PBF Energy reports larger-than-anticipated Q3 loss due to declining margins, according to Reuters

PBF Energy reports larger-than-anticipated Q3 loss due to declining margins, according to Reuters

PBF Energy reported a larger-than-expected loss in the third quarter, attributing it to weak fuel demand and shrinking refining margins. This trend is being seen globally, with refiners facing challenges due to soft consumer and industrial demand, particularly in China. Despite the difficult market conditions, larger competitors like Phillips 66 and Valero Energy also experienced … Read more

Budget questions answered by experts

Budget questions answered by experts

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favorite stories in this weekly newsletter. Chancellor Rachel Reeves’ first Budget was packed with measures affecting tax and pensions but how will it affect you and your money? Claer Barrett, the FT’s consumer editor, will join Sir Steve Webb, former pensions … Read more

X’s collaborative ‘Community Notes’ verification system falls short in countering misinformation surrounding the U.S. election

X’s collaborative ‘Community Notes’ verification system falls short in countering misinformation surrounding the U.S. election

X’s Community Notes program, which relies on crowd-sourced fact-checking, has been criticized for not effectively addressing the spread of misinformation related to the U.S. elections on Elon Musk’s social media platform. A report published by the Center for Countering Digital Hate revealed that a significant number of misleading posts were not corrected by accurate notes … Read more

North Korea’s leader justifies longest ICBM test as ‘suitable military response’ to foes – Reuters

North Korea’s leader justifies longest ICBM test as ‘suitable military response’ to foes – Reuters

North Korea announced on Thursday that it had conducted a test of an intercontinental ballistic missile, describing it as the “world’s most powerful strategic weapon.” The country’s leader, Kim Jong Un, was present for the test and stated that it was a warning to those who have been threatening North Korea’s security. The test has … Read more

Shell plans to repurchase $3.5bn worth of shares after surpassing profit projections.

Shell plans to repurchase .5bn worth of shares after surpassing profit projections.

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shell has announced another $3.5bn of share buybacks after its quarterly profits exceeded market expectations. Europe’s largest oil and gas company reported adjusted earnings of $6bn for the third quarter, beating average analyst estimates of … Read more

Neymar, the soccer sensation, purchased a vacant waterfront property in Miami for $26 million.

Neymar, the soccer sensation, purchased a vacant waterfront property in Miami for  million.

Brazilian football star Neymar da Silva Santos, Jr. has purchased an empty waterfront lot in Miami for $26 million, as reported by the Wall Street Journal. The property is located in the upscale Bal Harbour area. The land, which is less than an acre in size, has been listed for sale before at higher prices, … Read more

Oppenheimer optimistic about KLA stock, labeling it the “Microsoft of metrology” According to Investing.com

Oppenheimer optimistic about KLA stock, labeling it the “Microsoft of metrology” According to Investing.com

On Thursday, Oppenheimer revised its position on KLA Corporation (NASDAQ:KLAC), upgrading the stock from Perform to Outperform and raising the price target to $850 from the previous $750. This move comes after KLA’s first-quarter results for fiscal year 2025 exceeded expectations, leading the firm to increase its fiscal year 2025-2026 (June) estimates by 2%. The … Read more

Londonderry’s cultural reinvention on display at Halloween festival

Londonderry’s cultural reinvention on display at Halloween festival

Silhouetted in the night sky atop 400-year-old walls encircling the heart of Londonderry, or Derry, in Northern Ireland, a man spins flaming batons and another swallows fire, delighting children in Halloween costumes below. Nearby, steampunk time-travellers on stilts with illuminated globes navigate ancient cobbles on another street. Around a corner, young people dressed as zombies … Read more

Russia Obliterated a Ukrainian City from Existence

Russia Obliterated a Ukrainian City from Existence

“ “It barely exists anymore,” said the mayor of Vovchansk, an industrial town razed by a Russian onslaught shocking even for the killing fields of eastern Ukraine. Vovchansk has no great history but its geography could not be more tragic. Just five kilometres (three miles) from the Russian border, drone footage from the Ukrainian military … Read more