AI
Biden’s Net Zero Plans Worsen Prices
Daily Standup Top Stories BP Shares Plummet on $2 Billion Impairment Warning July 9, 2024 Mariel Alumit Shares in BP fell by as much as four percent this morning after it warned it was expected to […]
BofA
AI
US electricity prices rise again as AI, onshoring may mean decades of power demand growth: BofA
Dive Brief: The year-over-year inflation rate for U.S. electricity prices reached 5.9% in May, up from 3.8% in January, according to Bank of America Institute, a think tank utilizing proprietary data to develop insights into […]
Crude Oil News
BofA Sees Summer Oil Price Peak at $95 Per Barrel
With Brent crude oil closing in on $90 per barrel on Wednesday, Bank of America energy analysts have boosted their price forecast for this year to average $86 per barrel and peak this summer at […]
AI
Daily Energy Standup Episode #327 – Solar Suppliers, Financial Shifts, AI Demands, and Regulatory Challenges
Daily Standup Top Stories Solar-panel supplier’s links to alleged abuses in China imperil US climate goal March 11, 2024 Mariel Alumit The dominance of China’s LONGi Green Energy Technology Co. Ltd. in supplying solar panels to the U.S. […]
Investments
Bank of America Set to Expand Its Energy Transition Business
Bank of America is looking to expand its business related to the energy transition, boosting carbon trading, and power and natural gas markets trading, senior executives have told Bloomberg. Banks in the United States and Europe […]
Finance
BofA Slashes Investment Banking Bonuses By 30% But Issues $1 Billion Company-Wide Stock Award
The bonus cuts for most dealmakers on Wall Street are continuing, but Bank of America is trying to soften the blow slightly across its employee-base by issuing new equity awards to some of its staff. […]
Finance
BofA Soars After Smashing Expectations, Reports Blowout Trading Revenue And Net Interest Income
With the big banks Q3 earnings reports coming to a gradual end after Friday’s barrage, which saw solid results by JPM, medicore earnings by Citi and Wells, and an unexpected miss by Morgan Stanley, this […]