Business Times

Saudi Aramco, the world's most profitable oil company and a cornerstone of Saudi Arabia's economy, reported a 3.4% decline in its second-quarter profits, primarily due to lower crude volumes and softer refining margins. Despite this dip, the company maintained its substantial dividend payouts, announcing $31.1 billion in dividends for the quarter, a move that highlights its commitment to shareholder returns amid fluctuating market conditions.

Saudi Aramco Faces Profit Drop Amid Lower Crude Volumes, Yet Commits to Massive $31.1 Billion Dividend Payout

The Hill

DUBAI, United Arab Emirates (AP) — Saudi oil giant Aramco reported half-year profits Tuesday of $56.3 billion, down from the year before amid worries about a slowing global economy. Aramco, formally known as the Saudi Arabian Oil Co., said its overall revenue for the half-year was $220.7 billion, up...

Saudi Arabia’s Aramco reports lower half-year profits as economic worries dampen energy prices

CNBC's Deirdre Bosa joins 'Closing Bell Overtime' with Airbnb earnings.

Airbnb stock drops sharply on weak revenue outlook

Major U.S. oil producers, including ExxonMobil and Chevron, have reported record production levels from the Permian Basin and raised their full-year output guidance. Independent oil companies like EOG Resources, Coterra Energy, and Matador Resources have also increased production forecasts due to improved drilling efficiency and strong well performance. The surge...

U.S. Shale Production Could Surprise to the Upside

Nebraska State

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National Weather Force

Severe thunderstorms are expected across parts of North Dakota, South Dakota, and Nebraska from the late afternoon into the evening with a few cells lingering into the overnight hours. Storms will be capable of producing mainly damaging winds, large hail, and perhaps an isolated tornado. Check below for further details on the outlook.

Damaging Winds Excess of 75mph, Large Hail & Isolated Tornado; Northern Plains; Evening of July 29th

Louisiana State

(Reuters) — U.S. liquefied natural gas developer Freeport LNG expects to increase production beyond its 15.3 million metric ton per annum (MTPA) capacity as it wraps up an expansion project. Freeport LNG operates the second-largest U.S. processing plant and its ups and downs have led to gas-price swings in...

Freeport LNG Nears Expansion Completion, Set to Boost Output

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

FXDailyReport.com

Gold futures cratered toward the end of the trading week as traders combed through the latest gross domestic product (GDP) report. The yellow metal is slumping even as the US dollar weakens and the US treasury market swims in an ocean of red ink. Market watchers say profit-taking could be the only explanation.

Gold Crashes After US Q2 GDP Tops Forecasts

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News Update – Market Close

Devra Lee

Disclaimer: This content was written by Devra Lee for general informational and entertainment purposes only. This service is to provide astrological information that has been researched, recorded, and observed by the author.

Horoscope for Tuesday, August 6th

The Motley Fool

These stocks don't appeal only to dividend seekers.

2 Dividend Stocks to Buy and Hold Forever

Enbridge pays a rock-solid dividend currently yielding 7%. The company has visible growth coming down the pipeline. It offers a low-risk opportunity to earn low-double-digit annualized total returns. Enbridge has everything it needs to continue supplying investors with a steadily rising income stream. Enbridge (ENB 0.96%) is North America's largest...

This 7%-Yielding Dividend Stock Should Be Your First Choice for Income and Upside

Philippines gymnast Carlos E. Yulo didn't just win a gold medal at this summer's Olympic Games, he's also won a fully furnished two-bedroom apartment. The 24-year-old gymnast made history as the first male Olympic gold medalist in the history of the Philippines when he won the top prize for his floor exercise on August 3. The following day, he earned a second gold medal for his vault routine. He is only the second athlete from the Philippines to win the top prize. Hidilyn Diaz won the country's first-ever gold medal at the Tokyo 2020 Olympic Games in 2021 for weightlifting.

24-year-old gold medal gymnast from the Philippines to be awarded a condo valued at $414,046, cash prizes and more

Stephen Volkmann, Machinery and Industrials analyst, joins 'Power Lunch' to discuss Caterpillar second quarter earnings after the industrial giant beat EPS for the six-consecutive quarters despite the decline in its construction and mining sales.

Caterpillar's energy and transportation business worked well, says Stephen Volkman on earnings

Valrico, FL

Akeena

Hey there, Floridians! If you're a fan of fresh produce and a farmer's market vibe, you might have some mixed feelings about the news from Valrico. The Fresh Market, known for its focus on organic options and quality meats and cheeses, is set to close its doors in the Lithia Crossings shopping center.

Grocery chain known for Organic options and quality meats is set to close its doors in Florida

Five countries have now issued travel and safety warnings to their citizens as riots and street disorder continue in the U.K. The United Arab Emirates, Nigeria, Malaysia, Indonesia and Australia have since all warned their citizens living in or visiting the U.K. that parts of the country present "safety risks" at the current time.

As riots and disorder spread, some countries warn their citizens about traveling to the UK

The job cuts, from a workforce of about 58,600 worldwide, are part of a company-wide restructuring that was launched in May. The programme is aimed at "strengthening our competitiveness", said CEO Jochen Hanebeck in a statement, alongside the release of results for the third quarter of the group's financial year.

German chip maker Infineon to cut 1,400 jobs

Jessica Jackson was afraid of heights when she first started her job as a wind turbine service technician — now, she spends most of her days working 300 feet in the air. Jackson, 37, is a technician at Vestas, a wind turbine manufacturer, in Bee County, Texas, and earns $73,000 per year.

37-year-old mom earns $73,000 in one of the most in-demand jobs in the world—and it doesn't require a degree: 'I love what I do'

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

Enterprise Products Partners reported solid second-quarter results. With more growth coming down the pipeline, it should have plenty of fuel to continue increasing its high-yielding payout. Enterprise Products Partners is a rock-solid dividend stock. Enterprise Products Partners (EPD -1.04%) offers investors a lucrative passive income stream. The master limited partnership's...

This 7%-Yielding Dividend Stock Continues to Grow Stronger

NewsBreak

Oil giant Saudi Aramco's second-quarter profit dips 3% on lower crude production volumes

Net income from the first half of the financial year was $56.3 billion, down from $62 billion during the same period last year. Aramco reaffirmed its...

Oil giant Saudi Aramco's second-quarter profit dips 3% on lower crude production volumes

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