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Finance

Shell
Exploration and Production

Shell Explores Selling Stake in Renewable Power Unit

July 17, 2023 Mariel Alumit

Shell Plc is exploring options for its global renewable power operations, including a potential stake sale to outside investors, people with knowledge of the matter said. The UK energy giant is working with advisers to […]

BlackRock
Finance

BlackRock, KKR Near Sale of Adnoc Oil Pipeline Stake to ADQ

July 17, 2023 Mariel Alumit

Asset managers near sale of multibillion-dollar holding Abu Dhabi’s newest sovereign fund may seal deal this week BlackRock Inc. and KKR & Co. are nearing a deal to sell their multibillion-dollar stake in Abu Dhabi National Oil Co.’s oil […]

BlackRock
Crypto

BlackRock Stock Eases After Major Earnings Turnaround; ESG Conflict In Focus

July 16, 2023 Mariel Alumit

The world’s largest asset manager BlackRock reported quarterly earnings early Friday. BlackRock stock faded Friday following results. BlackRock kicked its recent earnings slump with its Q2 results Friday. Earnings bolted 28% to $9.06 per share […]

Finance

IMF Hints At Allowing Countries To Use Chinese Yuan For Debt Repayment

July 16, 2023 Mariel Alumit

Authored by Aldgra Fredly via The Epoch Times, The International Monetary Fund (IMF) has hinted that it may accept the Chinese Yuan as a currency for countries to settle their obligations with the IMF following […]

Crypto

CBDC “Is A Massive Threat To American Liberty” – DeSantis Vows To Kill FedCoin “On Day One” Of His Presidency

July 16, 2023 Mariel Alumit

In a lengthy interview with Tucker Carlson yesterday, at the Family Leadership Summit in Iowa, Florida Governor Ron DeSantis detailed his stance on various issues, including abortion, the environment in Florida, foreign policy, and the […]

FREYR
Energy Storage

FREYR Battery Awarded €100 Million EU Innovation Fund Grant

July 13, 2023 Mariel Alumit

NEW YORK, OSLO, Norway & LUXEMBOURG–FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has announced that the company has been awarded a €100 million grant from the European Union […]

Electric Vehicles

“This Is Not Sustainable”: China’s EV Market Set To Face Even More Competition, HSBC Says

July 12, 2023 Mariel Alumit

With recent rallies in Tesla (and now Rivian), market participants are starting to mull whether or not EV stocks are about to be looked at favorably and outperform once again. But insane-valuation- and hot-money-history may […]

Shell
Exploration and Production

Shell CEO Dreams of Leaving UK for Greener (Profitable) Pastures in the US

July 10, 2023 Mariel Alumit

In a truly heartwarming display of corporate compassion, Wael Sawan, the CEO of Shell, has openly mused about the possibility of abandoning the UK to make even more money elsewhere. It seems that pesky ‘windfall’ […]

Bankruptcy

Corporate Bankruptcies Reach Highest Level Since 2010

July 10, 2023 Mariel Alumit

Authored by Andrew Moran via The Epoch Times, New data show that a growing number of U.S. firms are collapsing under the weight of higher interest rates as corporate bankruptcies reached their highest first-half levels […]

Earnings

These Are The Most Profitable US Companies, By Sector

July 10, 2023 Mariel Alumit

U.S. corporate profits hit record levels in 2022, even as stocks fell into a bear market and inflation reached 40-year highs. Given these headwinds, investors are watching corporate fundamentals very closely. Corporate profit margins provide […]

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