Confirmed Deaths In Ebola Outbreak Eclipse 1,000

Key Events This Holiday-Shortened Week: PCE, Durables, Consumer Confidence And Fed Speakers SSDD: with stocks set to hit new record highs, the hope this morning once again is that the days may be numbered for the war in Iran, with momentum building since the start of the weekend that a deal could be in the works. Brent, which ended last week at $103.54/bbl, is this morning trading at $97.87/bbl, around -5.48% lower than Friday’s close. However, Brent had got as low as $96.02 late yesterday before news overnight that US and...

TotalEnergies CEO Reveals Cost To Move A Supertanker Through Hormuz The crisis-driven dislocation across Gulf oil markets has positioned French energy giant TotalEnergies SE as an early mover, capitalizing on heavily discounted Persian Gulf crude priced at $50 to $60 a barrel and moving it through the highly contested Strait of Hormuz. CEO Patrick Pouyanné revealed at the Norwegian energy conference on Monday that transiting the waterway now costs roughly $20 million per supertanker. Bloomberg earlier quoted Pouyanné as saying that the added cost of moving crude on supertankers through the Hormuz...

DoorDash Wins Federal Approval To Fly Its Own Delivery Drones Via American Greatness, DoorDash has cleared a major federal hurdle in its push to put drones, not just drivers, in charge of getting dinner to your door. The San Francisco-based delivery company announced July 29 that it received Federal Aviation Administration Part 135 air carrier certification, the same category of authorization commercial airlines must hold to legally transport other people’s property for pay. The certificate makes DoorDash the eighth drone operator to earn the designation and clears the way for its new in-house...