Argentine President Javier Milei is seeking to extinguish decades of government intervention in the nation’s oil industry by unshackling crude exports and leaving local fuel prices at the whim of market forces. Milei included such measures in sweeping legislation he sent to congress on Wednesday, the latest move since the libertarian president took office on … Read more
The Federal Reserve’s campaign to squash inflation is a long-term win for the U.S. economy, but investors in companies such as Walmart are paying the price now, CNBC’s Jim Cramer said Thursday. The U.S. retail behemoth, along with cybersecurity firm Palo Alto Networks and energy giant Chevron, all saw their stock prices decline meaningfully Thursday … Read more
My top 10 things to watch Tuesday, Oct. 24 1. U.S. stock futures rose Tuesday ahead of the first quarterly earnings reports from the mega-cap tech stocks. Look for our alerts following the announcements from Microsoft (MSFT) and Alphabet (GOOGL) after the bell. Here’s what we hope to see from Microsoft . 2. On Sunday, … Read more
Chevron Corp.’s proposed $53 billion takeover of Hess Corp. is the second megadeal this month and makes resoundingly clear a new wave of consolidation is reshaping the energy landscape. US oil and natural gas companies are circling each other for potential match ups to keep investor returns growing as the nation’s prolific shale fields age. … Read more
Good morning and welcome back, it’s Ainsley here with all the news you need to start your week. We promise not to mention the rugby… Today’s must-reads:• Michele Bullock takes over today at the RBA• Chevron LNG union stoppages continue• NZ may get first female finance minister in 30 years Michele Bullock beat other candidates … Read more
September 11, 2023 at 6:57 PM EDT Hello, it’s Matt here basking in a lovely Melbourne spring morning. Apple is revealing a new iPhone later today, but first… Today’s must-reads:• Chevron’s labor dispute gets messier• Ramsay shortlists bidders for hospital unit• UBS is cutting jobs Two key unions will oppose Chevron’s attempt to resolve a … Read more
Morning folks, it’s Adam here in Sydney. Here’s what you need to know to get your day started. Today’s must-reads:• New Zealand’s Prime Minister wants skilled workers• Chevron strikes delay • More Binance executives leave RBA Governor Philip Lowe gives his final speech Thursday before he hands over the helm to Michele Bullock. It comes … Read more
Saudi Arabia has been working on its own brand of electric vehicles, Ceer, and plans to install 50,000 domestic EV charging stations by 2025. The U.S. and China are also bringing brands to the Mideast. GM is preparing to launch the Cadillac Lyriq, GMC Hummer EV and Chevrolet Bolt EUV in the Middle East this … Read more