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Ambev Sees February Beer Volume Rebound, Sets April Payout Vote Amid Cost Pressures
Ambev's beer production in Brazil showed signs of recovery in February, though analysts warn inventory accumulation could lead to a March correction. The brewer has scheduled a shareholder meeting for April 30 to approve a R$10.90 billion distribution from 2025 profits.
MARA Holdings Soars on Bitcoin Sale to Slash Debt, Pivot to AI
MARA Holdings shares climbed roughly 8% in Thursday trading following the company's strategic sale of Bitcoin to reduce its debt load and accelerate its expansion into artificial intelligence infrastructure.
Michigan Suspends Summer Gas Rules as Prices Surge Past $3.88
Governor Gretchen Whitmer declared a state of energy emergency in Michigan, suspending stricter summer gasoline regulations in eight southeastern counties to provide relief at the pump as average prices approach $4 per gallon.
Bitmine's Ether Treasury Hits $10.7B Amid Stock Decline
Bitmine Immersion Technologies shares declined despite revealing a substantial treasury of $10.7 billion in crypto, cash, and related assets. The company's ether holdings reached 4.73 million tokens, with over 3.1 million staked for network rewards.
SoFi Expands Enterprise Banking with 24/7 Dollar and Stablecoin Platform
SoFi Technologies has introduced a new enterprise banking platform enabling businesses to manage both traditional dollars and stablecoins around the clock. The stock gained 1.5% following the announcement, which comes weeks before the company's first-quarter results.
American Airlines, Qantas Alliance Gets Interim ACCC Approval Amid Fuel Pressure
The Australian Competition and Consumer Commission has issued interim authorization for the American Airlines-Qantas alliance, allowing coordination to continue while a full review proceeds. The provisional clearance comes as carriers face rising fuel costs and market uncertainty.
Turkish Airlines Expands in Romania with New Timisoara Route
Turkish Airlines has initiated five weekly flights connecting Istanbul and Timisoara, bringing its Romanian destinations to four. The service aims to boost regional trade and tourism through its global network.
Live Nation Stock Holds Wall Street Confidence Despite DOJ Settlement Scrutiny
Live Nation Entertainment shares gained as Wells Fargo and Citizens issued positive analyst notes, highlighting robust financials and growth prospects even with a pending DOJ settlement. The concert giant reported record 2025 revenue and attendance.
Oil Surges on Renewed Hormuz Tensions, Fueling Inflation Fears
Oil prices surged sharply Thursday, with Brent crude exceeding $109 and WTI climbing past $111, following renewed geopolitical tensions over the Strait of Hormuz. Analysts warn U.S. gasoline could hit $5 a gallon if the vital waterway remains closed.
U.S. Mortgage Rates Hit 6.46%, Highest Since Fall, Squeezing Spring Buyers
U.S. mortgage rates have surged, with Freddie Mac's benchmark 30-year fixed rate reaching 6.46%, the highest level since September. The jump is cooling housing activity, with purchase applications down and refinancing demand plummeting.
Natural Gas Futures Steady Amid Oversupply, Record LNG Exports
U.S. natural gas futures remained anchored around $2.80 per mmBtu as a larger-than-expected storage injection and unseasonably warm weather countered record March LNG exports. The Energy Information Administration lowered its 2026 price forecast below $3.80.
Silver Tumbles 4% as Geopolitical Tensions Fuel Dollar, Oil Rally
Silver prices declined nearly 4% on Thursday, pressured by a stronger U.S. dollar and surging crude oil following heightened Middle East tensions. The move reversed the previous session's gains.