NASCAR unveiled an all-electric SUV that has twice as much horsepower as any of their current gas guzzlers. NASCAR executives insist they have no plans to turn away from fuel-burning power any time soon. NASCAR introduced a broader initiative last year to reduce its overall net carbon emissions to zero by 2035.

Six Flags and Cedar Fair completed an $8 billion merger this week. The two companies operate 42 amusement and water parks across 17 states. Fans fear the parks could lose their nostalgic elements and become a sea of corporate sameness. The new company, Six Flags Entertainment Corp., does not anticipate making any major changes.

China's BYD will acquire a 20% stake in its local distributor Rever Automotive in Thailand. Thailand is BYD's largest market outside of China where it is an electric vehicle market leader. The Shenzhen-based automaker opened its first factory in Southeast Asia in Thailand this week.

China's BYD will acquire a 20% stake in its local distributor Rever Automotive in Thailand. Thailand is BYD's largest market outside of China where it is an electric vehicle market leader. The Shenzhen-based automaker opened its first factory in Southeast Asia in Thailand this week.

Walgreens is closing up to a quarter of its 8,600 stores within the United States. CEO Tim Wentworth said the closures would focus on locations that aren't profitable. It follows a declining trend of picking up prescriptions in person, with many people opting to fill their scripts online.

Pfizer, Ares Capital, and Bristol Myers Squibb are reasonably valued. There's a good chance that all three can meet their commitments and continue raising them for many years to come. At recent prices, Pfizer offers a juicy 6% yield, supported by profit from sales of innovative new drugs.

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U.S. chips industry expected face a shortage of 67,000 technicians, computer scientists and engineers by 2030. GlobalFoundries, the third-largest chipmaker globally, is casting a wide net to recruit talent. The company creates chips for everyday products from electronics and phones to autos, in addition to components for space and defense.

Jeff Bezos to sell 25 million Amazon shares valued at $4.93 billion. Bezos sold $8.5 billion in shares in February. Speculation could grow that Bezos is raising cash to make a push to own a National Football League team. Bezos was previously linked with making a bid for the Washington Commanders, a D.C.-based NFL team.

The company's shares slumped as much as 18%, the most intraday since May 15. The company has declined more than 50% this year amid a broader decline in the rooftop solar market. Ernst & Young notified the company June 27 it was resigning as SunPower’s independent accountant.

The US economy added 206,000 jobs in June, easing from a downwardly revised May tally of 215,000. The unemployment rate moved a little higher, up 0.1 percentage points to 4.1%. The growth was largely concentrated in two sectors: government and health care.

Nvidia Corp.’s breakneck rally since the start of last year has run out of room to push higher. New Street Research analyst Pierre Ferragu downgraded the AI-focused chipmaker to neutral from buy. Shares fell as much as 2% on Friday, compared with a gain of nearly 1% for the Nasdaq 100 Index.