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Chevron processes first Venezuelan oil shipment since Maduro capture

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Venezuelan oil rerouted to Israel as US blockades Cuba

Chevron’s flagship Gulf Coast refinery is processing its first Venezuelan oil shipment since the U.S. capture of Nicolás Maduro in Caracas last month, turning heavy, tar-like crude into gasoline, diesel and jet fuel for American consumers.

“We’ve been [in Venezuela] for a long time, and it looks like things are starting to go better for both the Venezuelan people and I would say for the American people too, because what’s going to happen is the more that oil that flows to a place like Pascagoula or some of the other refineries here, it drives down the cost,” Andy Walz, President of Downstream, Midstream & Chemicals at Chevron, told FOX Business in an exclusive interview Thursday. 

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“That oil is going to be cheaper, it’s closer, and it’s going to help these refineries run the way they were designed, so I think it’s a really good thing.”

Walz’s comments were among the first public acknowledgments by Chevron of processing Venezuelan crude in U.S. refineries under the company’s renewed sanctioned operations.

AMERICAN ENERGY DOMINANCE GIVES US THE POWER TO FEND OFF ENEMIES AND RESCUE VENEZUELA

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Oil pumpjack in Venezuela

A Petroleos de Venezuela SA (PDVSA) oil pumpjack on Lake Maracaibo in Cabimas, Zulia state, Venezuela on Nov. 17, 2023. (Gabby Oraa/Bloomberg/Getty Images / Getty Images)

FOX Business was granted exclusive access inside Chevron’s facility in Pascagoula, Mississippi on Thursday, where correspondent Lauren Simonetti reported near distillation units processing Venezuelan oil that arrived weeks ago. 

FOX Business was granted access to Chevron’s Pascagoula, Mississippi, facility Thursday, where correspondent Lauren Simonetti reported near distillation units processing Venezuelan crude that arrived in recent weeks.

The refinery currently processes about 50,000 barrels per day of Venezuelan crude, and Chevron has indicated it could take on another 100,000 barrels per day across its U.S. system as additional shipments arrive.

Chevron’s Pascagoula refinery is among a limited number of U.S. Gulf Coast facilities configured to process heavy sour crude like Venezuela’s, alongside complex refineries in New Orleans, Lake Charles, Port Arthur, Houston and Corpus Christi.

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VENEZUELA RELEASES ALL KNOWN AMERICAN DETAINEES FOLLOWING MADURO CAPTURE AND GOVERNMENT TAKEOVER

Chevron's Pascagoula, Mississippi refinery

The Pascagoula Chevron Refinery.  (Brooks Kraft LLC/Corbis via Getty Images / Getty Images)

The refinery also has the advantage of bringing Venezuelan oil directly into its harbor, eliminating the need to offload to smaller ships or rely on offshore pipelines.

“It’s a pretty efficient system,” Walz said, pointing to a large ship in the background.

“This refinery runs 300,000 [total] barrels a day, so you’ve got to have ships showing up here all the time, and it’s really convenient to have it close, but it’s also important, and it’s a better way to run your operation.”

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Chevron CEO Mike Wirth recently told FOX Business that the company is expanding its Venezuelan operations, highlighting its long-standing presence and growth in output under its current sanctioned authorization.

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“We’ve been there for most of the last 100 years. We’ve got an important partner in the development and growth of Venezuela. We’re being repaid debt that we’re owed, and others that have left have had more difficulty with that,” Wirth said. 

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“We’ve grown our production over the last couple of years from 50,000 barrels a day to 250,000, so five-fold. And over the next 18 to 24 months, we see the potential to grow by another 50%.”

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Nashville suburb sees growth from manufacturing, affordable housing market

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Nashville suburb sees growth from manufacturing, affordable housing market

A suburb near Nashville, Tennessee, is in the midst of a boom amid an influx of higher-paying tech and trade jobs.

report by Realtor.com found that Clarksville, located about 45 minutes outside of Nashville, is drawing in residents in part because of several manufacturing firms setting up shop in the area and lower housing prices.

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The median listing price for a house in Clarksville is $357,950, whereas the median list price in Nashville is $527,225 – which represents a potential savings of about 32.1%.

