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The suspect in a mass shooting at a Walmart Supercenter in Chesapeake, Virginia, was a longtime employee described by a former co-worker as paranoid but not violent. In a statement Wednesday, Walmart identified the suspect as Andre Bing, an overnight team leader who had been with the company since 2010. Shaundrayia Reese, 27, said she worked at the Chesapeake Walmart from late 2014 to 2018, spending her four years working on the overnight stock team with Bing. Reese said after news of the shooting broke, she learned from other Walmart associates that Bing had made threats before. "This is a surprise to everyone who ever worked at Walmart or is currently at Walmart," she said.

☆ Shooting at Virginia Walmart Kills Six People
▼ + stars: | 2022-11-23 | by ( Thomas Derpinghaus | ) www.wsj.com time to read: 1 min

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Multiple people are dead in a shooting Tuesday night at a Walmart in Chesapeake, Virginia, a police official said. The number of people deceased or injured was not clear, but police believe the shooter is dead. Police believe the shooting happened inside the Walmart, Kosinski said. Law enforcement investigate a shooting at a Walmart in Chesapeake, Va., on Tuesday. Kosinski told reporters he did not know how the shooter died.

☆ Man Suspected of Killing Six at Virginia Walmart Was an Employee
▼ + stars: | 2022-11-23 | by ( Alyssa Lukpat | Sarah Nassauer | ) www.wsj.com time to read: 1 min

A Walmart employee armed with a pistol allegedly opened fire at a store in Chesapeake, Va., Tuesday night, killing six people and injuring at least six others, officials said. The employee carried out the shooting less than an hour before the store was set to close and then fatally shot himself, Chesapeake Police Chief Mark G. Solesky said at a news briefing Wednesday morning. The suspect was already dead when the police arrived, the city of Chesapeake said on Twitter Wednesday afternoon.

☆ Shooting in Chesapeake, Va., Leaves Multiple People Dead
▼ + stars: | 2022-11-23 | by ( Thomas Derpinghaus | ) www.wsj.com time to read: 1 min

Virginia police at the scene of a fatal shooting at a Walmart in Chesapeake, Va.Police in Chesapeake, Va., responded to a shooting at a Walmart on Tuesday that resulted in multiple fatalities. The city of Chesapeake, citing the local police department, said on Twitter that the shooter was dead.

☆ Multiple people were shot at a Walmart in Chesapeake, Virginia: police
▼ + stars: | 2022-11-23 | by ( Cheryl Teh | Isabella Zavarise | ) www.businessinsider.com time to read: +2 min

Multiple people were shot at a Walmart in Chesapeake, per local news outlet WAVY-TV. A police spokesperson told WAVY there were "multiple fatalities." Kosinski told members of the media that there were "multiple fatalities" in the incident and the suspected gunman is also deceased. Chesapeake city officials are asking people to not go near the Walmart while the investigation is ongoing. Representatives for Walmart and the Chesapeake Police Department did not immediately respond to Insider's requests for comment.

Law enforcement work the scene of a mass shooting at a Walmart, Wednesday, Nov. 23, 2022, in Chesapeake, Va. A Walmart night crew supervisor killed six people Tuesday night before taking his own life at the Walmart Supercenter in Chesapeake, Virginia, police said Wednesday. The gunman – identified as Andre Bing, 31, of Chesapeake – was a disgruntled employee, a senior law enforcement official told NBC News. The Chesapeake store will remain closed as authorities investigate the shooting. Other Walmart stores have been the scenes of deadly shootings.

☆ Factbox: Walmart shootings: Episodes of gun violence at retail chain
▼ + stars: | 2022-11-23 | by ( ) www.reuters.com time to read: +1 min

Nov 23 (Reuters) - Tuesday's massacre at a Virginia Walmart was the latest in a series of gun violence episodes at the retail giant's stores in recent years. Here is a partial list:Nov. 22, 2022: A Walmart employee killed six people and wounded several others before fatally shooting himself at a store in Chesapeake, Virginia, authorities said. U.S. President Joe Biden called it another horrific and senseless act of violence, adding: "We must take greater action." Aug. 3, 2019: A far-right gunman killed 23 people in a Walmart in El Paso, Texas, in what federal authorities said was a hate crime. July 30, 2019: Days before the El Paso massacre, a suspended Walmart employee killed two co-workers and wounded a police officer at a store in Southaven, Mississippi.

