Divesting: Chevron has agreed to sell 70% interest in its east Texas gas assets for $525 million, as part of the energy company’s strategy to optimize its portfolio. The stake will be sold to TG Natural Resources, a unit of Tokyo Gas and Castleton Commodities International, according to a statement late Monday. Read more from The Wall Street Journal.
Under one roof: U.S. families are increasingly buying homes to house members of multiple generations. A record 17% of home purchases last year were “multigenerational” properties, up from 11% in 2021 and the highest share in data going back to 2012, according to a report from the National Association of Realtors. Read more from Bloomberg. A subscription may be required.
Scope widening: White House aides have drafted a proposal to impose tariffs of around 20% on most U.S. imports, according to three people familiar with the matter, as President Donald Trump pushes for the most aggressive overhaul of the global economic system in decades. If implemented, the plan is likely to send shock waves through the stock market and global economy. Read more from The Washington Post.
