By Shariq Khan NEW YORK, July 16 (Reuters) – U.S. refiner margins registered a fresh record high for the third consecutive session on Thursday, as low stockpiles and worsening tensions in the Middle East threaten potential supply shortfalls in the world’s largest fuel consuming nation. U.S. refiners have been the biggest beneficiaries of the Iran…
Summary Oil prices are coming down and are starting to reduce the pricing pressure that had been building in the economy, at least for now. A barrel of benchmark crude oil, West Texas Intermediate, is now fetching $80 at the New York Merc. That’s up a bit from $68 two weeks ago, but down from…
James Kelleher, CFA Director of Research & Senior Analyst Technology Jim has worked in the financial services industry for over 25 years and joined Argus in 1993. He is director of research at Argus and a member of the Investment Policy Committee. Jim has been instrumental in building Argus’ proprietary valuation models, which are a…
Summary BlackRock provides investment management, risk management, and advisory services for institutional and retail clients worldwide. Its range of products includes separate accounts, mutual funds, the iShares franchise of ETFs, and other pooled investment vehicles. Assets under management were $15 trillion as of June 30, 2026. iShares is a global lead
Summary Based in Pittsburgh, PNC provides a range of retail and commercial banking, residential mortgage lending, and asset management services. It has operations in Pennsylvania, Ohio, New Jersey, Michigan, Illinois, Maryland, Indiana, North Carolina, Florida, Kentucky, Washington, D.C., Delaware, Alabama, Virginia, Missouri, Georgia, Wisconsin, and South Carolina.
Summary While the S&P 500 and S&P 100 continue to close in on their early June all-time highs, the Nasdaq 100 (QQQ) remains in a triangle, getting closer and closer to the apex. With all the wild moves within technology, it is surprising that the QQQ price range is tightening as the ETF puts in…
July 16 (Reuters) – AtaiBeckley shares soared 50% premarket on Thursday after a report that Eli Lilly was in talks to acquire the psychedelic drug developer as soon as this week. Bloomberg News, late on Wednesday, said Lilly was negotiating a deal at a premium, citing people familiar with the matter. New York-based AtaiBeckley’s shares…
TotalEnergies expects higher cash flows from its oil production and strong refining margins and oil trading results to boost second-quarter profits compared to the prior quarter, as oil prices rose and fuel markets tightened in the wake of the Iran war. “Downstream results and cash flow are expected to increase sharply compared to the first…
By Amina Niasse NEW YORK, July 16 (Reuters) – UnitedHealth Group raised on Thursday its 2026 profit forecast as the company tightened spending on medical costs and improved operating income in its Optum health services business. Shares of the healthcare giant rose nearly 5% before the bell. Chief Financial Officer Wayne DeVeydt said cost controls…
By Wen-Yee Lee, Ben Blanchard and Faith Hung TAIPEI, July 16 (Reuters) – TSMC, the world’s main producer of advanced AI chips and a major Nvidia supplier, pledged on Thursday to invest a further $100 billion in the U.S. state of Arizona in a win for President Donald Trump, who has pushed for more chipmaking…
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