CNOOC has hired JPMorgan to advise it on a potential exit from its interests in U.S. shale gas assets, which could raise around $2 billion, the sources familiar with the matter said. The sources cautioned that a sale was not guaranteed, and CNOOC could still retain these interests if it did not receive suitable offers or political situations changed swiftly. In the Eagle Ford basin of south Texas, CNOOC's stake is in oil and gas assets owned by U.S. shale driller Chesapeake Energy Corp (CHK.O). While Chesapeake has itself put those assets up for sale, any decision there is not expected to impact CNOOC's plans, one of the sources said. Norway's Equinor (EQNR.OL) is said to be considering buying the stakes in a deal valued between 20 billion and 30 billion Norwegian crowns ($2-3 billion).

The gunman, identified as Andre Bing, 31, of Chesapeake, Virginia, said nothing as he began firing on workers gathered late on Tuesday ahead of their overnight shift, according to two employees who were in the break room. Another Walmart employee, Briana Tyler, told ABC's "Good Morning America": "I looked up and my manager just opened the door and he just opened fire." [1/6] FBI agents stand in the parking lot after a mass shooting at a Walmart in Chesapeake, Virginia, U.S. November 23, 2022. He told her that during the nightly meeting his manager was acting "strange" and "then started shooting," she told the news station. This was not the first mass shooting at a Walmart, which has thousands of stores across the country.

☆ Multiple people dead in Virginia Walmart shooting, including gunman
▼ + stars: | 2022-11-23 | by ( ) www.reuters.com time to read: +1 min

Nov 23 (Reuters) - A shooting at a Walmart in Chesapeake, Virginia on Tuesday night has resulted in multiple fatalities and injuries, and the shooter is dead, Chesapeake police public information officer Leo Kosinski said in a media briefing. At 10:12 pm, police responded to a report of a shooting inside a Walmart at Sam's Circle, Kosinski said, adding that "less than 10" people were dead, without disclosing the exact number. It's still unclear if the shooter died of self-inflicted injuries. "Chesapeake Police confirm an active shooter incident with fatalities at the Walmart on Sam's Circle. Reporting by Bharat Govind Gautam and Abinaya Vijayaraghavan in Bengaluru; editing by Miral Fahmy and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

☆ Dollar Tree cuts 2022 profit view again as inflation threatens margins
▼ + stars: | 2022-11-22 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

The increased footfall from discount-hunting shoppers helped the company lift its annual sales outlook and post a strong third quarter. An increase in prices at Dollar Tree banner stores to $1.25 from the traditional $1 supported margins during the period, but company executives said the lack of flexibility to adjust prices could lead to margin pressures in the short term. The price cuts, however, helped Family Dollar post its strongest quarterly same-store sales jump since 2020 and grow quarterly traffic for the first time in three years. Dollar Tree now expects annual per-share profit at the lower half of its previously estimated range of $7.10 to $7.40. The company raised its forecast for full-year net sales to between $28.14 billion and $28.28 billion, from $27.85 billion to $28.10 billion earlier.

☆ Factbox: Corporate America cuts thousands of jobs as recession looms
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +5 min

Job cuts announced by U.S.-based employers jumped 13% to 33,843 in October, the highest since February 2021, according to a report. However, Bloomberg on Sunday reported Twitter was reaching out to dozens of employees who lost their jobs, asking them to return. Coinbase Global (COIN.O):The cryptocurrency exchange said it planned to cut over 60 jobs, in its recruiting and institutional onboarding teams. read moreThe move marks a second round of jobs cuts at the company this year, and comes at a time when cryptocurrencies have been roiled by extreme volatility as investors dump risky assets. Walt Disney Co (DIS.N):The media giant is planning to freeze hiring and cut some jobs, according to a company memo seen by Reuters.

