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Home2023May

Month: May 2023

Electric
Electric Vehicles

Ford Loses Nearly $60,000 for Every Electric Vehicle Sold

May 3, 2023 Mariel Alumit

The legacy carmaker has, for the first time, published its results, distinguishing the activities of electric vehicles from those of gasoline cars. For now, clean cars are a money pit. Ford on March 2, 2022, […]

Energy
M & A

Energy Transfer acquires Lotus Midstream, raises 2023 earnings outlook

May 3, 2023 Mariel Alumit

NEW YORK, May 2 (Reuters) – U.S. midstream company Energy Transfer said on Tuesday it has completed its $1.45 billion acquisition of Lotus Midstream Operations and boosted its earnings expectations higher for the rest of […]

energy
Climate Crisis

Column: The climate/energy/environment debate is completely unhinged – here’s why

May 3, 2023 Mariel Alumit

Old-school politics used to be easy, industrially speaking. The left/right divide seemed so endearingly simple. People existed in two world views, generally cleaved along the lines of more/less government control, or more collective vision vs. […]

Bankruptcy

First Republic rescue fails to calm market turmoil

May 3, 2023 Mariel Alumit

EconomyBanks The rescue of First Republic has failed to calm market fears about the integrity of the United States banking system, with regional bank shares plummeting for a second straight day. US regional banks on […]

Finance

IBM to freeze hiring as CEO expects AI to replace 7,800 jobs

May 3, 2023 Mariel Alumit

EconomyTechnology IBM will freeze hiring as it expects about 7,800 jobs to be replaced by Artificial Intelligence (AI) in the coming years, the tech giant’s CEO has said. In an interview with Bloomberg News, IBM […]

Price
Finance

Dow Jones Falls As These Bank Stocks Dive, Fed Rate-Hike Looms; AMD Slumps Late On Guidance

May 3, 2023 Mariel Alumit

Dow Jones futures were steady overnight, as were S&P 500 futures and Nasdaq futures. AMD led key earnings reports after the close, with the Fed rate decision looming Wednesday. The stock market rally suffered solid […]

ENB Daily Standup

Daily Energy Standup Episode #115

May 3, 2023 Andy Del Prado

Daily Standup Top Stories Rising oil earnings allow Russia to resume purchase of foreign currency May 2, 2023 Mariel Alumit Rising oil earnings in Russia could lead to increased foreign currency purchases, despite sanctions from the […]

Alternative Investments

Options Trading Hits 50-Year Mark; Can Industry Innovation Help More Investors Grow Their Wealth?

May 3, 2023 Mariel Alumit

Options trading in the U.S. hit a milestone last month as the Chicago Board Options Exchange (Cboe) marked its 50th anniversary on April 26. A lot has changed over the decades since that pioneering exchange […]

Biden
Finance

Biden’s Game Of Chicken: “We Won’t See A Debt Ceiling Solution Until The Market Panics”

May 2, 2023 Mariel Alumit

By Philip Marey, Senior Strategist at Rabobank Summary Yesterday, Treasury Secretary Yellen sent a new letter to the Congressional leadership, with the message that the X-date could arrive as soon as June 1. With the […]

Price
Finance

Banks, Energy Lead Losses As Stock Market Volatility Suddenly Jumps; Pivotal Fed Announcement Ahead

May 2, 2023 Mariel Alumit

Financial and energy stocks led a rout on Wall Street Tuesday as stock market indexes are snapping out of a period of quiet action into a new phase of volatile trading. Indexes pared losses but […]

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