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Senator Tim Scott (R-SC) speaks at the third Republican candidates' U.S. presidential debate of the 2024 U.S. presidential campaign hosted by NBC News at the Adrienne Arsht Center for the Performing Arts in Miami, Florida, U.S., November 8, 2023. Senator Tim Scott suspended his run for the 2024 Republican presidential election nomination on Sunday after months of burning through campaign cash at a blistering rate without making a significant dent in national opinion polls. "I think the voters, who are the most remarkable people on the planet, have been really clear that they're telling me: 'Not now Tim,'" Scott told Fox News in an interview on Sunday evening. The lone Black Republican in the U.S. Senate, Scott began his campaign in May, promising to present an optimistic, forward-looking vision for America. At the same time, Scott's finances began to deteriorate, an ominous sign for any presidential campaign.

Persons: Tim Scott, Adrienne Arsht, Mike Segar, Scott, Donald Trump, Nikki Haley, Haley, Ron DeSantis, Andy Sabin, Eric Levine, Levine, " Levine, Jeff Burns, Joe Biden, DeSantis, Biden, Gram Slattery, Alexandra Ulmer, Dan Whitcomb, Ross Colvin, Grant McCool, Miral Organizations: Republican, U.S, NBC News, Adrienne, Adrienne Arsht Center, Performing Arts, REUTERS, Rights, Fox News, United, Reuters, Black Republican, U.S . Senate, America, Florida, Trump, Democratic, Palestinian, Hamas, Thomson Locations: Miami , Florida, U.S, South Carolina, United States, Trump, New York, California, Ukraine, Israel, Washington, San Francisco

☆ Tim Scott drops out of GOP primary race after girlfriend reveal
▼ + stars: | 2023-11-13 | by ( Katherine Tangalakis-Lippert | Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Despite ample financial resources, his platform didn't resonate among GOP voters. Details of Scott's relationship with Noce surfaced after he faced criticism over being unmarried — with some insinuating he is gay. AdvertisementAdvertisement"It's like a different form of discrimination or bias," the 2024 GOP presidential candidate told The Washington Post . Scott's campaign began with $22 million before his announcement and received substantial backing from Larry Ellison, the cofounder of Oracle Corporation. AdvertisementAdvertisementA spokesperson for Scott's campaign did not immediately respond to a request for comment from Insider.

Persons: Tim Scott, —, Scott, Trey Gowdy, Mindy Noce, Axios, Larry Ellison Organizations: Service, GOP, Republican, Fox News, Washington Post, South, Oracle Corporation, senator's, Opportunity Matters Locations: South Carolina, America, Iowa

☆ Tim Scott drops out of race mere hours after girlfriend reveal
▼ + stars: | 2023-11-13 | by ( Katherine Tangalakis-Lippert | Lloyd Lee | ) www.businessinsider.com time to read: +3 min

I am suspending my campaign," Scott said during an interview on Fox News' "Sunday Night in America with Trey Gowdy." Details of Scott's relationship with Noce surfaced after he faced criticism over being unmarried — with some insinuating he is gay. AdvertisementAdvertisement"It's like a different form of discrimination or bias," the 2024 GOP presidential candidate told The Washington Post . Scott's campaign began with $22 million before his announcement and received substantial backing from Larry Ellison, the cofounder of Oracle Corporation. AdvertisementAdvertisementA spokesperson for Scott's campaign did not immediately respond to a request for comment from Insider.

☆ Tim Scott's girlfriend reveal was the sole highlight of the 3rd GOP debate
▼ + stars: | 2023-11-09 | by ( Taylor Berman | ) www.businessinsider.com time to read: +2 min

GOP presidential candidate and lifelong bachelor Tim Scott earlier this year said he had a girlfriend. But after the GOP debate Tuesday, he brought her onstage, to the delight of political reporters. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . 🚨Tim Scott is doing a girlfriend soft launch tonight pic.twitter.com/fm5EMhnWWQ — Natalie Allison (@natalie_allison) November 9, 2023Hard launch confirmed. "I can't imagine dragging her onto the campaign trail unless I have the intention of marrying her," Scott told the Post in September.

