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Chevron raises quarterly dividend by 5 cents

Chevron Corp on Wednesday raised its quarterly dividend by 5 cents to $1.34 per share as prices for oil and gas tick up on the back of vaccine rollouts and increased travel demand.

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Dow drops 1% after hawkish Bullard remarks

The Dow fell 1% on Friday after Federal Reserve official James Bullard said inflation was stronger than anticipated and it would take the central bank several meetings to figure out how to pare back stimulus.