FINANCE
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Chevron entry to Guyana oilfields solves company’s top challenge
By Sheila Dang HOUSTON (Reuters) -Chevron’s imminent entry into Guyana’s rich offshore oilfields solves one of the biggest problems dogging the U.S. major: where its growth will come from beyond the next few years. On Friday, the U.S. oil producer closed its $55-billion acquisition of Hess – among the largest ever oil and gas deals – and gained the latter’s…
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LTL pricing index to hit record high in Q3
A sagging industrial economy and global trade uncertainty continue to constrain less-than-truckload demand, but carriers are still pushing through rate increases. The LTL rate-per-pound component of the TD Cowen/AFS Freight Index is expected to reach a record high during the third quarter, a quarterly report showed on Tuesday. Third-party logistics company AFS Logistics and financial services firm TD Cowen are…
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Jim Cramer drops blunt 6-word message on Nvidia stock
Jim Cramer drops blunt 6-word message on Nvidia stock originally appeared on TheStreet. Nvidia shares (NVDA) climbed 1.2% to $166 on July 11 as the stock extended gains after becoming the first company ever to reach a $4 trillion market value. The milestone was hit on July 9, and momentum has carried through the following sessions. That $4 trillion figure…
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Trump tariffs, Nvidia hits $4 trillion market cap, Mark Zuckerberg’s big summer: Opening Bid takeaways
A slow summer for markets this is not. Traders entered Wednesday’s session digesting more President Trump tariff chaos that has sent copper prices ripping higher. This is in addition to fresh uncertainty on the future of the Federal Reserve. Some 10 minutes into the opening bell on Wall Street, however, investors shook it off to shift focus on AI chip…
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Gapwaves begins waveguide antenna production for Valeo
Gapwaves has commenced series production of its waveguide antennas for Valeo’s advanced driver assistance systems (ADAS), leveraging its patented multi-layer waveguide (MLW) technology. The production kick-off took place last week at Gapwaves’ facility in Gothenburg, Sweden, with the first series delivery to Valeo completed on 1 July. The Gothenburg facility, inaugurated last November, is pivotal for developing, testing, and validating…
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Oracle stock set to notch fresh record after disclosing multiple cloud services deals
Oracle stock (ORCL) jumped more than 5% midday Monday and was on track to hit a record closing high after the software giant disclosed that it inked new multibillion-dollar cloud services agreements. In a filing to the US Securities and Exchange Commission, the company provided commentary that CEO Safra Catz planned to share with other Oracle colleagues on Monday. “Oracle…
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Wall Street hits record highs after turbulent months
NEW YORK (Reuters) – The S&P 500 and Nasdaq Composite reached all-time highs at the opening bell on Friday, bouncing back from a turbulent period sparked by U.S. President Donald Trump’s trade policies based on tariffs. The U.S. benchmark stock index rose 0.68% to 6,182.7 points, surpassing the previous peak of 6,147.43 reached on February 19, while the Nasdaq went…
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Molson Coors price target lowered to $53 from $58 at Piper Sandler
Piper Sandler lowered the firm’s price target on Molson Coors (TAP) to $53 from $58 and keeps a Neutral rating on the shares. Molson Coors’ retail momentum continues to slow, with Q2-to-date U.S. retail volumes down about 5% as the company laps elevated shipments from a year ago, the analyst tells investors in a research note. Aluminum prices are adding…
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Warren Buffett Sure Looks Like He Knows Something Is Going to Happen
Buffett has a long track record of investing success, helping Berkshire Hathaway deliver a compounded annual gain of almost 20% over several decades. The top investor hasn’t been a buyer of stocks in recent quarters — but he recently saw an opportunity. 10 stocks we like better than Pool › Warren Buffett isn’t known for following the trends when it…
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Supply chain fog clearing for plane suppliers, Constellium says
PARIS (Reuters) -Visibility for aviation suppliers is improving, helped by Airbus’ measures to overcome supply chain snags that hit demand in the past year, aluminium products maker Constellium said on Wednesday. Bottlenecks in the supply chain, notably for engines, have hampered Airbus’ efforts to ramp up output, though the jet maker has maintained a 2025 delivery target. Constellium, one of…
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