Crude oil prices rebounded from an earlier decline this week, driven by a report from the American Petroleum Institute (API) indicating the first weekly drop in U.S. crude inventories in over a month. Brent crude rose to $73.21 per barrel, and West Texas Intermediate (WTI) to $69.13 per barrel following the API’s report, which showed a decrease of over 600,000 barrels for the week ending February 12. This decline contradicted analyst expectations of a substantial build, estimated at 2.3 million barrels, with some even predicting a 2.6 million barrel increase. The potential for a peace deal between the U.S. and…
Author: Web Desk
A Chinese startup named DeepSeek, based in Hangzhou, caused a significant stir in global equity markets last month. Their cost-effective AI reasoning model, R1, outperformed many Western competitors, triggering a sell-off exceeding $1 trillion. Now, the company is accelerating the release of its successor, the R2 model. Originally planned for an early May launch, DeepSeek now aims to release R2 as soon as possible, according to sources. The company hopes the new model will enhance coding capabilities and expand language reasoning beyond English. This accelerated timeline has not been previously reported. DeepSeek has not provided official comments on this development.…
KARACHI: The Pakistan Stock Exchange (PSX) continued its upward trend for the second consecutive trading day, with the KSE-100 index rising by 198 points, primarily fueled by positive earnings reports from various sectors. The benchmark KSE-100 index closed at 114,528.09 points, marking a 0.17 percent increase from the previous day’s close of 114,330.10 points. The index reached a high of 115,889.60 points and a low of 114,178.56 points during the trading session. Analyst Ahsan Mehanti of Arif Habib Corp attributed the market’s positive performance to strong financial results from fertilizer, cement, oil, and banking companies. He also highlighted expectations of…
“Justin Bieber’s representative is dismissing rumors about the singer’s health. Following recent photos where Bieber, a new father, appeared tired and somewhat thinner, online commenters speculated about his well-being. However, a representative for Justin and Hailey Bieber refuted these claims, telling TMZ that the pop star is focused on creating new music and being a father. They described suggestions about his mental and physical health as “exhausting and pitiful,” and indicative of people’s determination to perpetuate “negative, salacious, harmful narratives.” CNN has reached out to Bieber’s representatives for comment. The representative told TMZ that the past year has been “transformative”…
“Monica Lewinsky, revisiting the events with Bill Clinton that propelled her into the media spotlight over 25 years ago, believes the former president should have resigned from office at the time. In an interview with “Call Her Daddy” podcast host Alex Cooper, Lewinsky discussed how the situation should have been handled by the media and the White House after news broke of her affair with the former president during her White House internship. “I think the right way to handle a situation like that would have been to probably say it was nobody’s business and to resign,” Lewinsky told Cooper.…
“Ladies and gentlemen, the wait is almost over… hopefully. Rihanna has opened up about her highly anticipated next album, a project that has sparked nearly a decade of speculation since her 2016 album “Anti.” In a recent Harper’s Bazaar interview, she addressed the intense anticipation for her new music, stating, “I just cracked the code on what I really want to do for my next body of work. I am actually feeling really good about this.” However, she acknowledged past teases, including the possibility of a reggae-influenced album, saying, “I know I kept saying this over the years… that idea…
“Hunter Schafer has revealed that the gender marker on her passport has been changed to “male.” The “Euphoria” actress shared a video on social media explaining that she needed a new passport after her original one was stolen while filming in Spain last year. “To clarify, my gender markers were initially changed in my teens, when I got my driver’s license, and all subsequent passports have listed me as female,” the 26-year-old stated. “It hasn’t been an issue.” However, due to a recent executive order from the current presidential administration, her new passport now displays “M” for male. The “Cuckoo”…
“The running gag of the night at the SAG Awards was the surprising weight of the “Actor” statuette, juxtaposed with the show’s lighthearted moments. The 31st annual Screen Actors Guild Awards kicked off with a skit featuring Jean Smart as her “Hacks” character Deborah Vance, who, along with her co-stars, mistakenly believed she was hosting. Actual host Kristen Bell apologized to Smart (who was absent but later won an award) and then used a “Frozen” song parody to celebrate actors’ early careers. Bell highlighted the shared dream of becoming a working artist and acknowledged Los Angeles as the backdrop to…
“The infamously disastrous Fyre Festival is, surprisingly, getting a sequel. Fyre Festival 2 is scheduled to take place on Mexico’s Isla Mujeres between May 30 and June 2, according to the festival’s founder, Billy McFarland. McFarland described Fyre Festival 2 in a Monday news release posted on his X page as a “three-day escape to the Mexican Caribbean where you’ll explore by day alongside your favorite talent and come together at night to celebrate with music.” The release also promises “world-class accommodations” and “adventures led by international and local talent, taking guests on boundary-pushing excursions by day and uniting for…
“Canadian rapper and actor Drake has faced significant online mockery after Kendrick Lamar was widely declared the victor in their highly publicized rap feud. Lamar has capitalized on his musical success, particularly his hit song “Not Like Us,” which played a crucial role in the dispute. Since its release, Lamar has topped the charts, performed at the Super Bowl halftime show, and is set to tour with frequent collaborator, singer SZA. Conversely, Drake has maintained a relatively low profile (aside from filing a lawsuit against his record label, alleging their support for “Not Like Us” unfairly tarnished his reputation) until…
