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Misleading oil giants? top oil executives testify to congress

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3 years ago

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Top oil executives are currently testifying to Congress over accusations they have been using their power and influence to mislead the public about climate change

This follows Democrat lawmakers saying that the industry has spent decades trying to downplay its impact on global warming.

ExxonMobil, BP, Chevron and Shell are all present at the Congressional hearing… and have denied approving any disinformation campaigns.

It comes just days before world leaders are due to arrive in Glasgow for the United Nation’s highly anticipated COP-26 climate event.

Representative Carolyn Maloney is one of several elected officials at the hearing today, and accuses the oil companies of spending tens of millions to protect their profits.

Maloney requested that all companies take

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Warner Brothers & Discovery considers splitting up to boost stock value

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1 week ago

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July 19, 2024

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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1 week ago

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July 18, 2024

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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1 week ago

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July 18, 2024

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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