President Trump announced his decision to revoke a Biden-era policy allowing increased oil production in Venezuela, affecting Chevron, who operates there. The Treasury Department had granted Chevron permission to expand operations in Venezuela in November 2022, with the license up for renewal on March 1. The move is seen as a response to Venezuela’s failure to repatriate criminals and has drawn criticism from the country’s vice president, warning of negative consequences for both nations.
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Why Marvell Technology Fell Nearly 30% in the First Half of 2025
Shares of Marvell Technology (NASDAQ: MRVL) dropped 29.9% in the first half of 2025, attributed to a high starting valuation of 70 times 2025 earnings estimates rather than negative news. While the company is expected to capture custom AI XPU chip market share, strong competition has hindered recovery seen by other AI chipmakers in May and June. Explain It To Me Like I'm 5: Marvell Technology's stock price dropped a lot in the first half...
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