U.S. oil, gas sector sees best lending climate in years
Banks are extending larger commitments and better terms to US oil and...
Banks are extending larger commitments and better terms to US oil and natural gas producers in what's shaping up as the most favorable lending environment for the sector since before the coronavirus pandemic, according to BOK Financial Senior Vice President Matt Chase. Both regional and larger lenders are ramping up energy financing, while equity capital is also trickling back, with investment concentrating on high-quality gas projects.
Breaking news: U.S. inflation accelerated in August
U.S. inflation accelerated in August...
U.S. inflation accelerated in August at a speed that is likely to keep the Federal Reserve cautious about lowering borrowing costs too quickly once it restarts cuts as soon as next week.
The Consumer Price Index, released on Thursday by the Bureau of Labor Statistics, rose 2.9 percent compared with the same time last year, the fastest annual pace since the start of 2025.
“Core” inflation, which the central bank tracks as a gauge of underlying inflation since it strips out volatile items like energy and food prices, steadied at 3.1 percent.
The overall measure of inflation rose 0.4 percent for the month, slightly higher than economists had expected. The core measure rose 0.3 percent.
🇺🇸 U.S. marks 24th anniversary of 9/11 terror attacks
NEW YORK (AP) — Americans are marking 24 years since the Sept. 11,...
NEW YORK (AP) — Americans are marking 24 years since the Sept. 11, 2001, attacks with solemn ceremonies, volunteer work and other tributes honoring the victims.
Many loved ones of the nearly 3,000 people killed will join dignitaries and politicians at commemorations Thursday in New York, at the Pentagon and in Shanksville, Pennsylvania.
The remembrances are being held during a time of increased political tensions. The 9/11 anniversary, often promoted as a day of national unity, comes a day after conservative activist Charlie Kirk was shot and killed while speaking at a college in Utah.
NATO held talks after Russian drones shot down in Poland
After Polish and Dutch jets shot down Russian drones over Poland amid...
After Polish and Dutch jets shot down Russian drones over Poland amid Russia’s aerial bombardment of neighboring Ukraine, NATO members held talks yesterday to discuss the implications. Article 5 of the treaty that created the defense alliance, which calls on members to guarantee each other’s security, is the best known, but the talks were held under Article 4, which allows members to raise their security concerns for discussion—without automatically prompting a response. Russia said it did not intend to attack targets in Poland after EU leaders condemned the incursion. Poland’s prime minister said, “This situation brings us the closest we have been to open conflict since World War II.”
Conservative activist Charlie Kirk fatally shot at Utah college...
Conservative activist Charlie Kirk fatally shot at Utah college event. Kirk, 31, died yesterday after being shot while speaking onstage at an event at Utah Valley University. He hosted a popular podcast, was a staunch ally of President Trump, and, as a teenager in 2012, founded Turning Point USA, a conservative youth organization now active at over 3,500 college campuses. The assassination was the latest in a recent wave of political violence and was condemned by lawmakers from both parties. An initial suspect in the shooting was released from custody last night after being interrogated by law enforcement, according to FBI Director Kash Patel. “No one understood or had the Heart of the Youth in the United States of America better than Charlie,” Trump, who ordered flags to be flown at half mast through Sunday, wrote on social media.
Novo Nordisk, the maker of Ozempic and Wegovy, plans to lay off 9,000 people, representing ~11.5% of its staff, as it struggles to maintain market share amid fierce competition in weight loss drugs.
Sandwich chain Potbelly has agreed to be acquired by convenience store owner RaceTrac for $566 million.
Vimeo is being bought by European software company Bending Spoons, which will pay $1.38 billion for the video hosting site.
Chipotle will bring its burritos and bowls to Asia through a joint venture with SPC Group. It plans to open locations in South Korea and Singapore in 2026, where presumably guac will still be extra.
Two Englishmen had tea together, which in this case was noteworthy because it was King Charles III and his youngest son, Prince Harry, meeting in person for the first time in over a year following a rift after Harry and his wife, Meghan Markle, left royal life for California.