Housing demand is expected to remain strong in the area. Realtor’s report noted that T.RAD, an auto parts manufacturer headquartered in Japan, opted to build a new plant in the area while Korea Zinc is expanding its footprint there as well.

THE US HOUSING MARKETS THAT ARE SEEING THE LARGEST DROPS IN RENT PRICES

Clarksville, Tennessee buildings.

Clarksville is a city in Montgomery County, Tennessee. (iStock)

T.RAD’s Clarksville manufacturing facility is the first location in Tennessee for the company’s North American division. It plans to invest $90.2 million in a manufacturing facility that’s projected to create 928 jobs in the next few years.

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Korea Zinc currently has about 300 existing jobs in the area and is also expanding with at least 420 direct positions, while also supporting additional jobs through suppliers and other economic activity. 

Workers filling the new roles are expected to earn income in a range between $86,000 and nearly $200,000 a year, according to the report.

RENO SURPASSES LAS VEGAS AS TOP DESTINATION FOR CALIFORNIA HOMEBUYERS SEEKING AFFORDABILITY

Fort Campbell sign in Clarksville, Tennessee

The U.S. military is a leading employer in the area near Clarksville because of its proximity to Fort Campbell. (Luke Sharrett/Getty Images)

The U.S. Army’s Fort Campbell is also one of the top employers in the area, which is also home to Austin Peay State University.

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“Bringing more jobs to a smaller area can be great for the local housing market, if inventory is able to keep up with demand,” said Hannah Jones, senior economic research analyst at Realtor.com. 

“The data suggests that a pickup in demand resulted in significant home price growth over the last six years. However, prices have leveled out in the last year and time on market has grown, suggesting the market is rebalancing,” Jones added.

AMERICA’S 10 MOST EXPENSIVE ZIP CODES REVEALED

Nashville skyline

Clarksville is a suburb of Nashville, Tennessee. (Carol M. Highsmith/Buyenlarge/Getty Images)

Clarksville is the fifth-largest city in Tennessee in terms of population, and has seen an uptick in new home construction in the last few years.

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“In terms of single-family home sales, in 2025 about 85% were existing homes, roughly on par with the pre-pandemic norm,” Jones said. 

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“Nevertheless, the new construction share of sales grew almost 6 percentage points in 2025 compared to 2024, suggesting that more buyers are opting for new construction compared to the last three years, though the share is below the pandemic era norm,” she added.

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IndiGo names former British Airways chief Willie Walsh as CEO

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IndiGo names former British Airways chief Willie Walsh as CEO

The announcement comes days after former CEO Pieter Elbers quit in the backdrop of a flight cancellation crisis.

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The Marzetti Co. debuts protein ranch

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The Marzetti Co. debuts protein ranch

The ranch is available as a dressing and as a dip. 

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Cal-Maine Foods, Inc. (CALM) Q3 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Q3: 2026-04-01 Earnings Summary

EPS of $1.06 beats by $0.28

 | Revenue of $666.95M (-52.95% Y/Y) beats by $24.47M

Cal-Maine Foods, Inc. (CALM) Q3 2026 Earnings Call April 1, 2026 9:00 AM EDT

Company Participants

Sherman Miller – CEO, President & Director
Max Bowman – VP, CFO, Treasurer, Secretary & Director

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Conference Call Participants

Heather Jones – Heather Jones Research LLC
Pooran Sharma – Stephens Inc., Research Division
Leah Jordan – Goldman Sachs Group, Inc., Research Division
Benjamin Mayhew – BMO Capital Markets Equity Research
Benjamin Klieve – The Benchmark Company, LLC, Research Division

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Presentation

Operator

Good morning, everyone, and welcome to the Cal-Maine Foods Third Quarter Fiscal 2026 Earnings Conference Call. [Operator Instructions]. Please note this call is being recorded. I will now turn the call over to Sherman Miller, President and Chief Executive Officer of Cal-Maine Foods. Please go ahead.

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Sherman Miller
CEO, President & Director

Good morning. Thank you for joining us today. I want to remind everyone that today’s remarks may include forward-looking statements. These are based on management’s current expectations and are subject to risks and uncertainties described in our SEC filings. Let me start by sincerely thanking our teams across the organization whose execution, focus and commitment to excellence drive the operational and financial performance that underpins everything we do.

