Global tech outage grounds flights and hits businesses
A massive IT outage disrupted businesses, banks, airlines, media outlets,...
A massive IT outage disrupted businesses, banks, airlines, media outlets, and emergency services worldwide. The problem appeared to be caused by a CrowdStrike update that affected Microsoft Windows devices, per the WSJ. Microsoft 365 said it was working on a fix and was “observing a positive trend in service availability.” But chaos still reigns.
Trump recounts assassination attempt, attacks Dems in RNC speech. Former...
Trump recounts assassination attempt, attacks Dems in RNC speech. Former President Trump closed out the Republican National Convention with a speech describing in vivid terms his near-death experience at a rally last Saturday. But after beginning with a message of unity, Trump returned to familiar attacks and insults of his political opponents over the course of the speech, which lasted more than 90 minutes. Meanwhile, President Biden faces mounting pressure to drop out of the presidential race as he recovers from a bout with Covid. Former President Barack Obama is the latest major Democratic figure to reportedly tell allies that Biden should reconsider his candidacy, per the Washington Post.
Bob Newhart, the legendary comedian and star of the eponymous 1970s sitcom, died at 94.
The SEC sued Patrick Orlando, the former CEO of the shell company that merged with Trump Media, for alleged fraud.
Warner Bros. Discovery is reportedly considering splitting the company in two to boost its share price. Our suggestion: “Warner Bros.” and “Discovery.”
John Deere announced it is slashing diversity and inclusion initiatives after weeks of conservative backlash.
Grok, Elon Musk’s “anti-woke” AI chatbot, has gone woke, Wired reported.
ONEOK to Build New Pipeline, Expand Capacity from Kansas to Denver
Tulsa-based ONEOK plans to build a new 230-mile,...
Tulsa-based ONEOK plans to build a new 230-mile, 16-inch refined products pipeline from western Kansas to the Denver International Airport.
The company said on July 18 that the pipeline is part of a $480 million project to expand capacity from the Midcontinent and Gulf Coast to the Greater Denver Area.
In addition to the pipeline, ONEOK plans to add or upgrade pump stations for the network, increasing the system’s total capacity by about 35,000 bbl/d. ONEOK plans to finish the project by mid-2026.
Benchmark U.S. crude oil for August delivery fell 3 cents to $82.82 per barrel Thursday. Brent crude for September delivery rose 3 cents to $85.11 per barrel.
Wholesale gasoline for August delivery rose 2 cents to $2.52 a gallon. August heating oilfell 1 centto $2.49 a gallon. August natural gasrose 9 cents to $2.13 per 1,000 cubic feet.
Dow finishes over 500 points lower while small-cap stocks retreat after surge
Stocks ended lower overall, with the blue-chip Dow and small-caps bearing...
Stocks ended lower overall, with the blue-chip Dow and small-caps bearing the brunt of the selling as equities saw overall declines.
Ten of the S&P 500's 11 sectors lost ground, with energy the lone holdout, up 0.3%. Tech stocks have retreated sharply in recent sessions, with investors streaming into previously left-behind areas of the market. That rotation wasn't in evidence Thursday as the market saw broad declines.
The Dow Jones Industrial Average ended with a loss of around 533 points, or 1.3%, near 40,665, after finishing at a record on Wednesday.
