• 

  Benzinga

  REITs with Massive Dividend Yields: A Close Look At Five Key Players

  As real estate investment trusts (REITs) continue to attract investors seeking consistent income, the focus increasingly shifts to dividend yields—a crucial metric for those eyeing regular income streams. This piece explores five publicly traded REITs with impressive dividend yields, providing insights for potential REIT investors looking to expand their portfolios. SL Green Realty Corp (NYSE:SLG) SL Green Realty Corp specializes in acquiring, managing, and maximizing the value of Manhattan comm

• 

  Bloomberg

  Gasoline Is Surging All Over World in Fresh Inflation Blow

  (Bloomberg) -- The price of gasoline is starting to surge everywhere, an inflationary omen for central banks and governments the world over.Most Read from BloombergSubway Offers Free Sandwiches That Come With a Lifetime CommitmentPowell Has Stopped Handing Gifts to Wall Street on Fed DayFed Raises Interest Rates to 22-Year High, Leaves Door Open for MoreHunter Biden Plea Deal in Limbo After Judge Questions TermsUkraine Steps Up Counteroffensive With Big Push in the SouthFutures just soared to a

• 

  Bloomberg

  VW Takes $700M Xpeng Stake for EV Pact to Win Back China

  Brian Gu, co-president and honorary vice chairman at Xpeng Inc., discusses the company's plan to jointly develop electric vehicles with Volkswagen AG for sale the Chinese market. Volkswagen AG plans to invest $700 million in Xpeng. Gu speaks exclusively on Bloomberg Television.

• 

  The Wall Street Journal

  Is the Dow About to Party Like It’s 1897?

  If the Dow closes higher today, it will mark a 14th straight rise. But it would need to advance yet again to stand alone atop the blue-chip index’s all-time winning-streak list. Wednesday’s increase—just 82 points, or 0.

• 

  Reuters

  Shell, TotalEnergies profits slump as oil, gas prices cool after bumper 2022

  LONDON/PARIS (Reuters) -Shell and TotalEnergies reported sharp falls in second-quarter profit from bumper 2022 earnings as oil and gas prices, refining margins and trading results all weakened. Oil and gas prices soared last year in the wake of Russia's invasion of Ukraine but energy prices have dropped sharply this year as fears of shortages eased amid global economic challenges.

• 

  American City Business Journals

  EQT claims world record length for 48 hours' worth of drilling

  EQT Corp. on Tuesday said it had achieved a world record for drilling a natural gas well over a 48-hour period. The Pittsburgh-based driller, the country's largest independent natural gas producer, disclosed in its quarterly earnings release Tuesday it had drilled 18,200 feet over a 48-hour period at a single well site in the second quarter of 2023. The record had been verified by records kept by Baker Hughes, the Texas-based oilfield services and analysis firm.

• 

  Reuters

  RTX to take up to 60 days to fix each GTF engine with contamination issue

  WASHINGTON (Reuters) -RTX Corp will need up to 60 days to inspect and fix each GTF engine used on Airbus jets that were found to have a new problem involving contaminated powder metal, CEO Greg Hayes said in an interview on Tuesday. At least 1,200 of the Pratt & Whitney GTF engines that power Airbus A320neo jets will need "accelerated removals and inspections," RTX, formerly Raytheon, said earlier on Tuesday when it announced second-quarter results. Engines potentially affected by the metal powder issue will not be put through the entire overhaul cycle, which typically lasts four to five months, Hayes said.

• 

  Reuters

  Nestle says price rises will moderate in rest of 2023

  Nestle will raise prices at a more moderate rate in the remainder of 2023, its CEO said on Thursday, as the company hit back at criticism that food manufacturers are charging more than they need to. Consumer goods companies have raised prices in the past two years in response to the impact of the COVID-19 pandemic, disruption to crop yields from unusual weather patterns and Russia's invasion of Ukraine. "We don't consider those (accusations) to be an accurate description of where we are," Nestle CEO Mark Schneider told reporters.

• 

  Reuters

  VW cuts sales outlook as EV competition heats up

  BERLIN (Reuters) -Volkswagen on Thursday cut its full year sales target and pledged to improve its cash position in the second half by hiking prices and cutting costs as the German carmaker seeks to fend off tough competition in China, its top market. The reduced sales target of 9-9.5 million vehicles, from 9.5 million previously, was down to a dip in first-half sales in China, Chief Financial Officer Arno Antlitz said. Antlitz said the so-called "performance programmes" in the works to make the group's brands more efficient would have to begin yielding results this year, adding it had no time to lose in the face of rising competition.