Saudi Arabia’s state oil giant, Aramco, recently reported a 25% decline in profit to $121.3 billion in 2023, down from $161.1 billion in 2022. Despite this decrease, Aramco still boosted its dividend payout, with a 4% increase in its base dividend for the fourth quarter, reaching $20.3 billion, and a 9% increase in its performance-linked
In the realm of investing and finance, the buzz around artificial intelligence (AI) often revolves around technology companies experiencing exponential growth. However, Nancy Tengler, CEO and CIO of Laffer Tengler Investments, emphasizes that AI is not exclusive to tech giants like Nvidia and Meta Platforms. Instead, Tengler highlights traditional “old economy” companies that are leveraging
President Joe Biden recently embarked on a tour of battleground states, kicking off his reelection campaign in Pennsylvania. His campaign team is set to spend a significant $30 million on an ad buy as he delves into the U.S. general election campaign. This move comes on the heels of his spirited State of the Union
UnitedHealth Group (UHG) has reported unprecedented financial success, with $22.4 billion in profits and a revenue of $371.6 billion in 2023. Through vertical integration, UHG has created a value-chain monopoly that encompasses health insurance, medical services, healthcare data, and pharmaceuticals. While impressive from a financial standpoint, this model raises concerns about its impact on the
The recent discovery in the octopus genome suggests that cephalopods may have the oldest sex chromosomes among all animals. This finding challenges the previous notion that sex determination in these creatures was purely based on observation. Biologists have traditionally differentiated between male and female octopuses based on their ability to lay eggs or produce sperm.
In a notable development, the National Payments Corporation of India (NPCI) has recently partnered with the Indian Institute of Science (IISc) in Bengaluru to delve into the realms of blockchain and Artificial Intelligence (AI). This strategic alliance aims to foster research and development in emerging technologies, with a specific focus on blockchain platforms and multi-modal
In a recent matchup against Penn State in the Big Ten tournament quarterfinals, Iowa star Caitlin Clark had a tough night shooting from 3-point range. Despite this, she managed to hit two 3-pointers during the game, bringing her season total to 164. This achievement set a new record for the most 3-pointers in a single
The Senate’s approval of the government funding bill by a vote of 75-22 on Friday is a significant step towards keeping various government agencies operational through September. The 1,050-page measure, a consolidation of six appropriations bills, was successfully negotiated by key leaders in both chambers and parties. This bill funds critical departments like Justice, Commerce,
The tragic story of Laura Sugden and Shane Gilmer, who were attacked by their neighbor with a crossbow in 2018, has sparked a call for the government to tighten restrictions on the possession of such weapons. Laura, who was pregnant at the time of the attack, has been a vocal advocate for change ever since,
The world premiere of Road House at SXSW sparked an electrifying response from the audience, filled with laughter, cheers, and applause. The film, directed by Doug Liman, managed to captivate the viewers at the Paramount Theatre in Austin, TX, proving that it has the potential to be a cinematic experience worth leaving the comfort of