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Alaska’s Oil Revival Sparks a New Energy Rush Into the Arctic
Bloomberg79d agoneutral
Alaska’s Oil Revival Sparks a New Energy Rush Into the Arctic

(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

Alaska's oil revival sparks a new energy rush into the Arctic
Bloomberg79d agoneutral
Alaska's oil revival sparks a new energy rush into the Arctic

(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

Alaska’s Oil Revival Sparks a New Energy Rush Into the Arctic
Bloomberg79d agoneutral
Alaska’s Oil Revival Sparks a New Energy Rush Into the Arctic

(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

Trump Says 'I Want Kevin To Be Totally Independent,' But Prediction Markets Don't Believe In Cuts
Benzinga81d agobearish
Trump Says 'I Want Kevin To Be Totally Independent,' But Prediction Markets Don't Believe In Cuts

President Donald Trump told the room he wants Kevin Warsh “totally independent” as he swore him in as Federal Reserve chairman Friday, then spent the next hour arguing the economy can boom without inflation. The price data has other ideas. Annual inflation hit 3.8% in April, the highest since 2023, up from 2.4% before the war with Iran closed the Strait of Hormuz and sent energy prices climbing. Core inflation held at 2.8%, well above the Fed’s 2% target. Crude has stayed nearly 50% above pre-co

SpaceX IPO Could Mint Musk World’s First Trillionaire
The Wall Street Journal83d agoneutral
SpaceX IPO Could Mint Musk World’s First Trillionaire

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 $40,000 Tax Move That Comes After Your 401(k) Hits Its Limit
24/7 Wall St.86d agoneutral
The $40,000 Tax Move That Comes After Your 401(k) Hits Its Limit

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

Stocks Slide as Inflation Fears Lift Bond Yields
Barchart88d agoneutral
Stocks Slide as Inflation Fears Lift Bond Yields

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...

Texas Jury Clears Exxon Mobil in Investor Lawsuit Over Oil Sands and Gas Assets (XOM)
InvestorsHub89d agobearish
Texas Jury Clears Exxon Mobil in Investor Lawsuit Over Oil Sands and Gas Assets (XOM)

A Texas jury ruled on Wednesday that Exxon Mobil (NYSE:XOM) was not liable in a lawsuit accusing the energy giant of misleading investors through disclosures connected to its Canadian oil sands business and Rocky Mountain natural gas operations. Investors Failed to Prove Fraud ClaimsThe case, originally filed in 2016, alleged that Exxon hid losses tied to its Canadian bitumen assets, failed to properly reflect carbon-cost assumptions in reserve valuations, and postponed impairment charges relate

Exxon Mobil not liable to investors over Canadian oil sands, gas assets, jury says
Reuters89d agoneutral
Exxon Mobil not liable to investors over Canadian oil sands, gas assets, jury says

May 14 () - A Texas jury on Wednesday found Exxon ‌Mobil not liable on claims ‌it defrauded investors through disclosures tied to ​its Canadian oil sands and Rocky Mountain gas operations. • The 2016 lawsuit alleged Exxon concealed that its ‌Canadian bitumen ⁠operations were losing money, failed to properly incorporate carbon-cost ⁠assumptions into reserve valuations, and delayed recognizing impairment charges tied to ​Rocky Mountain ​dry gas ​assets.

Exxon Mobil not liable to investors over Canadian oil sands, gas assets, jury says
Reuters89d agoneutral
Exxon Mobil not liable to investors over Canadian oil sands, gas assets, jury says

May 14 () - A Texas jury on Wednesday found Exxon ‌Mobil not liable on claims ‌it defrauded investors through disclosures tied to ​its Canadian oil sands and Rocky Mountain gas operations. • The 2016 lawsuit alleged Exxon concealed that its ‌Canadian bitumen ⁠operations were losing money, failed to properly incorporate carbon-cost ⁠assumptions into reserve valuations, and delayed recognizing impairment charges tied to ​Rocky Mountain ​dry gas ​assets.

Could the Trump NACHO Trade Send Energy Stocks Through the Roof?
24/7 Wall St.89d agoneutral
Could the Trump NACHO Trade Send Energy Stocks Through the Roof?

First, there was the TACO trade (Trump Always Chickens Out) amid rising tariff fears in the months and quarters that followed Liberation Day. These days, there’s growing chatter about the so-called NACHO (Not a Chance Hormuz Opens) trade, which suggests the much-anticipated reopening of the Strait of Hormuz might not happen anytime soon. Indeed, reopening ... Could the Trump NACHO Trade Send Energy Stocks Through the Roof?

What Saudi Aramco’s CEO Just Said Has Huge Implications for the Trump Bull Market
24/7 Wall St.93d agoneutral
What Saudi Aramco’s CEO Just Said Has Huge Implications for the Trump Bull Market

The stock market keeps rolling along as if nothing can stop it. The S&P 500 recently hit another all-time high, unemployment remains low at 4.3%, and payroll growth has continued to beat expectations, according to the latest Bureau of Labor Statistics report. President Donald Trump has pointed to both as proof the economy remains on ... What Saudi Aramco’s CEO Just Said Has Huge Implications for the Trump Bull Market

Trump meets with Brazil's Lula to talk trade, extends EU tariff deadline
Yahoo Finance Video96d agoneutralVIDEO
Trump meets with Brazil's Lula to talk trade, extends EU tariff deadline

President Trump met with Brazilian President Luiz Inácio Lula da Silva on Thursday, while the administration extended its trade deadline with the European Union (EU) to July 4. Yahoo Finance Washington Correspondent Ben Werschkul speaks more about what this meeting could mean for US-Brazil relations and the latest news about Trump's 25% tariffs against EU cars.

Shell Earnings Surge on Trading Boom. The Stock Is Falling.
Barrons.com97d agoneutral
Shell Earnings Surge on Trading Boom. The Stock Is Falling.

Shell reported surging earnings as the Iran war brought a trading windfall. Shell’s first-quarter adjusted earnings rose to $6.92 billion from the $3.26 billion it reported in the prior quarter. Shell’s American depositary receipts were down 1.9% in premarket trading.

Bloomberg97d agoneutral
Shell Profit Climbs as Iran War Boosts Oil Price, Trading

(Bloomberg) -- Shell Plc reported stronger-than-expected first-quarter earnings as the Iran war boosted trading profits and drove up energy prices, helping it to overcome a drop in oil and gas production from the conflict. Most Read from BloombergUS Has Opened a Passage Through Hormuz, Central Command SaysDOJ Plans Intervention in Trump Supreme Court Carroll AppealUS Says Offensive Phase of Iran War Over as Ship Hit in StraitSony to Pay Almost $4 Billion for Bieber, Neil Young CatalogUS, Iran We