Kamala Harris is said to have the tacit support of Jamie Dimon, Bill Gates. JPMorgan...
Kamala Harris is said to have the tacit support of Jamie Dimon, Bill Gates. JPMorgan CEO Jamie Dimon wants Vice President Harris to win the election and would even consider joining her administration, according to the New York Times—but he will allegedly keep his preference private since he fears retaliation if former President Trump returns to office. In response, a JPMorgan spokesperson told the NYT that Dimon “has never publicly endorsed a presidential candidate.” Later in the day, the Times reported that Bill Gates, who also has not publicly endorsed a candidate, privately told people he donated $50 million to a nonprofit supporting Harris’s run.
Juul’s $300 million class action lawsuit is getting paid out, and some class members reportedly received thousands of dollars each.
Instagram and Threads banned accounts used to track celebrity jets across its platforms, including those of Mark Zuckerberg and Elon Musk, citing the risk of “physical harm.”
Ray-Ban parent company EssilorLuxottica said its Meta smart glasses are the top seller at 60% of stores in Europe, Africa, and the Middle East.
Alexei Navalny’s posthumous memoir, featuring his writings from prison, was released in the US.
One in five cancer patients in the US may be getting the wrong treatment, according to the president of the MD Anderson Cancer Center in Houston.
Dow ends flat, S&P 500 posts first back-to-back loss since early September
U.S. stocks finished mixed on Tuesday with the S&P...
U.S. stocks finished mixed on Tuesday with the S&P 500 posting its first back-to-back loss since early September as investors weighed rising Treasury yields amid concerns about an increase in deficit after the upcoming presidential election.
The Dow Jones Industrial Average finished nearly flat, at around 42,924 as of 4 p.m. Eastern time, according to FactSet data.
The S&P 500 lost less than 0.1%, to end near 5,851.
The Nasdaq Composite rose 0.2%, to finish around 18,573.
The yield on the 10-year Treasury advanced 2.5 basis points to 4.204%, while the 30-year rate rose less than 1 basis point to 4.493%. Both 10- and 30-year yields finished Tuesday’s session at their highest levels since July 25, according to Dow Jones Market Data.
Harris' campaign clarifies stance on drilling expansion
Vice President Kamala Harris'...
Vice President Kamala Harris' reversal of her past support for a fracking ban doesn't signal support for more fossil fuel drilling, according her climate engagement director, Camila Thorndike. Though Harris touted the historic rise in domestic oil production under the Biden administration, critics argue the industry's achievements happened in spite of federal policies, not because of them.
Appalachian Hydrogen Hub derailed by exits, uncertainty
Project cancellations and partner exits due to hydrogen demand uncertainty...
Project cancellations and partner exits due to hydrogen demand uncertainty and unresolved federal tax credits are casting doubt on the future of the Appalachian Regional Clean Hydrogen Hub, according to a report by the Ohio River Valley Institute. While hub leaders search for new partners, critics argue that hub's reliance on natural gas-derived blue hydrogen diminishes its potential to deliver meaningful environmental and economic benefits to the region.
Oil, gas players deploy robots for safer operations
Oil and natural gas companies such as ExxonMobil, Shell and BP are increasingly...
Oil and natural gas companies such as ExxonMobil, Shell and BP are increasingly adopting robotics to enhance safety in hazardous environments and increase productivity, according to GlobalData. By taking over routine tasks, robots free up resources and enable field technicians to focus on high-priority issues, ultimately driving both efficiency and reliability, said GlobalData analyst Ravindra Puranik.