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📈 Follow our live markets data and coverage. Let’s face it: No one knows what will happen next with the Strait of Hormuz. A single social-media post or Iranian drone could send oil prices plunging or surging before the digital ink is dry on this newsletter.
The sprawling Rosenthal clan is meeting this weekend to reconnect and empower future generations with family wisdom on finding success.
Investing.com -- A tentative U.S.-Iran agreement could provide near-term support for equities and reduce pressure on oil prices and bond yields, according to BCA Research.
So far this year, prison operators Geo Group and CoreCivic are outperforming tech and energy giants alike.
The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +1.08%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +2.48%. September E-mini S&P futures (ESU26 ) rose +1.15%, and September E-mini Nasdaq futures...
Exxon Mobil (XOM) stock hasn’t been moving as much, considering the loud warnings from the oil market. The Guardian reports that Brent crude has been dropping fast as traders price in a reduction in Strait of Hormuz risks, and investors have reason to be cautious. Exxon dropped 6.52% over the ...
(Bloomberg) -- Woodside Energy Group said it was not in discussions with Exxon Mobil Corp. over a potential takeover, while an analyst said any deal would likely face regulatory hurdles if it came to fruition.Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsIran Signals No Deal Will Be Signed by Trump’s Sunday TimelineWhy Musk Raced to Take SpaceX Public in the World’s Biggest IPOIran Pushes Differ
While you might want to ignore all the hubbub around SpaceX, Elon Musk and IPOs, your 401(k) likely can't. SpaceX is now worth $2.1 trillion after its stock launched 19.2% higher in its debut on Wall Street.
The driven, unrelenting oil executive remade Exxon into a colossus that for a time was the world’s biggest and most profitable company.
May jobs data beat expectations, boosting prospects for leisure, healthcare and energy stocks. These sector ETFs and stocks could benefit most.
Oil futures spent much of the spring moving sideways while something very different was happening in the physical market. Inventories were disappearing. Strategic reserves were being spent. Tankers that had been at sea when the Iran war began were arriving and emptying out. The buffers that had ...
During an interview with CNBC, Hassett said that the second consecutive month of over 170,000 nonfarm jobs additions shows that President Donald Trump’s supply-side policies are working well.
Stop us if you’ve heard this one before: The White House is close to a deal with Iran to open the Strait of Hormuz. Executives from Exxon Mobil and Chevron as well as a major oil-trading firm have warned recently that inventories of oil and refined products are going to get critical in the next several weeks. Globally, though, the oil market is like a leaky bucket that’s having some water poured in at the top.
<body><p>STORY: Wall Street's main indexes tumbled on Wednesday, with the Dow losing about 1.2%, the S&P 500 shedding about three-quarters of a percent and the Nasdaq falling roughly nine-tenths of a percent.</p><p>Flaring tensions in the Middle East and rising crude prices stoked inflation jitters and convinced investors to take some profits.</p><p>Energy stocks, buoyed by oil prices, enjoyed the largest percentage gains, with Exxon Mobil and Chevron both closing higher. </p><p>Meanwhile, six of the Magnificent Seven group of megacap tech stocks ended lower, with Meta the only exception.</p><p>Liz Miller is founder and president of Summit Place Financial Advisors.</p><p>"I more and more just keep seeing this market as a ping pong. One day we've got the momentum leading tech stocks up and then that drives all the indices up. And the next day we've got sort of the second tier undervalued companies up and the index is down. [FLASH] Today's again, one of those days where we're seeing energy with the most strength. We're seeing some of the consumer come through, some of the industrial, but techs are marginally down. And that's what I mean when I think about this market as a ping pong market, because these are high quality companies, they're large cap, they would be top tier fundamentally, but they haven't really participated as much in the index strength."</p><p>Among individual movers, shares of GameStop jumped 6% after the original meme stock posted a rise in quarterly revenue and unveiled a $2 billion share buyback program.</p><p>Shares of Crowdstrike, down nearly 3% at the close, dropped about another 10% in extended trading after the cyber security company reported a 15% jump in its first-quarter operating expenses as it ramps up investments in AI and product development.</p><p>And shares of Broadcom fell more than 6% in extended trading despite the company forecasting third-quarter revenue above Wall Street expectations, betting on robust demand for its custom AI chips and networking gear.</p></body>
For most of last week, oil was sliding down and energy stocks followed in the same direction. Traders had bet a U.S.-Iran deal would calm the region and reopen shipping lanes, so crude price fell lower for days, and Exxon Mobil (XOM) fell with it, closing red for seven straight sessions. Then one ...
The U.S. oil giant is in talks to resume pumping oil in the Latin American country after a 19-year exile, but plenty of hurdles remain.
