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Net profit up but revenue down for China’s Sinopec as diesel demand falls

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China Petroleum & Chemical Corp. reported a rise in its first-half net profit but lower revenue due to a decline in demand for diesel.

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U.S. budget deficit in fiscal 2024 swells to third-highest level on record

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The federal budget deficit for fiscal 2024 was $1.8 trillion, up 8% from a year ago, as the government’s spending continued to swamp revenue.

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‘I retired earlier than planned’: I’m 69 and will have $6,000 a month in retirement income. The bulk of my $3.6 million is equities. Is that OK?

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“I don’t expect equities to do as well over the next decade as they have in the past, but I still think they will outperform other options.”

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How the CEO of this upstart Nvidia rival hopes to seize on the lucrative market for AI chips

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Andrew Feldman leads Cerebras Systems, a company whose eventual IPO could pave the way for more AI chip companies to go public

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