The energy sector has enjoyed bumper profits in the current year, with Big Oil companies setting records right, left and center. ExxonMobil (NYSE: XOM), Chevron (NYSE: CVX) and Shell (NYSE: SHEL) together brought in $46 billion in earnings in the second quarter, with all three setting new records for quarterly earnings. Overall, high commodity prices …
Energy Earnings Set To Ease, But Oilfield Services Remain Strong Read More »
Southwest Airlines and Guitar Center are getting dragged on Twitter over a publicity stunt. The airline gave every passenger a ukulele on a flight from Long Beach to Honolulu. Twitter users mocked Southwest for the ruckus that a plane full of ukulele players would have caused. Loading Something is loading. Southwest Airlines is getting dragged …
Southwest Airlines Roasted for Giving Passengers Ukuleles Read More »
Uber on Monday disclosed more details related to the security incident that happened last week, pinning the attack on a threat actor it believes is affiliated to the notorious LAPSUS$ hacking group. “This group typically uses similar techniques to target technology companies, and in 2022 alone has breached Microsoft, Cisco, Samsung, NVIDIA, and Okta, among …
Uber Blames LAPSUS$ Hacking Group for Recent Security Breach Read More »
President Joe Biden defended his economic policy during a “60 Minutes” interview with CBS’s Scott Pelley, claiming that critics are not putting inflation spikes in perspective. The buck isn’t stopping. The value of the US dollar has been on a tear for more than a year against everything from the British pound across the Atlantic …
After gas prices soared to new heights, even crossing the $5 mark months ago, fuel costs have gone in the other direction. The question now is, how low will they go, and how long will they stay there? Gas prices nationwide have been falling daily for three months — 95 consecutive days on Long Island …
Gas prices fall daily for 3 months after hitting $5 a gallon Read More »
Biden, this week, launched a major funding scheme for the widescale expansion of electric vehicle (EV) infrastructure across the US to support the development of a massive EV fleet. The President hopes that greater investment in EV charging stations, as well as tax credits for EV development and uptake, will encourage automakers to roll out …
What’s Inside Of Biden’s Big Electrification Plan? Read More »
Ether’s New ‘Staking’ Model Could Draw SEC AttentionThe Wall Street Journal Why Ethereum Price is Under More Pressure After Gensler CommentsCryptonews The SEC Chair Issued A Game-Changing Ethereum Warning—Sparking A Major Price CrashForbes SEC guidelines disrupts bank cryptocurrency projectsFinextra US CFTC Chair Says ‘Many’ Crypto Assets Are Commodities, Calls for His Agency To Regulate Digital …
Ether’s New ‘Staking’ Model Could Draw SEC Attention – The Wall Street Journal Read More »
Netflix Inc NFLX shares are trading higher Thursday following positive analyst coverage from Evercore ISI. Evercore ISI Group analyst Mark Mahaney upgraded Netflix from an In-Line rating to Outperform and raised the price target to $300 from $245, citing new revenue opportunities from the company’s ad-supported streaming tier. Netflix shares popped on Wednesday after the …
Why Netflix Stock Is Rising Again – Netflix (NASDAQ:NFLX) Read More »
The market’s violent reaction to hotter-than-expected inflation may usher in more losses. Investor Peter Boockvar believes Wall Street is coming to grips with a painful reality: Inflation isn’t moderating, so the Federal Reserve won’t pivot. “After next week’s rate hike, we’re going to start playing a dangerous game with the state of the economy. The …
Next Fed rate hike to spark dangerous game in economy: Peter Bookvar Read More »
Listen to article (2 minutes) Rent the Runway said it would reduce its corporate workforce by 24%, primarily through layoffs, as the fashion-rental service adjusts to a slowdown in consumer spending and shifts from shopping habits adopted earlier in the pandemic. The New York company on Monday didn’t specify the total number of jobs affected. …
Rent the Runway to Reduce Workforce as More Customers Pause Their Subscriptions Read More »