BP has scrapped its commitment to cut oil and gas production as CEO Murray Auchincloss shifts the focus back to traditional energy sources in response to investor demands for improved returns, according to a report by Reuters. The goal to cut oil and gas production by 40% by 2030 was…
In a bid to reshape Pfizer’s future, activist investor Starboard Value has acquired a stake worth approximately $1 billion, according to reports. The move comes as the pharmaceutical giant faces mounting challenges, including declining demand for its Covid-19 products and increased competition. Starboard, known for its involvement in strategic shifts…
Gold price recorded its first weekly loss after trading in the green for three consecutive weeks. In recent sessions, it has been trading sideways while remaining close to the fresh record high hit about a week ago. A stronger-than-expected US jobs report have pointed to a solid labor market; increasing…
Crude oil prices have rallied further to one-month highs amid heightened fears over the escalation of conflicts in the Middle East. On Friday, Brent, the benchmark for global oil, recorded gains for the sixth consecutive session; rallying to a level last seen on 30th August at $78.68. Similarly, WTI oil…
The NZD/USD exchange rate suffered a harsh reversal after the strong US jobs numbers and as traders positioned for this week’s Reserve Bank of New Zealand (RBNZ) interest rate decision. It slipped by over 3.5% from its highest point this year to the current 0.6165. RBNZ interest rate decision The…
GE Vernova (GEV) stock price has gone vertical, soaring to a record high of $265. It has jumped by over 135% from its lowest point on record, bringing its market cap to over $72 billion, making it one of the top players in energy. AI power demand rising The main…
Tilray Brands (NASDAQ: TLRY) stock will be in the spotlight this week as the Canadian cannabis and alcohol company publishes its financial results. These numbers will come at a time when its stock has been highly embattled. After peaking at $66 in 2020, it has become a penny stock trading…
Fair Isaac Corporation (FICO), Equifax (EFX), and Transunion (TRU) stocks are firing on all cylinders this year and beating Wall Street. FICO has soared by 64% in 2024 and by over 122% in the last twelve months, bringing its market cap to over $46 billion. TransUnion has jumped by 52%…
TotalEnergies (TTE) stock has done well in the past few years, helped by the strong performance of crude oil prices. It rose to a high of €68.31 in April, 342% above the lowest point in 2020. Total to move into copper trading TotalEnergies stock rose slightly after the Financial Times…
Carnival’s stock price has stalled in the past few months. It has remained between a low of $10.97 and its resistance point at $19.5, while American benchmark indices like the Nasdaq 100 and S&P 500 index have soared to record highs. Carnival has underperformed its closest competitors, Royal Caribbean and…