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PG&E Falls on Liability Bill; Nvidia Rises on Chip Investment | Stock Movers
Bloomberg19d agobearishVIDEO
PG&E Falls on Liability Bill; Nvidia Rises on Chip Investment | Stock Movers

On this episode of Stock Movers: - PG&E (PGE) are extending their downward move as California legislators introduced a bill that would update the state's wildfire response without shifting liability away from publicly traded utilities. At least three research firms, including BMO Capital Markets and Wells Fargo, downgraded the stock. - Chevron (CVX) and ExxonMobil (XOM) shares are rising along with the price of oil. Washington and Tehran exchanged strikes for the first time in about a month, with US Central Command targeting rocket launchers preparing to send mines into the Strait of Hormuz. In response, the Islamic Revolutionary Guard Corps said that it had attacked US air bases in Jordan. - Nvidia (NVDA) shares are rising after the leader in AI chips dropped 4.6% Friday. It's the only stock rising in the Mag 7 on Monday.

World shares are mixed and oil prices surge after US strike on Iranian rocket launchers
Associated Press19d agobearish
World shares are mixed and oil prices surge after US strike on Iranian rocket launchers

Shares were mixed in Europe and Asia and U.S. futures declined Monday on expectations that the U.S. Federal Reserve may raise interest rates soon. Oil prices surged more than 3% after U.S. forces struck Iranian rocket launchers on the Strait of Hormuz, marking their first military action in a month. U.S. benchmark crude oil was trading 3.8% higher at $86.58 per barrel.

Chevron Corporation (CVX) Drops as Oil Price Retreats
Insider Monkey32d agobearish
Chevron Corporation (CVX) Drops as Oil Price Retreats

The London Company, an investment management company, released its second-quarter 2026 investor letter for its “The London Company Income Equity Strategy”. A copy of the letter can be downloaded here. U.S. equities rebounded in Q2, with the Russell 3000 rising 15.4% and the S&P 500 achieving its best quarter since 2020, driven by AI infrastructure spending […]

Data Center Gas Plants to Boost US Power Emissions by 20%
Bloomberg32d agobearish
Data Center Gas Plants to Boost US Power Emissions by 20%

Data center developers are turning to bespoke natural-gas power plants, a development that promises to dramatically increase carbon emissions and make it harder for US technology companies to meet their lofty climate goals.