New Vehicle Inventory Stuck Near Record Low, Shortages Shift to Fuel-Efficient Cars, Prices Hit Record. But Used Vehicle Price Spike Runs out of Fuel amid Plenty of Supply

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Still the strangest auto market ever. By Wolf Richter for WOLF STREET. The inventory shortages at new vehicle dealers continue unabated, and inventories remain desperately low, but the shortages are shifting, as demand has shifted, and there is now supply piling up, for example at Ram dealers, while fuel-efficient vehicles are essentially sold out, and EV models have … Read more

Shell, Total continue buyback bonanza after record profits

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Total Q2 profit $9.8 bln vs Q1 $9 bln Shell Q2 profit $11.5 bln vs Q1 $9.1 bln Shell to buy back $6 bln in shares, Total $2 bln Dividends steady: Total 0.69 eur/shr, Shell $0.25/shr LONDON, July 27 (Reuters) – Europe’s biggest oil companies Shell (SHEL.L) and TotalEnergies (TTEF.PA) extended share buybacks on Thursday … Read more

Tilray Brands, Inc. Reports Record Fiscal Year 2022 Results

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FY2022 Net Revenue Grew 22% to $628 Million Compared to the Prior Year; On a Constant Currency Basis, Net Revenue Increased by 29% Fourth Quarter Net Revenue Grew 8% to $153 Million Compared to the Prior Year Period; On a Constant Currency Basis, Net Revenue Increased by 14% to $163 Million Company Expects to Generate … Read more

James Webb Space Telescope beats its own record with potential most distant galaxies

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Astronomers are now discovering record-breaking distant galaxies by the dozen while sifting through the treasure trove of data now being collected by the James Webb Space Telescope (JWST or Webb). Among them are several galaxies dating back to just over 200 million years after the Big Bang. Prior to the launch of the James Webb … Read more

Shell smashes record again with $11.5 billion profit

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General view of a Shell petrol station sign in Milton Keynes, Britain, January 5, 2022. REUTERS/Andrew Boyers/File Photo GLOBAL BUSINESS WEEK AHEAD Register now for FREE unlimited access to Reuters.com Register Shell announced $6 bln buyback programme Refining margins triple in second quarter Strong gas and power trading lift profits LONDON, July 28 (Reuters) – … Read more

JWST May Have Already Smashed Its Own Record

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Does anybody remember GLASS-z13? No? It was spotted by the James Webb Space Telescope and championed as the “oldest galaxy ever seen” and it was announced… six days ago. Yes, that’s right. Not even a week ago, two preprint papers posted to scientific article repository arXiv (pronounced “archive”) detailed some of the earliest analysis of … Read more

Michael Johnson accused of ‘black racism’ after questioning Tobi Amusan’s world record

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Michael Johnson is accused of ‘black racism’ after questioning Nigerian athlete Tobi Amusan’s time when she obliterated the 100m hurdles world record – as huge numbers of athletes recorded personal bests at the World Championships Michael Johnson has been accused of racism after questioning a world record He thinks too many records were broken, suggesting … Read more

The Indian rupee touched record lows, but not everyone is worried

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Mumbai, India – Chakradhar Chemicals, a medium-sized company that manufactures micronutrient and soluble fertilisers and farm equipment, has braved a lot so far this year. A surge in the cost of imported raw materials – metals and plastic – and a plummeting rupee slashed its profit margins drastically. But when asked if there is a … Read more

Astros close in on best AL record with sweep of Mariners

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Astros beat Mariners for series sweep \n”,”providerName”:”Twitter”,”providerUrl”:”https://twitter.com”,”type”:”rich”,”width”:550,”__typename”:”ExternalEmbedContent”},”$ROOT_QUERY.getForgeContentBySlug({\”locale\”:\”en-us\”,\”slug\”:\”astros-beat-mariners-for-series-sweep\”,\”type\”:\”story\”}).parts.10″:{“data”:{“type”:”id”,”generated”:true,”id”:”$ROOT_QUERY.getForgeContentBySlug({\”locale\”:\”en-us\”,\”slug\”:\”astros-beat-mariners-for-series-sweep\”,\”type\”:\”story\”}).parts.10.data”,”typename”:”ExternalEmbedContent”},”type”:”oembed”,”__typename”:”ExternalEmbed”},”$ROOT_QUERY.getForgeContentBySlug({\”locale\”:\”en-us\”,\”slug\”:\”astros-beat-mariners-for-series-sweep\”,\”type\”:\”story\”}).parts.11″:{“content”:”“We were trying to get \\[Valdez\\] to the seventh and trying to give Pressly a day to get acclimated, but we had to call him into service today, and he was good,” Baker said. “He set the record for \\[30\\] consecutive batters \\[retired\\]. I told him congratulations after the … Read more