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Delta Says Travel Boom Drove Record Revenue
The surge in flying shows no signs of slowing, with demand continuing into autumn, CEO Ed Bastian says. Source link
Exxon Mobil Buys Pipeline Operator, Making Big Bet on Carbon
Exxon Mobil is buying pipeline operator Denbury for almost $5 billion, a big bet by the oil giant on the business of transporting and storing
PepsiCo Sales, Earnings Rise on Snacks Spending
PepsiCo reported strong growth in sales and profit as consumers continued to shrug off price increases and spend on Doritos, Cheetos and other snacks. Source
ChatGPT Under Investigation by FTC
The agency is investigating whether OpenAI’s chatbot has harmed individuals by publishing false information about them. Source link
Crypto Lender Celsius CEO Is Arrested, Sued by Regulators
Celsius Network founder Alex Mashinsky was arrested in New York early Thursday morning and charged with securities fraud. Source link
Disney's Iger Hints at Strategic Partner for ESPN
CEO Robert Iger said legacy TV networks, including ABC and FX, may not be core to Disney. Source link
Inflation's Fall From a Four-Decade High in Four Charts
Overall price increases eased sharply in the past 12 months, but not for all products. Source link
Insurers Are in the Hot Seat on Climate Change
Companies face rising risks and are under pressure from politicians. Source link
The Key Number to Watch in U.S. Bank Earnings
Listen to article (2 minutes) No major bank has collapsed since First Republic Bank at the beginning of May. But that doesn’t mean fears about
Saudi Arabia to Lose Top Spot in OPEC+
The kingdom is set to fall below Russia as the largest oil producer in the alliance as its production cuts begin to bite, tightening the