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Chevron executives have canceled planned travel to the ADIPEC energy conference in the UAE due to security concerns.
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Offshore drilling contractor ADES has secured a one-year contract extension for the 'Shelf Drilling Tenacious' jackup rig, which operates for Chevron subsidiary Cabinda Gulf Oil Company (CABGOC) in Angola.
The VistaShares Target 15 Berkshire Select Income ETF (OMAH) offers a 15% distribution yield by using a covered-call options strategy on Berkshire Hathaway holdings. While it provides high monthly income, investors must accept capped upside potential in exchange for the yield, making it suitable only for income-focused investors willing to forgo full share price appreciation.
Marvell is reportedly in advanced talks to acquire Lumentum to control AI optics supply, a critical bottleneck in AI infrastructure. Alphabet slumped 10% despite strong cloud growth due to massive capital expenditures and negative free cash flow. Several earnings reports showed mixed results: Fortinet fell 25% on weak guidance, ServiceNow dropped 19% due to AI deployment costs, while Microsoft, Sterling Infrastructure, and Chipotle posted gains. DoorDash may acquire Instacart to compete in grocery delivery dominated by Instacart's 68% market share.