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☆ South Korea plant fire kills 22 people after lithium battery combustion
▼ + stars: | 2024-06-24 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Emergency vehicles are parked next to the site of a fire at a lithium battery factory owned by South Korean battery maker Aricell in Hwaseong on June 24, 2024. At least twenty-two people died after lithium battery combustion ignited a massive fire in a South Korean factory, local officials said, according to NBC News. The blaze erupted at the Aricell battery factory in Hwaseong, a city south of Seoul, around 10:31 a.m. local time, officials said. The plant housed an estimated 35,000 batteries, NBC said. The factory was a reinforced concrete three-story building that sprawled over roughly 2,300 square meters and housed an estimated 35,000 batteries, according to South Korean news agency Yonhap.

Persons: Kim Jin, Young, Lee Sang, Yoon Suk, yeol Organizations: South, NBC News, Reuters, Authorities, CNBC, NBC, Hwasong Fire Department, Associated Press, Fire Agency, Korea's, Central Disaster, Headquarters, South Korean Ministry of Public Administration, Security Locations: South Korean, Hwaseong, Seoul, South

☆ A conservative way to get long legacy auto stocks as they rebound from EV troubles
▼ + stars: | 2024-06-13 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

Geologist M. King Hubbert developed the "peak oil" theory in the 1950s. He famously projected that U.S. oil production would peak between 1965 and 1970, which seemed accurate as U.S. oil production did peak around 1970. Hubbert's prediction about the U.S. oil production peak was largely accurate for conventional oil production. Still, global oil production has not followed Hubbert's anticipated timeline due to discoveries, technological advancements, and new extraction techniques. Hydraulic fracturing (fracking) and deep-water drilling have significantly increased oil production beyond what was initially thought possible.

Persons: M, King Hubbert, Hubbert, Hubbert's, I've, Ford Organizations: Federal Electric Vehicle, ICE, GM, Ford, Trade Locations: United States, California

☆ Why oil companies are raking in record profits under Joe Biden
▼ + stars: | 2024-06-11 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

CNN —Nearly four years ago, while campaigning in the runup to the last presidential election, Donald Trump warned that President Joe Biden would “destroy” the oil industry. In the last three and a half years, US oil production — and oil and gas company profits — have broken records. That’s a 160% jump compared to the first three years of the pro-big-oil Trump administration, according to calculations by CNN. However, in March, the Biden administration approved ConocoPhillips’ massive Willow oil drilling project on Alaska’s North Slope, which holds around 600 million barrels of oil, angering climate advocates. Despite his mixed record with oil and gas companies, though, Biden has presided over a historic run for the industry, Kloza said.

Persons: Donald Trump, Joe Biden, Trump, Biden, That’s, —, Tom Kloza, ”, Hess, Chevron’s, Abdullah Hasan, Darren Woods, Mike Wirth, Woods, Obama, Bob McNally, Kloza, ” Kloza, “ It’s Organizations: CNN, Global, ExxonMobil, Chevron, ConocoPhillips, Resources, Schlumberger, Oil Price Information Service, US Energy Information Administration, Oil, Natural Resources, Exxon, White, Shareholders, Microsoft, Apple, The Washington Post, Keystone XL, Rapidan Energy Group, Republican Locations: United States, Ukraine, Boon, dealmaking, The

☆ Crude oil posts third straight weekly loss as supply and demand weigh on market
▼ + stars: | 2024-06-07 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Crude oil futures Friday posted a third straight weekly loss on worries that demand may be softening even as OPEC+ plans to increase production. Here are Friday's closing energy prices:The OPEC+ production increase would start when refineries are down for fall maintenance and then ramp up as demand typically weakens heading into winter. Still, oil market analysts have widely described this week's sell-off as an overreaction, noting that the OPEC+ production increase does not start until October. In the meantime, oil balances should tighten as the cuts remain in place during the summer driving season when demand typically rises, according to JPMorgan. JPMorgan and Barclays have said oil demand growth remains relatively healthy.

