Web Stories Friday, April 26
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Chevron beat earnings expectations Friday, but its profit fell from the year-ago period as its refineries and international gas business faced headwinds.The oil major’s net income declined 16% to $5.5 billion, or 2.97 per share, compared with the same quarter a year ago. Excluding one-time items, Chevron reported earnings of $2.93 per share, which beat Wall Street estimates.Chevron attributed declining profits to lower sales margins at its refineries and lower natural gas prices eating into…

United States

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Florida Gov. Ron DeSantis, a former Republican presidential candidate for the 2024 race, said Thursday that any anti-Israel protesters on Florida college campuses could face expulsion for any harassing, offensive or belligerent behavior.This comes as Ivy League schools like Columbia University, Harvard and Yale have all faced pro-Palestinian protesters overtaking…

Politics

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President Biden’s latest proposal to hike the top capital gains tax rate to its highest level in more than a century is facing heavy criticism from experts who warn such an action could significantly harm the U.S. economy.According to a report issued by the Treasury Department, led by Secretary Janet…

Business

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JPMorgan Chase CEO Jamie Dimon on Thursday cautioned that markets are too optimistic about the odds of a soft landing as the U.S. economy continues to battle still-high inflation and interest rates. “The odds of a soft landing, the market kind of prices in 70%. I think it’s half of…

Lifestyle

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