Walmart is doubling down on rollbacks as inflation pushes prices higher (SPY -0.9%). Bitcoin dips to lowest since February amid China crypto warning.
The Market in Perspective
Here are the headlines moving the markets.
$70 Oil Could Put The Brakes On Chinas Crude Buying Spree Chinas accelerated crude oil stockpiling could be coming to an end with oil at $70 and the possibility that strategic reserves are close to capacity, suggesting that the worlds largest oil importer could slow down crude builds and crude imports. In April, China is estimated to have tapped its crude reserves, according to calculations of Reuters columnist Clyde Russell based on official data. Refiners processed more crude oil last month than the sum of its imports and domestic oil production. This suggests that China used around 280,000
London, U.K. – Nobody is more synonymous with smoking weed than Snoop Dogg at this point. Snoop turned his love for pot into lucrative business opportunities and one of the Cannabinoid companies he’s financially backing will be going public on the London Stock Exchange by the end of this week, according to
Oxford Cannabinoid Technologies which is a pharmaceutical company developing cannabinoid-based prescription medicines revealed on Tuesday (May 18) it had raised $23.4 million from investors ahead of going public.
Oxford Cannabinoid Technologies, a firm that develops cannabinoid-based prescription medicine and is backed by Snoop Dogg will list on London’s main market later this week.
Oxford cannabis treatment company backed by Snoop Dog to trade this week thetimes.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thetimes.co.uk Daily Mail and Mail on Sunday newspapers.