03:19 PM EDT, 10/08/2025 (MT Newswires) -- Consumer stocks were mixed late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.3%. In corporate news, Paramount Skydance ( PSKY ) Chief Executive David Ellison is in talks with private equity firms to explore a potential acquisition...

HOUSTON (Reuters) -Chevron ( CVX ) CEO Mike Wirth told employees on Wednesday that he believes the company will outperform publicly-stated financial targets given to investors following the acquisition of smaller oil producer Hess. Upon closing the $55-billion purchase of Hess in July, Chevron ( CVX ) said it expected $1 billion in synergies and raised free cash flow guidance...

02:36 PM EDT, 10/08/2025 (MT Newswires) -- Western Alliance Bancorp ( WAL ) shares were down nearly 4% after Bloomberg reported Wednesday that the bank is potentially exposed to losses tied to the failure of autoparts supplier First Brands Group through a leveraged financing deal with a fund connected to Jefferies Financial Group ( JEF ) . Jefferies Financial (...

HOUSTON, Oct 8 (Reuters) - Chevron ( CVX ) CEO Mike Wirth told employees on Wednesday that he believes the company will outperform publicly-stated financial targets given to investors following the acquisition of smaller oil producer Hess. Upon closing the $55-billion purchase of Hess in July, Chevron ( CVX ) said it expected $1 billion in synergies and raised free...