Category: Top Story
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Chevron confirms major oil and gas condensate discovery offshore Angola
Chevron Corporation (NYSE:CVX), through its subsidiary Cabinda Gulf Oil Company Limited (CABGOC), has confirmed an oil and gas condensate discovery at the 105-4X exploration well in Angola’s offshore Block 0. Drilled in the Lower Congo Basin, the well encountered an oil and gas condensate column measuring more than 600 metres, or 2,000 feet, within the…
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Uber and Zipline team up to bring drone deliveries to Uber Eats in the U.S.
Uber Technologies stock price
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Wall Street futures flat as investors weigh Anthropic growth against oil and economic risks: Dow Jones, S&P, Nasdaq
Wall Street is heading towards a muted start to the week, with U.S. equity futures indicating little change on Monday as investors balance softer economic data against persistent geopolitical and energy-market risks. Technology could be one area of strength following a Bloomberg report that Anthropic (NASDAQ:ANTP) has told prospective investors its second-quarter revenue increased by…
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Union Pacific fuel surcharges exceed Q2 fuel costs by $91.1 million
Union Pacific (NYSE:UNP) collected $91.1 million more from fuel surcharges than it spent on fuel during the second quarter, according to a regulatory filing with the Surface Transportation Board first reported by Reuters. The surplus was substantially larger than those reported by rival rail operators and contributed directly to Union Pacific’s profitability. The figures are…
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Five key market events investors are watching this week
Financial markets are entering the new trading week amid signs of a traditional summer slowdown, with analysts pointing to the VIX volatility index falling to its lowest level of the year. Despite quieter trading conditions, investors still face a busy calendar of corporate results, economic releases and central-bank developments. Major U.S. retailers are due to…
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Reddit leads major social media platforms in revenue growth per user
Reddit (NYSE:RDDT) delivered the strongest year-on-year growth in average revenue per user among major social media platforms during the second quarter of 2026, according to analysis published by Bank of America on Monday. In the U.S., Reddit’s ARPU increased 50% from a year earlier to $11.30, putting the platform ahead of its peers in terms…
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Rothschild upgrades Apple to Buy as foldable iPhone and AI strategy drive optimism
Rothschild & Co Redburn has upgraded Apple (NASDAQ:AAPL) from Neutral to Buy and lifted its price target sharply to $400 from $260, citing the company’s expected entry into foldable smartphones alongside the potential evolution of its artificial intelligence strategy. Analysts led by Timm Schulze-Melander said Apple’s AI offering, Apple Intelligence, has so far fallen short…
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S&P 500 nears record as weak retail data and Iran tensions shape critical week
The S&P 500 enters a pivotal week for earnings and economic data within touching distance of a record close, after finishing Friday, August 14, just 13 points below its all-time closing high of 7,798.99. The benchmark slipped 0.17% to 7,785.76 in the previous session, with Applied Materials (NASDAQ:AMAT) contributing to the decline after its shares…
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Fed rate hike bets retreat as markets await retail earnings and fresh economic signals: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures were mixed on Monday as investors further reduced expectations for an interest rate increase from the Federal Reserve in September following a run of softer economic data. Attention is also turning towards a busy week of retail earnings, including results from Walmart (NYSE:WMT), Home Depot (NYSE:HD) and Lowe’s (NYSE:LOW). Elsewhere, Anthropic’s (NASDAQ:ANTP)…
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Morgan Stanley Favours Quality, AI Adopters and Financials as Earnings Growth Broadens
Morgan Stanley sees U.S. corporate earnings momentum spreading well beyond the largest technology companies, creating opportunities in quality stocks, artificial intelligence adopters, large-cap financials and consumer discretionary goods. Strategists led by Michael Wilson argue that investors are also becoming more selective, increasingly rewarding businesses that combine earnings growth with strong free cash flow and operating…