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  • Aug 29, 2024

Shell Set to Cut 20% of Jobs in Some Oil and Gas Divisions

(Bloomberg) -- Shell Plc is set to cut around 20% of its workforce in some oil and gas exploration and development divisions as Chief Executive Officer Wael Sawan works to boost efficiency and profitability. Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowA Loud Warni

  • Aug 29, 2024

Art Is Not a Security

NFTs “expose the incoherence of the SEC’s understanding of what it’s authorized to regulate,” says law professor Brian L. Frye, following news yesterday that the SEC has issue...

  • Aug 29, 2024

Marathon Oil shareholders vote in favor of $16 billion ConocoPhillips deal

Marathon Oil shareholders on Thursday approved the U.S. oil producer's nearly $16 billion acquisition by ConocoPhillips, the company said. Marathon Oil and ConocoPhillips expect the purchase, which is undergoing a Federal Trade Commission review, to close late in the fourth quarter of 2024. Details of the vote were not immediately available.

  • Aug 29, 2024

US second-quarter economic growth revised higher on consumer spending

The U.S. economy grew faster than initially thought in the second quarter amid strong consumer spending, while corporate profits rebounded, which should help to sustain the expansion. The economy grew at a 1.4% pace in the first quarter. Economists polled by Reuters had forecast GDP would be unrevised at a 2.8% pace.

  • Aug 29, 2024

US Economy Expands at Revised 3% Rate on Resilient Consumer

(Bloomberg) -- The US economy grew at a slightly stronger pace in the second quarter than initially reported, reflecting an upward revision to consumer spending that more than offset weaker activity in other categories.Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsIntergenerational Housing Could Help Older Adults Combat LonelinessDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowA

  • Aug 29, 2024

Stratasys Q2 Earnings: Loss Widens, Cuts Workforce, Lowers Annual Projections, Stock Tumbles

Stratasys, Ltd (NASDAQ:SSYS) stock tanked after the company reported fiscal second-quarter 2024 revenue of $138.04 million, missing the analyst consensus estimate of $146.34 million. Adjusted EPS loss of 0.04 cents beat the analyst consensus estimate of 5 cent loss. The adjusted gross margin expanded to 49.0% from 48.5% a year ago. Adjusted operating loss was $(3.2) million, down from $5.0 million a year ago. Adjusted net loss was $(3.0) million, down from $2.5 million a year ago. Adjusted EBITD

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