Iraq is seizing the opportunity presented by reduced Russian crude exports, utilising its strong infrastructure and desirable medium-sour crude to capture a larger share of the Asian oil market.Independent Chinese companies like Geo-Jade, United Energy Group, Zhongman, and Anton are significantly expanding their presence in Iraq’s upstream oil sector. Their…
Under Armour shares fell as much as 21% to $5.25 in early trading on Friday after the sportswear maker warned that sales would deteriorate further this quarter and that tariff-related costs for the fiscal year would be $100 million higher than expected. The company forecast a revenue drop of between…
The Trump administration is preparing to launch initial public offerings for mortgage finance giants Fannie Mae and Freddie Mac later this year, in a move that could mark one of the largest stock offerings in US history, the Wall Street Journal reported on Friday.People familiar with the discussions told the…
The stock market’s recent rally may be nearing a pause as signs of slowing US economic growth emerge, according to Andrew Garthwaite, chief global equity strategist at UBS. The strategist points to both macroeconomic indicators and market signals that suggest the S&P 500’s bullish momentum could be at risk in…
Iraq is seizing the opportunity presented by reduced Russian crude exports, utilising its strong infrastructure and desirable medium-sour crude to capture a larger share of the Asian oil market.Independent Chinese companies like Geo-Jade, United Energy Group, Zhongman, and Anton are significantly expanding their presence in Iraq’s upstream oil sector. Their…
Under Armour shares fell as much as 21% to $5.25 in early trading on Friday after the sportswear maker warned that sales would deteriorate further this quarter and that tariff-related costs for the fiscal year would be $100 million higher than expected. The company forecast a revenue drop of between…
Low exploration results and a tougher regulatory framework have quickly undermined hopes that Colombia’s Caribbean coast could be an energy hub for the region: now foreign oil and gas firms are scaling back plans or just pulling out altogether. Colombia is already seeing the impacts of this shift on its…
Broadcom Inc (NASDAQ: AVGO) is in focus this morning following a 13F securities filing that confirmed billionaire David Tepper has been loading up on AVGO shares as means of AI exposure.Tepper’s conviction in Broadcom stock is significant given he’s actually been trimming his stakes in three of the most prominent…
SoundHound AI Inc (NASDAQ: SOUN) reported blockbuster financial results for its fiscal second quarter, sending shares up more than 30% on Friday morning.The artificial intelligence firm saw its revenue more than triple to roughly $43 million – crushing analysts’ forecast, and recorded a narrower-than-expected adjusted per-share loss as well, signaling…
The Trump administration is preparing to launch initial public offerings for mortgage finance giants Fannie Mae and Freddie Mac later this year, in a move that could mark one of the largest stock offerings in US history, the Wall Street Journal reported on Friday.People familiar with the discussions told the…