Persons: Tim Scott, —, Sen, Tim Scott —, Donald Trump, Scott, cott, — J ake L ahut, lanning Organizations: GOP, Service, ard Locations: ashington

☆ Winners and Losers From the Third Republican Debate - The New York Times
▼ + stars: | 2023-11-09 | by ( New York Times Opinion | ) www.nytimes.com time to read: +13 min

Welcome to Opinion’s commentary for the third Republican presidential debate, held in Miami on Wednesday night. The debate didn’t answer the question of whether she can really cut into DeSantis’s more conservative bloc of support. He deserves praise for his substantive, competent answers, but there’s not much of a market for that in the Republican primaries. In a debate dominated by a neoconservative revival, Ramaswamy — in both style and substance — was the only Trumpist on the stage. primary voters relished his attacks on the Republican National Committee and the debate moderators.

Persons: Jamelle, Nikki Haley, Haley, Gail Collins, Michelle Cottle, yapping, Ross Douthat I’m, Ramaswamy, David French Neoconservatism, Sarah Isgur, Sarah Longwell, DeSantis, Daniel McCarthy, Dick Cheney, —, Haley couldn’t, Ron DeSantis, Donald Trump, There’s, Ross Douthat, he’s, David French, He’s, Vivek Ramaswamy, Sarah Isgur DeSantis, Sarah Longwell DeSantis, Kim Reynolds, Jamelle Bouie Chris Christie, It’s, David French Christie, Trump, Christie isn’t, Sarah Isgur It’s, Christie —, Christie, there’s, Bouie, Tim Scott, Scott, I’ve, we’re, David French I’m, Reagan, platitudes, hasn’t, Sarah Longwell Tim Scott, Daniel McCarthy He’s, Ross, David French Ramaswamy, Ramaswamy —, cheekily Organizations: Trump Republican, Trump, Republican, Gov, Federal Reserve, White, Republican Party, MAGA, Republican National Committee, Nazi Locations: Miami, Iowa, New Hampshire, Ukraine, Iran, Israel, China, hawkish, Iraq, Afghanistan, Russia, Haley, Florida

☆ Two-thirds of North America could face power shortages this winter -NERC
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +3 min

In its 2023-24 winter outlook, the regulatory authority warned that prolonged, wide-area cold snaps threaten the reliability of bulk power generation and availability of fuel supplies for natural gas-fired generation. "Recent extreme cold weather events have shown that energy delivery disruptions can have devastating consequences for electric and gas consumers in impacted areas," NERC said. It put the U.S. Midwest, Northeast, Mid-Atlantic, and South, along with some Canadian provinces, at the highest risk for electricity supply shortages this winter. NERC also found that load forecasting in winter is growing in complexity, and underestimating demand is a risk to reliability in extreme cold temperatures. Flows of gas into pipelines were reduced during Elliott, while demand for the fuel for heating and power generation increased, dramatically lowering line pressures.

Persons: Greenlee Beal, NERC, John Moura, Storm Elliott, Elliott, Anjana Anil, Scott DiSavino, Leslie Adler, Marguerita Choy Organizations: PIKE Energy, REUTERS, North American Electric Reliability Corp, U.S ., PJM, Reliability Corp, Texas, Federal Energy Regulatory, Storm, Consolidated Edison, Thomson Locations: Texas, San Antonio , Texas, U.S, Canada, U.S . Midwest, Northeast, South, New England, MISO , New York, New York City, Bengaluru, New York

☆ US natgas prices drop 7% on record output, mild weather
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +3 min

Front-month gas futures for December delivery on the New York Mercantile Exchange fell 25.1 cents, or 7.1%, to settle at $3.264 per million British thermal units (mmBtu), their lowest close since Oct. 27. One bearish factor that has weighed on the futures market for most of this year has been lower spot or next-day prices at the Henry Hub benchmark in Louisiana. The spot market has traded below front-month futures for 176 out of 212 trading days so far this year, according to data from financial firm LSEG. That premium could encourage some speculators to leave gas in storage for longer in hopes of higher prices later in the winter. With seasonally colder weather coming, LSEG forecast U.S. gas demand in the Lower 48 states, including exports, would jump from 101.5 bcfd this week to 109.2 bcfd next week.

