As it stands, we’re not on the path to net zero emissions by 2050, ExxonMobil CEO Darren Woods said. And maybe that’s not Big Oil’s fault. “The dirty secret nobody talks about is how much all this is going to…
OpenAI asked a judge to dismiss parts of The New York Times‘ lawsuit against it, alleging that the media company “paid someone to hack OpenAI’s products,” such as ChatGPT, to generate 100 examples of copyright infringement for its case. In…
The stock market is not yet in bubble territory, according to Jeremy Siegel, even with tech stocks surging this year amid enthusiasm over the rise of AI. But the veteran market watcher, who warned equities were a “sucker’s bet” before…
A man explains the importance of voting ‘uncommited’ as he hands out fliers outside the Islamic Center of Detroit to ask voters to vote ‘uncommitted’ in Michigan Primary elections on Tuesday, in Michigan, United States on February 26, 2024. Mostafa…
Bloomin’ Brands, the owner of Outback Steakhouse and several other well-known restaurant chains, has shut the doors on 41 locations. The company, on an earnings call, surprised investors with news of the permanent closures of select Outback Steakhouse, Carrabba’s Italian…
Hess Corp shares fell Tuesday after Chevron warned investors that a dispute with Exxon Mobil and China’s National Offshore Oil Corp. (Cnooc) over Guyana’s offshore oil assets could jeopardize its bid to acquire the company. Hess was down nearly 4%…
BlackRock Inc., which capitalized on a decade-long boom in index investing, said investors should rely more heavily on actively managed strategies. Higher interest rates, persistent inflation and more geopolitical risk offer active managers and hedge funds a bigger opportunity to…
Here are the most important news items that investors need to start their trading day: 1. Retreating The S&P 500 and Dow Jones Industrial Average slipped on Monday, pulling back from the record highs they each notched on Friday. The…
Europe’s fight to curb CO2 emissions is increasingly being take to the continent’s skies. Now one of its biggest economies, Spain, is following France in an attempt to curb the impact of polluting aircraft. Under an agreement struck by…
The global regulatory regime for “too big to fail” banks set up after the 2008 crisis is not working, according to Switzerland’s finance minister. In an interview with the Swiss newspaper NZZ on Saturday, Karin Keller-Sutter – who was at…