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OPEC+ delays oil output hike until April, extends cuts into 2026

LONDON/MOSCOW/DUBAI (Reuters) -OPEC+ on Thursday pushed back the start of oil output rises by three months until April and extended the full unwinding of cuts by a year until the end of 2026 due to weak demand and booming production outside the group. OPEC+, which pumps about half the world's oil, had been planning to start unwinding cuts from October 2024 but a slowdown in global demand and rising output elsewhere forced it to postpone the plans on several occasions. OPEC+ groups the Organization of the Petroleum Exporting Countries and allies such as Russia.

Signet Jewelers Stock Tanks After Dismal Q3 Print, Guidance Cut

On Thursday, Signet Jewelers Ltd (NYSE:SIG) stock plunged after the company reported its fiscal third-quarter 2025 earnings. Signet reported a sales decline of 3.1% year-on-year to $1.35 billion, missing the analyst consensus estimate of $1.37 billion. Adjusted EPS of $0.24 missed the analyst consensus estimate of $0.33. Also Read: Mastercard Settles UK Antitrust Lawsuit For $250 Million Overall same-store sales fell 0.7% in the quarter. North American Same-store sales for the segment decreased

Hedge Funds Make MicroStrategy Wall Street’s Hottest Trade

(Bloomberg) -- To sate his multibillion dollar rampant appetite for Bitcoin, Michael Saylor has tapped demand from retail investors transfixed by MicroStrategy Inc.’s more than 500% rally this year. He’s also benefited from hedge funds who care far less where the stock trades. Most Read from BloombergKansas City Looks Back on its Long, Costly Ride With MicrotransitNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh M