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The Gazette in Medina, Ohio

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

The Gazette

Location

Medina, Ohio, United States of America

Date

Aug 03, 2022

Page

7

BP profits jump as oil prices stay high in Q2

BP reported net income of 9.26 billion dollars for the April to June quarter, nearly tripling from 3.12 billion a year earlier, amid elevated crude and gas prices. The company foresees continued高 prices, plans 3.5 billion share buyback, dividend growth, and more renewable investments while facing UK windfall taxes and regulatory pressure.

London Russia Ukraine Shell Irving Exxon Mobil San Ramon Chevron Nick Butler Kings College London Butler BBC Cornwall Insights United Kingdom North Sea Labour Party Rachel Reeves Party Treasury Labour Moscow London Stock Exchange Scotland Bernard Looney Doug Parr Greenpeace UK U.K

Stocks Fall as Yields Rise on Wall Street Pause

US stocks declined with the S&P 500 down 0.7 percent to 4091.19 and the Dow off 1.2 percent to 32396.17 led by Caterpillar as Treasury yields climbed amid signals of more Fed rate hikes. Inflation worries persist alongside data showing slower job openings in June and questions about the economy's resilience.

New York Uss Wall Street Dow Jones Treasury U.S Taiwan Federal Reserve S&p Fed Uber Bofa Global Research Savita Subramanian Caterpillar

Job openings slide to 10.7 million in June

Washington employers posted fewer job openings in June amid inflation and higher rates. The Labor Department’s Job Openings and Labor Turnover Survey shows openings falling from 11.3 million in May to 10.7 million in June, with quits at 4.2 million and layoffs at 1.3 million. The economy remains resilient, but demand for labor stays high and hiring challenges persist.

Washington Labor Department

Taiwan Defense Bill Advances Amid Pelosi Taiwan Visit

Senators weigh the Taiwan Policy Act to bolster Taiwan's defense with about 4.5 billion in security aid over four years and grant major non NATO ally status. Pelosi's unannounced Taiwan trip drew crowds outside Grand Hyatt Taipei as China LoC overflights heighten regional tensions. The White House vows no crisis while boosting Indo Pacific military movements and U.S. reassurance to allies.

Taiwan China Senate Foreign Relations Committee U.S Pelosi Grand Hyatt Hotel Taipei Dis Taipei 101 Taiwan Strait White House United States John Kirby National Security Council Indo-Pacific Ronald Reagan Philippine Sea Reagan USS Antietam Higgins Singapore Japan Defense Ministry Beijing Newt Gingrich Indonesia South China Sea Tiananmen Square Hu Jintao Democracy

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