Monster and CareerBuilder filed for bankruptcy. The...
Monster and CareerBuilder filed for bankruptcy. The sites that people used to find jobs in the late 1990s filed for chapter 11 bankruptcy yesterday, saying they will sell off parts of their businesses to different buyers. Monster was once one of the most popular sites for job seekers, going as far as airing a highly memorable Super Bowl commercial in which kids sarcastically dreamed of “climbing up to middle management” and “being replaced on a whim.” But the company struggled to stay relevant amid the growth of platforms like LinkedIn and Indeed, eventually merging with CareerBuilder last year.
California lawmakers approved a proposal from Gov. Gavin Newsom to spend $750 million per year to fund film and TV tax credits in an effort to keep Hollywood productions in the state.
Starbucks is changing how it charges for drink modifications, revealing it will now add a flat fee of 80 cents for any sauce or syrup rather than charge based on the flavor or type of drink.
Bumble said in a regulatory filing that it plans to cut 30% of its workforce.
Ring cameras will soon give users AI-powered text descriptions of the motion activity they detect, Amazon announced.
ESPN bought a minority stake in the Premier Lacrosse League and renewed its media agreement with the budding league for another five years.
Republic, a new investment platform, says it will use blockchain technology to allow retail investors to bet on private companies like SpaceX.
Prime, the sports drink company cofounded by YouTuber Logan Paul, appears to have been cut down in its prime, with UK revenue down 70% and US sales down 40% in 2024 from the year prior, Business Insider reported.
Oil prices rose nearly 1% on Wednesday, recovering from a sharp slide...
Oil prices rose nearly 1% on Wednesday, recovering from a sharp slide early this week, as data showed relatively strong U.S. demand, and as investors assessed the stability of a ceasefire between Iran and Israel.
Brent crude futures settled 54 cents higher, or 0.8%, at $67.68 a barrel, while U.S. West Texas Intermediate crude (WTI) ended up 55 cents, or 0.9%, at $64.92, both paring some of the 13% losses made earlier in the week.
After U.S. President Donald Trump announced the ceasefire on Tuesday, Brent settled at its lowest since June 10 and WTI ended at its lowest since June 5 on the reduced Middle East supply risk.
Oil prices had rallied after June 13, when Israel launched a surprise attack on key Iranian military and nuclear facilities. Prices hit five-month highs after the U.S. attacked Iran's nuclear facilities over the weekend.
"While concerns regarding Middle Eastern supply have diminished for now, they have not entirely disappeared, and there remains a stronger demand for immediate supply," said ING analysts in a client note.
Dow ends lower, Nasdaq books gain on Nvidia’s new record closing high
U.S. stocks finished mixed on Wednesday, with the S&P...
U.S. stocks finished mixed on Wednesday, with the S&P 500 stumbling on its path back to record territory.
Big gains for tech stocks — including a new record closing high for Nvidia Corp.— weren't enough to bridge the roughly 1% gap between the S&P 500 and its previous record close in February. Equities have been helped out this week by easing in oil prices and lower bond yields.
The Dow Jones Industrial Average fell about 105 points, or 0.3%, ending near 42,982, according to preliminary data.
Diamondback: Permian Gas Next Target but Pipe, Prices Needed
More gas pipelines—and gas demand—could make the Permian Basin’s...
More gas pipelines—and gas demand—could make the Permian Basin’s gassier rock economic, the basin’s No. 2 oil producer’s director of infrastructure said.
“There is a tremendous amount of gas wells in the Permian to also drill—some deeper wells [and] some other areas more on the fringe,” Diamondback Energy’s Michael Sollee told Independent Petroleum Association of America (IPAA) members at their annual meeting recently.
But before the Permian’s operators can target the basin’s gas-rich formations, the area’s producers need at least enough takeaway capacity to bring the current volume of associated gas to market.
“In the Permian, we're seeing only about half of the price of natural gas at Henry Hub. … In certain months, it's negative. We're literally giving it away,” Sollee said.
President Trump criticizes Israel and Iran amid fragile ceasefire. Hours...
President Trump criticizes Israel and Iran amid fragile ceasefire. Hours after Trump announced that Israel and Iran agreed to end hostilities after 12 days, both countries reportedly launched attacks against the other—though they each denied violating the truce. Trump then told reporters on the White House lawn that the countries have been fighting for so long that “they don’t know what the fuck they’re doing.” Trump later posted on social media that the ceasefire was still in effect despite the breaches. Neither side has yet provided details on the terms of the agreement. In related news, a preliminary classified report said that US strikes on Iran’s nuclear sites failed to destroy their underground buildings and may have only set its nuclear program back by a few months, per the New York Times.
Boeing and the FAA were both blamed for the terrifying mid-flight door plug blowout on an Alaska Airlines flight in January 2024, the NTSB said yesterday, ahead of its formal report on the incident.
Lime, the company that makes the light-green electric scooters you see plunked all over dozens of cities, hired an investment bank as it prepares to go public, Reuters reported.
Anthropic won a major AI copyright case, with a federal judge arguing that training its models on legally purchased books without the authors’ permission counts as fair use.
Microsoft is planning another significant round of layoffs at Xbox next week, the fourth staff reduction at the gaming company in the last 18 months, Bloomberg reported.
