Despite the tentative recovery of oil flows through the Strait of Hormuz and the first build-up in global stocks since the war began, this week’s re-escalation of the U.S.-Iran hostilities could flip the outlook for an oil market surplus for next year, the International Energy Agency said on Friday. Oil prices have plunged since the…
Every great economic era has been defined by a fight over a single resource. In the 19th century, it was coal, and the British Empire was built on top of it. In the 20th century, it was oil, and the modern Middle East and American postwar dominance were both shaped by who controlled the flow….
July 9 (Reuters) – OpenAI’s CEO of AGI deployment Fidji Simo said on Thursday she will step down from her full-time role and pivot to a part-time advisory position at the ChatGPT maker, following an extended medical leave for a neuroimmune condition. “Three months ago, I had to go on medical leave after a severe…
By Libby George LONDON, July 10 (Reuters) – Shifting geopolitical alliances are pushing sovereign wealth funds to place greater emphasis on strategic national priorities — from resilient infrastructure to key domestic industries — alongside investment returns, a study released on Friday showed. The study by Spain-based IE University found sovereign wealth funds managing more than…
Key Points Interested in WD-40 Company? Here are five stocks we like better. WD-40 posted strong Q3 results, with consolidated net sales up 24% year over year to $195.1 million and non-GAAP diluted EPS rising to $2.33 from $1.54. Operating income climbed 47%, showing significant operating leverage. Growth was broad-based across regions and product lines,…
While financial desks obsess over paper structures and Brent crude briefly flirted with contango, the broader market is missing the forest for the trees. Brent crude‘s recent rebound from $71 to $79 a barrel is not merely a brief short-covering bounce; it is the first tremor of an underlying structural deficit. The financial side of…
January 20, 2025. Donald Trump walks back into the White House. Bitcoin is touching $109,000. Gold is steady at $2,697 an ounce. And a meme coin bearing the president’s name is a few days old and trading around $35, already down sharply from its launch peak of $74. Six months on, those three assets have…
When the UAE said it was leaving OPEC so it could boost production as much as it wanted, it sparked speculation, yet again, that OPEC was falling apart. The peace deal between the United States and Iran was a done deal in the eyes of oil traders, and the race for market share was on….
By Michael S. Derby NEW YORK, July 9 (Reuters) – New York Federal Reserve President John Williams said on Thursday he did not expect a sustained rise in energy prices for the rest of the year despite the resumption of hostilities in the Middle East, and declined to say what decision he would make on…
Last week, Trump said he expected Elon Musk to donate SpaceX stock to Trump Accounts, the tax-advantaged investment accounts created under last year’s tax law. But days later, while another top SpaceX executive (1) has pledged hundreds of millions of dollars in stock, Musk himself has yet to publicly confirm any plans to contribute. During…
End of content
End of content