Hochul’s former aide was arrested for allegedly laundering...
Hochul’s former aide was arrested for allegedly laundering millions from China. Linda Sun, a former top aide to New York Gov. Kathy Hochul and former Gov. Andrew Cuomo, was arrested yesterday and charged with acting as an agent for the Chinese government. Per a federal indictment, Sun secretly “engaged in numerous political activities” on behalf of China while working as Hochul’s deputy chief of staff, including blocking Taiwanese government representatives from having access to New York state officials.
California passed a law that requires consent for the likenesses of dead performers to be replicated with AI.
Hewlett Packard confirmed that it intends to continue its $4 billion lawsuit against the estate of Mike Lynch, who died in last month’s yacht sinking off the coast of Sicily.
Cathay Pacific, Hong Kong’s flag carrier, is inspecting its entire Airbus A350 fleet after discovering an engine problem on a number of planes.
New Zealand will roughly triple the tax on tourists from $22 to $62 starting in October to help cover the costs of environmental protection.
Fuel Oil Oil Slumps About 5% as End to Libyan Dispute in Sight
Oil prices settled nearly 5% down on Tuesday at their...
Oil prices settled nearly 5% down on Tuesday at their lowest levels in nearly nine months on signs of a deal to resolve a dispute that has halted Libyan crude production and exports.
Brent crude futures closed down $3.77, or 4.9%, at $73.75 a barrel, their lowest level since Dec. 12. West Texas Intermediate crude futures (WTI) , which did not settle on Monday because of the U.S. Labor Day holiday, fell $3.21, or 4.4%, to $70.34 - also their lowest since December.
Brent closed down 0.3% last week, while WTI settled 1.7% lower.
Libya's legislative bodies have agreed to appoint a new central bank governor within 30 days after U.N.-sponsored talks, a statement signed by representatives of those bodies said on Tuesday.
Dow ends over 600 points lower as stocks suffer worst day since early August
U.S. stocks finished sharply lower on Tuesday, kicking...
U.S. stocks finished sharply lower on Tuesday, kicking off a historically tough month for the market. Investors assessed weak manufacturing data that reignited concerns over an economic slowdown.
According to preliminary data from FactSet, the Dow Jones Industrial Average fell 1.5% to end near 40,936.
The S&P 500 was off 2.1% to finish around 5,529.
The Nasdaq Composite tumbled 3.3%, ending near 17,136.
The three benchmark indexes suffered their worst day since the Aug. 5 market meltdown.
An attack by Yemen’s Houthi rebels targeted an oil tanker in the Red Sea on Monday, authorities said, as a second ship nearby also came under fire. Both attacks were near where crews hope to salvage a tanker loaded with oil and still ablaze after another assault by the group.
US NGL Market Tightens Links to Crude, NatGas Production
The shale boom coalesced the American market...
The shale boom coalesced the American market into an unprecedented shape. Never before have sectors been so closely linked, said an industry expert at an Aug. 28 East Daley Analytics webinar.
“Crude oil, natural gas and NGLs are linked together in ways in which they’ve never been in history,” said Rob Wilson, vice president of analytics at East Daley Analytics. “You cannot just focus on crude or gas.”
Over the last few years, the U.S. has taken the lead in producing all three hydrocarbons for the first time in history.
