
OPEC+ Is Rushing Toward a Production Strategy Crossroads
Ever since OPEC+ stunned oil markets by opening the taps three months ago, traders have tried to divine the cartel's motives. Clarity may soon be at hand.

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Yahoo
23 minutes ago
- Yahoo
SuperCom to Report Second Quarter 2025 Financial Results on August 14, 2025
TEL AVIV, Israel, Aug. 1, 2025 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT and Cybersecurity sectors, will hold a conference call on Thursday, August 14, 2025, at 10:00 a.m. Eastern time (7:00 a.m. Pacific Time / 5:00 p.m. IL time) to discuss its financial results for the second quarter ended June 30, 2025. Financial results will be issued in a press release prior to the call. SuperCom management will host the conference call, followed by a question-and-answer period. Conference Call Dial-In Information: Date: Thursday, August 14, 2025Time: 10:00 a.m. Eastern time (7:00 a.m. Pacific time)U.S. toll-free: 877-545-0523Israel toll-free: 1-809-423-853International: 973-528-0016Access Code: SuperCom Link: Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. About SuperCom Since 1988, SuperCom has been a global provider of traditional and digital identity solutions, providing advanced safety, identification and security solutions to governments and organizations, both private and public, throughout the world. Through its proprietary e-government platforms and innovative solutions for traditional and biometrics enrollment, personalization, issuance and border control services, SuperCom has inspired governments and national agencies to design and issue secure Multi-ID documents and robust digital identity solutions to its citizens and visitors. SuperCom offers a unique all-in-one field-proven RFID & mobile technology and product suite, accompanied by advanced complementary services for various industries including healthcare and homecare, security and safety, community public safety, law enforcement, electronic monitoring, and domestic violence prevention. For more information, visit Logo: SuperCom IR Contact: ir@ View original content: SOURCE SuperCom


TechCrunch
25 minutes ago
- TechCrunch
Reddit plans to unify its search interface as it looks to become a search engine
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CNN
26 minutes ago
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Trump's new tariffs have no precedent in the modern era
In just six months, President Donald Trump has remade global trade and upended a century of precedent. Trump on Thursday announced higher tariffs — again — on just about every country in the world. Even as some countries' tariff rates came in lower than they had feared, practically all goods coming in to the United States face a significantly higher tax than when Trump took office in January. The new trade regime will put in place the highest tariffs America has imposed since 1933, during the Smoot-Hawley era — a tariff bill that contributed to the deepening of the Great Depression. The higher tariffs threaten to disrupt the global economy again. Despite a milder-than-expected impact so far at home, there's already some evidence Trump's tariffs are — slowly — reigniting inflation and slowing the US economy. That danger is why leaders of developed countries for decades have largely lowered tariff rates and welcomed globalization — actions that have fueled the services economy backed by Big Tech and finance, but have also contributed to the offshoring of factories and manufacturing jobs. Last year, imports to the United States faced an effective tariff rate of 1.2%, a low tax that has fallen over the course of many decades. Declining tariffs in part persuaded US companies to make their products in foreign countries where labor costs were cheaper — and then ship those goods back into the United States while facing a relatively minuscule tax penalty for doing so. But that rate is set to surge to more than 18% when Trump's new tariffs take effect August 7, according to Yale's Budget Lab. Those taxes will be shared between exporters, importers and retailers, but economists widely expect consumers will pay for some of those tariffs in the form of higher prices. Companies that have for decades relied on overseas manufacturing to maximize profits and keep consumer prices low have declared massive tariff bills over the past few months. Apple on Thursday said it paid $800 million in tariffs last quarter and expects to pay $1.1 billion this quarter. Automakers, including GM, Stellantis and Volkswagen, also reported tariff costs of over $1 billion over the past quarter. Many major retailers, including Walmart and Target, have said recently they wouldn't be able to absorb all the tariff costs and would raise prices for their customers. Trump's tariffs are unpopular in polls, and businesses have fought them. But the White House has a decidedly positive view of its unorthodox strategy. Despite some negative reaction on Wall Street Friday, stocks remain near record highs. US gross domestic product, the broadest measure of the economy, bounced back sharply in the second quarter by some measures. The labor market has remained resilient, and inflation is still reasonably close to normal levels. That has given the Trump administration confidence that it can levy tariffs around the world to accomplish its multifaceted goals: Grow revenue, revive America's manufacturing economy, impose maximum political pressure and restore the balance of trade between the United States and the rest of the world. Tariffs have worked in many of those regards: The Treasury Department reports about $150 billion in tariff revenue since Trump took office, up considerably from previous years. Numerous American manufacturers have announced major commitments to build new factories in the United States. Trump has used the threat of tariffs to impose his will on multiple countries to negotiate everything from peace deals to lower taxes. And America's trade gap briefly narrowed earlier this year. However, each of those victories comes with considerable caveats. Tariff revenue is paid in the form of a tax on US importers, not foreign countries as Trump routinely claims. Many of the companies' factory announcements were already in the works or are years away from taking place, and — considering America has about 400,000 open manufacturing jobs it can't fill — it's not clear where the labor force for those factories will come from. Trump's tariff threats don't always work and sometimes penalize US consumers, who have to pay higher prices as a result. And the trade gap, after countries worked through their pre-tariff inventories, is widening again. It's unclear how history will view this moment. Trump's grand trade experiment so far has paid off better than most had expected. But economists continue to fear a delayed shock reaction that could damage the global economy and take America's standing in the world down a peg.