Oil Prices Fuel Doubling of Profits from Global Commodities Trading Report Finds
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Alleged ‘deal’ offer from Trump to big oil could save industry $110bn, study finds
Ex-president at Mar-a-Lago last month hosted more than 20 executives, including from Chevron, Exxon and Occidental. A “deal” allegedly offered by Donald Trump to big-oil executives as he sought $1bn in campaign donations could save the industry ...The Guardian - World - Donald Trump -
Oil prices rise as crude inventories fall and U.S. inflation eases
West Texas Intermediate and Brent are flat for the week. The contracts have lost 4% and 5.8%, respectively, for the month.CNBC - Business -
U.S. oil prices settle at one-week high on post-CPI relief rally and drop in crude supplies
U.S. oil prices settled at their highest level in a week on Thursday, extending a relief rally sparked by data showing a slowdown in key U.S. inflation data.MarketWatch - Business -
Donovan Mitchell trade rumors: 'Growing sentiment' suggests Cavaliers can re-sign star guard, per report
Mitchell is eligible for a contract extension this offseasonCBS Sports - Sports - NBA -
Bodies left decomposing in hospitals, reports find
Leeds General Infirmary among NHS hospitals criticised for storing bodies at unsuitable temperatures.BBC News - Top stories -
The number of child migrants arriving in an Italian city has more than doubled, a report says
An aid group says that the number of unaccompanied children who arrived in the northern Italian city of Trieste through the Balkan migratory route has more than doubled last yearABC News - World -
Rain, cooler temperatures help prevent wildfire near Canada's oil sands from growing
Yahoo News - World -
A deeply divided Congress finds common ground: Concert-ticket pricing stinks.
The U.S. House of Representatives resoundingly passed a bill Wednesday that would mandate more transparency on ticket prices for live events and ban practices that jack up concert prices.MarketWatch - Business -
Is Double Denim Back? Fashion Savants Have Proclaimed Its Return.
It’s twilight time for the era of hoodies and sweats. Make way for another kind of suit, pairing a trucker jacket with matching jeans.The New York Times - Lifestyle -
Mortgage rates fall to the lowest level in a month, but ‘home buyers are still feeling the pressure’ from high home prices
The 30-year mortgage rate is averaging at 7.02% Freddie Mac said in its latest weekly survey on Thursday.MarketWatch - Business -
Trade policy is the new front in the US presidential election
Also in today’s newsletter, how Ray Dalio is thinking about the electionFinancial Times - World -
Xi urged to respond with caution to Biden’s trade tariffs
Beijing advisers call on China’s leader to hold ‘moral high ground’ as spat with US intensifiesFinancial Times - World - Joe Biden -
Individual investors made 30% of GameStop trades on Monday
As the stock prices of GameStop and AMC skyrocket, so does the number of people trading those shares.MarketWatch - Business -
Teen died from eating a spicy chip as part of social media challenge, autopsy report concludes
A teen who participated in a spicy chip challenge on social media died from ingesting a high amount of a chili pepper extract, according to an autopsy report.NBC News - Top stories -
Chiefs first-round rookie Xavier Worthy's car stolen from parking garage in Kansas City, per reports
The vehicle was reportedly taken by criminals overnightCBS Sports - Sports -
USC paid nearly $20 million in Lincoln Riley's first season after poaching coach from Oklahoma, per report
The Trojans paid a king's ransom for the splash hireCBS Sports - Sports -
Former ‘Love Island’ stars charged with promoting trading scheme on Instagram
UK’s Financial Conduct Authority accuses ‘finfluencers’ in social media crackdownFinancial Times - Business -
Dow Jones trades above 40,000 for first time, but fails to achieve milestone
The Dow Jones Industrial Average trades above 40,000 for first time ever on Thursday, but fails to finish above the milestone.MarketWatch - Business -
Chevron to sell UK North Sea assets as it exits ageing oil basin
Company to focus on newer oilfields, bringing to an end more than 55 years of operations in regionFinancial Times - Business - United Kingdom -
Collusion claims in US oil must reckon with record production
It should be no surprise that Texans are themselves capitalists firstFinancial Times - World -
Extent of oil spill following barge collision with Texas bridge unclear: Coast Guard
Officials are monitoring an oil spill in Texas waterways after the partial collapse of a bridge that was struck by a barge.ABC News - Top stories -
Chevron to sell off its remaining North Sea oil and gas fields
US company denies decision is linked to UK’s 35% windfall tax on North Sea producers. Chevron is preparing to call time on more than five decades in the North Sea with a plan to sell its remaining oil and gas fields in the ageing oil basin.. The ...The Guardian - World -
Senators allege partisan politics, double standards in response to FDIC scandal
Republican and Democratic senators accused one another of playing partisan politics Thursday in their responses to reports of a toxic workplace culture at the Federal Deposit Insurance Corporation (FDIC). While GOP lawmakers across the board have ...The Hill - Politics -
Kristi Noem doubles down on cartels being in SD reservations
South Dakota Gov. Kristi Noem (R) doubled down on claims Thursday that drug cartels are operating in the state with connections to Native American tribes, after multiple tribes in the state banned her from their lands over the comments. Noem said ...The Hill - Politics