• OPEC, Unlike IEA, Sees Oil Demand Declining in 2022
  
  OPEC on Thursday cut its 2022 forecast for growth in world oil demand for a third time since April, citing the economic impact of Russia's invasion of Ukraine, high inflation and efforts to contain the coronavirus pandemic.
• Is Netflix Envy Over in Hollywood? Not Quite
  
  Over an earnings period that appeared to signal the end of Netflix envy, Walt Disney Co. restored hopes that growth in the streaming business will continue.
• Poll: Almost Half of Teens Almost Always Online
  
  Just under half of American teenagers describe themselves as "almost constantly" online, according to a new poll from Pew Research Center.
• Samsung Unveils New Foldable Smartphones
  
  Samsung Electronics unveiled its latest high-end foldable smartphones Wednesday, keeping prices at the same level as last year's in a bid to cement its leadership in an expanding niche market.
• Walmart Explores Streaming With Disney, Comcast & Paramount
  
  Walmart Inc. has held talks with media companies about including streaming entertainment in its membership service, the New York Times reported Tuesday, citing people with knowledge of the conversations. Executives from Paramount, Walt Disney Co and Comcast Corp, which...
• Biden Rule Would Give Organic Chickens Access to Outdoors
  
  President Joe Biden's administration on Tuesday proposed a U.S. rule requiring farms to give egg-laying chickens access to the outdoors in order to earn the label "organic," closing loopholes but potentially giving companies up to 15 years to comply.
• Most Electric Vehicles Won't Qualify for Federal Tax Credit
  
  A tax credit of up to $7,500 could be used to defray the cost of an electric vehicle under the Inflation Reduction Act now moving toward final approval in Congress.
• Billions Pour Into Bioplastics as Markets Begin Ramping Up
  
  In a world increasingly troubled by the persistent harm that plastic - manufactured in petrochemical plants - has had on the environment, companies are investing billions of dollars to ramp up production of plastics made from natural, renewable materials.
• American Airlines CFO on Fixing Balance Sheet, Post Pandemic
  
  Derek Kerr might have the hardest job in the airline business.Kerr is the chief financial officer of American Airlines, and his task is to fix a balance sheet that has been battered by borrowing needed to survive the pandemic.
• Qualcomm, GlobalFoundries Sign Pact to Double Chip Manufacturing
  
  Qualcomm and GlobalFoundries signed an agreement on Monday to more than double their existing long-term manufacturing agreement for chips used in 5G transceivers, Wi-Fi, automotive and Internet of Things (IoT) connectivity.
• SoftBank Loses Record $23B on Vision Fund, Signals Job Cuts
  
  SoftBank Group Corp. unveiled a $23 billion quarterly net loss on Monday, its biggest ever, as a market sell-off upended tech stocks and shredded valuations at its sprawling Vision Fund unit.
• US Proposes New Consumer Protection Rules for Airline Passengers
  
  The U.S. Transportation Department on Wednesday proposed new rules to strengthen airline passenger protection and require airlines to provide vouchers that do not expire when passengers are unable to fly for certain pandemic-related reasons.
• New Crypto Oversight Legislation Arrives as Industry Shakes
  
  A bipartisan group of senators on Wednesday proposed a bill to regulate cryptocurrencies, the latest attempt by Congress to formulate ideas on how to oversee a multibillion-dollar industry that has been racked by collapsing prices and lenders halting operations.
• Ruddy: Big Tech Needs to Be Limited, JCPA Does That
  
  Big Tech platforms have destroyed the business models for small publishers and nearly killed off local news altogether.
• US Service Sector Unexpectedly Picks Up, Price Growth Slows
  
  The U.S. services industry unexpectedly picked up in July amid strong order growth, while supply bottlenecks and price pressures eased, supporting views that the economy was not in recession despite output slumping in the first half of the year.
• OPEC+ Will Increase Oil by Minuscule Amount, in Rebuff to Biden
  
  OPEC+ is set to raise oil output by a tiny 100,000 barrels per day in what analysts described as an insult to U.S. President Joe Biden after his trip to Saudi Arabia last month to persuade OPEC's leader to pump more to help the U.S. and global economy.
• China Blocks Some Taiwan Imports but Avoids Chip Disruption
  
  China blocked imports of citrus and fish from Taiwan in retaliation for a visit by Nancy Pelosi, a top American lawmaker, to the self-ruled island but has avoided disrupting one of the world's most important technology and manufacturing relationships.The two sides, which...
• US Shale Producers Focus on Returns, at Expense of Production
  
  Top U.S. shale oil producers say they remain laser focused on shareholder returns, limiting production expenditures largely to offset higher costs for equipment, supplies and services.
• Devon Energy Posts 7-Fold Increase in Quarterly Profit
  
  Devon Energy Corp. on Monday reported a seven-fold surge in second-quarter profit and raised its dividend by 22%, becoming the latest U.S. shale producer to benefit from soaring crude prices.
• Hedge Funds Bullish on US Diesel as Inventories Dwindle
  
  Portfolio managers were heavy buyers of U.S. distillates last week, reflecting the continued shortage of diesel and heating oil despite signs of an economic slowdown.
• Oil Giants Exxon, Chevron Post Blowout Earnings
  
  The two largest U.S. oil companies, Exxon Mobil and Chevron Corp., posted record revenue on Friday, bolstered by surging crude oil and natural gas prices and following similar results for European giants a day earlier.
• Recession Could Feed an Already Vicious Bear Market
  
  The prospect of a U.S. recession could mean more pain for battered stocks, despite a recent rebound that has taken the benchmark index to its highest level in more than a month.
• Meta to Keep Facing Apple Privacy Pinch, TikTok Heat
  
  Stiff competition from TikTok and Apple Inc.'s privacy changes will remain a cause for concern for Facebook-owner Meta Platforms Inc. in the near term, Wall Street analysts said.
• YouTube's Quarter Exposes Challenges Meta Faces
  
  Mostly reassuring financial results from Alphabet Inc. included one concerning sign for social media companies: Its YouTube service posted its second difficult quarter in a row.
• Google Parent Alphabet's Small Sales Miss Eases Recession Worries
  
  Alphabet Inc. on Tuesday barely missed estimates for quarterly revenue, showing that its industry-leading Google search and advertising business may be able to withstand big countries potentially going into recession over the next year.

More Markets Stories