Persons: El, Gelber, LSEG, Scott DiSavino, Bernadette Baum, Josie Kao Organizations: El Nino, Associates, U.S . Energy Information Administration, New York Mercantile Exchange, Henry, Thomson Locations: Louisiana, contango, U.S

☆ Kourtney Kardashian and Travis Barker welcome baby boy
▼ + stars: | 2023-11-06 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +1 min

CNN —Kourtney Kardashian and Travis Barker’s family just grew a little bigger. A source with knowledge of the matter told CNN on Monday that the couple have welcomed a baby boy. Later that month, the couple shared they were expecting a boy. In September, Kardashian shared on her Instagram page that she underwent “urgent fetal surgery” to save the baby. Neither Kardashian nor Barker have yet to post about the birth on their social media pages.

Persons: CNN — Kourtney Kardashian, Travis Barker’s, Kardashian, Barker, “ Rocky Thirteen Barker, Toby Morse, Scott Disick, Landon, Alabama, Atiana, Shanna, ” Organizations: CNN

☆ Tyson recalls 30,000 pounds of Dino Chicken Nuggets
▼ + stars: | 2023-11-05 | by ( ) www.reuters.com time to read: +1 min

The logo of Tyson Foods is seen in Davos, Switzerland, May 22, 2022. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsNov 5 (Reuters) - U.S. food company Tyson Foods (TSN.N) has said it was voluntarily recalling approximately 30,000 pounds of frozen, fully cooked dinosaur-shaped chicken “Fun Nuggets” or Dino Chicken Nuggets. The company said the recall includes Tyson brand fully cooked “Fun Nuggets” sold to retailers in 29-ounce packages. The U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) said Tyson food is recalling around 30,000 pounds of fully cooked breaded chicken in a release on Saturday. It said it has received no additional reports of injury or illness from consumption of these products.

Persons: Arnd, Dino, Tyson, FSIS, Scott DiSavino, Aurora Ellis Organizations: Tyson Foods, REUTERS, U.S . Department of Agriculture’s, Inspection, Thomson Locations: Davos, Switzerland

The world's biggest offshore wind farm company on Tuesday said it would cease all development on the Ocean Wind projects even as it moves forward with developments off neighboring New York, triggering an angry response from New Jersey Governor Phil Murphy. "People did not anticipate (Orsted) backing out of Ocean Wind," said Timothy Fox, VP at research firm ClearView Energy Partners. Nipper told analysts that unlike Ocean Wind, Orsted is still pursuing Sunrise for several reasons, including the fact that the company has already lined up a vessel to build it. Under the most accelerated proposal, the New York State Energy Research & Development Authority said it could release the next offshore wind request for proposals in late November or early December. The Ocean Wind cancellation was the latest setback for the nascent U.S. offshore wind industry in recent months, which U.S. President Joe Biden and several states have counted on to fight global warming.

Persons: Phil Murphy, Timothy Fox, Mads Nipper, Nipper, Orsted, Joe Biden, Murphy, Scott DiSavino, Jarrett Renshaw, Nichola Groom, Bill Berkrot Organizations: ClearView Energy Partners, Sunrise, New York State Energy Research, Development Authority, Analysts, BP, U.S, Thomson Locations: New Jersey, New York, U.S, Massachusetts, Connecticut, Culver City , California

☆ The Kids of Rutherford County, Episode 3: ‘Would You Like to Sue the Government?’
▼ + stars: | 2023-11-02 | by ( ) www.nytimes.com time to read: +43 min

And it meant going back to the Rutherford County Juvenile Court, going back in front of Judge Davenport. meribah knightAnd more importantly —wes clark I was definitely thinking about how we could sue somebody for what happened. wes clark I just remember being giddy, like a kid, like this sentence, this is fucking bonkers, that this exists. And this is The Kids of Rutherford County, Episode 3: Would You Like to Sue the Government? Even more, Rutherford County would likely continue to jail kids at an extraordinary rate.

