Morning News: August 1, 2024

For Europe’s Big Oil, Profits Still Count on Crude

Four in Ten German Manufacturers Eye Move Abroad on Energy Costs

Exxon Almost Walked Away From Its $1 Trillion Oil Discovery

Shell Earnings Beat Market Views Despite Lower Gas Trading, Refining Margin Hit

Midwestern Farmers Who Say Yes to Solar Power Face Neighbors’ Wrath

How Thousands of Middlemen Are Gaming the H-1B Program

More Than 100 Silicon Valley Investors Pledge to Support Kamala Harris

Trump Promises Lower Interest Rates, but the President Doesn’t Control Those

Bank of England Cuts Interest Rates for First Time Since 2020

Fed on Course for September Rate Cut as Risks to Job Market Grow

Why the Fed Risks Falling Behind

Societe Generale Hurt by Weak Performance at French Retail Unit

Barclays Announces $960 Million Buyback, Lifts Outlook as Investment Bank Shines

Ackman’s IPO Dream Implodes From $25 Billion to Zero in Weeks

Three Big Differences Between the AI and Dot-Com Bubbles

DC Welcomes Ex-OpenAI Board Member After Sam Altman Drama

Meta’s Upbeat Earnings Buy Time for AI Investment to Pay Off

Meta’s Lesson in Allaying Wall Street’s A.I. Fears

Reddit Acquires Generative AI Startup Memorable AI

Power-Hungry Data Centers Are Gobbling Up Texas Amid AI Boom

Applied Materials Is Denied US Chips Grant for $4 Billion Silicon Valley Project

ArcelorMittal Trims Steel Outlook After Earnings Slumped on Lower Steel Prices

Spirit Airlines Curtailing Workforce as Quarterly Loss Widens

Nike Paid Him to Make Gold-Dipped Sneakers for LeBron. Now, It Is Suing Him.

After Years of Raising Prices, Food Companies Hit Consumers’ Limits

Wendy’s Cuts Sales Guidance as US Guest Counts Drop

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Posted by on August 1st, 2024 at 7:04 am


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