In a federal indictment unsealed yesterday, prosecutors accuse the former president of illegally hanging on to classified materials after leaving office, including documents with military and nuclear secrets. It alleges that Donald Trump kept boxes of documents in a bathroom and on a ballroom stage at Mar-a-Lago and that he twice showed secret information to people who did not have security clearances (once while noting that he was no longer able to declassify documents). Trump, who denies doing anything wrong, is expected to appear in court Tuesday before Aileen Cannon, a judge he appointed and who ruled in his favor on issues earlier in the case. A Trump aide was also indicted.
Benchmark U.S. crude oil for July delivery fell $1.12 to $70.17 a barrel Friday. Brent crudefor August delivery fell $1.17 to $74.79 a barrel.
Wholesale gasoline for July delivery fell 2 cents $2.59 a gallon. July heating oilfell 3 cents to $2.36 a gallon. July natural gasfell 10 cents to $2.25 per 1,000 cubic feet.
Nasdaq Composite notches 7-week winning streak as U.S. stocks end the week higher
U.S. stock indexes finished higher on Friday with the Nasdaq...
U.S. stock indexes finished higher on Friday with the Nasdaq CompositeCOMP, +0.16% booking its longest weekly winning streak since November 2019, while the S&P 500SPX, +0.11% extended gains after technically exiting bear-market territory, logging its fourth straight weekly advance. On Friday, the Dow Jones Industrial AverageDJIA, +0.13% rose 43 points, or 0.1%, to end at 33,877, while the S&P 500 advanced 0.1%, to finish at 4,298. The Nasdaq was up 0.2%.
For the week, the S&P 500 posted a 0.4% gain and its fourth positive week in a row. It was the index’s longest weekly winning streak since August 12, 2022. The Nasdaq Compositejumped 0.1%, while the Dow industrialsrose 0.3% on a weekly basis, according to Dow Jones Market Data.
From Twitter: Apache Corp. Suspends North Sea Drilling | Reduces Workforce
U.S. oil producer Apache Corp on Friday...
U.S. oil producer Apache Corp on Friday said it was suspending drilling in the North Sea and reducing its British workforce because high taxes have made the operation less competitive. #ootthttps://t.co/5fALMOSJhM
Grand Isle LNG has proposed building a 4.62-million-short-ton-per-year liquefied natural gas export...
Grand Isle LNG has proposed building a 4.62-million-short-ton-per-year liquefied natural gas export facility offshore Plaquemines Parish, La., with first deliveries targeted for 2026. The project will be executed in two phases using a platform-based modular design approach, and all platforms and many components will be fabricated in Louisiana.