The hard work and dedication continue to set us apart, and these results are a direct reflection of their efforts. In February, we shared the sad news of the passing of long-time Board member, Jim Poole. Over more than 2 decades, Jim made a lasting impact on the company, and we extend our heartfelt condolences to his family and loved ones.

Today, we announced the appointment of Dudley Wooley to the Board to fill the vacancy left by Jim. Dudley brings deep expertise in risk management and governance, along with a strong track record of leading growth-oriented organizations and driving operational performance.

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We look forward to

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St George signs MOU with Boston Metal

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St George signs MOU with Boston Metal

Shares in St George rose by 9 per cent early on Wednesday, on the back of two big days for the West Perth-based midcap.

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Movado Group extends Calvin Klein license agreement through 2029

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Movado Group extends Calvin Klein license agreement through 2029

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Thousands lose their jobs in deep cuts at tech giant Oracle

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Thousands lose their jobs in deep cuts at tech giant Oracle

It is thought that thousands of people may have lost their jobs at Oracle, one of the world’s largest tech companies.

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FAA investigates Delta flight that radioed wrong NYC tower upon approach

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FAA investigates Delta flight that radioed wrong NYC tower upon approach

Pilots of a Delta flight contacted the wrong control tower during a landing attempt in New York City earlier this month in an alarming mix-up captured in newly surfaced flight audio.

The incident occurred March 15, when Delta Air Lines flight 5752, operated by Republic Airways, was flying from Washington Reagan National Airport in D.C. to LaGuardia Airport in Queens. 

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Instead of reaching LaGuardia, the pilots appeared to radio the John F. Kennedy tower about 10 miles away, according to audio published on LiveATC over the weekend.

The baffling error prompted a go-around before the flight ultimately landed safely, the Federal Aviation Administration (FAA) told FOX Business Wednesday.

SOUTHWEST PILOT ABORTS HOLLYWOOD BURBANK LANDING BECAUSE RUNWAY ‘WASN’T QUITE CLEAR’: REPORT

Delta Air Lines plane

A Delta Air Lines Boeing 767 plane bound for New York’s John F. Kennedy International Airport takes off April 5, 2025. (Omar Havana/Getty Images / Getty Images)

According to the transmission, multiple control towers and pilots from other flights could be heard on the feed, with one pilot reacting in stunned disbelief as the mix-up came to light.

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The exchange began when the pilots identified themselves and requested clearance to land, prompting an air traffic controller to respond in apparent confusion.

“That’s … uh … Who?” the JFK tower controller asked. “I’m sorry, where are you?”

DELTA PILOT TELLS CONTROL TOWER ‘WE LOST LEFT ENGINE’ AS FLIGHT IGNITES RUNWAY FIRE

LaGuardia Airport

Delta Air Lines flight 5752 contacted the wrong air traffic control tower while en route to LaGuardia Airport. (Getty Images)

“2-mile final, Brickyard 5752,” the pilot confirmed.

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“2-mile final where?” the controller pressed, to which the pilot answered, “Runway 4.”

“At LaGuardia?” the controller asked.

“Yes, ma’am,” the pilot responded.

“This is Kennedy Tower, please go to LaGuardia Tower,” the controller quickly instructed.

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“Oh my goodness. All right,” the pilot answered.

UNITED JET DODGES BLACK HAWK IN LAST-SECOND MANEUVER OVER CALIFORNIA AIRPORT: ‘THAT WAS NOT GOOD’

An airplane is seen flying behind a control tower at Reagan National Airport

An airplane takes off near the control tower at Reagan National Airport in Arlington, Va., Oct. 8, 2025.  (Brendan Smialowski/AFP/Getty Images / Getty Images)

Another unknown individual, who heard the interaction in the feed, reacted in disbelief, saying, “That’s crazy.”

The pilots then contacted the correct tower, announcing, “We’re going around.”

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The FAA confirmed the slip-up to FOX Business Wednesday, explaining the flight began a go-around, which aborts the landing approach and returns the aircraft to a safe altitude for another attempt.

