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Futures market data from September 9th indicated that member countries agreed over the weekend to increase oil production by 137,000 barrels per day in October. Overall, the increase is relatively small and is gradually being absorbed by the market. OPEC stated in a statement that OPEC+ countries that announced voluntary production cuts but exceeded their agreed quotas will compensate for excess production of 4.779 million barrels per day by July 2026. Furthermore, with Trump preparing to implement a second phase of sanctions against Russia, geopolitical factors are once again driving market fluctuations, and oil prices are expected to remain volatile with a positive bias.The annual rate of commercial retail sales in the U.S. Red Book for the week ending September 5 was 6.6%, compared with 6.5% in the previous week.On September 9th, with tariffs largely contained through supply chain adjustments, Wedbush Securities analysts noted that Apples (AAPL.O) main challenge currently lies in its lagging artificial intelligence strategy. They recommended that Apple seek a partnership or acquire Perplexity, and anticipate deeper collaboration with Googles Gemini AI following the recent antitrust ruling. Wedbush maintained its "Outperform" rating on Apple with a $270 price target.Chevron (CVX.N) executives: Chevron is exploring liquefied natural gas regasification opportunities in Europe to expand its global presence.According to documents filed with the U.S. Securities and Exchange Commission (SEC), stablecoin issuer Figure plans to issue 31.5 million shares of Class A common stock.

Meta Will Evaluate A Monthly Subscription Service For $11.99

Haiden Holmes

Feb 20, 2023 14:39

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Meta Platforms revealed on Sunday that it is piloting a monthly subscription service called Meta Confirmed, which will allow users to verify their accounts with a government-issued ID and receive a blue badge, in an effort to assist content creators in expanding and building communities.


The subscription bundle for Instagram and Facebook (NASDAQ:META), which will be released later this week, will offer further security against impersonation and start at $11.99 per month on the web or $14.99 per month on Apple's iOS and Android.


This week, Meta Verified will launch in Australia and New Zealand, followed by progressive launches in other nations.


Meta's entry into the subscription services market follows Twitter's announcement last month that Twitter Blue will cost $11 per month.


Mark Zuckerberg, CEO of the social media behemoth, stated previously that the company planned to offer a number of new products that would "empower artists to be far more productive and creative," but cautioned about the cost of supporting the technology for a huge user base.


Several social media apps, like Snapchat from Snap Inc (NYSE:SNAP) and the messaging app Telegram, debuted paid membership services as a new revenue stream in 2017.

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