The company also attributed the decrease to a '$176 million unfavorable variance'. Cheniere Energy, Inc. posted net income of $880 million for the second quarter, a decrease of approximately $489 million year over year. Cheniere said in its most recent earnings release that the drop was primarily attributable to lower...

Cheniere Posts Lower Profit for Quarter on LNG Margins

Reuters

(Reuters) -Singapore Telecommunications' first-quarter earnings climbed, mainly buoyed by a net exceptional gain from diluting its stake in Indian telecom provider Bharti Airtel and the sale of some capital assets by associate Globe Telecom.

SingTel's profit rises on exceptional gain from stake reduction in India's Airtel

FTR’s Trucking Conditions Index for June stayed in positive territory, but weakened to 0.95 from May’s 2.24 reading. “Today’s market might feel as weak as it has been, but we continue to see a growing foundation for a recovery in financial conditions for trucking companies. Strengthening capacity utilization sets the stage for firmer freight rates starting late this year and accelerating somewhat in 2025. Although nothing approaching the likes of 2021 is on the horizon, carriers should be seeing considerably more favorable conditions by next spring,” says Avery Vise, FTR’s VP of trucking.

Trucking Conditions in June Weakened Amid Higher Financing Costs

DP World reported revenue growth of 3.3% to $9.335 billion for the first half of 2024, driven by strong performance in its Ports & Terminals division. The company, the world’s fifth-largest terminals operator, saw a 6.1% growth in like-for-like gross container volumes compared to last year, with notable strength in the Americas, Europe, Asia Pacific, and Jebel Ali.

DP World Reports Modest Revenue Growth Despite Challenges

The latest edition of Drewry’s Global Container Terminal Operators Annual Review and Forecast has highlighted significant changes in the composition of Global Terminal Operators (GTOs) despite the total number of GTOs remaining constant at 21 in 2023. New entrants Adani, AD Ports Group, and Hapag-Lloyd have reshaped rankings, while...

Drewry Analysis Reveals Significant Shifts in Terminal Operator Rankings

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Las Vegas, NV

Bellingham Metro News

LAS VEGAS, NEVADA - A magnitude 4.4 earthquake struck areas near Las Vegas on Tuesday night, according to the United States Geological Service (USGS). The quake, which occurred at 8:06 p.m., was centered approximately 45 minutes from Las Vegas, near Indian Springs.

Magnitude 4.4 Earthquake Shakes Areas Near Las Vegas

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NewsNinja

"They accidentally gave us 2 washers and a dryer when we only ordered 1 of each". Last month, Lowe’s experienced a glitch that lowered the price of its $2,300 Midea jumbo capacity refrigerator to just $169.

‘Lowe’s messed up’: Shopper says they got $2,300 fridge at Lowe’s for just $169

NEW YORK (Reuters) - Sharpie pen maker Newell Brands is moving some production of kitchen appliances out of China and has relocated manufacturing for its writing business to Tennessee as it faces "uncertainty" on tariffs ahead of the U.S. presidential election, Newell CEO Chris Peterson said in an interview with Reuters.

Sharpie-maker Newell moves more operations from China as tariffs loom

A report released by the Labor Department on Thursday unexpectedly showed a continued decline by first-time claims for U.S. unemployment benefits in the week ended August 10th. The Labor Department said initial jobless claims fell to 227,000, a decrease of 7,000 from the previous week's revised level of 234,000. Economists...

U.S. Weekly Jobless Claims Unexpectedly Extend Pullback

Florida State

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L. Cane

Astute Floridians may already know that 2023 was a very difficult year for the trucking industry and 2024 is proving to be difficult for trucking in Florida. Specifically, according to Costa Systems, in 2023, 80,000 trucking companies shut down operations. And in Florida in July of 2024, three trucking companies filed for bankruptcy and one laid off dozens.

FL Trucking Hit Hard - Three Trucking Companies File For Bankruptcy & Another Lays Off In July 2024

South Carolina State

The National Transportation Safety Board (NTSB) said on Tuesday that the sinking of the towing vessel Jacqueline A last year in the Atlantic Ocean was caused by a lack of watertight integrity. The Jacqueline A was en route from Virginia to a Louisiana shipyard for regulatory compliance when it began...

