July
Shale Profits Finally Blossoming After Decade of Steep Losses
(Bloomberg) -- US shale drillers are expected to post record second-quarter profits in coming days, reversing nearly a decade of debt-fueled losses.
Revenge of Old World Economy as Big Oil’s Cash Flow Rivals Tech
Exxon Mobil Corp.’s cash haul overtook that of Alphabet Inc. for the first time since 2018, proving the oil giant is back in the big league just a year after suffering one of the biggest activist shareholder upsets in corporate history.
Sunak Defends Change of Heart on Tax Cut in UK Leader Race
Rishi Sunak defended his surprise vow to scrap value added tax on domestic energy bills and denied being inconsistent on fiscal policy as he sought to burnish his economic credentials in the race to become the UK’s next prime minister.
