Oil giant Chevron confirmed that it will expand operations in Venezuela after President Donald Trump announced an ambitious deal to develop the nation’s oil reserves and give the Pentagon a stake in the profits. Chevron, the only U.S. oil company with a major presence in Venezuela, said ...
Ollie’s Bargain Outlet Holdings Inc. on Wednesday reported fiscal second-quarter earnings of $85.5 million. The Harrisburg, Pennsylvania-based company said it had profit of $1.42 per share. The retailer posted revenue of $741.3 million in the period, which missed Street forecasts. Five Below posts Q2 net income of $221.4M Five Below Inc. on Wednesday reported fiscal second-quarter net income of $221.4 million. The Philadelphia-based company said it had profit of $3.99 per share. Earnings, adjusted for pretax gains, came to $1.68 per share. The discount retailer posted revenue of ...
New York City’s public schools will temporarily ban elementary and middle school students from using generative artificial intelligence tools during the upcoming school year, Mayor Zohran Mamdani announced Wednesday. The one-year moratorium — part of a broader assessment of how children in the nation’s largest school system interact with the technology — will apply to “all software that uses student-facing generative AI” for students through eighth grade, the mayor’s office said. It described the policy as the most expansive prohibition in the country. At the same time, ...
Treasury Secretary Scott Bessent said Tuesday that 19 of the members of the G20 agreed to address streams of “cheap exports” that cause global economic imbalances, but China dissented. Bessent said that getting even 19 countries to agree to take on the problem was “incredible” and ...
Students are being recruited for 1st Summit Bank’s ASCEND 250 program. Teachers at 10 participating high schools in Cambria and Somerset counties are now nominating students for the first class. Students need two teacher recommendations before they are invited to apply. ASCEND 250 is a three-year paid banking apprenticeship. Participants become full-time, salaried employees of 1st Summit Bank on their first day. They spend 18 months learning throughout the bank and another 18 months specializing in an area of interest. The first class will begin in September 2027. Program details ...
Employers posted slightly more job openings in July but the American labor market remained sturdy in the face of higher costs that are squeezing household budgets. U.S. job openings ticked up to 7.27 million in July from a revised 7.18 million in June, the Labor Department reported Tuesday. The department’s Job Openings and Labor Turnover Survey (JOLTS) also showed that layoffs fell. But so did the number of people quitting their jobs — a sign of confidence in their prospects. The report showed that gross hiring — before subtracting those who lost or quit their jobs — dipped to ...
