In a recent post on Truth Social, President Trump accused major oil companies of price gouging, stating that they are not reducing gasoline prices in line with the significant drop in crude oil prices. He has instructed the Department of Justice to investigate this issue, emphasizing the need for faster reductions in gas prices.
This criticism comes as crude oil prices, while lower than recent highs, remain elevated compared to pre-war levels. In related market movements, technology stocks are experiencing a rebound, particularly in South Korea, following a selloff that affected major U.S. tech companies like Micron Technology and Intel.
Additionally, Morgan Stanley has limited redemptions at its private credit fund amid rising withdrawal requests, indicating ongoing pressure in private markets. In a separate development, Meta Platforms is reportedly developing a prediction markets app that will initially use a points system instead of real money for trading, which could signal a new direction for the company in engaging users