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U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by two to 603 in the week to May 10, the lowest since January 2022. Baker Hughes said that puts the ...
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Jim Simons, the mathematician-investor who created what many in finance consider the world’s greatest moneymaking machine at his secretive firm, Renaissance Technologies, has died. He was 86. He died today in New York City, according to his charitable foundation, which didn’t cite a cause. In turning from academia to investing as he entered his 40s, Simons ...