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Real-time News
According to sources familiar with the matter, chipmaker Cerebras Systems is telling potential investors that it expects its IPO to be priced above the upper end of its previously announced price range, as investor demand for the stock surges.1. The Russian Ministry of Economy lowered its forecasts for oil production and exports for 2026-2029. 2. Kremlin spokesperson: A visit by Trump to Russia is not currently on the agenda. 3. Russia claims successful test launch of the Sarmat missile; the first missile regiment will be on combat duty by the end of the year. 4. Russian Ministry of Defense: Russian forces continue special military operations after the ceasefire agreement with Ukraine expired. 5. Ukrainian Foreign Minister: The US has not delayed arms supplies under the "Ukraine Priorities List" (PURL) program. 6. Trump: The Russia-Ukraine conflict will end soon. No consensus has been reached with Putin; Russia should not acquire the Donbas region. 7. Zelensky: Ukraine attacked a gas facility in Russias Orenburg region, more than 1,500 kilometers from Ukraine.On May 13, S&P Global Ratings downgraded Mexicos credit rating outlook from "stable" to "negative," citing continued weak fiscal performance, rising debt levels, and sluggish economic growth. However, it maintained Mexicos BBB rating, two notches above junk status. Mexico is nearing the loss of its highly regarded investment-grade rating. S&Ps current rating is in line with Moodys, while Fitch has placed Mexicos rating just one notch above junk status with a stable outlook. If two of the three major rating agencies downgrade Mexico to junk status, some fund managers will be forced to sell Mexican government bonds. S&P stated, "The negative outlook reflects the risk of extremely slow progress in fiscal consolidation, primarily due to sluggish economic growth, leading to a faster-than-expected increase in government debt levels and increased interest burdens." Mexican President Sinbaum has devised a bailout plan for the state-owned oil company, Pemex. S&P stated that continued government support for the company "will continue to exacerbate the rigidity of Mexicos fiscal structure." Furthermore, uncertainty stemming from this years review of the USMCA is also dampening investor sentiment.Total Energy Services: If commodity prices continue to rise, it is expected to boost increased industry activity in North America.Total Energy Services: Global uncertainty and commodity price volatility continued to weigh on drilling and completion activities in North America during the first quarter. The company ceased its well services operations in the United States in January 2026, and the vast majority of its operating equipment was sold in February.
