The US keeps breaking travel records. Not since the...
The US keeps breaking travel records. Not since the heyday of Michael Phelps has America broken so many records: TSA said it expected to screen 3+ million flyers at the airport yesterday, and that’s just the beginning of an anticipated record-breaking weekend. The Fourth of July travel bonanza comes after a record number of people (just under that 3 million mark) got on planes last Sunday—and seven of the 10 busiest US air travel days ever occurred between May 23 and June 27, according to the Wall Street Journal. The TSA also expects to see 32+ million travelers between the holiday and July 8. The unprecedented numbers in the sky may be thanks to cheap flights and international wanderlust fueled by a strong dollar.
Time magazine is the latest publication to strike a deal with OpenAI to allow the company’s AI to train on its content.
Uber and Lyft have agreed to pay drivers in Massachusetts $32.50 per hour and to cough up $175 million to settle a lawsuit over their classification of drivers as independent contractors.
Former Trump advisor Steve Bannon will report to prison Monday after the Supreme Court refused to consider his appeal of his conviction for defying subpoenas from the House Jan. 6 committee.
The superintendent of Oklahoma’s schools ordered the Bible to be included in the fifth- through twelfth-grade curriculums as states test the limits of religion in public schools.
Paramount shut down the video archives on websites of its networks including MTV and Comedy Central, instead directing people to its subscription streamer, Paramount+ (which recently announced a price hike).
Benchmark U.S. crude oil for August delivery fell 20 cents to $81.54 per barrel Friday. Brent crude for August delivery rose 2 centsto $86.41 per barrel.
Wholesale gasoline for July delivery fell 2 cents to $2.53 a gallon. July heating oilfell 3 centsto $2.52 a gallon. August natural gasfell 9 cents to $2.60 per 1,000 cubic feet.
U.S. stocks close lower Friday as S&P 500 snaps 3 straight weeks of gains
U.S. stocks closed lower Friday, with the S&P 500 snapping three...
U.S. stocks closed lower Friday, with the S&P 500 snapping three straight weeks of gains.
According to preliminary FactSet data, the Dow Jones Industrial Average closed 0.1% lower, the S&P 500 shed 0.4%, and the Nasdaq Composite fell 0.7%.
For the week, Dow declined 0.1%, the S&P 500 edged down 0.1% and the Nasdaq Composite rose 0.2%, the preliminary data show. All three indexes rose in June, with the S&P 500 finishing the first half of 2024 with a gain of around 14.5%.
2023 US energy output tops consumption, sets new record
US energy production increased by 4% to a record of nearly 103 quadrillion British thermal units, surpassing...
US energy production increased by 4% to a record of nearly 103 quadrillion British thermal units, surpassing consumption by 9 quads, the widest margin in records dating back to 1949, according to the Energy Information Administration. Oil and natural gas were the primary drivers of this increase, with dry gas production reaching 39 quads and crude oil production hitting 27 quads in 2023, both records, the EIA said.
Phillips 66's Rodeo refinery optimizes for renewable fuel
Phillips 66's refinery...
Phillips 66's refinery in Rodeo, Calif., is ready to meet "ample" short-term demand for renewable fuels after completing a billion-dollar conversion that gives it the capacity to produce 50,000 barrels per day of renewable diesel and sustainable aviation fuel. "We're confident placing all those [renewable product] barrels locally. And if there's demand outside of the region, we will surely supply that if the market supports it," said refinery manager Jolie Rhinehart.
