Will be talking about oil prices today. They have reached their highest level in almost a year, approaching 95 a barrel for the First Time Since august 2022. Production cuts by russia and saudi arabia are partly to blame. And reserves at an important Storage Facility in the us hit their lowest levels in july last year. Facility in the us hit their lowest levels injuly last year. The price of oil is a factor in the rise in inflation which has been a driving of the cost of living crisis Around The World and the price could go above 100 a barrel again soon. I asked and above 100 a barrel again soon. I asked an ,. Above 100 a barrel again soon. I asked an ~. ,. , above 100 a barrel again soon. I asked an. . ,. Above 100 a barrel again soon. I asked an . ,. Asked and saudi arabia were so much ca aci asked and saudi arabia were so much capacity could asked and saudi arabia were so much capacity could loosen asked and saudi arabia were so much capacity could loosen its asked and saudi arabia
With their own areas of expertise and distinct personalities. And its revealed a new product. Ray ban sunglasses with al built in that can film and upload videos and answer questions. They go on sale next month for 299. Heres a taste. Our correspondent in Silicon Valley James Clayton was at the event at meta hq and had a chance to try out one of the other updated gadgets the mixed reality headset. This is meta connect. Metas first in person event since the pandemic. Mark zuckerberg is just about to speak, and its his chance to breathe life into the metaverse, a concept that, quite frankly, feels like yesterdays news. How do we unify these experiences of the physical that we have with this vibrant Digital World to create something that is more coherent and just better than anything that we have today . The latest product that meta was showcasing was its new virtual and augmented reality headset, the quest 3. Its not released until next month, but they let me play around with it. The big
which started the year at under $500 a share and closed on wednesday at over $1,200 a share. that is just such a huge jump in a short time. it rose over 5% in value on wednesday alone, giving it the market cap of just over $3 trillion. let s hear more from our north america business correspondent erin delmore. wall street s on a record breaking run. the latest all time high closes for the s&p 500 and the nasdaq. the latter powered by you guessed it nvidia. the chip makerjoined the $3 trillion club on wednesday, overtaking apple as the world s second most valuable company. microsoft is still the world s number one. nvidia is only the third company to ever exceed $3 trillion in market value. it s leading in the race to develop the chips needed to enable new artificial intelligence applications. and that s where the other tech giants and a lot of companies are spending big bucks right now. nvidia shares ended the trading day up more than 5%. alphabet, amazon, apple, meta,
saw the share price jump over 10% in after hours trade on wednesday. impressive or not? i m joined by poonam goyal senior research retail analyst at bloomberg. welcome to the bbc. lululemon, i have read various analyst reports offer the back of their earnings, some positive, some negative. what do you make of the numbers? i negative. what do you make of the numbers? the numbers? i think the results are the numbers? i think the results are quite - the numbers? i think the results are quite positive j the numbers? i think the i results are quite positive but i think what was most encouraging about the results was that some of the missteps of the reason growth slowed in the first quarter from the fourth quarter, so it gives opportunity to believe in correcting these missteps especially in apparel and the americas, some things could get better in the back of. better in the back of. what were the better in the back of. what were the missteps? - better in the back of. what i were the
story. very important to the lululemon sto . , ., story. briefly, did lululemon and its rivals story. briefly, did lululemon and its rivals in story. briefly, did lululemon and its rivals in this - story. briefly, did lululemon and its rivals in this side i story. briefly, did lululemon and its rivals in this side of l and its rivals in this side of retail, gym wear, did they get a big boost from the pandemic as more people were trying to get out and do exercise? absolutely, the pandemic not only helped lululemon but also many leisure brands as consumers shifted their wardrobes with more casual athletic wear as they work from home, spent more time outdoors. the wardrobe shifted. now they are shifting back to a more balanced approach so weak we are seeing what fashion. lululemon is a brand that you could argue is streetwear as well as performance, and can be dressed up or dressed down. poonam goyal, thank you for joining us from bloomberg. let s go live to normandy, where as you c