For Thursday, September 3rd, 2026
>>Wall Street Closes With Stocks Higher
(New York, NY) -- Wall Street closed with stocks higher Wednesday. It comes as oil prices have been seeing an uptick amid renewed tensions between the U.S. and Iran. West Texas Intermediate crude futures were trading above 91-dollars per barrel, while Brent crude futures were trading above 95-dollars a barrel. Elsewhere, the benchmark U.S. ten-year Treasury note yield hit around four-point-eight-percent on Wednesday. At the closing bell, the Dow Jones Industrial Average added 295 points to 53-061. The S&P 500 gained 35 points to 76-66. The Nasdaq rose 118 points to 26-217.
>>ADP: Private Sector Job Grows Slows
(Roseland, NJ) -- Private companies added fewer-than-expected jobs in August, according to payroll processor ADP. Numbers out Wednesday show 38-thousand jobs were added, below the 47-thousand markets predicted. It was the smallest gain since January and down from an upwardly revised 46-thousand in July. Most of the new jobs were in healthcare, while manufacturing lost 17-thousand jobs.
>>Chevron To Double Oil Production In Venezuela
(Houston, TX) -- The only U.S. oil company operating in Venezuela says it plans to double its oil production in the country over the next five years. Chevron confirmed on Wednesday that it plans to invest another seven-billion dollars in Venezuela, increasing it's oil production to about 600-thousand barrels a day. The news comes after President Trump announced a deal last week to create a business partnership that would control Venezuelan oil fields containing about 65-billion barrels of petroleum. Chevron CEO Mike Wirth said, "we are strengthening a portfolio that we believe can deliver attractive low-cost oil growth" and support the U.S. energy supply.
>>Trump Warns Oil Execs About Price Gouging
(Washington, DC) -- President Trump says he warned oil executives about price gouging as gas prices continue to rise. Speaking to reporters in the Oval Office Wednesday, Trump said he warned retailers in a meeting earlier this week, and told them he wants the retail prices to come down. According to Triple-A, the average price for a gallon of regular gas nationwide is four-12, nearly a dollar more than one year ago. The price rise has been in effect since the start of the Iran war.
>>California-Based Uber Laying Off 10% of Corporate Workforce
(San Francisco, CA) -- California-based Uber is laying off ten percent of its global workforce. It amounts to about 33-hundred employees. The layoffs do not include drivers and couriers who use the Uber platform. Uber says the move will make the company "simpler and faster" and allow it to invest in growth opportunities. It also says the cuts will help it consolidate management layers and trim costs, and are not related to AI. About 14-thousand-600 of Uber's global workforce is based in the U.S. Most work at its headquarters and offices in San Francisco and Sunnyvale.
>>Trump Admin Backs OpenAI In NYT Lawsuit
(Washington, DC) -- The Trump administration is backing OpenAI in a lawsuit brought by the New York Times over fair use of the news outlet's content. The Times sued OpenAI in 2023 over the artificial intelligence platform's use of its journalism to train its systems and chatbots. In a new filing, the White House signaled support for OpenAI, saying that having a "robust" AI ecosystem is essential for national security and other government priorities. The Trump administration argued that OpenAI should be able to use copyrighted content to advance its technology.
>>Pizza Hut Sale Completed
(Louisville, KY) -- The one-and-a-half-billion-dollar sale of Pizza Hut is now complete. Kentucky-based Yum! Brands announced earlier in the summer that the pizza chain was being sold to the private equity firm LongRange Capital. This comes after Yum! said last year that it was looking at options for the struggling pizza chain. In a separate transaction, Pizza Hut's mainland China locations have been sold to Yum China for one-point-two-billion dollars. Pizza Hut was founded in 1958 in Wichita, Kansas and has almost 20-thousand locations around the world.