Organizations: Brent, Poor U.S, JPMorgan, Barclays, Deutsche Bank, RBC Capital Markets Locations: Gulf of Mexico, OPEC

☆ Is the climate your top issue? Here's a guide to each candidate's stance.
▼ + stars: | 2024-06-04 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

From the protection of lakes and streams to the battle to curb greenhouse gas emissions, many voters in the upcoming US presidential election want to see the federal government play an active role in climate issues. One thing is clear though: the lion's share of voters believe that climate change is real. AdvertisementThe latest quarterly survey from the Yale Program on Climate Change Communication revealed that 72% of Americans believed that climate change was occurring, while only 15% disagreed. Related storiesHere's a look at President Joe Biden and former President Donald Trump's positions on climate — which is poised to be a defining issue for Gen Z and millennial voters this fall. But President Donald Trump withdrew from the plan while in office, blasting it as detrimental to the US economy.

Persons: Joe Biden, Donald Trump's, Gen Z, Biden, Barack Obama, Obama, Donald Trump, Trump Organizations: Service, Business, Yale, GOP, US, Keystone XL, Trump, Alaska National Wildlife, Environmental Protection Agency, Mar, The Washington, of Energy Locations: Paris, Alaska, Michigan

☆ China’s Chang’e-6 probe lifts off with samples from moon’s far side in historic first
▼ + stars: | 2024-06-04 | by ( Nectar Gan | Simone Mccarthy | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —China’s Chang’e-6 lunar probe departed from the far side of the moon on Tuesday, moving a step closer to completing an ambitious mission that underlines the country’s rise as a space superpower. Its return journey to Earth is estimated to take about three weeks, with a landing expected in China’s Inner Mongolia region around June 25. “The lunar surface is rich in basalt,” Zhou added. It marked the second time a mission has successfully reached the far side of the moon, after China first completed that historic feat in 2019 with its Chang’e-4 probe. Last year, India landed a spacecraft on the moon for the first time, while Russia’s first lunar landing mission in decades ended in failure when its Luna 25 probe crashed into the moon’s surface.

Persons: China’s, Bill Nelson, Nelson, –, “ zhong, CNSA, ”, Zhou Changyi, Zhou, James Head Organizations: Hong Kong CNN, Beijing, China National Space Administration, NASA, CNSA, Brown University, Luna Locations: Hong Kong, China, Mongolia, Aitken, India, Japan, Texas

☆ South Korea's Yoon approves exploration of vast oil, gas prospects off the coast
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: +1 min

South Korean President Yoon Suk Yeol gave the green light on Monday to conduct exploratory drilling for potentially vast oil and gas prospects found off the east coast of the nation that is one of the world's largest energy importers. South Korean President Yoon Suk Yeol gave the green light on Monday to conduct exploratory drilling for potentially vast oil and gas prospects found off the east coast of the nation that is one of the world's largest energy importers. "Today, I approved the Ministry of Trade, Industry and Energy to go ahead with the drilling for exploration deep in the east sea," Yoon said. Yoon identified an area off the southeastern industrial port city of Pohang as the location. The president said South Korea has conducted a series of explorations for oil and gas beginning in 1996 and tapped a gas reserve of the equivalent of about 4.5 million barrels.

Persons: Yoon Suk Yeol, Yoon Organizations: South, Ministry of Trade, Industry, Energy Locations: Pohang, South Korea

☆ ‘No quid pro quo’ between Trump and oil execs at Mar-a-Lago, Gov. Burgum says
▼ + stars: | 2024-06-02 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Trump also reportedly told the executives that he would auction off more oil drilling leases in the Gulf of Mexico. "I was at that meeting – that did not happen," Burgum said on CBS' "Face the Nation" on Sunday. "He didn't ask for a billion dollars in donations, and there was no quid pro quo." In January, Burgum endorsed Trump for president. Burgum, who's also a software entrepreneur, announced earlier this year that he won't be seeking a third term as governor.

