Japan’s power firm and LNG player, Jera, plans to invest 1-2 trillion yen ($6.47-$12.96 billion) in its liquefied natural gas business by fiscal 2035. Jera unveiled on Thursday its new growth strategy over the next […]
Talk about coming out of left field! When this eventually gets filed in court, it will be crazy to see how this went down in regards to the proxy fight with Kimmeridge! Combined company […]
JPMorgan Chase CEO Jamie Dimon on Wednesday urged the U.S. to reduce its fiscal deficit sooner rather than later, warning the issue will likely become “far more uncomfortable” if it continues to be overlooked. His comments […]
By Wolf Richter for WOLF STREET. After months of worsening data on CPI inflation, we got still bad, but less bad, data today for April by the Bureau of Labor Statistics. And perhaps it was just another month-to-month […]
Everything got more expensive over the years, the population grew, so debts rose, but income rose too. By Wolf Richter for WOLF STREET. Total household debt outstanding ticked up by $184 billion, or by 1.1%, in Q1 from […]
Services knocked it out of the ballpark. Not helpful for the Fed-favored core PCE price index later in May, which includes some of those services. By Wolf Richter for WOLF STREET. The Producer Price Index, which is always […]
(Bloomberg) – Influential proxy giant Institutional Shareholder Services Inc. recommended Hess Corp. investors abstain from voting on the proposed $53 billion acquisition by Chevron Corp. Shares of both oil companies fell. ISS cited concerns about […]
Three years ago, Big Oil supermajors in Europe were all about the energy transition and pivoting from their core business to a greater diversification. In its latest financial report for the first quarter, BP indicated […]
As Congress prepares to debate whether to extend the 2017 Trump tax cuts, the unsustainability of the U.S. fiscal position is coming into focus. The ratio of federal debt to the size of the U.S. […]
By Wolf Richter for WOLF STREET. Distressed debt exchanges are an alternative by companies to restructuring their unmanageable debts in a bankruptcy court, if they can get their creditors to agree to what are usually haircuts of some […]
Copyright © 2025 | Sandstone Group