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Trump Blasts Big Oil Companies for ‘Making Too Much Money’
The Wall Street Journal16d agoneutral
Trump Blasts Big Oil Companies for ‘Making Too Much Money’

WASHINGTON—President Trump said Chevron and ExxonMobil are “making too much money” and should return some of their profits back to the public. “When you look at one company where they made 12 times what they made the year before, they ought to give some of that back to the public,” Trump told reporters in the Oval Office on Monday. “And they better cut the retail price, the consumer price.”

A ‘Magnificent’ Monday
The Wall Street Journal16d agoneutral
A ‘Magnificent’ Monday

Here's a look at the Magnificent Seven tech stocks, which are on quite a roll. The megacap stocks have added about $800 billion in market cap today alone, adding to about $1.1 trillion over the past two trading sessions, according to Dow Jones Market Data.

Trump Says Exxon, Chevron Are 'Making Too Much Money'
Bloomberg16d agoneutralVIDEO
Trump Says Exxon, Chevron Are 'Making Too Much Money'

"They're going to give some of that back to the public, and they better cut the retail price," President Donald Trump says when asked about the profits of ExxonMobil and Chevron during remarks with reporters at the White House.

Corgi On Pace to Launch 500 ETFs In First Year
Bloomberg16d agoneutralVIDEO
Corgi On Pace to Launch 500 ETFs In First Year

Bloomberg's Isabelle Lee joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." Corgi is on pace to launch roughly 500 ETFs within its first year, more than BlackRock accumulated over many years. It already ranks among the largest US issuers by product count and says its eventual goal is 1,000 funds spanning leveraged stocks, buffered strategies, semiconductors and narrowly targeted themes.

FAA certifies Boeing's new 737 Max 7 jetliner for flight after years of delays
Associated Press16d agoneutral
FAA certifies Boeing's new 737 Max 7 jetliner for flight after years of delays

The Federal Aviation Administration on Monday approved the smallest model of Boeing's Max jetliners for commercial service nearly a decade after the aircraft manufacturer first unveiled the plane. Certification of the Boeing 737 Max 7 represents a milestone in the company's work to overcome years of safety, quality and production challenges. The long-delayed Max 7 is part of Boeing’s 737 family of commercial jets, which is the company's bestseller and has been at the center of its troubles.

Bloomberg16d agoneutral
Trump Hits Exxon, Chevron for Profits Amid Iran War He Launched

(Bloomberg) -- President Donald Trump scolded ExxonMobil Holdings Corp. and Chevron Corp. for their soaring profits, as oil prices surged amid the war in Iran he launched in February alongside Israel. Most Read from BloombergTrump Says US to Hold Off Iran Attack If Deal AgreedAlibaba Adds to China AI Breakthroughs With New Qwen Model Beer Dynasty Families Sell €731 Million Stake in AB InBevIran Says Hormuz Talks Ongoing After Trump Calls Off StrikesStocks, Bonds Rise as US-Iran Hopes Spur Oil Dr

Major crypto exchange eyes IPO amid market slump
TheStreet16d agobearish
Major crypto exchange eyes IPO amid market slump

The Bithumb crypto exchange is preparing for a 2028 initial public offering (IPO) after reorganizing its business and setting out a two-year program to strengthen accounting, compliance and risk controls. South Korea’s largest cryptocurrency exchange said it expects to complete internal-control ...

92-year-old freight company turns rival bankruptcy into profit
TheStreet16d agobearish
92-year-old freight company turns rival bankruptcy into profit

In business, losing a bidding war is usually bad news. Old Dominion Freight Line (ODFL) lost one in 2023, and that defeat quietly became one of the smartest financial decisions in the company’s history. The rival on the other side of that story was Yellow Corp, a nearly 100-year-old carrier that ...

Bloomberg16d agobullish
Boeing Wins Certification for Long-Delayed 737 Max 7 Jet

(Bloomberg) -- Boeing Co. received sign off for the 737 Max 7 from the Federal Aviation Administration, ending a drawn-out certification process that was upended by two fatal crashes and quality lapses at the US planemaker. Most Read from BloombergTrump Says US to Hold Off Iran Attack If Deal AgreedAlibaba Adds to China AI Breakthroughs With New Qwen Model Stocks, Bonds Rise as US-Iran Hopes Spur Oil Drop: Markets WrapBeer Dynasty Families Sell €731 Million Stake in AB InBevIran Says Hormuz Talk

Morgan Stanley downgrades Circle, slashes price target by 64%
TheStreet16d agobearish
Morgan Stanley downgrades Circle, slashes price target by 64%

Morgan Stanley downgraded stablecoin issuer Circle (NYSE: CRCL) to Underweight on Aug. 3 and cut its price target by nearly 64% to $38 from $106, delivering Wall Street's most bearish call on the stock just two days before the company reports second-quarter earnings. The investment bank cited ...

Boeing’s Smallest 737 MAX Wins FAA Certification
The Wall Street Journal16d agobullish
Boeing’s Smallest 737 MAX Wins FAA Certification

Boeing’s 737 MAX 7, the smallest jet in the plane maker’s narrow-body family, has at long last won certification from federal air-safety regulators. The plane had originally been expected to enter service in 2019, but two fatal crashes of a larger version of the jet, and other Boeing safety and quality problems, got in the way. Boeing shares gained 6.1% in midday trading.