Persons: Kathryn Burgum aplauds, North Dakota Doug Burgum, Donald Trump, Doug Burgum –, Donald Trump's, –, Trump, Biden, Burgum, he's, who's Organizations: Republican, North Dakota Gov, Washington Post, CBS, Continental Resources, Continental, CNBC Locations: North Dakota, Las Vegas , Nevada, Lago, Palm Beach , Florida, Gulf of Mexico, Williams County , North Dakota

☆ Best energy and utility stocks to own for rest of year, according to UBS
▼ + stars: | 2024-05-31 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

In a Thursday note, analyst Josh Silverstein listed the firm's "most compelling" buy-rated stocks to own across the energy and utilities sectors, including Suncor Energy , Coterra Energy , SLB , NextEra Energy and First Solar . Energy and utilities sectors are faring well this year, gaining 12.5% and 8.9%, respectively, while the broader market has advanced about 9.3%. His $90 price target suggests shares could jump 15.1%. First Solar is another favorite of UBS, which assigned the stock a $350 price target that implies 26.5% upside. Other energy and utility favorites UBS named include Coterra and Suncor Energy .

Persons: Josh Silverstein, William Appicelli, Jon Windham, —, SLB Organizations: UBS, Suncor Energy, Coterra Energy, NextEra Energy, . Energy, Big Tech Locations: Schlumberger

☆ Big oil shareholders could get a lot richer
▼ + stars: | 2024-05-30 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Big oil just got bigger, and shareholders could soon be getting richer. Dollar Tree will reopen these stores with its own products under its brand beginning in the fall, reports my colleague Nathaniel Meyersohn. Dollar Tree, a national company with mostly suburban locations, primarily offers discretionary merchandise like party supplies and home goods. Dollar Tree also owns Family Dollar, based mostly in cities. Family Dollar has underperformed Dollar Tree and other discount chains in recent years, and it’s closing 975 stores.

Persons: Stewart Glickman, ”, “ it’s, Stewart, Hess, McDonald’s, Joe Erlinger, “, Danielle Wiener, Bronner, they’re, Chris Kempczinski, ” Read, Nathaniel Meyersohn Organizations: CNN Business, Bell, New York CNN, ConocoPhillips, Marathon, Diamondback, Endeavor Energy Partners, “, McDonald’s, America, Mac, ” Locations: New York, multibillion, McDonald’s USA, U.S, Arizona , California , Nevada, Texas, Virginia, West Coast

☆ American Eagle profit soars, but sales grow slower than expected
▼ + stars: | 2024-05-29 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

An American Eagle Outfitters store in New York, US, on Monday, May 27, 2024. American Eagle Outfitters Inc. is scheduled to release earnings figures on May 29. American Eagle on Wednesday said it's making gains in boosting profitability as it works to improve its product assortment and tweak operations. During the fiscal first quarter, American Eagle grew its gross margin by 2.4 percentage points. It recently implemented a new store design for American Eagle, which is "outpacing the balance of the chain," said Foyle.

Persons: it's, Mike Mathias, Jennifer Foyle, Foyle, we've Organizations: American Eagle Outfitters, American Eagle Outfitters Inc, Wall, LSEG, Eagle, Finance, CNBC, Federal Reserve Locations: New York

☆ How to run an efficient meeting, according to tech billionaires who took them very seriously
▼ + stars: | 2024-05-28 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +4 min

"I like a crisp document and a messy meeting," Bezos said in a conversation with podcaster Lex Fridman in December. Microsoft had just bought the company Williams worked at. Gates "was always curious, always wanted to understand, always drilling for more detail," Williams wrote for BI in 2023. AdvertisementAfter Jobs died in 2011, Segall wrote a book about Apple's work culture, "Insanely Simple." "He stopped cold," Segall wrote.

