The EU wants to break up Google’s ad tech business
Two years after opening a probe into whether Google unlawfully boosted its own ad tech over others, the...
Two years after opening a probe into whether Google unlawfully boosted its own ad tech over others, the EU finally slapped the company with a formal antitrust complaint yesterday, accusing it of abusing its position. The complaint is a doozy; it suggests that Google will likely need to sell off parts of the business to resolve its “inherent conflicts of interest” in digital advertising. Expect a lengthy legal battle: Online ads provided 80% of Alphabet’s $280 billion annual revenue last year.
US stock futures edged lower early Thursday after the Federal Reserve paused rate hikes...
US stock futures edged lower early Thursday after the Federal Reserve paused rate hikes but hinted there were more to come. Here's how indexes look this morning.
Earnings on deck: Adobe, Halma, and more, all reporting.
North Dakota produced an average 1.13 million barrels per day in April, up 1% from March, while natural...
North Dakota produced an average 1.13 million barrels per day in April, up 1% from March, while natural gas production rose by 2%, preliminary figures from the state's Department of Mineral Resources showed. Additionally, flaring reduction efforts resulted in a 95% capture rate statewide in April, surpassing the state's 91% target.
Freeport LNG facility reboots, gears up for expansion
The three liquefaction trains of the Freeport LNG export facility on Quintana Island, Texas, are back...
The three liquefaction trains of the Freeport LNG export facility on Quintana Island, Texas, are back online after a 10-month shutdown due to an explosion and fire, allowing the resumption of LNG deliveries to major customers. A third LNG storage tank is expected to reenter service this summer, and Freeport is also making headway in its plans for a fourth train, which, upon completion, would expand the plant's export capacity to 22.1 million short tons per year, pending a final investment decision.
Benchmark U.S. crude oil for July delivery fell $1.15 to $68.27 a barrel Wednesday. Brent crudefor August delivery fell $1.09 to $73.20 a barrel.
Wholesale gasolinefor July delivery fell 1 cent $2.55 a gallon. July heating oilfell 4 cents to $2.36 a gallon. July natural gaswas unchanged at $2.34 per 1,000 cubic feet.
