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On April 3rd, WeChat Mini Games announced a further upgrade to its 2026 IAP (In-App Purchase) incentive program. New games launching for the first time will enjoy two phases of rewards, with a maximum of 20 million RMB in incentive funds for games that achieve a 50 million RMB revenue share without revenue sharing. For long-term operation, WeChat Mini Games will provide a 5% cash incentive for games that meet the launch period criteria, for every 2 million RMB in revenue generated in the past 30 days. Once the launch growth incentive fund is achieved, it will be settled monthly, providing cash flow support for developers. In addition, WeChat Mini Games will continue its PC incentive policy, with an additional targeted incentive in the first half of 2026 (while other incentive policies are in effect), returning 10% of PC advertising revenue from IAP mini games to promote the continued healthy growth of IAP mini games on PC.April 3 – A New York Times financial markets correspondent in New York reports: Stock markets were closed today for the Easter holiday, but the bond market continued trading until noon local time. Investors initially seemed to interpret the new data as allowing the Federal Reserve to focus on reducing inflation, given the still-solid labor market. This likely implies higher interest rates. The yield on the two-year Treasury note, which is sensitive to changes in interest rate expectations, rose sharply to 3.85% after the data release.The U.S. Bureau of Labor Statistics reported that the number of federal government employees continued to decline in March (by 18,000). Since peaking in October 2024, the number of federal government employees has decreased by 355,000, a drop of 11.8%.The yield on the two-year U.S. Treasury note continued to rise, currently at 3.875%, up 7.7 basis points on the day.The U.S. Bureau of Labor Statistics reported that the healthcare industry added 76,000 jobs in March. Outpatient healthcare services added 54,000 jobs, including 35,000 for physician office staff who returned to work after the strike ended. Hospital employment also increased (by 15,000). Over the past 12 months, the healthcare industry has added an average of 29,000 jobs per month.

Oil Quiet As Price Cap Suggestion Assists in Relieving Supply Concerns

Skylar Williams

Nov 25, 2022 14:48

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Benchmark Brent oil declined on Thursday, while West Texas Intermediate (WTI) crude remained unchanged, hovering at two-month lows due to uncertainty about the degree to which a proposed G7 restriction on the price of Russian oil would limit supply.


A larger-than-anticipated rise in gasoline inventories in the United States and an expansion of COVID-19 limitations in China also knocked on oil prices.


At 15.15 p.m. ET (2015 GMT), Brent oil prices decreased 29 cents, or 0.3%, to $85.12 per barrel, while U.S. WTI crude futures decreased 2 cents, to $77.96 per barrel.


Due to the Thanksgiving break in the United States, trade volumes were quite low.


The announcement on Wednesday that the expected price ceiling for Russian oil may surpass the current market level triggered a decrease of about 3 percent for both benchmarks.


European Union nations remained divided over what level to cap Russian oil prices to limit Moscow's ability to pay for its battle in Ukraine without causing a global oil supply shock; if positions converge on Friday, more conversations are possible.


A European official claimed that the G7 is discussing a cap of $65-$70 per barrel for Russian oil transported by sea, but European Union member states have not yet reached an agreement on a price.


A higher price ceiling might encourage Russia to continue selling its oil, decreasing the possibility of a global oil supply shortage.


According to two sources, several Indian refiners are discounting Russian Urals crude by between $25 and $35 per barrel compared to the worldwide benchmark Brent oil. Urals is Russia's principal crude export.


Despite the obstacles, Bart Melek, global head of commodities market strategy at TD Securities, is rather optimistic about oil. "The Russian price ceiling is another aspect that contributed to the current price fall," he stated.


The Energy Information Administration (EIA) said on Wednesday that gasoline and distillate inventories in the United States climbed substantially during the previous week. [EIA/S]


In contrast, oil stockpiles decreased by 3.7 million barrels to 431.7 million barrels in the week ending November 18, despite a Reuters survey predicting a reduction of 1.1 million barrels.


China reported the highest daily number of COVID-19 cases since the outbreak began over three years ago on Wednesday. Local officials intensified measures to remove the breakouts, raising investor anxiety over the economy and demand for fuel.

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