The S&P 500 rose 0.3% to finish near 6,481, eclipsing its previous record of 6,468.54, set on Aug. 14.
The Dow Jones Industrial Average rose 147 points, or 0.4%, to finish near 45,565.11.
The Nasdaq Composite ended 0.2% higher, near 21,590.13.
Stocks continued to shrug off worries about the independence of the Federal Reserve, sparked by President Donald Trump's attempt to fire governor Lisa Cook, who is planning a legal challenge and has refused to step aside.
Black Hills, NorthWestern to tackle data center growth
The Black Hills and NorthWestern Energy utilities have agreed to merge...
The Black Hills and NorthWestern Energy utilities have agreed to merge into a single entity that will be better positioned to meet growing demand from data centers. The merged utility will serve eight states. NorthWestern already has pending agreements to serve large-scale data centers, including Quantica Infrastructure, Atlas Power and Sabey Data Centers, with potential loads reaching up to 900 megawatts.
Chevron has deliberately shifted its US shale strategy from growth-at-all-costs...
Chevron has deliberately shifted its US shale strategy from growth-at-all-costs to a plateau model that emphasizes efficiency, stable outputs and cash flow generation, according to Chevron President of Shale and Tight Bruce Niemeyer. The company is cutting rigs in the Permian Basin but continues to generate more oil with fewer crews, while its $53 billion Hess deal expands its portfolio to Guyana and the Bakken Shale. "Where we're headed next is we're going to get more out of the wells, but it's going to require a different kind of insight and the ability to connect things together, and AI is going to be a big part of that," Niemeyer said.
Starship’s 10th test flight succeeds, in big boost to SpaceX, NASA
The largest and most powerful rocket ever built went ...
The largest and most powerful rocket ever built went up to space and back, launching at 7:30pm ET yesterday from Starbase in Texas. The Starship spacecraft and the Super Heavy booster both made simulated landings before exploding (the former in the Indian Ocean, the latter in the Gulf of Mexico). An expert source told the New York Times that the company “appeared to achieve all of their test objectives” and is “back on track” after three Starship tests failed earlier this year. The mission gives both SpaceX and NASA good news and momentum as they work together toward the Artemis III mission, which intends to put two astronauts on the moon and is currently scheduled for late 2027.
Norway divests from Caterpillar over Palestine demolitions. The...
Norway divests from Caterpillar over Palestine demolitions. The world’s largest sovereign wealth fund is selling off its ~$2.1 billion stake in US equipment-maker Caterpillar, it announced this week, citing Israel’s documented use of its bulldozers to destroy Palestinian homes in the West Bank and Gaza. The fund’s independent ethics council said, “Caterpillar’s products are being used to commit extensive and systematic violations of international humanitarian law” with the help of the US government, which buys the machinery and sells it to Israel. The White House, Israel, and Caterpillar didn’t immediately comment. Amid mounting public and political pressure, Norway’s wealth fund has divested from more than 20 Israeli companies this year in an ongoing ethics review, but Caterpillar is the first major US company to get the boot.
ExxonMobil and Russia’s biggest state energy company held talks about the former resuming business in the country after the 2022 exodus of US trade partners.
OpenAI was sued by the family of a teenager who died by suicide, saying ChatGPT was to blame for the death.
Social Security’s chief data officer said DOGE uploaded a file with the private information of 300 million Americans to an unsecured cloud in June.
Powerball is offering its seventh-biggest prize ever tonight—$815 million—after no one won the grand prize on Monday night.
Cracker Barrel announced it would revert to its old logo after its update sparked an uproar.
Apple will hold an event on Sept. 9 to reveal the iPhone 17 lineup.
