Chevron to Buy Hess for Fifty Three Billion in Stock
Chevron to acquire Hess Corp for 53 billion dollars in stock valued at about 60 billion including debt. The deal adds Hess oil fields in Guyana and Bakken shale properties, with Hess shareholders to receive 1 0 2 5 0 Chevron shares per Hess share and approval from Hess shareholders pending.
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UAW Expands Strike To Stellantis Ram Plant
The United Auto Workers walkout expands to the Sterling Heights Michigan Stellantis Ram pickup plant as 6800 workers join the strike. The action comes days after talks with GM and Stellantis showed progress but Ford remained unreachable. The six week strike now spans seven plants and 38 parts warehouses, with about 41000 workers affected. Stellantis claims its latest offer improves wages and retirement contributions but the union seeks more. Analysts expect further strike expansions as the union presses for better terms.
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Stellantis
Sterling Heights
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Shawn Fain
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Wall Street mixed finish follows bond yield surge
Wall Street closed mixed as the S P 500 slipped 0.2 percent to 4217.04, the Dow fell 0.6 percent to 32936.41 and the Nasdaq rose 0.3 percent to 13018.33. Rising yields boosted tech and high growth stocks while concerns about rates and Gaza war pressure linger. Strong Nvidia and Microsoft gains helped limit losses amid a wave of earnings ahead from General Motors, Microsoft and Amazon.
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Wall Street
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Microsoft
Treasury
Seema Shah
Principal Asset Management
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Federal Reserve
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USS
Gaza Strip
Iran
Gaza
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Amazon
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ChrgePt 2.80 17 10.6 Ppg 2.60 2.1 23 123.69 1.03 1.6 Chevron
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