☆ Dominion Energy weighing sale of stake in Cove Point LNG Facility -Bloomberg
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +1 min

Nov 7 (Reuters) - Dominion Energy Inc (D.N) is considering selling its multi-billion-dollar stake in the Cove Point liquefied natural gas (LNG) facility in Maryland's Chesapeake Bay, Bloomberg News reported on Monday citing people with knowledge of the matter. Talks are at an early stage, and Dominion could still decide to hold onto the 50% stake, the people said. The Cove Point terminal is operated by Berkshire Hathaway Inc's (BRKa.N) Berkshire Hathaway Energy, which owns 25% of the facility. The rest is owned by units of Dominion Energy (50%) and Brookfield Asset Management Inc (BAMa.TO) (25%). Shares of Dominion Energy dropped on Monday as the company initiates a "top-to-bottom" review to weigh strategic business actions, as its shares have been underperforming over the past several years.

☆ Factbox: Corporate America leans on job cuts as recession fears mount
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +4 min

Nov 7 (Reuters) - Corporate America is cutting thousands of jobs to rein in costs amid tightening monetary policy and growing fears of a recession. Job cuts announced by U.S.-based employers jumped 13% to 33,843 in October, the highest since February 2021, a report said. Microsoft:Microsoft Corp (MSFT.O) laid off under 1,000 employees across several divisions this week, Axios reported, citing a source. However, Bloomberg on Sunday reported Twitter was reaching out to dozens of employees who lost their jobs, asking them to return. Chime:Online banking firm Chime has laid off 12% of its employees, or about 160 jobs, a spokesperson said.

☆ Factbox: Corporate America lays off thousands as recession worries mount
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +7 min

DoorDash Inc (DASH.N):The food delivery firm, which enjoyed a growth surge during the pandemic, said it was reducing its corporate headcount by about 1,250 employees. Twitter Inc:The social media company laid off half its workforce across teams ranging from communications and content curation to product and engineering following Elon Musk's $44 billion takeover. Chime Financial Inc:The online banking firm has laid off 12% of its employees, or about 160 jobs, a spokesperson said. Coinbase Global (COIN.O):The cryptocurrency exchange said it planned to cut over 60 jobs, in its recruiting and institutional onboarding teams. CNN:Warner Bros Discovery-owned (WBD.O) CNN's top boss Chris Licht informed employees in an all-staff memo that job cuts were underway.

☆ The Fed could lay the groundwork for a year end rally in the week ahead
▼ + stars: | 2022-10-28 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

The coming week is also the busiest of the corporate earnings season, with about a third of the S & P 500 companies releasing results. "Historically, the market waits for the last Fed rate hike to be introduced and then the market climbs higher. The S & P 500 was up more than 8.8% for the month. The Dow was up 5.7% on the week, the S & P 500 was up 5.7% and the Nasdaq was up 2.2%. The 50-day moving average is 3,841 for the S & P 500, and it was well above it Friday afternoon for the second time in the past week.

☆ Ex-Capitol Police officer charged with obstruction tells jury he is 'embarrassed' over Facebook chat with Jan. 6 rioter
▼ + stars: | 2022-10-24 | by ( Ryan J. Reilly | Ryan J. Reilly Is A Justice Reporter For Nbc News. | ) www.nbcnews.com time to read: +4 min

Riley testified that he regrets reaching out to Hiles “every day” and that this has been “the worst year" of his life. Riley was charged in October 2021, and resigned from the department that month, although the details of his departure and current status have been concealed from jurors. Riley, who fishes in his free time, befriended Hiles, a boat captain with a social media following, shortly before the Capitol attack. “I was mad at myself and I was mad at Jake,” Riley testified. Assistant U.S. Attorney Anne P. McNamara asked Riley if he had wanted Hiles charged.

☆ Chesapeake Energy trims workforce ahead of oil properties sale
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +2 min

Companies Chesapeake Energy Corp FollowOct 24 (Reuters) - U.S. shale gas producer Chesapeake Energy Corp (CHK.O) last week cut about 3% of its workforce, according people familiar with the matter, as it readies a sale of South Texas oil properties. The company this year said it would exit oil-producing properties in the Eagle Ford shale region of Texas to focus on its mainstay natural gas operations. A Chesapeake Energy spokesperson declined to comment. Oil prices fell the following year, a drop that helped send Chesapeake into restructuring. It emerged from Chapter 11 bankruptcy last year as natural gas prices began to rise.

