It’s an earnings report bonanza: More than 20% of...
It’s an earnings report bonanza: More than 20% of the S&P 500 reports Q2 earnings this week, led by Magnificent Seven heavyweights Alphabet and Tesla on Wednesday. So do Domino’s (today) and Chipotle (Wednesday), along with defense companies, including RTX and Lockheed Martin on Tuesday, and General Dynamics on Wednesday. Plus, investors will be watching on Tuesday to see whether Coca-Cola is actually switching from corn syrup to cane sugar for its US products.
Texas officials revised the number of people missing from the Kerr County flooding down to three from 97 on Saturday.
A Delta regional flight operated by SkyWest had to make a “go-around” maneuver to avoid being hit by a B-52 bomber over North Dakota.
The Washington Commanders may not get a new stadium if the NFL team does not restore its old name, according to President Trump, who said he is considering blocking the deal.
In-N-Out’s billionaire owner said she is leaving California and moving the company’s headquarters to Tennessee.
“Papa Jake” Larson, a D-Day veteran who became a beloved TikTok figure, died at 102.
Chevron shifts from growth to cash generation in the Permian
Chevron is nearing its production target of 1 million barrels of oil...
Chevron is nearing its production target of 1 million barrels of oil equivalent per day in the Permian Basin and plans to maintain that level through 2040. The company is scaling back rigs and frack crews and expects to grow its annual free cash flow from the region to $5 billion by 2027, assuming $60 Brent crude, which will support shareholder returns.
UConn team extracts cleaner lithium from geothermal brine
University of Connecticut researchers are developing more sustainable...
University of Connecticut researchers are developing more sustainable methods to extract lithium from geothermal brine to support a domestic supply chain for electric vehicle batteries. Their process combines carbon capture, on-site recycling of precipitating agents and digital simulations to cut CO2 emissions by 50% and lower production costs. "Without environmentally sustainable, affordable solutions, we are reaching a tipping point where demand will far outweigh lithium supply availability," said lead researcher Burcu Beykal.
Chevron closes $53b Hess deal after vanquishing Exxon’s legal challenge
Big Oil got a little bit bigger yesterday when Chevron ...
Big Oil got a little bit bigger yesterday when Chevron closed its acquisition of its smaller rival Hess, securing access to coveted oil reserves off the shore of Guyana. Chevron and Hess struck the deal back in 2023, but Exxon brought a legal challenge to block it in the biggest oil feud since somebody shot JR. Exxon claimed Hess was contractually obligated to offer to sell Exxon its stake in a Guyana development the companies operate in partnership with the China National Offshore Oil Corp. before making another deal, but yesterday arbitrators from the International Chamber of Commerce in Paris denied that claim. Chevron quickly wrapped up the deal with Hess a few hours later.
The GENIUS Act is the law of the land. President Trump ...
The GENIUS Act is the law of the land. President Trump signed the bill into law yesterday, setting up a framework for regulating stablecoins—digital currency pegged to traditional assets—that are linked to the US dollar. It’s a big win for the crypto industry, and Trump said it was a “giant step to cement American dominance of global finance and crypto technology.” The law could help push stablecoins into the mainstream, and major companies like Walmart and Amazon have been said to be considering launching their own.
President Trump sued Rupert Murdoch, Dow Jones, and two reporters for libel over a Wall Street Journal story that claimed he sent a racy letter to celebrate Jeffrey Epstein’s 50th birthday, which the president has denied.
Ten American prisoners held in Venezuela were freed in prisoner swap for 250 Venezuelan migrants whom the US had sent to prison in El Salvador.
AmEx announced record-breaking earnings yesterday, saying its high-flying customers are still spending big.
Insurers selling plans on ACA exchanges are expected to hike premiums next year as subsidies on them are set to expire, with the average person expected to be paying 75% more, according to an analysis from the nonpartisan research group KFF.
Union Pacific and Norfolk Southern reportedly in talks to merge, which would create the largest railroad in North America, linking the East and West Coasts.
North Korea has banned foreigners from its new beach resort, so your plans to build sand castles with Kim Jong Un have been dashed.
