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U.S. diesel prices hit a record high of $5.85 per gallon on Friday.
According to data from the American Automobile Association (AAA), the average retail price of diesel in the United States reached an all-time high of $5.85 per gallon on Friday, surpassing the previous record set in 2022. Simultaneously, the average retail price of gasoline in the U.S. also rose to $4.15 per gallon, marking the highest level for the same period in history. The surge in diesel prices is transmitting the impact of rising energy costs to inflation, agriculture, and logistics, and is creating new political pressure for the Donald Trump administration.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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Asian stocks struggle as Hang Seng Index dives amid AI and geopolitical concerns
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Government websites in multiple countries are offline due to a critical vulnerability in the PHP programming language, with the U.S. National Security Agency issuing a warning.
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Coinbase status page shows send/receive delays on the TON network.
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Asian markets broadly fell: The Hang Seng Index dropped 3.03% to a four-month low, and the Hang Seng Tech Index fell 5%; Brent crude rose 3.2% to $112.27, due to AI concerns and heightened tensions in the Strait of Hormuz.
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Meta expects Reality Labs' operating losses to decrease to approximately $15 billion next year, and to trend towards profitability thereafter.
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Meta expects AI computing cost efficiency to improve tenfold or more next year.
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