Saudi Aramco profits soar in second quarter as Iran war squeezes oil supply
The results come as oil supermajors have reported blowout quarterly profits, benefitting from higher fossil fuel prices amid the Iran war.

The results come as oil supermajors have reported blowout quarterly profits, benefitting from higher fossil fuel prices amid the Iran war.
Grab reported second-quarter results on Tuesday and raised its full-year outlook.
Palantir's second-quarter earnings beat expectations, and the AI software company lifted revenue guidance.
From a surprise yuan devaluation in 2015 to crackdowns in recent years, many of Beijing's policy moves appear abrupt to outsiders.
Snap beat analysts' estimates across the board in its second-quarter earnings report.
Twenty five states sued the Trump administration, arguing its latest global tariffs unlawfully replace duties already struck down by courts.
Indian government plans to raise up to $3.3 billion by selling its stake in the country's top life insurance company.
Sony and Marvel's "Spider-Man: Brand New Day" set the record for the highest domestic opening weekend of all time with $360 million in ticket sales.
Electric low-speed vehicles, or LSVs, are a step above a traditional golf cart but below a typical light-duty car or truck sold in the U.S.
Treasury Secretary Scott Bessent wants to defend the yen without selling Treasurys into a sensitive U.S. bond market. The Federal Reserve could help.
If you were to strip out Big Tech's investment gains from private AI companies, the earnings story is a lot less bullish.
Two weeks after Tesla's earnings report was panned by Wall Street, Elon Musk faces investors again, but this time to discuss SpaceX's results.
Hugging Face CEO Clément Delangue said Chinese AI models could catch up to the U.S. as soon as this year.
Washington's decision to join Japan in supporting the battered yen has prompted questions over what motivated the rare coordinated intervention.
Cramer said Amazon CEO Andy Jassy finally explained how Amazon's massive AI spending will generate long-term returns.
Trump on Truth Social accused Iran's leaders of lying about peace talks, which he said are underway "whether Iran wants to admit it or not."
Shares of Amazon hit a new all-time high Monday, putting its market cap over $3 trillion.
Larry Berg will take over as MLS commissioner from Don Garber next year. He will sell his stake in Los Angeles FC.
U.S. crude oil prices have gained about 20% since the U.S. and Israel attacked Iran on Feb. 28.
China’s domestic tourism is underperforming, with hotel revenues falling as soft demand pressures room rates.
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
President Donald Trump said Jeanine Pirro, the U.S. attorney for the District of Columbia, "choked" and "folded like an umbrella" in the Reflecting Pool case.
Hopes are running high that high-profile software provider Palantir can shake off its nine-month bear market and rally after earnings.