The sun sets beyond crude oil storage tanks at the Juaymah tank farm at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Ras Tanura, Saudi Arabia, on Monday, Oct. 1, 2018.Bloomberg | Bloomberg | Getty ImagesGlobal benchmark Brent crude falling below $70 a barrel in early September — its lowest in 33 months — is terrific news for consumers, who will consequently see lower prices at the pump. It’s also the stuff of nightmares for OPEC+, for whom oil revenues are critical.The oil producer alliance led by Saudi Arabia earlier this month decided to delay oil production hikes…
Author: usaeverydaylife
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailMorgan Brennan sits down with Commerce Secretary Gina Raimondo for an exclusive interview. Secretary Raimondo discusses efforts to address national security risks posed by Chinese-made vehicles and software, the department’s implementation of the CHIPS Act to boost domestic semiconductor manufacturing, and the importance of maintaining U.S. leadership in the field of artificial intelligence. Source link
Former U.S. President and Republican presidential candidate Donald Trump speaks during a campaign rally at Johnny Mercer Theatre in Savannah, Georgia, on Sept. 24, 2024.Chandan Khanna | AFP | Getty ImagesFormer President Donald Trump unveiled several new manufacturing proposals at a rally in Savannah, Georgia, on Tuesday, part of an effort to sharpen his economic platform as Vice President Kamala Harris prepares a new policy rollout of her own.The Republican presidential nominee said if he were elected, he would reward U.S.-based manufacturers with expanded research and development tax credits, which would allow businesses to “write off 100% of the cost…
By now, much of the rage has passed. The takes have gone cold, the vitriol has been spewed, and all the jokes have been told about the dopey owner being born on third base and thinking he’s hit a triple. The Oakland Athletics will soon pass into history, which means the time has come to move on from the sadness of the funeral and turn instead to a much-deserved celebration of life.In that spirit, this should be said: To the Oakland A’s, thank you.For 57 summers, Oakland has had its own team. By extension, so did every kid like me,…
Caroline Ellison, former CEO of Alameda Research LLC, right, arrives at court in New York on Sept. 24, 2024.Michael Nagle | Bloomberg | Getty ImagesCaroline Ellison, the star witness in the prosecution of her former boyfriend, FTX founder Sam Bankman-Fried, was sentenced Tuesday in New York federal court to two years in prison and ordered to forfeit $11 billion for her role in the massive fraud and conspiracy that doomed the cryptocurrency exchange once valued at $32 billion.The prison term was significantly stiffer than the recommendation by the federal Probation Department that Judge Lewis Kaplan sentence Ellison to three years of…
Nvidia CEO Jensen Huang talks onstage with Salesforce CEO Marc Benioff during Salesforce’s Dreamforce in San Francisco on Sept. 17, 2024.Justin Sullivan | Getty Images News | Getty ImagesNvidia CEO Jensen Huang is done selling the chipmaker’s stock for the time being, cashing in more than $700 million under a prearranged plan.The 61-year-old executive in mid-March adopted a trading plan for the sale of up to six million Nvidia shares by the end of the first quarter of 2025. Huang has hit that threshold months ahead of schedule after a flurry of transactions between June 13 and Sept. 12, according…
Starbucks shares may be due for some downside, according to Jefferies. Analyst Andy Barish downgraded the stock to underperform from hold and cut its price target by $4 to $76. That implies more than 20% downside from Monday’s close. While the analyst believes the coffeehouse chain’s new CEO Brian Niccol — who was named to the position back in August — signals that “necessary strategic change is now on the table,” Barish still expects execution to be “challenged,” as issues pertaining to operations, culture, value perception and tech will “take time to fix.” He also expects the company’s upcoming fourth-quarter…
One of the world’s largest e-commerce companies is emerging as a top pick on Wall Street as investors look for tech opportunities beyond the Magnificent Seven.MercadoLibre, an Argentinian e-commerce and payments platform that’s incorporated in Delaware and actively traded on Nasdaq, is up 34% in 2024, compared to a roughly 27% rise for Amazon, and 20% for the S&P 500. The company was founded 25 years ago by CEO Marcos Gaplerin at the height of the dot com boom. It now dominates online sales in Brazil, Argentina, Mexico, Chile and makes up roughly half of online sales in South America,…
By Ben Standig, Paul Dehner Jr. and Mark PuleoIn a battle of recent LSU Heisman Trophy-winning quarterbacks, the rookie upended the Pro Bowl veteran and, in the process, may have dashed the Cincinnati Bengals’ playoff hopes before the calendar hits October. The Bengals fell to 0-3 with their 38-33 loss to Washington on Monday.For the Commanders, it was Jayden Daniels’ night to prove he’s the future as the No. 2 pick orchestrated long drive after long drive, leading Washington to five touchdowns. The fourth of those end zone trips came on a 1-yard lob to 320-pound offensive tackle Trent Scott…
The competition among ETF issuers to find a new way to squeeze the most income out of stock portfolios expanded again on Tuesday, with a new fund from Pacer that aims to deliver amplified dividends. The firm launched the Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF (QSIX) , a sister fund to the US Large Cap Dividend Multiplier 400 ETF (QDPL) that has grown to more than $500 million in assets since its launch in 2021. The funds target distributions equal to six times the dividend payouts on the Nasdaq-100 Index and four times the S & P 500 dividend,…
