar power capacity last month, per official data from China's National Energy Administration cited by Bloomberg. The new capacity compares to the massive 45 GW solar expansion in April 2025, when companies rushed to install gigawatts ahead of a major policy change in the pricing…

New York Post

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Marcus Semien’s prolonged slump continues as concerns mount for Mets

Marcus Semien’s season hasn’t had many highlights, and these days he stands among the symbols of the Mets lineup’s futility.

CBS News

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Andrew Ross Sorkin sees worrying signs in market after months of ups

Stocks on Wall Street have rallied in recent months, but author Andrew Ross Sorkin sees a crash coming. The question is: when will the bubble pop, and how much will the market slump when it does?

CBS News

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Applying lessons from the Wall Street crash of 1929 to today's market | 60 Minutes

Stocks on Wall Street have rallied in recent months, but author Andrew Ross Sorkin sees a crash coming. The question is: when will the bubble pop, and how much will the market slump when it does?

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Malaysia's Oil Production Fell 5.5% in Q1

Iranian, Russian Crude Premiums Slide as China Pulls Back on Imports

Open-air drug markets a reminder: much work still to do in San Francisco’s Tenderloin

Bitcoin set to slump to new lows for 2026 after recent sell-off, traders forecast

China Draws Down Billion-Barrel Stockpile as Iran War Cuts Imports in Half

Bitcoin Falls Below $70,000 For The First Time Since April

Americans' financial literacy slumps to a 10-year low

Yankees’ Aaron Boone has theory on what’s behind Austin Wells’ offensive slump

Oil Prices Set to Slump 19% in May as Market Bets on U.S.-Iran Deal

How the Mets are trying to guide Nolan McLean out of his first slump

U.S. new home sales slumped in April, falling short of forecasts

Kohl's stock spikes 20% as slumping retailer says sales trends are improving

Best Buy beats on top and bottom lines as retailer aims to reinvigorate sales

Silver could fall further after latest slump, analysts say as they warn of demand destruction

Dodgers’ Mookie Betts Calls For More Support, ‘It Just Sucks’

Salesforce CEO Marc Benioff outlines his plan to turn around his struggling stock

China's Solar Additions Drop 79% in April as Domestic Market Slumps

Marcus Semien’s prolonged slump continues as concerns mount for Mets

Andrew Ross Sorkin sees worrying signs in market after months of ups

Applying lessons from the Wall Street crash of 1929 to today's market | 60 Minutes