News

According to the Wall Street Journal: Walmart (WMT.N) plans to lay off or reassign about 1,000 corporate employees, sources said. Walmart executives have reviewed the company's internal structure and decided to streamline some teams. Walmart is looking to further integrate its global technology teams with its artificial intelligence product teams.

U.S. Treasury Secretary Bessent: Discussed with Japanese Prime Minister Sanae Takaichi on U.S.-Japan investment plans and key minerals.

According to South Korean media News1: South Korea’s Defense Minister said that he discussed wartime command authority and nuclear submarine issues with U.S. Defense Secretary Hegseth.

Kremlin spokesman Peskov: Trump’s visit to Russia is currently not on the agenda.

S&P: The negative rating outlook reflects that continued weak fiscal performance may cause Mexico's government debt levels to rise faster than expected. The budget constraints facing Mexico are expected to result in a very slow fiscal consolidation process.

S&P: Trade relations between Mexico and the United States are expected to remain strong. Uncertainty surrounding free trade agreement renegotiations is denting investment sentiment.

S&P: Due to weakening fiscal flexibility, Mexico's rating outlook was lowered to "negative"; at the same time, its "BBB" foreign currency rating was confirmed.

According to CNN: A car bombing in Mexico earlier this year that killed a suspected drug cartel member was part of a targeted assassination operation and was assisted by U.S. Central Intelligence Agency (CIA) operations officials, multiple sources said.

NVIDIA (NVDA.O) will hold its online annual meeting on June 24.

UK Business and Trade Secretary: Rebuilding our relationship with Europe is vital. I went to Brussels today to hold talks with EU Internal Market Commissioner Sejourne to further deepen UK-EU cooperation on industrial strategy.

According to the Emirates News Agency: The President of the United Arab Emirates had a phone call with US President Trump to discuss strategic cooperation and review developments in the Middle East.

California Governor Newsom: Trump just said it himself, he doesn’t care about the American people.

In the week to May 8, API crude oil production in the United States was 188,000 barrels per day, compared with the previous value of 41,000 barrels per day.

U.S. API refined oil imports in the week to May 8 were -317,000 barrels per day, compared with the previous value of 265,000 barrels per day.

The United States imported 337,000 barrels of API crude oil in the week to May 8, compared with the previous value of -144,000 barrels.

U.S. API heating oil inventories for the week to May 8 were -116,000 barrels, compared with the previous value of -473,000 barrels.

U.S. API Cushing crude oil inventories for the week to May 8 were -1.755 million barrels, compared with the previous value of -1.045 million barrels.

U.S. API refined oil inventories for the week to May 8 were -319,000 barrels, compared with expectations of -2.995 million barrels, and the previous value of -4.642 million barrels.

U.S. API gasoline inventories for the week to May 8 were 502,000 barrels, expected to be -2.549 million barrels, and the previous value was -6.107 million barrels.

API crude oil inventories in the United States for the week to May 8 were -2.188 million barrels, expected to be -1.654 million barrels, and the previous value was -8.141 million barrels.