Valued at a market cap of $613 billion, Exxon Mobil Corporation (XOM) is a Spring, Texas-based company that explores and produces crude oil and natural gas. Companies worth $200 billion or more are typically classified as “mega-cap stocks,” and XOM fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance…
Ondas (NASDAQ:ONDS), providing private wireless, drone, and automated data solutions, closed Thursday at $13.25, up 22.69%. The stock jumped after news broke that the Trump administration is exploring potential funding deals with an array of drone companies. The news sent the broader drone niche soaring higher today. Trading volume reached 241.6 million shares, about 216%…
(By Oil & Gas 360) Part II – Oil and gas companies once measured competitive advantage in barrels, acreage, and reserves; now they are increasingly measuring it in processing power, analytics capability, and data quality. Why oil and gas is becoming a data business- oil and gas 360 Because the next phase of the industry…
May 28 (Reuters) – Apollo Global Management and Blackstone are working to bring in additional investors for about $36 billion debt financing tied to AI startup Anthropic PBC’s efforts to expand its AI infrastructure, Bloomberg News reported on Thursday. The debt would be used to buy custom chips from Google. Anthropic would then lease these…
William V. Selesky Senior Analyst: Basic Materials Bill covers the Basic Materials sector for Argus. He has worked in the investment business for over 15 years, including positions as a senior equity analyst for firms such as Palisade Capital Management, PaineWebber/Mitchell Hutchins Asset Management and John Hsu Capital Group. He has provided coverage on groups…
The steakhouse restaurant sector has faced a major impact from an increase in beef costs, as steak prices spiked 16% to $12.73 per pound in March 2026, according to data from the Federal Reserve Bank of St. Louis, WIBC- Radio reported. As the price of beef increases for restaurants, consumer demand for the product has declined as menu prices…
Redwire (NYSE: RDW) stock jumped out of the gate Thursday, soaring 11% before giving back most of its gains. As of 11 a.m. ET, the stock is up 3.2%. And why? The Wall Street Journal just reported that the Trump Administration may make financial investments in U.S. drone manufacturers, aiming to subsidize production of low-cost…
Key takeaways While the average personal loan interest rate is 12.27%, borrowers with excellent credit may have access to rates as low as 6.20%. Credit unions tend to offer the lowest overall borrowing costs, with a national average of 10.72% and a legal rate cap of 18% at federal institutions. Online fintech lenders advertise competitive…
Salaried workers’ pay growth has outpaced gains among hourly earners in the past year, with advertised wages declining outright among hourly workers in IT, software development, and other STEM fields, according to a new analysis from the Indeed Hiring Lab. The analysis drew on pay information across millions of job postings from the beginning of…
By Lucia Mutikani WASHINGTON, May 28 (Reuters) – U.S. inflation increased at its fastest pace in three years in April, driven by higher energy prices amid the war with Iran, and cementing economists’ views that the Federal Reserve could hold interest rates unchanged well into next year. Surging price pressures are eroding household income and…
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