United Airlines will use lower-carbon fuels in San Francisco, London
(Reuters) – United Airlines will begin using lower-carbon aviation fuels on flights from San Francisco International Airport and London Heathrow…
NDX: Nasdaq Drops as Fed’s Powell Says No Rate Cuts Are Planned for 2023
Stocks lost their edge after Jay Powell lifted rates with another 25 bps and vowed to halt hikes for now.…
USD/JPY: Japanese Yen Seesaws in Heavily Volatile Trading, Dollar Slips to ¥134.15
A flurry of events is causing the yen to fluctuate rather aggressively, while the dollar is reacting to another rate…
PACW: PacWest is Looking for a Buyout Offer After Shares Wash Out 55%
Another regional lender is trying to escape the insolvency path by selling out to a buyer or seeking a fresh…
Enbridge reaches toll agreement with shippers for Mainline system
(Reuters) – Enbridge (NYSE:ENB) Inc, Canada’s largest transporter of crude oil, said on Thursday it has reached a 7-1/2 year toll…
Paramount misses quarterly revenue estimates
(Reuters) – Paramount Global Inc missed first-quarter revenue estimates on Thursday as advertisers cut back on spending in a challenging…
Dollar retreats after Fed meeting, while euro shines ahead of ECB
The U.S. dollar retreated in early European trade Thursday, continuing the previous session’s selloff after the Federal Reserve signaled a…
Gasoline falls below $9/bbl as stocks rise
Asia’s gasoline refining profit margin fell below $9 a barrel on Thursday after an unexpected rise in inventories at the…
HF Sinclair beats Q1 profit estimates, submits buyout bid for Holly Energy
(Reuters) – U.S. oil refiner HF Sinclair Corp beat first-quarter profit estimates on Thursday, as margins spiked from a year…
Global gas markets rebalancing, to remain tight in 2023- IEA
(Reuters) – Global gas markets are gradually rebalancing but are expected to remain tight in 2023 amid lower Russian pipeline…