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Critical Metals Launches Private Placement of Common Shares

Critical Metals (CRML) said Tuesday it launched a private placement of nearly 6 million common shares at $10 apiece for gross proceeds of $60 million.The offering is expected to close on Wednesday, according to a statement.Net proceeds will be used for working capital, including the development of the Tanbreez project, the company said.Price: $11.26, Change: $-0.68, Percent Change: -5.70%

$CRML

UBS Notes Bank of Canada Q1 Surveys Look at Productivity Boost From Artificial Intelligence

The Bank of Canada released on Monday its Q1 Business Outlook (BOS) and consumer (CSCE) surveys, said UBS.In BoC's release, there was also a box on how workers are using artificial intelligence (AI) and how consumers see this impacting job conditions, wrote the bank in a note to clients.In terms of overall AI use at work, 60% stated that they were using AI at work, 35% stated they didn't use this at all, while 5% were unsure.More than 14% of those using AI thought there was an over 50% probability of AI use boosting their productivity. The net impact on job outcomes is 1.8%, while the salary outcomes are basically zero.As for the net impacts of those using AI at work, the net share reporting a higher than 50% probability that this results in more hours was -6.6%, and for those not using AI, this was -8.2%.

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Commodities6d ago

US Natural Gas Enters Injection Season With Robust Inventories, Softer Prices Expected

US natural gas inventories are entering the April-October injection season on a relatively firm footing, a trend that could help keep prices contained if mild weather and steady production persist in the months ahead, the US Energy Information Administration said on Tuesday.Working gas in storage across the Lower 48 states is estimated at 1,890 billion cubic feet at the start of the refill season, according to interpolated weekly data. That level stands about 3% above both last year's close and the five-year average, suggesting a modest supply cushion as injections ramp up.The current surplus follows a volatile winter that briefly tightened balances. A colder-than-normal January, punctuated by Winter Storm Fern, drove a record weekly withdrawal of 360 Bcf for the week ending Jan. 30. Storage levels subsequently dropped to 5.6% below the five-year average. But the deficit proved short-lived. Milder conditions in February and March slowed withdrawals, pushing inventories back above average by mid-March and to nearly 5% above normal by early April.Seasonal demand dynamics played a key role. US gas consumption typically peaks in winter as residential and commercial heating demand rises. That demand eased sharply after January, with consumption averaging 42.2 Bcf/d in February and 26.0 Bcf/d in March, down from 51.9 Bcf/d in January.The pullback in demand has already translated into softer prices. Benchmark Henry Hub spot prices averaged $3.04 per million British thermal units in March, a steep decline from $7.72 in January and below February's $3.62 level.Looking ahead, the combination of above-average inventories and subdued late-winter demand could limit upward pressure on prices during the early injection season, though weather and production trends will remain key variables, EIA said.

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Amazon Launches GLP-1 Weight-Management Program

Critical Metals Launches Private Placement of Common Shares

UBS Notes Bank of Canada Q1 Surveys Look at Productivity Boost From Artificial Intelligence

US Natural Gas Enters Injection Season With Robust Inventories, Softer Prices Expected

Amazon Launches GLP-1 Weight-Management Program

Critical Metals Launches Private Placement of Common Shares

UBS Notes Bank of Canada Q1 Surveys Look at Productivity Boost From Artificial Intelligence

US Natural Gas Enters Injection Season With Robust Inventories, Softer Prices Expected

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