Venezuela has decided to deploy more than 5,000 soldiers on its eastern Caribbean coast after neighboring Guyana received a warship from the UK amid a dispute over the Essequibo territory, according to President Nicolas Maduro. “Venezuela has the right to defend itself, to tranquility, to peace,” Maduro said Thursday on state TV, while accusing Guyana … Read more
Oil majors operating in Guyana’s waters are “moving ahead aggressively” with production plans despite Venezuela’s threats to take over the region in an escalating border conflict, according to President Irfaan Ali. Speaking from Georgetown, Ali said Guyana’s troops are prepared to defend the nation’s territory after Venezuela’s Nicolas Maduro revived a long-dormant dispute over the … 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
Retreating inflation could force companies to relinquish some of the pricing power they’ve wielded recently, a headwind likely to weigh on equities in the final months of 2023, according to JPMorgan Chase & Co.’s Marko Kolanovic. The bank’s chief markets strategist cautioned Monday in a note to clients that retailers, automakers and airlines are among … Read more
All through the pandemic era and its aftermath, Jerome Powell lived rent-free in the heads of Wall Street stock traders. As he cut interest rates to historic lows and then again when he ramped them up to decade highs, money managers sweated over his every word and deed – buying or selling shares in line … Read more