U.S. stocks post gains after Biden's withdrawal, with Big Tech back in the lead
U.S. stocks ended higher on Monday as Wall Street digested President...
U.S. stocks ended higher on Monday as Wall Street digested President Joe Biden's withdrawal from the 2024 presidential race, while investors looked forward to earnings from Big Tech companies.
Tech stocks led the gains after a rotation out of mega-cap tech companies last week. This turned into a full-scale retreat, and the S&P 500 logged its worst weekly performance since April.
According to preliminary closing data from FactSet, the Dow Jones Industrial Average ended up 0.3%.
The S&P 500 closed 1.1% higher, snapping a three-day losing streak.
The Nasdaq Composite gained 1.6%, also snapping a three-day losing streak.
Woodside Energy to Buy LNG Developer Tellurian for $900 Million
Tellurian said on July 21 that Woodside Energy Group Ltd. has entered...
Tellurian said on July 21 that Woodside Energy Group Ltd. has entered into a definitive agreement to buy Driftwood LNG developer Tellurian Inc. for approximately $900 million.
Subsidiaries of Australian E&P Woodside Energy will acquire all the outstanding shares of Tellurian in an all-cash transaction for $1 per share.
The acquisition price represents a 75% premium to Tellurian’s closing price of $0.571 per share on July 19 and a 48% premium to Tellurian’s 30-day volume weighted average price, the company said in a press release.
ONEOK invests $480M to address Denver area fuel demand
ONEOK has announced a $480...
ONEOK has announced a $480 million investment to boost refined product flows from the Midcontinent and Gulf Coast to the Greater Denver Area. The project involves a new 230-mile pipeline from western Kansas to the Denver International Airport and pump station upgrades and additions. It is expected to be completed by mid-2026 and aims to meet the region's increasing fuel demand.
Hydraulic fracturing, traditionally used in oil and natural gas extraction,...
Hydraulic fracturing, traditionally used in oil and natural gas extraction, is being harnessed to access geothermal energy through enhanced geothermal systems that provide continuous carbon-free power from underground heat. However, challenges such as lengthy permitting processes, high drilling costs and limited underground heat availability are preventing the technology from expanding fast enough to make a difference for the climate, highlighting the importance of government funding and streamlined regulatory frameworks.
Let the Paris Games begin: The opening ceremony for...
Let the Paris Games begin: The opening ceremony for the Paris Olympics will take place on the Seine on Friday, with organizers hoping the nearly four-hour visual feast will spur enthusiasm for the Olympics, which hasn’t been seen in quite some time. While certain people on your social media timeline are sure to spend two weeks portraying themselves as die-hard trampoline fans, US ratings have been down for recent Olympics, which have taken place during the heart of a pandemic and at inconvenient hours for American viewers. Some performers for the ceremony have yet to be announced, but it will be hard to top Mr. Bean in London in 2012.
At least two people have died in the US from a listeria outbreak connected to meat sliced at deli counters. The CDC says it is aware of 28 people who have been infected. Here’s what to do with your deli meat.
Xander Schauffele won the British Open, his second golf major of the year. American golfers have swept all four majors this year for the first time since 1982.
The WNBA All-Stars beat Team USA 117–109 in the final tuneup game before the national team heads to Paris. In related “Oh no, what’s going on with our national basketball team” news, the US men’s team escaped with a one-point win over South Sudan, which entered the exhibition game as a 43-point underdog.
Some overheated beverages on Southwest Airlines flights have been exploding mid-flight, causing injuries to nearly two dozen flight attendants.
