U.S. Crude and Natural Gas Production Soars to Record Highs in 2023
U.S. crude and natural gas production soared to record highs in 2023, presenting a complex political challenge for President Joe Biden as the 2024 presidential campaign gains momentum. The industry’s increased output raises questions about its ability to reduce emissions…
Synopsys in Talks to Acquire Ansys in Potential $35 Billion Deal
A potential $35 billion deal is in the works as big design-software companies, Synopsys and Ansys, are in exclusive talks. The deal, which could be one of the first major transactions of the new year, is expected to be a…
EU Antitrust Head to Meet with Apple CEO and Other Tech Giants
The European Union’s antitrust head, Margrethe Vestager, is set to meet with Tim Cook, CEO of Apple, and other tech giants next week. This meeting comes at a time when Apple seems to be taking a more cooperative approach towards…
Verizon Mobile Phone Service Outage
Verizon mobile phone customers experienced a service outage on Friday afternoon, leaving them unable to make or receive calls for at least an hour. The issue affected customers across various states, with reports of the outage spiking at 11:45 a.m….
Southwestern Energy and Chesapeake Energy Merger
Southwestern Energy and Chesapeake Energy are on the verge of a merger that could create a company worth approximately $17 billion, positioning it as one of the largest natural-gas producers in the United States. Sources familiar with the situation have…
Everence Capital Management Inc. Raises Holdings in Microsoft Co. (NASDAQ:MSFT)
Microsoft Co. (NASDAQ:MSFT) has seen an increase in its shares as Everence Capital Management Inc. raised its holdings in the company by 2.8% during the 3rd quarter, as reported in its most recent 13F filing with the Securities and Exchange…
Understanding Market Valuation Indicators
Market Valuation: Is the Market Still Overvalued? Market valuation is a critical aspect of understanding the current state of the economy and investment opportunities. Here is a summary of the four market valuation indicators that are updated monthly to provide…
Florida Man Files Negligence Lawsuit Against Dunkin’ After Exploding Toilet Incident
A Florida man has filed a negligence lawsuit against Dunkin’, alleging that he sustained severe and long-term injuries from an exploding toilet at one of the coffee chain’s locations in central Florida. The customer, Paul Kerouac, is seeking more than…
Carrefour Stops Selling PepsiCo Products Due to Price Increases
Carrefour, one of France’s largest supermarket chains, has made the decision to stop selling PepsiCo products due to their increasing prices, marking the latest development in the ongoing conflict between retailers and suppliers over pricing. Notably, stores have begun displaying…
LensCrafters $39 Million Class Action Settlement for Alleged False Statements
LensCrafters, a prominent eyewear retailer, has found itself embroiled in a $39 million class action settlement over allegations of false or misleading statements regarding its Accufit digital system. Despite denying these claims, the company has opted for the settlement to…