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South African petrol prices are set to hit a record this month after the government removed temporary relief measures intended to shield consumers from fuel-price rises linked to the Iran war. The Ministry of Mineral Resources and Energy said retail

2026-06-01

South African petrol prices are set to hit a record this month after the government removed temporary relief measures intended to shield consumers from fuel-price rises linked to the Iran war. The Ministry of Mineral Resources and Energy said retail price for 95-octane petrol in Gauteng will rise to 28.06 rand per liter on June 3 from 26.63 rand per liter last month, about 1.73 dlr per litre.

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2026-06-01

[Goldman Sachs: Hedge Funds Bought US Stocks at Fastest Pace in Six Months Last Week] According to Goldman Sachs' prime brokerage business, hedge funds bought US stocks at the fastest pace in six months last week, while the S&P 500 continued its reco

[Goldman Sachs: Hedge Funds Bought US Stocks at Fastest Pace in Six Months Last Week] According to Goldman Sachs' prime brokerage business, hedge funds bought US stocks at the fastest pace in six months last week, while the S&P 500 continued its record-breaking rally. Goldman Sachs traders stated in a client report that the change in trading volume was driven by a combination of long buying and short covering in index products and exchange-traded funds (ETFs). Short positions in US-listed ETFs decreased for the second consecutive week, falling 0.6%. Continued strong investment in artificial intelligence infrastructure, coupled with better-than-expected earnings, has fueled the continued rise in US stocks. The S&P 500 has risen for nine consecutive weeks, its longest winning streak since 2023. The tech-heavy Nasdaq 100 has gained over 20% this year.
2026-06-01

According to filings with the U.S. Securities and Exchange Commission, Lucid Group (LCID.O) has appointed Silvio Napoli as its CEO, effective immediately.

According to filings with the U.S. Securities and Exchange Commission, Lucid Group (LCID.O) has appointed Silvio Napoli as its CEO, effective immediately.
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