☆ BofA says 'higher-for-longer' oil will boost stocks beyond energy — here are some of its picks
▼ + stars: | 2022-10-19 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

"The cut to oil production comes at a time when global inventories are already low and U.S. reserves are at levels not seen since the 1980s, pushing oil prices higher-for-longer," the bank's analysts wrote in an Oct. 17 note. They estimated that this could send oil prices to an average of $100 per barrel next year – 20% above consensus. Oil prices have been volatile this year, rallying following the Russia-Ukraine war before sliding on recession worries. But BofA is bullish on the sector, predicting that oil and gas stocks are set to benefit. "Sectors exposed to higher energy prices and the secondary implications are Oil & Gas, LNG, Utilities, Alt.

And demand for the greener fuel has dried up, according to Reuters interviews with nine LNG market analysts, industry officials and traders. Several gas drillers, including in the world’s top gas producer the United States, told Reuters they have invested in finding and plugging greenhouse gas emissions associated with production, transport and processing. Since Russia's Feb. 24 invasion of Ukraine, gas prices have soared about 25% in the United States and 32% in Europe . To export gas, the fuel must be supercooled into LNG and then shipped across the sea, a process that produces substantial additional greenhouse gas emissions. Other U.S. LNG suppliers, like Cove Point LNG and Cameron LNG, also told Reuters they are not certifying their cargoes.

☆ Coolio, ‘Gangsta’s Paradise’ rapper, dead at 59
▼ + stars: | 2022-09-28 | by ( Sandra Gonzalez | ) edition.cnn.com time to read: +4 min

CNN —Coolio, the ’90s rapper who lit up the music charts with hits like “Gangsta’s Paradise” and “Fantastic Voyage,” has died, his friend and manager Jarez Posey, told CNN. When they arrived, they found an unresponsive male and performed “resuscitation efforts for approximately 45 minutes.”The patient “was determined dead just before 5:00 p.m.,” Scott said. Coolio was a friend and one of the warmest, funniest people I’ve ever met. Arguably his biggest song, “Gangsta’s Paradise,” from the soundtrack to the film “Dangerous Minds,” grew his star power to gigantic proportions. “I didn’t use any trendy words…I think it made it timeless.”Over his career, Coolio sold more than 17 million records, according to his website.

☆ These stable value stocks are holding up this year and pay solid dividends
▼ + stars: | 2022-09-25 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

After a vicious week for stocks CNBC Pro found some stable value names that pay healthy dividends to help traders bolster their portfolios. With this in mind, CNBC Pro screened the Russell 1000 value index for stocks that could help investors find income and gain some stability. The stock also has a low three-year beta of 0.7. What's more, the company pays a 3.4% dividend yield, offering investors some income as well as stability. It has a low three-year beta of 0.7.

☆ Goldman says this is the way to play the energy stock trade from here after a 40% gain this year
▼ + stars: | 2022-09-21 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

While the S & P 500 is down almost 19% for the year, the energy sector has thrived by comparison, having posted a roughly 40% gain in 2022. The firm said it expects Chesapeake to generate 15% free cash flow yield in 2023 and 10% the following year. Further, Weatherford has introduced initiatives to close its margin gap with peers and improve its free cash flow conversion, Goldman says. For oil and global exploration and production, Goldman looked at stocks trading at a discount to their net asset value. That includes Magnolia Oil & Gas , which the firm says is well positioned to generate double-digit free cash flow yield and dividend growth.

☆ These are the assets investors are turning to for protection in the market's latest rout
▼ + stars: | 2022-09-18 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +6 min

This year's market volatility has left investors few places to hide, weighing on stocks and bonds. For those who adhere to a traditional portfolio structure of 60% stocks and 40% bonds, the year has been painful. Treasury bonds Even though bonds haven't performed well year to date, there is still reason to buy Treasurys going forward. First, short-term U.S. Treasury bonds can be used to offset interest rate risk in one's portfolio. Snapping up those longer-dated Treasury bonds may be a good idea to lock in rates while they're relatively cheap, according to Jones.

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