Author: Daniel snow

The BP logo is displayed outside a petrol station that also offers electric vehicle recharging, on Feb. 27, 2025, in Somerset, England.Anna Barclay | Getty Images News | Getty ImagesBP shares jumped Wednesday on a report that the oil major is in early-stage talks to be acquired by Shell. People familiar with the matter told The Wall Street Journal that talks between BP and Shell are active but a deal is far from certain. The talks are progressing slowly, one person told the Journal.BP shares were last up about 7%. The British oil major is currently valued at nearly $85…

New York mayoral candidate, State Rep. Zohran Mamdani (D-NY) speaks to supporters during an election night gathering at The Greats of Craft LIC on June 24, 2025 in the Long Island City neighborhood of the Queens borough in New York City. Michael M. Santiago | Getty ImagesShares of New York regional bank Flagstar slid 6% on Wednesday after the apparent victory of Zohran Mamdani in the New York City Democratic mayoral primary.Flagstar is the rebranded name of New York Community Bancorp, which came under pressure in 2024 in part due to its real estate exposure. Former Treasury Secretary Steven Mnuchin…

The once-reliable “Buffett premium” — the idea that investors would pay extra for Berkshire’s stock because of Warren Buffett’s genius — appears to be fading into history. Source link

President Donald Trump on Wednesday doubled down on his claim that U.S. bomb strikes completely destroyed Iran’s nuclear program, and he bristled at the attention being paid to an initial American intelligence report that suggests otherwise.”It’s been obliterated, totally obliterated,” Trump said of the Iranian nuclear site at Fordo during a press conference, before he departed a NATO summit in The Hague, Netherlands.A preliminary U.S. intelligence assessment, however, found that America’s airstrikes on three Iranian nuclear sites did not completely destroy those facilities.Rather, the U.S. bombings likely set Iran’s nuclear program back by a few months, not years, according to…

Sales of new homes plunged in May as buyers continued to stay away from the market, even as builders threw discounts and deals at them. Source link

A recent poll found that a majority of K-12 public school teachers have used AI for their work in the past year. Source link

The White House says its tax bill will boost growth by more than a percentage point annually. Source link

Any remaining excitement over Tesla’s robotaxi event could be enough to drown out potentially disappointing delivery numbers. Source link

Houses undergo construction in a neighborhood on April 17, 2025 in Austin, Texas. Brandon Bell | Getty ImagesSales of new single-family homes dropped 13.7% in May compared with April to 623,000 units on a seasonally-adjusted, annualized basis, according to the U.S. Census. That sales total was 6.3% lower than May 2024 and well below both the 6-month average of 671,000 and the one-year average of 676,000. It also lags the pre-pandemic average in 2019 of 685,000 units sold. Wall Street analysts were expecting May new home sales of 695,000, according to estimates from Dow Jones. This count is based on…

Ring security cameras are displayed on a shelf at a Target store on June 01, 2023 in Novato, California. Justin Sullivan | Getty ImagesAmazon’s Ring video doorbell division is rolling out AI-generated notifications alerting users to unusual or suspicious activity around their home, the company said Wednesday.The tool uses artificial intelligence to generate text summaries of motion activity captured by Ring doorbells and cameras, which are then displayed as a phone notification. The summaries describe only the main subject that triggered the alert and are “intentionally concise” so that users can quickly discern whether it’s urgent, Ring said.The feature is rolling…