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Chevron
Big Oil Companies

Chevron boosts annual share buyback target to up to $20 billion

February 28, 2023 Mariel Alumit

Feb 28 (Reuters) – U.S. oil major Chevron Corp (CVX.N) on Tuesday raised its share buyback outlook to between $10 billion and $20 billion per year and reaffirmed its production guidance of more than 3% annual […]

U.S
EnergyNews

U.S. natgas jumps 6% to one-month high on rising demand, output decline

February 27, 2023 Mariel Alumit

  ​U.S. natural gas futures jumped about 6% to a one-month high on Monday on forecasts for more demand this week than previously expected and a drop in gas output so far this month. In addition […]

Dow Jones
Finance

Dow Jones Futures Rise With Market Rally Ailing; Big Tesla News Due

February 27, 2023 Mariel Alumit

Dow Jones futures rose slightly Sunday night, along with S&P 500 futures and Nasdaq futures. Tesla Investor Day and Elon Musk’s “Master Plan 3” will be in focus, part of a busy week for EV […]

Users
Climate Crisis

“Climate Change Cult At It Again”: Apple Users Frustrated With ‘Green Charging’

February 27, 2023 Mariel Alumit

A silly feature introduced with iOS 16.1 called “Clean Energy Charging” has upset some iPhone users as their devices will only charge when lower carbon-emission electricity on the grid is available. Some iPhone users reported […]

Finance

Former Treasury Secretary Admits Doubts On Soft Economic Landing – Looks To Global Institutions For Solutions

February 27, 2023 Mariel Alumit

Former Treasury Secretary under Bill Clinton, Larry Summers, joins Bloomberg to answer questions on persistent inflation indicators despite Federal Reserve tightening measures and rising interest rates. Summers, with some carefully chosen words, essentially admits what […]

Surprise
Finance

How Will Markets Respond To This Ongoing “Surprise” Turn In The Economy

February 26, 2023 Mariel Alumit

By Peter Tchir of Academy Securities Surprise, Surprise There is one chart I keep turning to, the Citi Economic Surprise Index. The surprise index started rolling over in the middle of December. For a month, […]

Inflation

US consumer spending surges in January, inflation heats up

February 24, 2023 Mariel Alumit

US consumer spending increased by the most in nearly two years in January amid a surge in wage gains, while inflation accelerated, adding to financial market fears that the Federal Reserve could continue raising interest […]

US
Commodities

Even JPMorgan Is Lashing Out At Ridiculous Seasonal Adjustments In Key US Data

February 24, 2023 Mariel Alumit

It has become impossible to be an economist or data-watcher (and thus strategist, investor, pundit or analyst) in the US: the reason is that seasonal adjustments have made virtually every data set a load of […]

U.S
EnergyNews

U.S. natgas gains 5% on technical buying ahead of storage report

February 24, 2023 Mariel Alumit

U.S. natural gas futures rose more than 5% on Thursday on a technical rebound and forecasts for slightly colder weather over the next two weeks. Front-month gas futures for March delivery on the New York […]

U.S
EnergyNews

Column: U.S. Gas Prices Near Record Low Amid Over-Production – John Kemp

February 23, 2023 Mariel Alumit

​ LONDON, Feb 22 (Reuters) – U.S. gas prices have slumped close to their lowest level on record, after adjusting for inflation, as traders respond to signs of a persistent production surplus in the domestic […]

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