• Aug 12, 2024

Small-Cap ETF Loses Billions as Great Stock Rotation Fizzles

(Bloomberg) -- What had been touted as Wall Street’s big rotation into smaller firms sputtered just as quickly as it started. Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureHow Chicago’s Gigantic Merchandise Mart Is Still Thriving as Office SpaceLos Angeles Sees Remote Work Helping ‘No Car’ 2028 Olympic GamesIn DNC, Chicago’s Embattled Transit System Faces a High-Profile TestNYC Subway Riders See ‘Exceptionally High’ Air PollutionThe same stocks that wer

  • Aug 12, 2024

Chevron delivers industry first in ultra-high pressure oil field

Chevron has achieved a technological breakthrough, producing first oil from a U.S. Gulf of Mexico field under extreme subsea pressures, the energy company said on Monday. Chevron and partner TotalEnergies expect the Anchor development to produce for 30 years. At its peak, the floating platform will pump up to 75,000 barrels of oil and 28 million cubic feet of natural gas a day.