Page 16 - Third Bridge News Today

The Chevron-Hess deal comes less than two weeks after Exxon Mobil said that it would acquire Pioneer Natural Resources for about $60 billion.

Airline stocks are down for the year, giving up their rally from the first half of 2023. But some names are better poised to handle the turbulence than others.

When Snapchat announced last month that it had reached 5 million paying subscribers for its Snapchat+ service, it seemed like a stunning achievement. The milestone marked the halfway point to the 10 million subscriber number that CEO Evan Spiegel had just months earlier identified as a “medium-term” goal.

Netflix announced Thursday that its founder Reed Hastings is stepping down as co-CEO at the company and will serve as executive chairman. Hastings will be replaced by co-CEOs Ted Sarandos and Greg Peters.

The acquisition of Pioneer Natural Resources, Exxon’s largest since its merger with Mobil in 1999, increases the company’s presence in the Permian basin in Texas and New Mexico.

German shoe brand Birkenstock made its market debut Wednesday after pricing its IPO at $46.

Shares of German shoe brand Birkenstock fell more than 12% in their market debut on the New York Stock Exchange on Wednesday after ir priced its IPO at $46.

German shoe brand Birkenstock made its market debut Wednesday after pricing its IPO at $46.

Shares of German shoe brand Birkenstock fell more than 12% in their market debut on the New York Stock Exchange on Wednesday after ir priced its IPO at $46.

Deal would be biggest by oil major in almost quarter of a century