Persons: Wes Clark, Mark Downton, Judge Davenport, They’d, Clark, downton, —, Here’s Mark, Wes, Mark, wes clark, wes clark Oh, they’re hustling, It’s, we’ve, wes clark Yep, It’s jargony, I’m, I’ve, wes clark That’s, Davenport, wes clark There’s, there’s, ” I’m, Sue, Mark didn’t, Wesley, — he’d, There’s, Mark doesn’t, I’ll, who’d, Kyle Mothershead, Kyle’s, kyle mothershead, Bradley Cooper, meribah, Kyle, he’s, Let’s, “, Wes couldn’t, you’re, Rutherford, Lynn Duke, wasn’t, Duke, shouldn’t, Wes didn’t, Lynn Duke’s, Zeb, zeb smotherman, Smotherman, Grace, Thomas, thomas I didn’t, thomas, Brandon, brandon, brandon I, thomas I, yank, Quintarius Frazier, quintarius frazier I’m, Dylan, dylan I, You’re, they’d, — you’re, I’m Wesley, WGNS, bart, Donna Scott Davenport, donna scott davenport, Bart, Davenport wouldn’t, Rutherford County’s, Bart Walker III, ’, we’re, Judge Davenport’s, Rich Campbell, she’d, Here’s Wes, you’d, Waverly Crenshaw, that’s, wes clark Yes, Judge Crenshaw, who’ve Organizations: ACLU, Juvenile Court, The New York Times, Rutherford County’s Police, truancy, Civil, downton, Juvenile, WGNS, South Locations: Downton, Lake Louise, Rutherford, Hobgood, Tennessee, Rutherford County, Davenport, downton, waiving, Murfreesboro, WGNS, that’s, State, Nashville’s

☆ Douglas Elliman CEO on lawsuits, housing headwinds and debate over brokerage commissions
▼ + stars: | 2023-11-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDouglas Elliman CEO on lawsuits, housing headwinds and debate over brokerage commissionsDouglas Elliman CEO Scott Durkin and CNBC's Robert Frank join 'Power Lunch' to discuss the real estate market.

Persons: Douglas, Scott Durkin, Robert Frank

☆ How to jump jobs within your company, according to a career trends expert: It's a 'really smart' move for many
▼ + stars: | 2023-10-31 | by ( Annie Probert | ) www.cnbc.com time to read: +1 min

Workers seeking a new job cited salary as the leading reason for wanting to leave their current gig. "Limiting opportunities exist within several employers right now," Scott Dobroski, a career trends expert at Indeed, tells CNBC Make It. Whether it's due to uncertain economic times or because workers love career growth opportunities, Dobroski says he isn't surprised by this statistic. And it also shows that they believe there could be career opportunities within the company, either in or outside of their own team." While there's no "one-size-fits-all" approach, here are three tips from Dobroski on the right way to switch jobs within your employer.

Persons: Scott Dobroski, LendingTree, Dobroski Organizations: Workers, CNBC

A view of the turbines at Orsted's offshore wind farm near Nysted, Denmark, September 4, 2023. Orsted, the world's largest offshore wind developer, said in August it may see impairments of 16 billion Danish crowns ($2.3 billion) on its U.S. offshore developments due to supply chain problems, soaring interest rates and a lack of new tax credits. Norway's Equinor (EQNR.OL), BP's partner on those New York offshore wind developments, booked a $300 million impairment on the projects on Friday. In Massachusetts, two offshore wind developers, SouthCoast Wind and Commonwealth Wind, agreed to pay local utilities to terminate deals that would have delivered around 2,400 MW of energy. Avangrid also canceled a contract to sell power in Connecticut from its proposed 804-MW Park City offshore wind farm.

