Author: Daniel snow

[ad_1] FILE PHOTO: An oil tanker is being loaded at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. Picture taken May 21, 2018. Ahmed Jadallah | ReutersCrude oil futures fell about 2% on Thursday as traders monitored tensions in the Middle East.U.S. West Texas Intermediate was down $1.38, or 2.02%, to $66.77 a barrel. Global benchmark Brent fell $1.35, or 1.93%, to $68.42 per barrel.Israel is considering taking military action against Iran without U.S. support in the coming days, five people with knowledge of the situation told NBC News.Oil prices jumped more than…

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[ad_1] Jake Loosararian, co-founder and CEO of Gecko Robotics.Source: Gecko RoboticsGecko Robotics announced on Thursday that it raised $125 million in a Series D funding round, raising the AI and robotics company’s valuation to $1.25 billion.The new round of funding means the Pittsburgh-based company has reached unicorn status, roughly twelve years after it was founded by Jake Loosararian. The company’s previous round of funding, a $173 million Series C in December 2023, valued it at $633 million.To date, the company has raised $347 million from investors including USIT, XN, Founders Fund and Y Combinator. Its latest round was led by…

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[ad_1] People buying vegetables at a local market in Noida, Uttar Pradesh on August 22, 2023. (Photo by Chandradeep Kumar/ The India Today Group via Getty Images)The India Today Group | The India Today Group | Getty ImagesIndia’s consumer inflation eased to a cooler-than-expected 2.82% in May, the country’s Ministry of Statistics and Programme Implementation reported Thursday.The year-on-year headline inflation came in below a Reuters’ median poll estimate of a 3% increase. It had risen by 3.16% in April.Food inflation, a key inflation metric, hit 0.99% in May, sharply below the 1.78% of April.late cut, slashing the benchmark repo rate…

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