Text size David McNew / Getty Images Exxon Mobil and Chevron report earnings on Friday amid a bleak period for energy reserves. Most of the oil and gas names collapsed on Thursday, because the path back to “normal” in recent months is likely to be more complicated than investors initially …
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Text size It is the busiest week of the second quarter earnings season, with 171 S&P 500 companies slated to report. Things start slowly on Monday, before 3M, Advanced Micro Devices, eBay, McDonald’s, Pfizer, Starbucks and Visa reported on Tuesday. On Wednesday, Boeing, Facebook, General Electric, PayPal Holdings, Qualcomm and …
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Text size David McNew / Getty Images Oil services company Schlumberger is cutting 21,000 jobs after a disastrous quarter. Analysts are optimistic. Schlumberger’s (ticker: SLB) second-quarter results, released Friday morning, were grim at first glance: a 35% year-over-year revenue decline and a plan to cut a quarter from staff. But …
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Scientists, for the first time, discovered an active leakage of methane gas from the seabed in Antarctica. It is a process that is likely to accelerate the process of global warming. The finding was published in the peer review. Proceedings of the Royal Society B Scientific journal on Tuesday. Methane …
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The answers to many questions in astronomy are hidden behind the veil of deep time. One of those questions is about the role that supernovae played in the early Universe. The job of the first supernovae was to forge the heaviest elements that were not forged in the Big Bang. …
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