Persons: Tom Little, Denmark's, Joe Biden, Orsted, Jacob Pedersen, Portugal, France's, Avangrid, Scott DiSavino, Louise Breusch Rasmussen, Ron Bousso, Jonathan Oatis, Josie Kao Organizations: REUTERS, BP, U.S, Analysts, Reuters, Commonwealth, Shell, Energias, Thomson Locations: Nysted, Denmark, U.S, Danish, New York, Massachusetts, Connecticut, Rhode Island and Massachusetts, In Massachusetts, Commonwealth, Spanish, Copenhagen, London, Bengaluru

☆ There's a 'radically different' wage growth forecast in 2024, says economist. What that means for you
▼ + stars: | 2023-10-30 | by ( Jared Mitovich | ) www.cnbc.com time to read: +4 min

In June, employers surveyed by consulting firm WTW said they were planning to increase salaries by about 4% in 2024, compared to 4.6% in 2023. Wage growth has 'come down pretty steadily'Employees are entering a tighter job market, which has affected wage predictions, said Terrazas. "We should expect less turnover to continue to tamp down wage growth in coming months," according to the report. At the current rate, Indeed's tracker forecasts posted wage growth to reach the 2019 average of 3.1% in late 2023 or early 2024. Wage growth has "come down pretty steadily" since that pandemic high, Indeed economist Cory Stahle said.

Persons: Scott Dalton, WTW, Mercer, LaCinda Glover, —, Cory Stahle, they've, Julia Pollak, Terrazas, Pollak Organizations: Workers, Bloomberg, Getty, Mercer, Employees Locations: Columbus , Texas

☆ G.O.P. Candidates Call for Campus Crackdowns Against Anti-Israel Speech
▼ + stars: | 2023-10-25 | by ( Maggie Astor | More About Maggie Astor | ) www.nytimes.com time to read: +7 min

“If this was done by a foreign national, deport them,” Mr. Scott wrote on X, formerly known as Twitter, on Wednesday morning. We must stand up against this evil anti-Semitism everywhere we see it — especially on elite college campuses.”Gov. The suggestion of punishing anti-Israel views is part of a broader campaign against liberal-leaning campus environments, which many Republicans claim indoctrinate students. Mr. Trump made the same proposal at his own recent event in Iowa, also not providing details. And it’s not great now if companies refuse to hire kids who were part of student groups that once adopted the wrong view on Israel.”

Persons: Donald J, Ron DeSantis, Tim Scott of, ”, ” Mr, Scott, Doug Burgum, “, Mr, Burgum, Trump, DeSantis, Ray Rodrigues, Nikki Haley, ” Ms, Haley, Vivek Ramaswamy, couldn’t, it’s Organizations: Republican, Trump, Gov, George Washington University, West Bank —, ”, Civil, Harvard, New York University, State University System, for Justice, The State University System, Governors, Ministry, United Nations, “ Locations: Gaza, Israel, Florida, Tim Scott of South Carolina, Palestine, North Dakota, “, S.U.S, ’, Iowa, U.S

A logo of the Amazon fulfillment is seen outside the Amazon fulfillment center in Kent, Washington, U.S., October 24, 2018. Same-day delivery is now offered in at least 90 cities, free for Prime members while non-members pay $9.99. The retailer invested heavily in 2020 and 2021 in logistics to make same-day delivery, which it introduced in 2015, available in more places. Amazon packs its same-day delivery centers with its top 100,000 products. By comparison, analysts forecast Walmart will show a 1% decline in e-commerce revenue for the third quarter when it reports in November.

Persons: Lindsey Wasson, Arun Sundaram, Sarah Mathew, Mathew said, Mari Shor, Sundaram, Scott Devitt, Group's, Devitt, Arriana McLymore, Cynthia Osterman Organizations: REUTERS, Amazon, Reuters, Columbia Threadneedle, Walmart, Thomson Locations: Kent , Washington , U.S, Temu, New York

☆ The banking sector is moving forward despite interest rate pressures: Janney's Christopher Marinac
▼ + stars: | 2023-10-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe banking sector is moving forward despite interest rate pressures: Janney's Christopher MarinacChristopher Marinac, Janney Montgomery Scott director of research, joins 'The Exchange' to discuss high rates adding pressure to regional banks, increasing loan rates and scarcity of credit helping banks do business at higher yields, and upcoming regional bank earnings to look out for.

