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US Upstream Oil and Gas Dealmaking Falls Fourfold in Second Quarter on Price Volatility

Dealmaking in the U.S. upstream oil and gas sector shrank fourfold to 9 billion dollars in the second quarter of the year as volatile oil prices tempered investor confidence, according to analytics firm Enverus. Andrew Dittmar, principal analyst at Enverus Intelligence Research, said crude …

Nitish Kishor | 05 August 2026

Iran and Oman Agree on Proposed Shipping Route Through Strait of Hormuz

Iran said it has reached an agreement with Oman on the geographical coordinates of a shipping route through the Strait of Hormuz, marking the clearest signal yet that a diplomatic push to reopen the critical waterway is nearing completion. Iranian foreign ministry spokesperson Esmaeil …

Nitish Kishor | 05 August 2026

Iridium Communications (NASDAQ:IRDM) Closes Down 2.50% Amid Starlink Competition Concerns

Iridium Communications (NASDAQ:IRDM) is a leading commercial provider of global mobile voice and data communications through its proprietary constellation of 66 low-Earth-orbit satellites, headquartered in McLean, Virginia, and led by CEO Matthew J. Desch. The company serves businesses, the U.S. and foreign governments, non-governmental …

Nitish Kishor | 05 August 2026

Lumen Technologies (NYSE:LUMN) Tumbles 9.39% at Close as Relief Rally Fades

Lumen Technologies (NYSE:LUMN) is a Monroe, Louisiana-based networking and telecommunications company that connects businesses, governments, and residential customers across the U.S. and internationally through its Quantum Fiber, CenturyLink, and Brightspeed brands. Operating as one of North America's largest wireless networks, spanning over 450,000 route-miles, …

Nitish Kishor | 05 August 2026

Citadel's Flagship Fund Gains 6% in July After Buying Distressed AI Portfolio at a Discount

The flagship Wellington fund managed by Ken Griffin's Citadel gained 5.9% in July after the firm purchased billions of dollars of AI-related stocks in a rapid sale from Leopold Aschenbrenner's troubled hedge fund Situational Awareness. Citadel, which manages more than 71 billion dollars in …

Nitish Kishor | 05 August 2026

Securities Investor Notices Send Cogent Communications (NASDAQ:CCOI) Down 3.23% at Close

Cogent Communications (NASDAQ:CCOI) is a Washington, D.C.-based multinational Tier 1 Internet Service Provider founded in 1999 and led by CEO David Schaeffer, offering high-speed Internet access, private networking, data transport, optical wavelength, and data center colocation services across six continents. Operating a facilities-based, all-optical …

Nitish Kishor | 05 August 2026

Progressive Abdul El-Sayed Wins Michigan Democratic Senate Primary Over Haley Stevens

Progressive challenger Abdul El-Sayed defeated Rep. Haley Stevens in a closely contested Democratic Senate primary in Michigan, with the Associated Press calling the race for El-Sayed after a vote count that continued through the night. El-Sayed won with 48.5% of the vote compared to …

Nitish Kishor | 05 August 2026

Fed Governor Lisa Cook Says She's Ready to Raise Rates if Inflation Doesn't Ease

Federal Reserve Governor Lisa Cook said Wednesday that she is open to raising the central bank's short-term interest rate target if inflation does not begin cooling, delivering remarks before the 2026 Economic Luncheon of the Anchorage Economic Development Corporation in Alaska. "I am prepared …

Nitish Kishor | 05 August 2026

Gogo (NASDAQ:GOGO) Closes Down 4.29% After Analyst Price Target Cuts

Gogo (NASDAQ:GOGO) is a leading provider of in-flight broadband connectivity solutions purpose-built for business and military and government aviation, headquartered in Broomfield, Colorado, and founded in 1991. As the only multi-orbit, multi-band in-flight connectivity provider, Gogo uniquely combines air-to-ground 5G network systems, including the …

Nitish Kishor | 05 August 2026

América Móvil (NYSE:AMX) Falls 3.46% at Close as SpaceX Headlines Rattle Telecom Sector

América Móvil (NYSE:AMX) is Latin America's leading telecommunications operator, headquartered in Mexico City and led by CEO Daniel Hajj Aboumrad, serving over 331 million wireless subscribers and 79 million fixed revenue-generating units across 23 countries in Latin America, Central and Eastern Europe. The company …

Nitish Kishor | 05 August 2026
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