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BP CEO Bernard Looney spoofed in OnlyFans ad before resignation

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BP CEO Bernard Looney found himself at the center of a scandalous parody advertisement on the popular platform OnlyFans months before his resignation.

The notorious ad took the internet by storm, raising questions about the future of the oil and gas giant’s leadership.

The controversial advertisement featured a satirical depiction of Looney in a compromising position, capitalizing on the risqué nature of OnlyFans content. While it was undoubtedly a hoax, the incident caught the attention of both BP’s board and the public. Looney’s tenure had already been marked by significant shifts towards renewable energy, and the fake ad added a bizarre twist to his leadership.

Rumors swirled about the motivations behind the prank, with some speculating it was the work of disgruntled employees or environmental activists. However, the true culprits remained elusive. The incident’s timing was particularly uncanny, as it occurred mere months before Looney’s unexpected resignation, leaving industry analysts and experts puzzled.

While the fake OnlyFans ad may have added an unusual chapter to Bernard Looney’s career, the reasons behind his departure remain shrouded in mystery. As BP now searches for its next leader, the industry watches closely, curious about the future direction of this energy giant.

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Amazon launches ‘Haul’ for low-cost goods

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Amazon has introduced ‘Haul,’ a new budget outlet with prices capped at $20 to take on low-cost rivals Shein and Temu.

The online giant says Haul will feature “crazy low prices” with delivery times of up to two weeks.

The launch marks Amazon’s foray into selling cheaper goods, similar to the fast-growing model of its Chinese competitors.

Retail analysts caution that this new venture may face environmental concerns similar to Temu’s and Shein’s.

With most items priced under $10, Amazon is banking on a surge in demand for affordable finds.

Haul offers free delivery on orders over $25, positioning itself as the new low-cost option in the crowded market.

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Traders bet on Bitcoin hitting $100k by end of year

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Surge in Bitcoin prices follows pro-crypto political victories, with traders betting on a $100,000 milestone by year-end.

Bitcoin’s value surged past $90,000 on Wednesday, marking a record high amid investor excitement surrounding a possible cryptocurrency renaissance as Donald Trump steps into his second term as U.S. president.

The election of Trump, who has openly endorsed crypto, has sparked a 30% rise in bitcoin’s price since Election Day, boosted by the success of dozens of congressional candidates supported by crypto-friendly political action committees.

Hitting $100,000

According to Jake Ostrovskis, an OTC trader at crypto market maker Wintermute, traders are betting that Bitcoin could hit $100,000 before the end of the year, with $850 million in options contracts speculating on this milestone by December 27.

The crypto industry, which contributed around $170 million to support candidates viewed as allies, is optimistic about a wave of deregulation and favorable policies.

Trump has promised to establish a national bitcoin reserve and aims to replace SEC Chair Gary Gensler, who has led a strict regulatory approach to crypto.

With aggregate open interest on Bitcoin derivatives soaring to $61 billion, investors are increasingly bullish, betting on bitcoin’s growth via options and perpetual futures contracts.

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Consumer prices rise as Fed weighs December rate cut

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Consumer prices ticked up in October, marking a slight rise after September’s 3½-year low, showing an uneven path for inflation.

Despite the bump, the increase likely won’t deter the Federal Reserve from a possible December interest-rate cut.

The Labor Department reported consumer prices were up 2.6% from a year ago, with core inflation, excluding food and energy, up 3.3%.

Steady consumer spending and hiring may fuel debate on slowing rate cuts early next year.

Investors welcomed the report, betting on a quarter-point rate cut in December.

This response reflects confidence that President-Elect Trump and the Fed will avoid early policy clashes, despite Trump’s pro-lower-rate stance.

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