Persons: —, Mark Cuban, Jeff Bezos, Cooper Neill, Bezos, Lex Fridman, Bill Gates, Sean Gallup, Chris Williams, Gates, Williams, he'd, Steve Jobs, Justin Sullivan, Ken Segall, Jobs, Segall, Lorrie, Eric Schmidt, Antoine Antoniol, Schmidt, Jonathan Rosenberg, Rosenberg Organizations: Service, Business, Getty, Microsoft, Intel, BI, Getty Former, Google

☆ Chevron’s $53 Billion Oil Deal Is Backed by Hess Shareholders
▼ + stars: | 2024-05-28 | by ( Rebecca Elliott | ) www.nytimes.com time to read: +1 min

A large oil industry deal advanced on Tuesday after shareholders of Hess approved a proposed sale of the company to Chevron for $53 billion. Control over one of the most prized oil assets, off the shores of Guyana, is at stake in the deal, which still faces significant hurdles. Exxon is contesting Chevron’s acquisition of Hess by arguing that Hess can’t sell itself without allowing Exxon to buy its stake in the Guyana project. Chevron and Hess have said Exxon’s interpretation of the terms of Exxon and Hess’s partnership is incorrect. But Hess prevailed at its shareholders’ meeting on Tuesday in convincing a majority that the deal was in their best interest.

Persons: Hess Organizations: Chevron, Exxon Mobil, Exxon Locations: Guyana, sweetening

☆ Senate Democrats launch investigation into alleged Trump ‘quid pro quo’ with oil executives
▼ + stars: | 2024-05-23 | by ( Kaanita Iyer | ) edition.cnn.com time to read: +3 min

CNN —Senate Democrats have launched an inquiry into recent reports that Donald Trump offered oil executives the reversal of some of President Joe Biden’s climate policies upon the former president’s reelection in exchange for campaign contributions. The committees are seeking “descriptions of policy proposals discussed” and “materials distributed to any attendees” at the event. “Time and time again, both Mr. Trump and the U.S. oil and gas industry have proved they are willing to sell out Americans to pad their own pockets,” Sens. In his first term, Trump overturned more than 100 environmental rules and actions put in place by the Obama administration. Trump has vowed that if he’s reelected he will reverse those actions and boost fossil fuels, and oil and gas drilling.

Persons: Donald Trump, Joe Biden’s, Trump, Sens, Ron Wyden, Sheldon Whitehouse, Biden, ”, ” Trump, Karoline Leavitt, Obama, he’s, CNN’s Morgan Rimmer, Kate Sullivan, Ella Nilsen, Jeremy Herb Organizations: CNN, Democrats, Senate Finance, ExxonMobile, Chevron, Oregon, Big, The Washington Post, Trump Locations: U.S, Rhode, The, Lago

☆ House Democrats investigate if Big Oil colluded with OPEC to inflate gas prices
▼ + stars: | 2024-05-22 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —Congressional Democrats are investigating whether leading US oil companies have illegally colluded with one another and with OPEC to inflate prices at the pump, CNN has learned. The Federal Trade Commission earlier this month accused Sheffield, the founder of Pioneer Natural Resources, of conspiring with OPEC and its allies to boost prices. Pallone argued that public data suggests US oil producers did not ramp up drilling during the period that Sheffield was trying to influence his rivals. Pallone sent Exxon additional document demands, including communications between Pioneer employees who were involved in developing production plans and representatives of OPEC and OPEC+. Sheffield was among the oil CEOs who testified before Pallone’s committee during an April 2022 hearing on Big Oil and gas prices.

Persons: Frank Pallone Jr, ”, Scott Sheffield, “, ” Pallone, Sheffield, Hess, Pallone Organizations: New, New York CNN, Congressional, OPEC, CNN, Committee, Energy, Commerce, ExxonMobil, BP, New Jersey Democrat, Federal Trade Commission, Sheffield, Pioneer Natural Resources, FTC, Oil, Exxon, Chevron, Shell USA, Devon Energy, Big, ” Locations: New York, Chevron, Hess, BP America, New Jersey, Texas, OPEC, Russia, colluding, United States, ”, Occidental

☆ Trump VP prospect Doug Burgum and GOP megadonor Harold Hamm are allies in business and politics
▼ + stars: | 2024-05-21 | by ( Brian Schwartz | ) www.cnbc.com time to read: +12 min

Continental Resources donated $1 million to the super PAC in April, according to Federal Election Commission records. A spokeswoman for both Continental Resources and Hamm, its executive chairman, did not respond to a request for comment. All seven wells have been active since 2011, just two years after Burgum's family signed an agreement with Continental Resources. The Burgum Farm Partnership LLP, which oversees the family farm land in Williams County and Cass County, is worth between $500,001 and $1 million, according to the financial disclosure. Doug Burgum is a managing partner of the Burgum Farm Partnership, and he signed the businesses' latest annual report in March.