Persons: Janney's Christopher Marinac Christopher Marinac, Janney Montgomery Scott

☆ Instacart IPO banks tout e-grocery shopping potential, but challenges loom
▼ + stars: | 2023-10-16 | by ( Savyata Mishra | ) www.reuters.com time to read: +2 min

REUTERS/Cheney Orr/File Photo Acquire Licensing RightsOct 16 (Reuters) - Most Wall Street brokerages, including J.P.Morgan and Goldman Sachs, kicked off coverage on Instacart (CART.O) with a bullish view, betting on the grocery delivery app's growth amid a shift to online shopping. The stock — following a lukewarm debut in September — closed at $25.57 on Friday, below its $30 initial public offering (IPO) price. At least half of Instacart's 20 IPO underwriters have initiated coverage with their top ratings after the quiet period ended. Instacart's slow growth compared to rivals is a top concern, as a reduction in food stamp benefits and a shift back to in-store shopping could limit GTV growth, according to Piper Sandler analyst Alexander Potter. As of Friday, the six brokerages that were not involved in the IPO started coverage with an average rating of "hold", LSEG data showed.

Persons: Eric Cohn, Cheney Orr, Goldman Sachs, —, Baird, Colin Sebastian, Scott Devitt, Justin Post, Piper Sandler, Alexander Potter, Savyata Mishra, Shilpi Majumdar Organizations: Safeway, REUTERS, J.P.Morgan, underwriters, Walmart, Wedbush, BofA Global Research, Thomson Locations: Tucson , Arizona, U.S, Instacart, Bengaluru

☆ Only 13% of employees are comfortable sharing their salaries with co-workers—here's how to talk pay at work
▼ + stars: | 2023-10-12 | by ( Annie Probert | ) www.cnbc.com time to read: +1 min

But just 13% say they'd be willing to share their pay with co-workers, even if their co-workers would be the ones to benefit the most from salary transparency. Pay transparency has been gaining traction since 2020, and eight states and several cities now have laws that require employers to disclose salary ranges. Roughly 26.6% of the U.S. labor force lives in a state that requires employers to practice salary transparency, according to the National Women's Law Center. "It sounds prehistoric almost, because pay really influences how we live our lives." But discussing pay with co-workers can provide crucial information that employees can then use to negotiate salaries, especially when transparency is widespread throughout a company.

Persons: they'd, Scott Dobroski, Matt Schulz, LendingTree's, Schulz Organizations: National Women's Law

☆ US Home Heating Bills Seen Flat to Lower This Winter -EIA
▼ + stars: | 2023-10-11 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

EIA forecast the 46% of U.S. households that use natural gas as their main heating fuel will likely spend less on heating this winter than last year because gas prices will likely be lower. Combined, households that heat with gas and those that are in the West account for a total of 56% of all U.S. households, EIA said. Because average demand for heating fuels in the winter exceeds U.S. production, EIA said inventories were an important source of winter supply. The 60.1 million U.S. households burning gas as their primary heating fuel can expect to spend about $601 to heat their homes this winter, down about 21% from last winter, EIA projected. For a list of total heating costs by fuel, see:Fuel U.S. Household Heating U.S. Household Heating U.S.

Persons: Scott DiSavino, David Gregorio Organizations: Reuters, U.S . Energy Information Administration, EIA, Household, Wood, U.S Locations: U.S, West

☆ Why defense stocks may keep moving higher following initial gains on the Israel-Hamas war
▼ + stars: | 2023-10-10 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Wall Street analysts expect defense stocks will continue to move higher as a result of the outbreak of the Israel-Hamas war making it less likely Congress will delay or curb the nation's defense budget. Defense stocks have underperformed as a group this year amid concerns that partisan divisions in Washington point to lower military spending. Notably, Bernstein analyst Douglas Harned doesn't expect the Israel-Hamas conflict will change the path of U.S. defense spending. He cited prior conflicts, such as Russia's invasion of Ukraine last year, that didn't end up boosting the defense budget. LMT 5D mountain Lockheed Martin Regardless, Wall Street broadly anticipates defense stocks could continue rising from current levels.

