BUSINESS

Stocks Are Down Worldwide As New Fears Rise Over Covid-19 Spreading Again, New Delta Variant
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Stocks fell Monday in nearly every single stock exchange around the world as businesses and investors fear a pull back from consumers…
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Amazon Sued By CPSC To Force A Recall Of Hundreds Of Thousands Of Products
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The Consumer Product Safety Commission (CPSC), a federal agency of the U.S. government, filed a lawsuit against online retail giant…
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New Unemployment Claims Rise To 373,000
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The U.S. Department of Labor’s unemployment data last week shows new unemployment insurance claims rose to 373,000 and new job growth…
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Shell Plans To Sell Its Stake In Aera Joint Venture In California
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Shell has reportedly told ExxonMobil that it is planning to sell its 52% stake in the joint venture both oil majors are part of, Aera…
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Oil Rises To 6 Year High After OPEC+ Fail To Reach Production Deal
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Oil prices continue to rise, with West Texas Intermediate (WTI) up 57% in 2021, now at $76.38 a barrel.  This is the highest WTI has…
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European Markets Down, Asian Markets Sluggish And Other Business News
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The pan-European Stoxx 600 fell 0.3% in Monday morning trading as travel and leisure stocks took the hardest hit with new fears of Covid…
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El Salvador Adopts Bitcoin As Legal Tender
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El Salvador has become the first country to make Bitcoin legal tender after a majority of lawmakers approved the request from El…
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U.S. Oil Drillers Add 106 Rigs This Year, A Sign of An Improving Economy
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As oil comes near $70 barrel drillers have added 106 rigs this year with the majority in Texas.  The total number of oil and gas…
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AT&T Announces Merger Of WarnerMedia And Discovery
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Dallas based AT&T has announced a deal to merge WarnerMedia which includes popular media channels such as CNN and HBO with Discovery…
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Shell Makes Large Oil Deposit Discovery At Leopard Prospect In Gulf Of Mexico
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Oil Major Shell has discovered a large oil deposit in the Leopard area with over 600 feet of net oil throughout multiple levels.  The…
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