Persons: Donald Trump, Doug Burgum, Vivek Ramaswamy, Jabin, Harold Hamm, Burgum, Theodore Roosevelt, Sen, Marco Rubio, Rubio, Trump, Hamm, Bradley Burgum, Mike Nowatzki, Nowatzki, Burgum's, He's, Barbara, Edward Hirs, Brandon Bell, Jack Balagia, Ryan Kellog, Kellog, Ted Borrego, —, Virginia Canter, Canter, Chip Somodevilla, he's, Kathryn, Dan Eberhart, Eberhart, Leah Millis Organizations: North Dakota Gov, Margate, Washington Post, Continental Resources, Trump White House, CNBC, Trump, Republican, Trump that's, Inc, Commission, Continental, Federal, North Dakota's Minerals Department, Drilling, LLP, University of Houston, Getty, University of Texas, Exxon Mobil, University of Chicago, University of Houston Law Center, Trump White, North, Canter . North, Burgum Locations: Laconia, NH, Hamm, North Dakota, Williams County, Burgum, Fla, Florida, Dakota, North, Brooklyn, Cass County, Fort Stockton , Texas, Washington, Canter ., Canter . North Dakota, Laconia , New Hampshire, Continental Resources . North Dakota, Pittsburgh , Pennsylvania, U.S

☆ Biden and Big Oil Had a Truce. Now, It’s Collapsing.
▼ + stars: | 2024-05-21 | by ( Lisa Friedman | Rebecca Elliott | ) www.nytimes.com time to read: +1 min

Early in his term, President Biden seemed to have struck an uneasy truce with the oil and gas industry. Mr. Biden had imposed restrictions on drilling as part of his ambitious climate agenda, but he also approved an enormous $8 billion oil project in Alaska. The United States had become the world’s leading exporter of natural gas, and no other country in history was pumping more crude. Then, in January, Mr. Biden paused new permits for export facilities for liquefied natural gas. That decision galvanized oil and gas companies against Mr. Biden, according to industry lobbyists, and will be an undercurrent at a fund-raising lunch set for Wednesday in Houston.

Persons: Biden, Donald J, Trump, Mr, “, ”, Thomas J, Pyle Organizations: United, Mr, American Energy Alliance Locations: Alaska, United States, Houston

☆ PGA Championship analysis: 10 notes to know on Xander Schauffele’s win
▼ + stars: | 2024-05-19 | by ( Justin Ray | ) www.nytimes.com time to read: +9 min

AdvertisementHere are the top numbers and notes to know from the final round of the 106th PGA Championship. At 20-under, DeChambeau became the first player to shoot minus-20 or lower in a major championship and not win. Morikawa was looking to join Woods as the only men to win the PGA Championship twice in their first five tries in the stroke play era. Tied with Morikawa in fourth place was Thomas Detry, who enjoyed the best finish of his young major championship career. One day after recording his first over-par score since August, Scottie Scheffler finished his chaotic PGA Championship week with a more familiar 65.

