Oil Prices Rise on IEA Consumption Forecast, OPEC Readies Outlook
Oil rose as the International Energy Agency said it expects global demand to increase in 2024 albeit at a “comfortable”…
Tesla’s Response to Demand Drop as Stock Falls
Tesla (TSLA) shares edged lower Monday after the carmaker unveiled a fresh round of U.S. price cuts, raising further questions…
Lockheed Martin Will Sell $23 Billion Worth of F-16 Fighter Jets to Turkey
Military contractor Lockheed Martin (NYSE: LMT) is in the business of building fighter jets — and business is booming. In…
Devon Energy Could Soon Join the Oil Patch Acquisition Binge
There’s currently a massive consolidation wave happening in the oil patch. Oil giants ExxonMobil, Chevron, and Occidental Petroleum have sealed…
Japan’s Nissan Sees Profit Decline Amidst Sales Slump in China
TOKYO (AP) — Nissan’s profit sank in October-December to about half of what it earned the year before, the automaker…
PayPal’s Earnings: Can it Compete with Big Tech?
PayPal 3.53% reports its financial results after the market close Wednesday, a week after the payments company said it would…
Alibaba Soars Pre-Earnings: Time to Buy BABA Stock?
Alibaba stock was up sharply for the second straight session Tuesday, helped by a 4% jump for the Hang Seng…
Oil Oversupply Set to Tighten, Prices on the Rise
The narrative of the oil market will soon be flipped on its head, according to Occidental CEO Vicki Hollub. Oversupply…
Tesla Becomes Worst S&P 500 Performer After Stock Sinks To 9-Month Low
Shares of Tesla dipped Monday to their weakest level since last May, extending 2024’s brutal selloff for Elon Musk’s electric…
Tesla Defect Probe Escalates After Nearly 2,400 Steering Complaints
US authorities upgraded an investigation into a possible defect involving Tesla Inc.’s top-selling models after identifying almost 2,400 complaints about…