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Brent crude futures was down 11 cents, or 0.2%, to $70.56 a barrel at 1337 GMT. Russian President Vladimir Putin agreed on Tuesday to stop attacking Ukrainian energy facilities but stopped short of endorsing a full 30-day ceasefire that Trump hoped for. "Even if a deal is struck, it will likely take some time before Russian energy exports increase in a significant way, with the short-term impact being around diversion of flows in order to attract better pricing."

Bentley on Wednesday posted its lowest annual revenue since the COVID pandemic struck in 2020 as the British luxury automaker faced a tough global market in 2024, but said it was pursuing "value over volume" with revenue per car up 10% versus 2023. Speaking to reporters, CEO Frank-Steffen Walliser said the company would no longer publicly disclose how many cars it sold. But he said Bentley's revenue per car had hit record levels as high-end customers continue to invest in bespoke features that sharply raise the price and profit margin for the automaker.

(Bloomberg) -- With Alibaba Group Holding Ltd. grabbing the spotlight of investor attention over China’s success in artificial intelligence, Tencent Holdings Ltd. is still waiting for its turn to shine.Most Read from BloombergThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressNYC Plans for Flood Protection Without Federal FundsA Malibu Model for Residents on the Fire FrontlinesAlibaba’s Hong Kong-listed shares have risen more than twice as muc

A crypto whale closed over 300 leveraged short positions on Bitcoin for a profit of $3.9 million, while also taking a new long position in a Solana meme coin.

Though ARK Invest CEO Cathie Wood is worried about recession, she trusts the long-term “investable arc” of crypto.

This wasn't quite a rout, but still, the general gloom hanging over various types of investments shaved the prices of quite a few of the less popular cryptos. Shiba Inu (CRYPTO: SHIB), whose logo is a jolly dog, wasn't in a good mood with its nearly 5% decline from 4 p.m. ET. For the most part, investors are sitting on the sidelines of many asset classes -- equities in particular -- on continued unease about how the current tariff spat between the U.S. and its major trading partners will play out.

More than 70% of fund managers surveyed by BofA expect stagflation to hit the global economy in the next 12 months.

Tesla's stock fell as much as 7% on Tuesday after Chinese rival BYD revealed new battery tech.

The exploit showed that human failings, not technical glitches, are the most important factors in such incidents, says INSEAD's Ben Charoenwong.

Not all firms following MicroStrategy's lead have reaped the same rewards.