TotalEnergies' boss re-appointed to board, approved by around 76 percent of shareholder votes

USA TODAY
Toyota recalls 145,000 Toyota, Lexus SUVs due to an airbag problem: See affected models
Toyota is recalling about 145,000 vehicles due to an airbag problem, the automaker said last week. Here's which models are affected.
Bloomberg
Cheap Canadian Oil Displaces Iraqi Imports on US West Coast
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Reuters
Australian wine sector a worrying case study for EU industries in China trade spat
Hit with Chinese tariffs, Australia's wine industry struggled to offset the impact of falling exports despite scrambling to build new markets, source grapes from elsewhere and seek government help, industry executives said. Though the EU's winemakers are not part of the current spat, its pork and brandy sectors fear they could be hit with retaliatory measures from Beijing after the bloc imposed tariffs of up to 38% on Chinese-made electric vehicles. The first tariffs on wine were introduced in November 2020.
ABC News Videos
Car dealers crippled by cyberattack
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The Canadian Press
Alberta regulator projects 17 per cent growth in oilsands production by 2033
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Business Insider
Airbus may have benefited from Boeing's struggles, but it isn't smooth sailing for the rival aviation giant
Airbus stock dropped 11% after it announced reduced delivery targets for its planes, and pushed back the date for increased A320neo output.
BBC
VW to invest up to $5bn in Tesla rival Rivian
Shares in the US-based electric truck and SUV maker jumped by almost 50% after the announcement.
South China Morning Post
CATL boss Robin Zeng urges China's EV makers to stop cutting prices and focus on reliability
Robin Zeng, the founder and chairman of Contemporary Amperex Technology Ltd (CATL), has urged Chinese electric vehicle (EV) builders and car component manufacturers to cease the price war engulfing the sector and focus on ensuring the reliability of their products. Speaking at the 15th Annual Meeting of the New Champions, also known as the Summer Davos, the boss of the world's largest EV battery maker joined the chorus of recent voices warning that such intense price competition may come at the
Reuters
Rising US labor costs threaten to derail new LNG projects
A shortage of skilled labor and nagging inflation from strong wage growth on the U.S. Gulf Coast are pressuring liquefied natural gas (LNG) developers and delaying some projects from reaching a financial go-ahead. There are five LNG plants under development in Texas and Louisiana and 16 others on the drawing board in the U.S. looking to secure investment and customers. The five under construction would add a combined 86.6 million metric tons per annum (MTPA) of the superchilled gas, enough to keep the U.S. as the world's largest exporter for years to come.
Reuters
Oil ticks up on inventory drawdown outlook, Middle East risks
SINGAPORE (Reuters) -Oil prices inched up during Asian trade on Wednesday despite a surprise jump in U.S. stockpiles, driven by geopolitical risks from the Middle East conflict and forecasts of an eventual inventory drawdown during the third quarter peak demand season. Brent crude oil futures rose 40 cents, or 0.5%, to $85.41 a barrel by 0406 GMT. The American Petroleum Institute (API) reported U.S. crude oil stocks rose by 914,000 barrels in the week ended June 21, according to market sources briefed on the data.
Yahoo Finance Video
Analysts underestimated how quickly AI would grow: Arm CEO
Arm Holdings (ARM) was added to the Nasdaq 100 (^NDX) on Monday as shares are up nearly 140% since its public debut in September. Arm Holdings CEO Rene Haas joins Market Domination Overtime to discuss the milestone and the British semiconductor company's outlook. Haas states that AI "is going to really, really change people's lives in terms of productivity, whether that's call centers that can become 100% automated, healthcare, bio-research where you can cut the research of a cancer drug from ten years to five years to three years. This is all going to be capable with AI. And then every device that we use, the data center, the automobile, your PC, your smartphone, they all need to run AI. There's no quibble around that." He notes that 70% of the world's devices use Arm chips, positioning them well in the overall AI race. He adds, "I think respectfully, the analysts maybe didn't quite understand or have an appreciation at the pace of which things were moving," pointing to how quickly AI has grown. He believes the technology will be a tailwind for both smartphones and Arm, stating, "Since most of these devices are already Arm-based and the software runs on Arm, it's pretty natural that we're going to be in the center of all of that." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Melanie Riehl
South China Morning Post
China and Poland agree to boost cooperation on electric vehicles
China and Poland have agreed to cooperate on electric vehicles despite the European Union's recent decision to raise tariffs on Chinese imports. "Both sides will support the growth of two-way investments in electric vehicles, green development, logistics and other sectors," a joint action plan for 2024-27 said. The document, which aims to "strengthen the comprehensive strategic partnership" between the two countries, was issued after Chinese President Xi Jinping met his Polish counterpart Andrze
CoinDesk
Bitcoin Mining Sector Is Attracting Growing Investor Interest Following Core Scientific Deal: JPMorgan
Iris Energy is best positioned to take advantage of the HPC/AI opportunity, the report said.
Yahoo Finance Video
Apple rejected Meta's pursuit of AI partnership: BBG
Apple (AAPL) has reportedly rejected Meta's (META) attempts at forging a partnership. According to a Bloomberg report, the tech giant declined Meta's proposal to integrate its AI chatbot technology into Apple smartphones several months ago. Yahoo Finance's Seana Smith and Brad Smith break down the details. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
The Canadian Press
Alberta oil and gas sector exceeded flaring limit in 2023, data shows
CALGARY — For the first time, Alberta's oil and gas industry has exceeded the province's own regulatory limit for natural gas flaring.
Barrons.com
Warren Buffett Doesn’t Like Stock Splits, but He Might Like Chipotle. Here’s Why, and 4 Other Things to Know Today.
Boeing rival Airbus’ supply-chain issues force guidance cuts, Target’s third-party marketplace expansion takes aim at Amazon and Walmart, more news to start your day.
Simply Wall St.
3 High-Yielding ASX Dividend Stocks With Yields Starting At 3.4%
Over the past year, the Australian stock market has shown robust growth with a 10% increase, while remaining stable in the last week. In this context of promising market conditions and anticipated annual earnings growth of 14%, investors might consider high-yielding dividend stocks as a potentially attractive component of their investment portfolio.
Insider Monkey
Did Constellation Energy Corporation (CEG) Deliver a Strong First Quarter?
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Canadian Press Videos
Young gay Latinos see a rising share of new HIV cases, leading to a call for targeted funding
A KFF Health News and Associated Press analysis found more than half of areas targeted by federal money in recent years saw HIV rates increase for Latinos while decreasing for other racial and ethnic groups. Fernando Hermida is among them. (AP Video: Laura Bargfeld)
USA TODAY
Katy Perry wears barely-there cutout dress for Vogue World: Paris
Katy Perry hit the catwalk in a cutout Noir Kei Ninomiya dress during Vogue World: Paris over the weekend.

