Feb 10, 2017

OPEC is showing signs of life

The International Energy Agency announced that OPEC has achieved 90% of the cuts it agreed to in its November pact, and demand has been growing faster than they expected, per Bloomberg. Oil futures climbed as much as 1.1% in New York on the positive news.

What's next: The IEA also boosted its guidance for 2017 as it expects an increase of 1.4 million barrels a day this year. The IEA expects world oil inventories will fall by 600k barrels a day during the first half of the year if OPEC sticks to its agreement.

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Ina Fried

Exclusive: Global trust in the tech industry is slipping

Illustration: Aïda Amer/Axios

The backlash against Big Tech has long flourished among pundits and policymakers, but a new survey suggests it's beginning to show up in popular opinion as well.

Driving the news: New data from Edelman out Tuesday finds that trust in tech companies is declining and that people trust cutting-edge technologies like artificial intelligence less than they do the industry overall.

Go deeper26 mins ago - Technology

Marisa Fernandez

"It was 30 years ago, get over it": Mike Bloomberg's partner brushes off NDA concerns

Diana Taylor at a Mike Bloomberg event last month. Photo: Ron Adar/Echoes Wire/Barcroft Media via Getty Images

Diana Taylor, Mike Bloomberg's longtime partner, dismissed the concerns surrounding non-disclosure agreements used at his company, Bloomberg LP, telling CBS News that she would say to those bothered by the allegations, "It was 30 years ago, get over it."

Why it matters: Democratic candidates have used the NDAs as a talking point against Bloomberg, calling on him to allow women to speak about the reported sexual harassment and gender discrimination they faced while working for him.

Go deeper40 mins ago - Politics & Policy

Dan Primack

Trump's opportunity to use Bernie as an economic scapegoat

Illustration: Aïda Amer/Axios. Photos: Zach Gibson/Stringer, The Washington Post/Getty Contributor

Bernie Sanders is poised to become an economic scapegoat for both the White House and Corporate America, assuming that Sanders comes through Super Tuesday unscathed.

The big picture: If the U.S. economy remains strong, President Trump and CEOs will claim credit (as they've been doing for three years). If it turns sour, they'll blame Bernie (even though it's a largely baseless charge).

Go deeper1 hour ago - Politics & Policy