“The flight crew of Delta Air Lines Flight 5752 performed a go-around on approach to LaGuardia Airport after incorrectly establishing communication with the John F. Kennedy air traffic control tower,” the FAA said. 

“Air traffic control instructed the flight crew to switch to the correct frequency. No other aircraft were involved.”

Ticker Security Last Change Change %
DAL DELTA AIR LINES INC. 67.60 +1.12 +1.68%

According to FlightAware, the jet arrived roughly 25 minutes behind schedule.

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The FAA said the agency is investigating the event.

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Delta Air Lines confirmed to the New York Post that its flight crew was not on board the aircraft, which was operated by Republic Airways, according to FlightAware.

FOX Business reached out to Republic Airways for more information. 

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Tiger Woods won’t captain 2027 Ryder Cup team, golf future remains uncertain

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Tiger Woods won't captain 2027 Ryder Cup team, golf future remains uncertain

Tiger Woods of Jupiter Links Golf Club looks on before the match against the Los Angeles Golf Club at SoFi Center in Palm Beach Gardens, Florida, March 24, 2026.

Adam Glanzman | TGL Golf | Getty Images

Tiger Woods’ future in professional golf remains unclear as he seeks treatment after a rollover car crash last week.

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Woods was arrested for a DUI after the accident in Jupiter Island, Florida, his second rollover in five years, and said in a statement on X that he would be stepping back from golf “to return to a healthier stronger, and more focused place.”

Woods did not provide a timeline for his return, only that he would be stepping away for a “period of time.”

On Wednesday, the PGA of America announced that Woods will no longer serve as captain of the 2027 U.S. Ryder Cup Team.

“We support his decision,” the PGA of America said in a statement on X. “We commend Tiger for prioritizing his long-term health and deeply respect the courage it takes to make such a personal decision.”

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The latest developments leave Woods at least temporarily at the fringes of the sport that made him a household name. The golf community has rallied around the sport’s biggest star as he vows to “focus on his health,” and the PGA Tour said in a statement that Woods has the organization’s full support.

“Tiger Woods is a legend of our sport whose impact extends far beyond his achievements on the course. But above all else, Tiger is a person, and our focus is on his health and well‑being,” the tour said.

Off the course, Woods has been serving as chairman of the PGA Tour’s Future Competition Committee since August. That group has been responsible for creating a vision for the future of professional golf.

A PGA Tour spokesperson said that Woods will return to that role when he is ready to do so.

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Golf Channel analyst and former tour pro Brandel Chamblee suggested it could be time for Woods to consider retirement following his latest accident. Woods, 50, has been recovering from various injuries sustained in his car crash in 2021.

“Why would he need to play golf anymore?” Chamblee asked Friday on the Golf Channel’s “Golf Central.” “I think he should probably ask himself that. Consider not playing golf anymore.”

Until Friday’s accident, Woods held onto hope that he would compete in the upcoming Masters Tournament this month.

Augusta National Golf Club Chairman Fred Ridley confirmed this week that Woods would not play.

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“Although Tiger will not be joining us in person next week, his presence will be felt here in Augusta,” Ridley said. “Augusta National Golf Club and the Masters Tournament fully support Tiger Woods as he focuses on his well-being.”

TGR, Woods’ education foundation, said it remains committed to serving its students and communities.

“Our thoughts are with our founder as he takes the time needed to focus on his health,” its CEO Hrag Hamalian said in a statement.

Woods’ apparel brand, Sun Day Red, also voiced its support this week.

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“He is not just our partner, he is our friend. We are here for him and we remain focused on the work we are building together,” the company said in a post on the Meta-owned Threads platform.

TGL, the indoor golf league founded by Woods and Rory McIlroy, declined to comment about Woods’ hiatus and potential return.

Woods made his first TGL playing appearance of the season for the Jupiter Links team last week in front of a notable audience. ESPN said nearly 1 million viewers tuned in to watch Woods’ return, making it the largest audience this season.

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Black Hawk Acquisition receives Nasdaq notice for market value non-compliance

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Black Hawk Acquisition receives Nasdaq notice for market value non-compliance

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