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HomeFinance

Finance

Yen
Finance

Yen May Have Touched Bottom As Rate Gaps Narrow

November 15, 2023 Mariel Alumit

By Sebastian Boyd, Bloomberg markets live reporter and strategist There’s a possibility the yen may have touched bottom for the current cycle, at least against the dollar, with measures of interest-rate differentials between the two […]

Awilco LNG
Earnings

Awilco LNG reports Q3 net profit of $3.3 million

November 15, 2023 Mariel Alumit

Norway-based shipping firm Awilco LNG, the owner of two 156,000-cbm carriers, reported a net profit of $3.3 million for the third quarter of this year compared to a net loss in the same period last […]

IEA
Crude Oil News

Oil climbs as IEA lifts demand growth forecast, US inflation cools

November 15, 2023 Mariel Alumit

Investing LONDON – Oil prices firmed on Tuesday after the International Energy Agency (IEA) raised its demand growth forecasts, adding to bullish sentiment from the previous day’s OPEC guidance, while U.S. data showed inflation in […]

Goldman Sachs
Commodities

Goldman Sachs forecasts higher returns on commodities

November 15, 2023 Mariel Alumit

Reuters Goldman Sachs expects increased returns on commodities over the next 12 months, buoyed by higher spot prices amid easing monetary policy and recession fears while the asset class also strengthens on hedging against geopolitical […]

Hess
Big Oil Companies

Chevron takeover of Hess resurrects multi-billion dollar tax shield

November 15, 2023 Mariel Alumit

Yahoo Finance Chevron’s deal to buy Hess HES.N will unlock $15 billion worth of tax benefits that had once been relegated to the accounting dustbin, as the combined company takes advantage of Hess’s past losses to cut future […]

Lucid
Electric Vehicles

Lucid Lost $227,000 Per Car Sold In Q3 – Sustainable?

November 15, 2023 Mariel Alumit

What do you get after a decade of negative real rates and unlimited QE as monetary policy? Losing $227,000 per vehicle as an acceptable business model for an automobile company! At least that’s the case […]

WeWork
Finance

WeInflate, WeMalinvest, WeWork

November 15, 2023 Mariel Alumit

Authored by Peter C. Earle via the American Institute for Economic Research, The bankruptcy filing of WeWork Inc. on November 6, 2023 came with neither a whimper nor a bang, but with a laconic shrug. […]

Chinese
Finance

Chinese yuan beats Euro, is 2nd most used currency in global payments system SWIFT

November 14, 2023 Mariel Alumit

As of September 2023, the yuan accounted for 5.8% of international payments, up from 4.82% in August, which is the highest share the Chinese currency has held in the last five years, according to SWIFT […]

Empire Petroleum
Earnings

Empire Petroleum announces results for third quarter 2023

November 14, 2023 Mariel Alumit

TULSA, Okla. – Empire Petroleum (NYSE American: EP) (“Empire” or the “Company”), an oil and gas company with producing assets in New Mexico, North Dakota, Montana, Texas and Louisiana, today announced operational and financial results […]

money
Climate Crisis

Meet the little-known group funded by left-wing dark money that is shaping federal climate policy

November 13, 2023 Mariel Alumit

A little-known, Boston-based organization focused on sustainability and combating global warming and fueled by millions of dollars in dark money funding has quietly established itself in recent years as a key federal policymaking power player. Ceres, a […]

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