📍 Context ✅ OPEC+ announced the extension of substantial oil production cuts into 2025 to stabilize the market amid: 1.Sluggish demand, 2.High interest rates, 3.Rising U.S. oil production.
📍 About OPEC+ ✅ A group of 22 oil-exporting countries that meets to regulate global oil supply. ✅ Core members: 12 OPEC countries and 10 non-OPEC nations, including Russia, Kazakhstan, and Malaysia. ✅ Produces 40% of the world's oil, making it a key player in global energy markets.
📍 About OPEC ✅ Formation: Established in 1960 at the Baghdad Conference by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. ✅ Members: Includes Algeria, Congo, Libya, Nigeria, UAE, among others, producing nearly 30% of the world’s oil. ✅ Headquarters: Located in Vienna, Austria. ✅ Note: Angola withdrew from OPEC effective January 1, 2024.
📍 Context ✅ OPEC+ announced the extension of substantial oil production cuts into 2025 to stabilize the market amid: 1.Sluggish demand, 2.High interest rates, 3.Rising U.S. oil production.
📍 About OPEC+ ✅ A group of 22 oil-exporting countries that meets to regulate global oil supply. ✅ Core members: 12 OPEC countries and 10 non-OPEC nations, including Russia, Kazakhstan, and Malaysia. ✅ Produces 40% of the world's oil, making it a key player in global energy markets.
📍 About OPEC ✅ Formation: Established in 1960 at the Baghdad Conference by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. ✅ Members: Includes Algeria, Congo, Libya, Nigeria, UAE, among others, producing nearly 30% of the world’s oil. ✅ Headquarters: Located in Vienna, Austria. ✅ Note: Angola withdrew from OPEC effective January 1, 2024.
Pinterest (PINS) closed at $71.75 in the latest trading session, marking a -0.18% move from the prior day. This change lagged the S&P 500's daily gain of 0.1%. Meanwhile, the Dow gained 0.9%, and the Nasdaq, a tech-heavy index, lost 0.59%.
Heading into today, shares of the digital pinboard and shopping tool company had lost 17.41% over the past month, lagging the Computer and Technology sector's loss of 5.38% and the S&P 500's gain of 0.71% in that time.
Investors will be hoping for strength from PINS as it approaches its next earnings release. The company is expected to report EPS of $0.07, up 170% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $467.87 million, up 72.05% from the year-ago period.
Unlimited members in Telegram group now
Telegram has made it easier for its users to communicate, as it has introduced a feature that allows more than 200,000 users in a group chat. However, if the users in a group chat move past 200,000, it changes into "Broadcast Group", but the feature comes with a restriction. Groups with close to 200k members can be converted to a Broadcast Group that allows unlimited members. Only admins can post in Broadcast Groups, but everyone can read along and participate in group Voice Chats," Telegram added.
