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• Hurricane Hilary Approaches
  Tropical Storm...
  Tropical Storm Hilary, which formed in the Pacific off the coast of Mexico and is moving northwest, has strengthened into a hurricane and is expected to bring heavy rain and flash flooding to the southwestern US into next week. California, Nevada, and Arizona are forecast to receive 2 to 10 inches of rain, including in drought-stricken areas.
  
  Hurricane Hilary is expected to turn into a Category 4 hurricane today before weakening to a tropical storm over the weekend as it approaches California. Track its trajectory here.
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• China Evergrande just filed for Chapter 15 bankruptcy protection
  The filing from the world's most indebted developer, which had about ...
  The filing from the world's most indebted developer, which had about $340 billion in liabilities by the end of 2022, came amid a real-estate crisis and its spillover impact on the economy in China.
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for September delivery...
  Benchmark U.S. crude oil for September delivery rose $1.01 to $80.39 a barrel Thursday. Brent crude for October delivery rose 67 cents to $84.12 a barrel.
  
  Wholesale gasoline for September delivery fell 5 cents to $2.82 a gallon. September heating oil rose 7 cents to $3.09 a gallon. September natural gas rose 3 cents to $2.62 per 1,000 cubic feet.
  
  
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• Dow ends almost 300 points lower, stocks fall for third straight day
  U.S. stocks closed lower on Thursday, with the selloff in equities...
  U.S. stocks closed lower on Thursday, with the selloff in equities gathering steam in late-day trade, as government bond yields touched their highest level in about 16 years. The Dow Jones Industrial Average DJIA shed about 291 points, or 0.8%, ending near 34,473, while the S&P 500 index SPX closed 0.8% lower and the Nasdaq Composite Index COMP fell 1.2%, according to preliminary FactSet Data. Equities were lower across the board, with only the S&P 500’s energy sector scoring gains on Thursday of 1.1%. Bond yields were once again a big driver in the market. Higher long-term Treasury rates make borrowing costs more expensive for households, the government and corporations, which can pinch earnings, economic growth, and the stock market. Federal Reserve minutes of the July policy meeting showed central banks remain concerned about containing inflation, which could lead to additional rate increases.
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• Key US Natural Gas Exporter Faces Lawsuits Over Employee Stock Options
  (Bloomberg) -- US natural gas exporter Venture Global LNG Inc. is facing lawsuits from former employees...
  (Bloomberg) -- US natural gas exporter Venture Global LNG Inc. is facing lawsuits from former employees who say the company blocked them from exercising their stock options.
  
  The plaintiffs say Venture Global’s compensation committee has refused to let them cash in their 10-year options before they expire next year and hasn’t provided a reason for the denials.
  
  Both complaints were filed in early July in US District Court for the Eastern District of Virginia. Muller is seeking $8.3 million in damages, while the three other parties are suing for $77.4 million total. Closely held Venture Global is valued at more than $15 billion, with co-founders Robert Pender and Michael Sabel together owning a stake of about $12 billion, according to the suit by Ruggirello, Dillbeck and Lindquist.
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