On Oil, Financials & Quantum IPOs

Oil industry assets are being destroyed left and right in Russia and the Middle East, the casualties of two ongoing wars. As a result, the world is using more oil than it’s producing, and the Strategic Petroleum Reserve has been depleted to levels nearing the minimum needed for its pumps to work. Jackie examines associated ramifications, ironies, and the pipeline projects being undertaken as an alternative to shipping oil. … Also: Banks, brokers, and asset managers have been reporting stellar second quarters. … And: A look at the leap in quantum-computing-related IPOs—and US government initiatives to accelerate development of quantum technologies.