Permian Basin landowner LandBridge is set to raise up to $319 million in a US initial public offering, aiming for a valuation of up to $1.6 billion. Backed by Five Point Energy, the company leases 220,000 surface acres to oil and gas producers and sells extracted resources.
Netanyahu dissolved Israel’s war Cabinet. Israeli...
Netanyahu dissolved Israel’s war Cabinet. Israeli Prime Minister Benjamin Netanyahu made the decision after two of the five members of the Cabinet, assembled during the war in Gaza’s early days, quit recently over his handling of the war. The move was largely expected after Netanyahu’s rival, centrist politician Benny Gantz, left the Cabinet. Netanyahu now plans to turn to the larger security Cabinet about strategy, while still considering sensitive matters with smaller groups. The change potentially gives right-wing nationalist politicians, who oppose a cease-fire, a greater voice as Israel continues cease-fire negotiations with Hamas and tries to avoid a growing conflict with Hezbollah on the Lebanese border
The Boston Celtics beat the Dallas Mavericks in Game 5 to win a record-setting 18th NBA title. That’s one more than their longtime rival, the Los Angeles Lakers.
Wells Fargo is losing $10 million per month on its partnership with Bilt, whose credit card offers users reward points for paying rent, and is looking to renegotiate, the WSJ reports.
Apple has stopped offering its buy now, pay later program, Apple Pay Later, after partnering with outside companies, including Affirm.
The governor of Maryland pardoned 175,000+ marijuana convictions as restrictions on cannabis ease around the country.
Scooter Braun, known for discovering Justin Bieber and feuding with Taylor Swift, said he’s no longer working as a music manager and is focusing on his CEO role at Hybe America and spending time with his family. His statement came nearly a year after rumors swirled of high-profile clients moving on.
Benchmark U.S. crude oil for July delivery rose $1.88...
Benchmark U.S. crude oil for July delivery rose $1.88 to $80.33 per barrel Monday. Brent crude for August delivery rose $1.63 to $84.25 per barrel.
Wholesale gasoline for July delivery rose 5 cents to $2.45 a gallon. July heating oil rose 1 cent to $2.48 a gallon. July natural gas fell 9 cents to $2.79 per 1,000 cubic feet.
Dow ends up nearly 200 points as S&P 500, Nasdaq bag fresh records
According to Dow Jones Market Data, the Nasdaq's streak of closing records...
According to Dow Jones Market Data, the Nasdaq's streak of closing records is the longest since a string of eight that ended on Nov. 8, 2021.
The S&P 500 and Nasdaq saw record closes last week as cooling inflation and economic data provided a boost at least to tech favorites, though a weak performance by stocks outside the favored sectors were seen by some analysts as a mark of concern over signs of a softening economy.
The Dow Jones Industrial Average finished with a gain of around 189 points, or 0.5%, near 38,779, according to preliminary figures.
The S&P 500 rose around 42 points, or 1%, to close near 5,473.
The Nasdaq Composite advanced around 168 points, or 1%, finishing near 17,857.
Ares Energy's Pradera Fuego Project in Ector County, Texas, has achieved...
Ares Energy's Pradera Fuego Project in Ector County, Texas, has achieved initial production rates exceeding 1,000 barrels per day from wells targeting the Mississippian interval in the Barnett Shale. According to president Bob Dimit, who called the Barnett "the next big thing for the Permian Basin, " Ares has six wells online and a seventh to be completed in July."