Exxon Mobil won shareholder approval Wednesday to move its legal home to Texas after CEO Darren Woods pitched the state as one with lawmakers, judges and juries that better understand the oil business. “The board believes that kind of familiarity will lead to more reasonable, productive decisions from Texas officials and citizens, which is critical for the long-term success of the company,” Woods told investors. At Exxon’s annual meeting, shareholders voted 71.3% in favor of the resolution to reincorporate in Texas.
On a recent episode of The Real Eisman Playbook, Bernstein Research senior energy analyst Bob Brackett made a claim that should change how income investors look at the oil majors. “Don’t compare the yields you get from a commodity company to government yields. Compare them to TIPS. These are inflation protected,” he told host Steve ... Energy Stocks Are Secretly Better Than Treasuries. Here’s Why Bob Brackett Is Loading Up on Exxon and Chevron.
(Bloomberg) -- Former BP Plc Chairman Albert Manifold pushed back against what he described as a “false narrative” surrounding his surprise departure from the British supermajor. Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarPutin Signs Law on Use of Army to Aid Russians Detained AbroadRussia Tells US to Evacuate Its Diplomats and Citizens From KyivUS Strikes Targets in Iran Even as Trump Hails Progress on DealThese AI Gurus Are Charging Wall Street Bank
(Bloomberg) -- When John Kurz left Alaska’s North Slope in 2009, he was staring at a grim future for what had once been the country’s premiere oil field. Most Read from BloombergNvidia CEO Urges Super Micro to Tighten Up on ComplianceTrump Says He’ll Announce Negotiated Deal With Iran ShortlyRubio Sees Good News Coming on Hormuz as Iran Talks ContinueIran, US Signal Progress in Peace Talks as Issues UnresolvedTrump Doctor Visit Renews Health Scrutiny as 80th Birthday NearsCrude production had pl
(Bloomberg) -- When John Kurz left Alaska's North Slope in 2009, he was staring at a grim future for what had once been the country's premiere oil field. Most Read from BloombergNvidia CEO Urges Super Micro to Tighten Up on ComplianceTrump Says He'll Announce Negotiated Deal With Iran ShortlyIran, US Signal Progress in Peace Talks as Issues UnresolvedRubio Sees Good News Coming on Hormuz as Iran Talks ContinueTrump to Force Foreigners Seeking Green Cards to Go Home FirstCrude production had plum
(Bloomberg) -- When John Kurz left Alaska’s North Slope in 2009, he was staring at a grim future for what had once been the country’s premiere oil field. Most Read from BloombergNvidia CEO Urges Super Micro to Tighten Up on ComplianceTrump Says He’ll Announce Negotiated Deal With Iran ShortlyIran, US Signal Progress in Peace Talks as Issues UnresolvedRubio Sees Good News Coming on Hormuz as Iran Talks ContinueTrump to Force Foreigners Seeking Green Cards to Go Home FirstCrude production had plum
Investing.com -- U.S. Secretary of State Marco Rubio arrived in India on Saturday on an official diplomatic mission to repair bilateral ties strained by trade tariffs and shifts in Washington’s regional foreign policy, Reuters reported.
The oil company claims Glass Lewis and ISS have little incentive to support proposals tied to Texas because of a continuing legal battle with state Attorney General Ken Paxton.
PBR's Q1 refining surged as utilization hit 95% and output rose 6.7%,.cutting imports and boosting diesel, gasoline and jet fuel mix.
Elon Musk could pass an unthinkable wealth threshold, becoming the world’s first trillionaire, depending on investors’ excitement for SpaceX shares when it goes public. If the company surpasses a valuation of about $1.7 trillion, then Musk’s slightly more than 40% stake, combined with his Tesla shares, would make him the first man with a net worth eclipsing 13 figures. The calculation omits restricted shares that SpaceX has granted to Musk, but which haven’t been earned, though it includes options he could exercise shortly.
The US did approve 10 Chinese firms as buyers for the H200, Nvidia’s second-most powerful AI chip, though no purchases have yet been made.
A 58-year-old engineer in Palo Alto, married filing jointly, earns $750,000 a year, has already stuffed $4 million into 401(k)s and IRAs, and parks another $1.2 million in a brokerage account that holds a single S&P 500 fund. The 401(k) is maxed. The mega backdoor Roth is maxed. The next tax dollar saved has to ... The $40,000 Tax Move That Comes After Your 401(k) Hits Its Limit
The S&P 500 Index ($SPX ) (SPY ) today is down -0.91%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.83%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.30%. June E-mini S&P futures (ESM26 ) are down -1.02%, and June E-mini Nasdaq futures...
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