The Organization of the Petroleum Exporting Countries (OPEC) and its partners, known as OPEC+, showed their commitment to higher oil prices in their meeting on June 4, with Saudi Arabia announcing additional output cuts and some other members extending their voluntary cuts until the end of 2024. Following their meeting in Vienna, OPEC+ members extended…
Saudi Arabia to Cut Oil Production by 1 Million Barrels per Day to Boost Prices
June 4, 2023
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Business & MarketseconomyenergyGold and CommoditiesMarketsMiddle EastOPECPoliticsRussiaSaudi ArabiaUSWorld
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Fox News Feels the Pain One Month After Tucker Carlson’s Exit
June 4, 2023
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2024 electionBusiness & MarketsCompaniesDonald TrumpFox NewsMedia & Big TechPoliticsRepublican CandidatesRepublicansTucker CarlsonUSUS News
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Fox News has seen its primetime ratings decline year-over-year in May since Tucker Carlson’s sudden departure about six weeks ago, according to an analysis. Nielsen ratings show that the network has seen a 37-percent year-over-year decline to 1.42 million during the primetime hours of 8 p.m. and 11 p.m., according to reports from Mediaite and…
With Oil Prices Slumping, OPEC+ Producers Weigh More Production Cuts
FRANKFURT, Germany—The major oil-producing countries led by Saudi Arabia and Russia are wrestling with whether to make another cut in supply to the global economy as the OPEC+ alliance struggles to prop up sagging oil prices that have been a boon to U.S. drivers and helped ease inflation worldwide. The 23-member group is meeting Sunday…
NBC’s Chuck Todd Will Step Down as Host of ‘Meet the Press’
NBC News’ Chuck Todd announced he is stepping down as the host of Sunday’s “Meet the Press,” he announced on June 4. Todd has spent the past nine years as the moderator of the Sunday show, frequently interviewing politicians about various issues. His tenure will end at the end of the summer, Todd said. Replacing…
Ford Recalls Nearly 143,000 Lincoln MKCs for Fire Risks
Ford, the parent company of Lincoln, on June 2 issued a recall of nearly 143,000 of its Lincoln MKC compact SUVs over an issue that could lead to a spontaneous fire in the engine compartment. The potential danger has prompted the National Highway Traffic Safety Administration (NHTSA) to issue an urgent recall notice for 2015-2019…
AI Adoption Led to Nearly 4,000 Job Losses in May: Report
Almost 4,000 American jobs were lost last month following the use of artificial intelligence (AI), according to a recent report, as businesses increasingly consider deploying AI in their regular operations. U.S.-based employers announced 80,089 job cuts in May, out of which 3,900 reductions were blamed on artificial intelligence, according to a May 2023 layoffs report…
Here’s How Many Jobs Were Lost in One Month Due to AI
Almost 4,000 American jobs were lost last month following the use of artificial intelligence (AI), according to a recent report, as businesses increasingly consider deploying AI in their regular operations. U.S.-based employers announced 80,089 job cuts in May, out of which 3,900 reductions were blamed on artificial intelligence, according to a May 2023 layoffs report…
Companies Reach $1.18 Billion Deal to Resolve Claims From ‘Forever Chemicals’ Water Contamination
TRAVERSE CITY, Mich.—Three chemical companies said Friday they had reached a $1.18 billion deal to resolve complaints of polluting many U.S. drinking water systems with potentially harmful compounds known as PFAS. DuPont de Nemours Inc., The Chemours Co., and Corteva Inc. said they would establish a fund to compensate water providers for contamination with the…
Office Vacancy Rates at Historic Highs in San Francisco, Potentially 40 Percent: Experts
June 3, 2023
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Business & MarketsBusinesses in COVID-19Californiacommercial real estateeconomyMarketsNorthern CaliforniaRegional & State NewsSan FranciscoState NewsUSUS News
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Office vacancy rates in San Francisco continue to climb, with new records being set monthly as businesses continue to flee and office workers resist a return to the city, according to experts. Vacancy rates reportedly surpassed 31 percent in May, the highest ever recorded in the city—historically known as an attractive location for businesses, ranking…
US, Taiwan Sign Trade Deal Over China’s Opposition
June 3, 2023
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Asia & PacificBusiness & MarketsChina NewsdealeconomyExecutive BranchPoliticsSpecial TopicsTaiwantradeUnited StatesUSUS NewsUS-China relationsWorld
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WASHINGTON—The United States signed a trade agreement Thursday with Taiwan over opposition from China. The two governments say the U.S.–Taiwan Initiative on 21st Century Trade will strengthen commercial relations by improving customs, investment, and other regulation. The measure was signed by employees of the unofficial entities that maintain relations between the United States and Taiwan,…
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