BP joins Exxon in saying weak refining margins will hit second-quarter profits
The British oil major said it expects to take a $500 million to $700 million hit from weak refining margins in the second quarter of 2024 Source link...
MARKET
Tennis star Caroline Wozniacki and David Lee just sold this Miami Beach island penthouse for a whopping $37 million
The building is on an elite island, accessible only to residents, which once included the likes of Oprah Winfrey. Source link...
Money is the ‘tip of the iceberg’ in assessing big donors’ political influence, study finds
Money isn’t everything when it comes to the top political donors, according to a recent working paper circulated by the National Bureau of Economic Research and co-authored by researchers from Cornell University and Sapienza University of Rome. Source link...
‘History has been made.’ Why promises by Trump, GOP platform to defend crypto are a big deal for the industry.
In a move that could significantly impact the future of digital assets, the Republican Party has included language in its 2024 platform promising to defend cryptocurrency. Source link...
Passive investing’s rise hasn’t ruined the stock market, says Jeremy Grantham’s GMO
The rise in passive investing marks one of the stock market’s “most profound changes” ever, but its popularity hasn’t ruined the market, according to analysis from Jeremy Grantham’s GMO. Source link...
Raw rolling-papers founder Josh Kesselman’s quest: An IPO that doesn’t kill the company’s vibe
Inventive entrepreneur figuring out how to sell shares of Raw to its avid customer base without diluting its brand. Source link...
Koss’s stock pares gains after spike amid rumors of interest from Roaring Kitty
Koss shares ended Monday’s session down 21.4%, snapping a two-day winning streak Source link...
AMC stock climbs as ‘Despicable Me 4’ boosts movie-theater chain on busy July 4 weekend
Shares of AMC Entertainment Holdings Inc. ended Monday’s session up 8.3%, lifted by a busy July 4 weekend for the movie-theater chain. Source link...
Sorry, but retiring ‘comfortably’ on $100K is a myth for most people. Here’s why.
There are a lot of ifs involved in just being “okay” at that savings level too. Source link...
Are 70% discounts on office buildings enough? Billionaire investor Howard Marks isn’t sure.
The legendary Oaktree Capital investor sees a reckoning ahead for commercial real estate and highly leveraged companies. Source link...
