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Chevron Posts $8.3 Billion Q2 Loss on Writedowns, Job Cuts

Chevron wrote down its oil and gas production properties by $5.6 billion, including its entire investment in crisis-ravaged Venezuela.

Upmarket department store chain Selfridges is cutting 450 workers, 14% of its workforce.

Oil producers in the U.S. have boosted volumes, after curbing shale well output in the spring when prices collapsed.

The company behind the first bag-less vacuum cleaner said 600 of the cuts would be in the UK.

In cities including New York, San Francisco and Seattle the high cost of living led to higher wages. Remote work might change that.

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