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Today's Insight
Your Brief Summary
In today’s Daily Brief, we'll be looking at oil giant Chevron, which just released its latest results.
"Chevron's annual profit hit a new record, but takings from last quarter came in well short of expectations – a sign that oil producers' cash surge is fading as fossil fuel prices retreat."
Key takeaways:
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Tesla’s price war in China isn’t working, while Micron predicted a brighter future but profit looks pretty gloomy in the meantime.
Goldman predicted that AI could affect 300 million jobs in the world’s biggest economies, while Alibaba announced that it’s splitting its empire six ways.
Saudi Aramco has made big waves in China’s oil sector, while shaky markets have given firms cold feet about going public.
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