South Africa May Burn Heavy Fuel Oil to Ease Record Blackouts
South Africa’s plan to alleviate blackouts by securing 2,000 megawatts of power from plants mounted on ships may include generating electricity by burning heavy fuel oil.
Bloomberg Business
Exxon Bets New Ways to Frack Can Double Oil Pumped From Shale Wells
Exxon Mobil Corp. is betting that a better way to frack will double the amount of oil it can pump from shale fields.
Pet Retailer Chewy Soars as Recurring-Purchase Program Drives Sales
Chewy Inc. stock surged the most in almost four years after the pet-products retailer beat sales expectations. It got a boost from a recurring-purchase program.
Little-Known Lung Infection Grabs Limelight From Covid, RSV
A little-known respiratory virus is grabbing the limelight from Covid-19 and RSV after cases surged earlier this year, spurring companies to prepare their vaccines for a waiting market.
Macron’s Debt Cut Plans Look Ambitious Amid Downgrade Threat
Emmanuel Macron’s economic transformation of France is starting to show cracks as the country’s massive debt burden casts a shadow over his plans.
Bitcoin Miners Are Churning Out More Computing Power Than Ever
Bitcoin miners are producing more computing power than ever with powerful specialized computers.
Macy’s Falls After Cutting Outlook as Demand Trends Worsen
Macy’s Inc. said earnings will be weaker than previously expected for the full-year, underscoring the uncertainty around US consumer spending through the remainder of 2023.
MLB Boss Says Gambling Spat Caused Broadcaster Bankruptcy
The executive chairman of Sinclair Broadcast Group Inc. threatened to push the company’s sports broadcasting unit into bankruptcy unless Major League Baseball officials approved new digital rights, including some to allow gambling on games, MLB Commissioner Robert D. Manfred said in federal court.
AI Stock Rally Stalls as Nvidia Drops Back Below $1 Trillion
The rapid rally in tech stocks benefiting from artificial intelligence has stalled as a disappointing outlook from C3.ai Inc. sparked a selloff in AI-exposed stocks.
Abandoned Russian Superyacht to Be Auctioned After Sanctions Lifted
The US Treasury removed an abandoned $120 million Russian superyacht from its sanctions list, clearing the way for the vessel to be auctioned to the highest bidder.
