Author: Press Room

Chevron reported a record full-year profit of $36.5 billion, buoyed by high oil prices. Adjusted earnings for the year more than doubled from the $15.6 billion Chevron earned in 2021 and up 36% from its previous record profit set in 2011. The oil company’s fourth-quarter earnings came in at $7.9 billion, up 61% from a year earlier but less than the record quarterly income of $11.4 billion it reported for the second quarter. The fourth quarter earnings per share of $4.09 fell short of the forecast of $4.38 a share from analysts surveyed by Refinitiv. But revenue in the quarter…

Greetings from Park City, Utah, where I have just had the privilege of participating in the Sundance Film Festival. This is a place that has launched numerous documentaries that have focused on environmental and social issues, be that Al Gore’s An Inconvenient Truth (2006), The Cove (2009) or Sea of Shadows (2019). And this year’s roster contains more gems: check out To the End and Knock Down The House (which explores activism); the Hindi-language All That Breathes (about the horrors of pollution) and The Territory (about deforestation in Brazil).But amid all this focus on ESG, a lively debate has been…

The Memphis community was bracing for potential protests in response to the video release, with Memphis-Shelby County Schools canceling after-school activities Friday and Southwest Tennessee Community College moving to virtual classes Friday. Wells called for people to protest peacefully during a candlelight vigil in Memphis’ Tobey Park on Thursday night. “I don’t want us burning up our cities, tearing up the streets, because that’s not what my son stood for,” she said. There were protests in Memphis on Friday, but no reports of any violence.Three people were arrested in demonstrations in New York City after a police car was vandalized, police…

CNN  —  Just days into Kevin McCarthy’s tenure, Republican Rep. Don Bacon of Nebraska had an issue he needed the House speaker to address. Bacon told CNN he had the impression that two bills were being fast tracked for floor votes. Neither was on the calendar officially, but Bacon was worried. One of them was a hardline border bill authored by Republican Rep. Chip Roy of Texas that concerned some moderates because of the way it handled asylum claims. The other, the Fair Tax Act, moved to abolish the IRS and impose a hefty sales tax instead. Neither bill, Bacon…

SALEM, Ore. — Police in southern Oregon were searching Thursday for a man accused of torturing a woman he held captive, less than two years after he was convicted in Nevada of keeping another woman in captivity for weeks before the victim managed to escape.Grants Pass Police Chief Warren Hensman said in a telephone interview that he finds it “extremely troubling” that the felon is wanted in an attempted murder instead of still being behind bars for the Nevada crimes.Benjamin Obadiah Foster, 36, is now charged in Oregon with attempted murder, kidnapping and assault. Foster tried to kill the victim…

Chevron announced record earnings for 2022 but its fourth-quarter profits slipped from previous months in a sign that Big Oil’s cash surge is cooling after fossil fuel prices retreated from near all-time highs in the wake of Russia’s invasion of Ukraine.The US oil supermajor’s fourth-quarter profit of $6.4bn was down sharply from $11.2bn in the third quarter, well shy of Wall Street expectations of $8.2bn, according to estimates compiled by S&P Capital IQ.Chevron said lower global oil and gas prices were responsible for most of the decline in earnings, while it also took a $1.1bn writedown in its international production…

Senator Jacinta Nampijinpa Price has hit out at the Prime Minister’s response to the Alice Springs crisis, accusing him of not listening to Indigenous voices.Prime Minister Anthony Albanese touched down in the beleaguered Central Australian town on Tuesday to announce a spate of measures aimed at easing rising crime rates.Senator Price has slammed the response, which includes restrictions on takeaway alcohol purchase and the instalment of a Central Australian controller to evaluate appropriate action in the community.Stream your news live & on demand with Flash for $8/month and no lock in contracts. New to Flash? Try 1 month free. Offer…

CNN  —  Rents are climbing across the US, and those high costs are among the many compelling reasons to try to buy a home. But with mortgage rates double what they were a year ago – and home inventory at a historic low – both options can be a magnet for stress. For those in this predicament, consider these five appealing cities where buying is now more affordable than renting. Here’s what else you need to know to Get Up to Speed and On with Your Day. (You can get “5 Things You Need to Know Today” delivered to your…

January 27 is International Holocaust Remembrance Day, designated as such by the United Nations. Why this date?  On this date in history, Jan. 27, 1945, the infamous Nazi German slave labor and death camp, Auschwitz-Birkenau, was liberated by the Soviet army.The day recalls the killing of six million Jews as well as millions of other people by the Nazi regime and collaborators.REAGAN LIBRARY WILL HOST HOLOCAUST EXHIBIT IN NEW YEAR: ‘SO EMOTIONAL,’ SAYS SURVIVORBut there are scores of interconnected stories as well.”During the Holocaust,” wrote Richard Hurowitz in a recent essay in The Wall Street Journal, “citizens from Denmark to Greece…

The Wise logo displayed on a smartphone screen.Pavlo Gonchar | SOPA Images | LightRocket via Getty ImagesWise has been accused by a rival fintech company of undermining competition in the money transfer market.Atlantic Money, a smaller foreign exchange service, made this allegation in a letter to the U.K. competition watchdog, the Competition and Markets Authority.Shares of Wise, which debuted on the London Stock Exchange in 2021, were worth £5.14 apiece at 10:30 a.m. London time, 2% below the Thursday market close.Wise has a market capitalization of £5.3 billion ($6.6 billion).In the letter Atlantic Money shared with CNBC, the company says…