Dominion Energy sells 50% stake in offshore wind project
Dominion Energy has completed a $2.6 billion sale of a 50% stake in the...
Dominion Energy has completed a $2.6 billion sale of a 50% stake in the Coastal Virginia Offshore Wind project to infrastructure investor Stonepeak as part of its plan to reduce borrowing. Dominion will retain operational control, while Stonepeak gains minority rights and shares future expenses. The project will supply energy to some 660,000 homes from 2026.
The 2024 World Series kicks off tonight in Los Angeles, featuring a classic matchup between the Yankees and Dodgers—their 12th championship meeting. This series marks a rare clash between both leagues' top seeds and showcases unprecedented star power, including five former MVPs and both leagues' current home run leaders in Aaron Judge and Shohei Ohtani.
The stakes are high for both teams: The Yankees aim to extend their record with a 28th championship, while the Dodgers pursue their eighth title and hope to avoid adding to their record of 14 World Series losses. The series starts at 8 PM ET on FOX, with oddsmakers giving the Dodgers a slight edge.
Israeli strikes across Gaza have killed at least 59 people over two days, including 17 who were reportedly seeking shelter at a school. The strikes come a week after Israeli forces killed Hamas' military head and leader, Yahya Sinwar, and as the militant group continues searching for a successor. See war updates here.
Meanwhile, US and Israeli negotiators are expected to travel to Qatar's capital, Doha, this weekend to renew stalled talks over a cease-fire and hostage-release deal. The US saw Sinwar as an obstacle in negotiations, but it isn't clear if Hamas is willing to return to the table. Options for a plan reportedly include one from Egypt, which calls for a two-week pause in fighting in exchange for the release of six hostages. Roughly 97 hostages taken Oct. 7, 2023, are still in Hamas' captivity.
In neighboring Lebanon, Israeli and Hezbollah forces continued to trade fire (see updates, w/maps), particularly in the southern part of the country. Hezbollah has also lost both its leader and presumed successor.
Big luxury brands merger hits speedbump. A federal...
Big luxury brands merger hits speedbump. A federal judge granted a preliminary injunction that the Federal Trade Commission made against an $8.5 billion deal that would see Tapestry, the owner of Coach, Stuart Weitzman, and Kate Spade, buy Capri, which owns Michael Kors, Versace, and Jimmy Choo. At trial last month, the FTC had argued that the merger would drive up the cost of handbags and cause harm to employees of the brands via lower wages and fewer benefits. This is the latest in a long string of mergers that FTC Chair Lina Khan has sought to prevent.
New home sales in the US increased at their fastest pace in a year.
Joker: Folie à Deuxis leaving theaters and going to home release following a dismal run at the box office.
Oil prices ease on possible new Middle East ceasefire talks
Oil prices eased about 1% in volatile trade on Thursday...
Oil prices eased about 1% in volatile trade on Thursday on reports the U.S. and Israel will try to restart talks on a possible ceasefire in Gaza.
Brent futures settled down 58 cents, or 0.8%, lower at $74.38 a barrel, while U.S. West Texas Intermediate crude (WTI) slipped 58 cents, or 0.8%, to end at $70.19.
Earlier in the session, both benchmarks traded up over $1 a barrel on concerns the ongoing conflict in the Middle East could result in oil supply disruptions and from uncertainty ahead of the U.S. presidential election on Nov. 5.
"(The) energy complex continues to zig and zag as Middle East risk premium expands and contracts almost daily," analysts at energy advisory firm Ritterbusch and Associates said in a note.
After Iran fired missiles at Israel on Oct. 1, Brent crude surged about 8% during the week ended Oct. 4 on worries Israel would attack Iran's oil infrastructure. It fell about 8% in the week ended Oct. 18 on reports Israel would not hit energy infrastructure, easing fears of supply disruptions.