NTSB Report Reveals Watertight Integrity Issues Led to Sinking of Towing Vessel

Alaska State

Juneau, AK

Organization Provides Direct Support to Coast Guard Members Impacted by Hurricanes Beryl, Tropical Storm Debby and Other Natural Disasters. The Coast Guard Foundation, a non-profit organization committed to strengthening the Coast Guard community and service by supporting members and families, announced that its emergency disaster relief program is providing vital assistance to Coast Guard members and their families impacted by Hurricanes Beryl, Tropical Storm Debby, and glacial flooding in Juneau, Alaska. The 2024 Atlantic hurricane season has already proven to be one of the most challenging in recent memory. Hurricane Beryl, a powerful Category 1 storm, made landfall in Texas, bringing with it catastrophic winds, flooding and widespread destruction. Shortly after, Tropical Storm Debby followed, bringing damaging wind, heavy rains and flooding to multiple states on the East Coast, including Florida, Georgia, South Carolina and North Carolina. Then, just last week, a glacial dam burst releasing floodwaters that damaged more than 100 homes in Alaska.

Coast Guard Foundation Activates Emergency Disaster Relief Program

Pompano Beach, FL

Akeena

In a shocking revelation, Kings Mart, a grocery store in Pompano Beach, has been slapped with a series of severe health violations by the Florida Department of Agriculture. The inspection, carried out by Francis Odio, uncovered a disturbing range of problems that have led to the immediate closure of several sections of the store.

An inspection found bugs in the food and rodent poop on the shelves at a Florida grocery store

Macroeconomic headwinds are pressuring financial results at leading consumer goods companies. Shares of Kraft Heinz, Hershey, and Starbucks are all down 30% or more from their previous highs. These stocks currently pay yields ranging from 2.78% to 4.51% -- along with potential upside in the shares. These classic food brands...

3 Magnificent Dividend Stocks to Buy That Are Near 52-Week Lows

Colleton County, SC

Explore Beaufort SC

Some beachgoers were in for a surprise this week when a bizarre looking prehistoric fish washed ashore in Colleton County along Edisto Beach at Edisto Beach State Park. It turned out to be an atlantic sturgeon.

Rare Atlantic sturgeon washes ashore on South Carolina beach

Refinancing activity has seen a surge recently as borrowers respond to changing market conditions. According to a recent report from Fannie Mae, for the week ending Aug. 9, 2024, the dollar volume of refinance applications jumped by 32.8% compared with the previous week. When looking at the refinancing activity on a year-over-year-basis, the total dollar volume rose by 94.4%. The number of applications also increased by 58.2% year-over-year and by 22.8% week-over-week. Mark Palim, Fannie Mae's deputy chief economist, has been monitoring these trends.

Shifting Market Dynamics Spur Increase in Refinancing Activity

J. Souza

According to cruise industry reports, the world's largest cruise ship is sailing well above 100% capacity, thanks to more beds being filled on recent sailings. Royal Caribbean’s newest flagship, the Icon of the Seas, is proving to be an unprecedented success, with occupancy rates far exceeding expectations.

The Largest Cruise Ship in the World is Sailing at 132% Capacity: How This is Even Possible

The Lens

This year’s area of low oxygen in the Gulf of Mexico is larger than average, the National Oceanic and Atmospheric Administration (NOAA) announced on Thursday. The “dead zone” is approximately 6,705 square miles , as measured last week. Within NOAA’s 38 years of measuring the dead zone, this year’s assessment marks the 12th-largest area of low to no oxygen, which can kill fish and marine life.

Gulf ‘dead zone’ larger than average, larger than expected for 2024, scientists announce

The US animal fats and oils markets were largely unchanged on Wednesday August 14, with some participants staying on the sidelines awaiting clearer price signals and greater market certainty. Despite a relatively quiet trading day, sources said that bids for fats, oils and greases (FOG) were being pressured by declines...

US animal fats and oil prices steady; demand remains strong

NewsBreak

Hapag-Lloyd Raises Guidance Amid Stronger-Than-Expected Demand in Liner Shipping

Hapag-Lloyd, one of the world’s leading liner shipping companies, concluded the first half of 2024 with a Group EBITDA of $2 billion, compared to $3.7 billion...

Hapag-Lloyd Raises Guidance Amid Stronger-Than-Expected Demand in Liner Shipping

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