Venture Global Confident It Will Win Other LNG Cases After Shell
The company on Tuesday said it won arbitration proceeding with Shell related to the timing of contractual shipments from the Calcasieu Pass plant, which came more than three years after the project began exporting the fuel. The shares jumped as much as 15% on Wednesday.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
18 minutes ago
- Bloomberg
Stocks Hit Record High; Bessent: Rates Should Be 1.5-1.75% Lower
Scott Bessent feeds the rally, as Treasuries gain and US stocks close at another record high. The Treasury Secretary tells Bloomberg interest rates should be up to 175 basis points lower. Donald Trump warns of "very severe consequences" if Russia's Vladimir Putin doesn't agree to a ceasefire at tomorrow's summit. And Bloomberg learns Apple is planning to introduce an ambitious slate of new AI devices... including robots, a lifelike Siri and home-security cameras. (Source: Bloomberg)
CBS News
18 minutes ago
- CBS News
Pipe Unlocks Financial Growth for SMBs with Embedded Capital Access
This content was provided by Acumen Media for Pipe. This advertiser content was paid for and created by Acumen. Neither CBS News nor CBS News Brand Studio, the brand marketing arm of CBS News, were involved in the creation of this content. Small and medium-sized businesses are the backbone of the American economy, contributing 43.5% of the U.S. GDP and employing over 59 million workers. Yet despite their impact, access to capital remains one of their biggest challenges. Traditional lending options are often rigid and inaccessible, requiring lengthy applications, credit checks and personal guarantees. As an emerging innovator in fintech, Pipe is changing that by reshaping how these SMBs access financing by embedding it directly into the software platforms that they already use. By meeting entrepreneurs where they are, inside the tools they trust, Pipe eliminates the friction of traditional financing, opening up new opportunities for entrepreneurs to grow and thrive. For Brooke Hill and Zanbria Asante, cofounders of Swella Braid Bar, the shortcomings of traditional financing were familiar. After launching their first location in Atlanta, Georgia, they sought out capital to fuel a second opening in Charlotte, North Carolina. However, they found that traditional lending didn't exactly meet their needs: banks wanted financial statements, tax returns and personal guarantees. Then came an unexpected solution, right from the platform they already used to run their day-to-day operations. Boulevard, a client experience platform tailor-made for self-care businesses, had long been central to Swella's operations. From online booking to payment processing, Boulevard says it helps streamline their customer interactions and has become a trusted partner in their success. So when Hill received a capital offer from Boulevard, she felt confident accepting the funding. The offer, powered by Pipe, was based on Swella's real-time business performance and cash flow. With just a few clicks, Swella secured the capital they needed—no paperwork, credit scores or collateral needed. The embedded finance market is growing rapidly, projected to exceed $588 billion in revenue by 2030, according to Bain & Company, with embedded lending emerging as a key driver of this growth. By partnering with Pipe, companies like Boulevard are offering their customers not only business tools but also direct access to customer-friendly capital at the point of need. Under the leadership of CEO Luke Voiles, Pipe is transforming the financial landscape by making capital more accessible, seamless and aligned with the way these small businesses operate today.
Yahoo
24 minutes ago
- Yahoo
'A gamechanger': Economists react to weak July jobs report as rate cut bets surge
Wall Street strategists are sharply recalibrating their economic outlooks after Friday's July jobs report showed weaker-than-expected hiring and staggering downward revisions to prior months' data, suggesting the labor market may be losing steam at a quicker pace than previously thought. The US economy added just 73,000 jobs in July, far below the 104,000 expected by economists. But the bigger surprise came from revisions to the May and June figures, which collectively erased 258,000 jobs. This marked the largest two-month downward revision since May 2020. Sarah House, senior economist at Wells Fargo, called the July jobs report "a dud" in a client note titled "July and the No Good, Very Bad Jobs Report." "The 'solid' state of the labor market described by the FOMC earlier this week looks more questionable after the July employment report," she said, citing broad-based hiring weakness in cyclically sensitive sectors like manufacturing, retail, and professional services. Despite persistent strength in healthcare hiring, she added, "the pace [of job growth] has lurched lower to just 35K" over the past three months when factoring in revisions. Steve Sosnick, chief strategist at Interactive Brokers, bluntly told Yahoo Finance that the July numbers were simply "not good. There's no way to sugarcoat that. The two-month revision is just staggering. It basically wipes out two months of what we thought were healthy job gains." Citi economist Veronica Clark agreed, telling Yahoo Finance, "It's not so much this July number, but the massive downward revisions to the June number that we had last month. ... This definitely does look like a labor market that is weakening." Meanwhile, Heather Long, chief economist at Navy Federal Credit Union, called the report a "gamechanger" in a post on X, echoing others in saying "the labor market now looks a lot weaker than expected." The unemployment rate ticked up to 4.2% in July, in line with expectations and still near historic lows. But as Clark pointed out, "that happened despite the labor force participation rate falling more," a shift some economists have linked to President Trump's immigration crackdown. Ahead of the report, there were growing concerns that increased deportations were reducing labor supply and keeping the jobless rate artificially low. September rate cut odds surge The revised data has added urgency to calls for rate cuts from the Federal Reserve, with market pricing shifting notably in the aftermath. "We still anticipate that the Fed starts to cut in September with consecutive cuts thereafter leading to about 100 basis points of cuts in total," said Leslie Falcone, head of taxable fixed income strategy at UBS Global Wealth Management. Falcone noted that while the Fed had already turned more cautious, the scale of the revisions surprised even the most dovish forecasters. "Some of these revisions are much more than what people expected. ... I do think that this is a bit on the weaker side. And it does put cuts back on the table." Traders seem to agree. Following the report, the probability of a September rate cut surged to about 80%, up from just 38% the day prior, according to the CME FedWatch Tool. Earlier this week, Fed governors Michelle Bowman and Christopher Waller broke from the majority of FOMC officials, dissenting against the decision to hold interest rates steady after warning that the labor market was weaker than initial data had indicated. That warning appeared prescient on Friday as markets tumbled following the report. The tech-heavy Nasdaq (^IXIC) fell over 2% by midmorning, the Dow (DOW) shed nearly 600 points, and the S&P 500 (^GSPC) dropped around 1.6%. Meanwhile, bond prices surged on increased rate cut bets, sending the yield on the 10-year Treasury (^TNX) down 11 basis points to around 4.2%. Adding to labor market concerns, escalating trade tensions were also top of mind for investors as Trump hiked tariff rates on several US trading partners, including a surprise 39% tariff on Switzerland. "The market had sort of put tariffs in the rearview mirror and assumed that the labor market was okay," Sosnick said. "Well, both of those assumptions have been overturned quite dramatically this morning." The strategist warned markets appear to be entering a "reckoning period," explaining, "We're not seeing a lot of reflexive dip buying. ... That, to me, tells me that the psychology, at least as of this particular moment, is a bit more tenuous than it was." Correction: A previous version of this article misspelled Steve Sosnick's name. We regret the error. Allie Canal is a Senior Reporter at Yahoo Finance. Follow her on X @allie_canal, LinkedIn, and email her at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