Persons: it’s, Xander Schauffele, Schauffele, Bryson DeChambeau, Brooks, he’s, Rory McIlroy, Tiger Woods, Woods, DeChambeau, Brendan Steele, McIlroy, — DeChambeau, Dustin Johnson, Jack Nicklaus, That’s, Viktor Hovland, Henrik Stenson, Johnson, Collin Morikawa, Morikawa, Thomas Detry, Scottie Scheffler’s, Matt Stone, Scottie Scheffler, Scheffler, Tom Watson, Justin Thomas, Thomas, JT, Wanamaker, Jordan Spieth, Spieth, Martin Kaymer, Larry Nelson, Hal Sutton, Ben Crenshaw, Andy Lyons Organizations: Valhalla Golf, PGA, 106th PGA, Bethpage, Valhalla, U.S . Amateur, PGA Championship, Riviera, Mexico, American Express, Puerto Rico, PGA Tour, Amateur, Big, Scheffler, Southern Hills, U.S, U.S ., 124th U.S ., Getty Locations: Valhalla, Vidanta, U.S, Pinehurst, Illinois, USA, Kentucky, Koepka, Shinnecock, Bellerive

☆ Trump sought $1 billion from oil execs for his 2024 campaign in a deal worth $110 billion to energy giants, reports say
▼ + stars: | 2024-05-19 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

Trump is alleged to have sought $1 billion from oil executives at Mar-a-Lago for his 2024 campaign. Oil companies risk losing $110 billion in tax breaks if Biden's budget is enacted, said The Guardian. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.

Persons: Trump, —, Donald Trump Organizations: Mar, Guardian, Service, Washington Post, Democratic, Business

☆ Scientists map long-lost arm of the Nile that flowed past 31 pyramids
▼ + stars: | 2024-05-16 | by ( Katie Hunt | ) edition.cnn.com time to read: +5 min

The inhospitable location has long puzzled archaeologists, some of whom had found evidence that the Nile River once flowed near these pyramids in some capacity, facilitating the landmarks’ construction starting 4,700 years ago. “This is the first study to provide the first map of the long-lost ancient branch of the Nile River.”Ghoneim and her colleagues refer to this extinct branch of the Nile river as Ahramat, which is Arabic for pyramids. Ancient Egyptians likely used the now-extinct Ahramat Branch to build many pyramids. Eman Ghoneim et alThe ancient waterway would have been about 0.5 kilometers wide (about one-third of a mile) with a depth of at least 25 meters (82 feet) — similar to the contemporary Nile, Ghoneim said. Most likely, a period of drought and desertification swept sand into the region, silting up the river, Ghoneim said.

Persons: CNN —, ”, Ghoneim, ” Ghoneim, Nick Marriner, ” Marriner Organizations: CNN, University of North, University of North Carolina Wilmington’s, Branch, National Science Foundation, French National Centre for Scientific Research Locations: Giza, University of North Carolina, Ahramat, Egypt, Paris

☆ House Democrat presses oil CEOs for details of Trump's fundraising dinner at Mar-a-Lago
▼ + stars: | 2024-05-14 | by ( Josephine Rozzelle | ) www.cnbc.com time to read: +1 min

Rep. Jamie Raskin (D-MD) speaks during a House Committee on Oversight and Accountability hearing on Capitol Hill in Washington, DC, on September 28, 2023. The House Oversight Committee's top Democrat asked oil executives to reveal whether former President Donald Trump had proposed a "quid-pro-quo" arrangement to them at a recent Florida fundraising dinner, according to letters released Tuesday by Rep. Jamie Raskin, D-Md. The letters arose from a Washington Post report that Trump hosted the executives for dinner Apr. "You all are wealthy enough," Trump reportedly told the assembled guests. Raskin asked the executives to provide descriptions of any discussions related to policy proposals or campaign finance they had at the dinner, as well as any efforts by the CEOs' respective companies to support Trump's campaign.

Persons: Jamie Raskin, Donald Trump, Trump, Raskin Organizations: Capitol, Democrat, Washington Post, Mar, Biden Locations: Washington ,, Florida, Gulf of Mexico

☆ Trump asked top oil execs for $1 billion campaign cash in exchange for environmental policy rollbacks, report says
▼ + stars: | 2024-05-12 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

The transactional campaign promise indicates what a second Trump presidency would mean for the White House's environmental agenda. Pornsak Na Nakorn/EyeEm/GettyWhile Biden has positioned the climate crisis as an existential threat and championed aggressive environmental regulations, Trump has dismissed it as a hoax and systematically dismantled environmental protections during his tenure. Related storiesSince taking office in 2021, Biden has swiftly reversed many of Trump's environmental actions, including blocking future oil drilling in the Alaskan Arctic. However, despite oil industry grievances over Biden's policies, the US has experienced record oil production, leading to substantial profits for major energy companies like ExxonMobil and Chevron, said The Post. As the campaign trail heats up, Trump's message to the oil industry remains clear: support him, and he'll deliver on their demands.

