BP shares fall to lowest since 2022 after sharp drop in the oil major’s third-quarter profit
British oil major BP on Tuesday reported its weakest quarterly earnings in nearly four years, weighed down by a slump in crude prices.
Oil sell-off fuels stock gains — plus, AMD earnings loom and CrowdStrike counters Delta lawsuit
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Nasdaq hits all-time high even amid poor earnings growth
Even though almost three-quarters of S&P companies have beaten expectations, according to FactSet data, the rate of profit growth has not met expectations.
Foreign investors flock to flagship Saudi economic conference — but face less free-flowing cash
Thousands of financiers, founders and investors are set to descend on the Saudi capital of Riyadh for the eighth edition of the kingdom’s Future Investment Initiative.
U.S. oil posts worst day in two years after Israel spares Iran crude facilities
Oil prices lost ground on Monday after Iranian energy facilities were spared during an Israeli attack over the weekend.
Chevron CEO says ‘consistent and coherent energy policy’ is what matters for the next administration
Chevron CEO Mike Wirth told CNBC’s Jim Cramer what kind of government action is important for his company.
NextEra sees strong data center interest in restarting Iowa nuclear plant, CEO says
NextEra is conducting engineering assessments at Duane Arnold and is working with the Nuclear Regulatory Commission.
A ‘tidal wave’ of natural gas supply — the biggest yet — will reshape global markets, says RBC Capital
The expansion is likely to lead to a state of oversupply by the end of 2026, analysts such as RBC’s Anan Dhanani have projected.
U.S. crude oil prices rise nearly 1%, extend gains to above $71 per barrel
Traders increasingly view a supply disruption in the Middle East due to Israel-Iran tensions as unlikely.
U.S. crude oil rebounds more than 2% after selling off last week
Traders increasingly believe Israel-Iran tensions will not lead to an oil supply disruption in the Middle East.