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TotalEnergies' boss re-appointed to board, approved by around 76 percent of shareholder votes

Latest Stories

Toyota recalls 145,000 Toyota, Lexus SUVs due to an airbag problem: See affected models

Cheap Canadian Oil Displaces Iraqi Imports on US West Coast

Australian wine sector a worrying case study for EU industries in China trade spat

Car dealers crippled by cyberattack

Alberta regulator projects 17 per cent growth in oilsands production by 2033

Airbus may have benefited from Boeing's struggles, but it isn't smooth sailing for the rival aviation giant

VW to invest up to $5bn in Tesla rival Rivian

CATL boss Robin Zeng urges China's EV makers to stop cutting prices and focus on reliability

Rising US labor costs threaten to derail new LNG projects

Oil ticks up on inventory drawdown outlook, Middle East risks

Analysts underestimated how quickly AI would grow: Arm CEO

China and Poland agree to boost cooperation on electric vehicles

Bitcoin Mining Sector Is Attracting Growing Investor Interest Following Core Scientific Deal: JPMorgan

Apple rejected Meta's pursuit of AI partnership: BBG

Alberta oil and gas sector exceeded flaring limit in 2023, data shows

Warren Buffett Doesn’t Like Stock Splits, but He Might Like Chipotle. Here’s Why, and 4 Other Things to Know Today.

3 High-Yielding ASX Dividend Stocks With Yields Starting At 3.4%

Did Constellation Energy Corporation (CEG) Deliver a Strong First Quarter?

Young gay Latinos see a rising share of new HIV cases, leading to a call for targeted funding

Katy Perry wears barely-there cutout dress for Vogue World: Paris