Persons: —, Donald Trump, Joe, Trump, Getty, Biden, BI's Benji Jones, he'll Organizations: Service, Lago Club, The Washington Post, Business, Democratic, Post, Keystone XL, ExxonMobil, Chevron, Trump, Fox News, Iowa Locations: Gulf of Mexico

☆ Opinion | What Donald Trump Would Do for $1 Billion
▼ + stars: | 2024-05-11 | by ( Jamelle Bouie | ) www.nytimes.com time to read: +3 min

Not to spend too much time writing about Donald Trump this week, but I was struck by this report in The Washington Post on the former president’s recent overtures to oil executives. After hearing one executive during an event last month at his Mar-a-Lago club complain about supposedly burdensome environmental regulations promulgated by the Biden administration, Trump made a proposition. You all are wealthy enough, he said, that you should raise $1 billion to return me to the White House. His hotel, located just down the street from the White House, was a clearinghouse for anyone who wanted to buy a favor. And six months after leaving the White House, Jared Kushner secured a $2 billion investment from a fund led by the crown prince of Saudi Arabia.

Persons: Donald Trump, Biden, Trump, ” Trump, I’m, Trump’s, Tweed, Roscoe Conkling, Jared Kushner Organizations: The Washington Post, White Locations: The, Gulf of Mexico, Saudi Arabia

☆ Highly successful people use this mental shift to get ahead of stress at work, says neuroscientist
▼ + stars: | 2024-05-07 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

The best strategy for tackling those moments of stress actually involves some preparation: Highly successful people get ahead of their unsteadiness with a key mindset shift, according to Lisa Feldman Barrett, a neuroscientist, author and psychology professor at Northeastern University. They don't see stress as something bad to be overcome, but instead as something natural that can be managed. Instead, she recommends doing exercises beforehand to practice doing what unnerves you, and to help train yourself to understand and handle the stress differently. "It's a shift from making the sensation go away to getting better at performing while I'm feeling the sensation," he said. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.

Persons: Lisa Feldman Barrett, Barrett, Wharton, Adam Grant's, Ted, Grant, speck, ted Organizations: Northeastern University, CNBC

☆ Caitlin Clark plays in WNBA preseason debut after being drafted No. 1 by Indiana Fever
▼ + stars: | 2024-05-03 | by ( Homero De La Fuente | Ben Morse | ) edition.cnn.com time to read: +7 min

1 overall pick in the 2024 WNBA draft by the Indiana Fever, scored a game-high 21 points in the team’s preseason game Friday against the Dallas Wings. I think it’s a good kickoff to the WNBA season. I think the way we play, you know there’s some things we could’ve executed a little better. Ogunbowale finished with 19 points, including nine points in the fourth quarter, to lift the Wings to the preseason victory. Michael Conroy/APBoston – who averaged 14.5 points and 8.4 rebounds last season – said she hopes to improve on a promising debut WNBA campaign.

Persons: Caitlin Clark, Clark, Clark dazzles, wasn’t, ” Clark, Arike Ogunbowale, Ogunbowale, Jaelyn Brown, could’ve, TickPick, Caleb Williams, Clark merchanise, Michael Conroy, “ It’s, “, you’ve, –, Boston Organizations: CNN, WNBA, Indiana Fever, Dallas Wings, NCAA, Iowa Hawkeyes, College Park Center, NCAA Division I’s, Wings, Dallas, ”, Iowa, Indiana, Chicago Bears, Hawkeye, Fever, Boston, Eastern Conference, Boston –, Atlanta, Connecticut Sun, Mohegan Sun Locations: Arlington , Texas, Boston, Indianapolis, Indiana

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