Persons: Scott Deuschle, Deuschle, Jason Gursky, Bernstein, Douglas Harned doesn't, Harned, Martin, Northrop, Morgan Stanley, Lockheed Martin Organizations: Defense, U.S . Aerospace & Defense ETF, ITA, Wall Street, Defense Department, Pentagon, Deutsche, Citi, Deutsche Bank, Northrop Grumman, Lockheed, Israeli Defense Forces, L3Harris, Army Locations: Israel, Washington, U.S, Gaza, Ukraine, Congress, China, Russia, North Korea

☆ Head of Exxon's shale oil business faces sexual assault charge in Texas
▼ + stars: | 2023-10-08 | by ( Gary Mcwilliams | ) www.reuters.com time to read: +2 min

Exxon Mobil's Spring, Texas, campus where the bulk of the oil company's new trading will take place in Spring, Texas, U.S., April 21, 2017. David Scott, an Exxon senior vice president who oversees all its shale oil and gas production business, was arrested early Thursday morning at a La Quinta Inn & Suites hotel in Magnolia, Texas, the Montgomery Sheriff's Office said. Scott, 49, was arrested at the budget hotel near Exxon's Spring, Texas, headquarters where rooms cost about $120 a night. He become head of Exxon's Permian Basin operations in 2020 and was promoted to senior vice president earlier this year in charge of all its shale oil and gas. As a senior vice president, he would not necessarily be involved in merger talks, a person familiar with the matter said.

Persons: Ernest Scheyder, Exxon Mobil's, David Scott, Scott, Emily Mir, Gary McWilliams, Lisa Shumaker Organizations: Exxon, REUTERS, Rights, Natural Resources, Montgomery Sheriff's, Reuters, United Arab Emirates, Thomson Locations: , Texas, Spring , Texas, U.S, Texas, Magnolia , Texas, Montgomery, Exxon's Spring , Texas, Australia, Melbourne, Malaysia, Abu Dhabi

☆ New England states join to buy offshore wind power as US industry struggles
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +3 min

By joining forces, the states hope to counter the pain rippling across the nascent U.S. offshore wind industry, which is expected to play a key part in decarbonizing the power sector and revitalizing domestic manufacturing. The three states will seek multi-state offshore wind proposals for selection in 2024 for up to 6,000 megawatts (MW) of power. “One year ago, Avangrid was the first offshore wind developer in the United States to make public the unprecedented economic headwinds facing the industry," Avangrid said in a release. Avangrid has said it planned to rebid the Park City project in future offshore wind solicitations. Those Massachusetts power companies include units of Eversource Energy (ES.N), National Grid (NG.L) and Unitil (UTL.N).

Persons: Brian Snyder, Maura Healey, Avangrid, France's, Scott DiSavino, Aurora Ellis Organizations: REUTERS, American, Offshore WINDPOWER Conference, Eversource Energy, Grid, Shell, Thomson Locations: Rhode, U.S, New England, Massachusetts, Rhode Island and Connecticut, Connecticut, Boston, Park City, United States, Park

☆ What Kevin McCarthy's ousting as House Speaker means for markets
▼ + stars: | 2023-10-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

The ousting of Republican Kevin McCarthy as House Speaker may not have an immediate impact on Wall Street, but it raises the likelihood of a government shutdown in the fourth quarter — which could inject more volatility into an already rattled market. Now, Congress also grapples with deciding its next speaker to lead the House. "The immediate market impact of McCarthy's ouster is relatively limited as the government is funded through November 17," said BTIG's Isaac Boltansky. "The near-term concern is that the House's paralysis will further complicate the already complicated calculus surrounding the forthcoming funding fight." Impact on the defense sector The removal of McCarthy could have an impact on the defense sector.

Persons: Kevin McCarthy, Goldman Sachs, Jan Hatzius, Ray Dalio, Isaac Boltansky, McCarthy, Scott Deuschle, Lockheed Martin, Northrop Grumman, Deuschle, — CNBC's Michael Bloom Organizations: Deutsche Bank, Lockheed, General Dynamics, Huntington Ingalls Industries Locations: Ukraine

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