As protests against Israel’s actions in the war in Gaza continue on...
As protests against Israel’s actions in the war in Gaza continue on college campuses around the US, police in riot gear arrested about 200 protesters at UCLA and dismantled their camp. Police also cleared protesters who occupied a library at Portland State. And Rutgers postponed final exams and set an afternoon deadline for protesters to leave, which they agreed to do peacefully. The Associated Press estimates that 2,000 people have been arrested at campus demonstrations in recent weeks. President Biden even weighed in yesterday, saying that peaceful protests are lawful but that violence and vandalism are not and that the protests have not changed his stance on Israel.
iPhone sales are down, and Apple share buybacks are up. Apple...
iPhone sales are down, and Apple share buybacks are up. Apple managed to keep investors happy, sending its stock shooting up after-hours yesterday, despite selling fewer iPhones last quarter. Sales of the signature phone dipped 10% year over year, and revenue fell 4.3% to $90.8 billion. But Apple also announced $110 billion in share buybacks, the largest in the company’s history, per CNBC. And sales in China, which has been a sore spot, came in at $16.4 billion, less than a year earlier but more than analysts had predicted.
Exxon’s $60 billion purchase of Pioneer Natural Resources got the green light from the FTC after the oil giant agreed not to give a seat on its board to Pioneer’s former CEO, whom the agency accused of colluding with OPEC to raise oil prices.
Peloton’s CEO is stepping down, and the company plans to lay off 15% of its staff as it continues to grapple with waning popularity in a world in which people aren’t stuck at home anymore.
A whistleblower at Boeing supplier Spirit AeroSystems died suddenly this week after contracting a fast-spreading infection.
Benchmark U.S. crude oil for June delivery fell 5 cents to $78.95 per barrel Thursday. Brent crude for July delivery rose 23 centsto $83.67 per barrel.
Wholesale gasoline for June delivery rose 2 cents to $2.60 a gallon. June heating oilfell 1 centto $2.44 a gallon. June natural gasrose 11 centsto $2.04 per 1,000 cubic feet.
Dow ends 300-plus points higher, Treasury yields fall ahead of Apple earnings
U.S. stocks ended higher on Thursday after Federal Reserve Chairman Jerome...
U.S. stocks ended higher on Thursday after Federal Reserve Chairman Jerome Powell on Wednesday downplayed stagflation fears and said a rate hike at the central bank’s next policy meeting was unlikely.
The Dow Jones Industrial Averagerose 322.37 points or 0.9% on Thursday to end at 38,225.66. The S&P 500went up 45.81 points or 0.9% to finish at 5064.20. The Nasdaq Compositewent up 235.48 points or 1.5% to close at 15,840.96.
O&G firms push drilling boundaries in the Delaware
Geological complexities, infrastructure constraints and regulatory hurdles...
Geological complexities, infrastructure constraints and regulatory hurdles make the Delaware Basin a more difficult place to drill compared to the Midland Basin, yet many oil and natural gas companies are undeterred, lured by the region's vast reserves and long-term production potential. Companies such as Continental Resources, APA Corp and Devon Energy are applying lessons learned in other shale plays and investing in strategic acquisitions, new technologies and infrastructure development to overcome these challenges and unlock the basin's resources.