API gravity, short for American Petroleum Institute gravity, makes crude oil produced by different nations different. The higher the API value, the lighter the crude, which means it costs less for refineries to remove sulphur from such oil. This then translates to more value per barrel. An API of more than 10 means that such an oil floats on water.

Amazon has denied that it's planning to cut 14,000 jobs globally by May 2026. "These reports are false and not based in fact," a spokesperson told India Today. Had they been true, this would have been the third major layoff round at Amazon in under a year after the company fired 16,000 workers in January and 14,000 in late 2025.

US stock futures surged early Wednesday after President Donald Trump announced a two-week ceasefire with Iran, contingent on reopening the Strait of Hormuz. As of 6 am ET, Dow futures jumped over 1,100 points, S&P futures rose 2.6%, and Nasdaq 100 futures gained more than 3.3%, reflecting investor optimism amid easing geopolitical tensions.

Superhuman saw a 57% rise in office attendance after replacing mandatory return-to-office rules with a voluntary, incentive-based programme. Employees earn financial perks for choosing in-person work between two and five days weekly. The approach, focused on flexibility and rewards, has driven higher engagement, showing how companies can encourage attendance without enforcing strict mandates.

Delta Air Lines (DAL) stock soared over 12% pre-market after beating Q1 earnings expectations, reporting $0.64 EPS on $15.9 billion revenue. The airline forecasts low-teens Q2 revenue growth and $1 billion in pre-tax profit, aided by a $300 million benefit from its refinery, helping offset higher fuel costs.

AAOI stock jumped 10% pre-market, nearing all-time highs after a 40% monthly surge driven by major hyperscale orders. The company secured $124 million in new orders since mid-March, doubling its existing backlog. Applied Optoelectronics expects monthly production of over 500,000 800G and 1.6T transceivers by year-end to meet growing AI data center demand.

Cryptographer Adam Back denied he is Satoshi Nakamoto, responding to a New York Times report that used linguistic analysis to link him to Bitcoin's creator. Back dismissed the findings as "coincidence and similar phrases." While acknowledging his early research in electronic cash, he firmly rejected the allegations, maintaining he is not the inventor of Bitcoin.

Big Tech rallied in premarket trading after a US-Iran ceasefire eased tensions, with Meta and Tesla surging nearly 5%. Alphabet and Nvidia are on track to turn green year-to-date, while Apple saw 'extremely bullish' sentiment. Investors hope the market has bottomed, and US futures climbed as oil prices dropped following the temporary truce agreement.

Oil stocks like USO, TPET, and BATL plunged in premarket trading as crude prices fell below $100 following a temporary US-Iran ceasefire. Brent and WTI dropped sharply as the Strait of Hormuz reopened. While analysts note reduced near-term escalation risks, they caution that lingering uncertainties regarding navigation and transit conditions through the Strait remain unresolved.

Memory stocks rebounded as Micron, Seagate, and Western Digital surged about 9% pre-market after a US-Iran ceasefire eased tensions. Nvidia and Intel also gained as oil prices fell following the Strait of Hormuz reopening. Analysts see signs of a market bottom, while some predict a short squeeze amid improving sentiment and reduced geopolitical risks.