Auto Added by WPeMatico
By Christine Dobby Cross-Border Shopping Anyone who follows the US banking industry can tell you a wave of mergers is likely on the way because regulators under the Trump administration have signaled a friendlier stance on consolidation. There are close to 4,400 banks in the US (yes, Canadians, you read that right) and many of the mid-size …
Canada’s Banks Enter the Conversation as US Regionals Look for Deals Read More »
(Reuters) – U.S. natural gas futures jumped 140% over the past seven trading days, and cash gas and power prices hit record highs this week as an Arctic blast sent heating demand soaring and froze oil and gas wells, cutting gas output to a two-year low. The sharp jump in power prices will ultimately hit …
US Natgas Futures Soar 140% During Arctic Blast, Boosting Consumer Costs Read More »
The dollar was on the ropes near multi-year lows on Wednesday after investors sold it aggressively when U.S. President Donald Trump seemed to shrug off its recent decline, while Wall Street marched on to fresh record highs. The dollar’s dive has hoisted the euro over $1.20 for the first time since 2021, sent the Australian …
(Reuters) – SLB beat Wall Street estimates for fourth-quarter profit on Friday, helped by steady demand for its oilfield equipment and services in North America. U.S. crude production was expected to hit a record 13.41 million barrels per day in 2025, according to Energy Information Administration forecast, benefiting oilfield services companies. Quarterly revenue from SLB’s …
SLB Beats Quarterly Profit Estimates on Strong North America Activity Read More »
Takeaways by Bloomberg AI The Trump administration is canceling almost $30 billion of financing from the Energy Department’s green bank after reviewing transactions approved under former President Joe Biden. The Energy Department plans to revise another $53 billion of funding and has eliminated about $9.5 billion in financing for wind and solar projects. The Energy …
US Is Canceling Almost $30 Billion in Biden-Era Energy Loans Read More »
By Monique Mulima A sizzling rally in energy stocks over the past few months has the group reaching a new high as rising geopolitical uncertainty pushes investors to bet on elevated oil prices. The S&P 500 Energy Index rose 2.4% to close at $750.17 on Wednesday, making it the best performing sector in the S&P …
Energy Stocks Hit Record High on Greenland, Arctic Blast Read More »
(Reuters) – If record-high U.S. stock prices accurately reflect investors’ assessment of the first year of Trump 2.0, then it’s a glowing scorecard for the most interventionist government in decades. It’s yet another example of the topsy-turvy economic world where the global norms and orthodoxies of the last 40 years are being questioned and sometimes …
How Long Can Wall Street Shrug Off Trump’s ‘Visible Hand’?: McGeever Read More »
(Reuters) – The U.S. involvement in Venezuela’s oil sector offers a potential opportunity for international banks, with JPMorgan Chase in an advantageous spot due to its history in the country and past involvement with international trade financing. A clutch of banks including JPMorgan and Citigroup have historically operated in the country, but reduced operations or …
Banks Eye Venezuela Investment, JPMorgan Seen With Advantage Read More »
By Yagnoseni Das Dec 10 (Reuters) – Shares of GE Vernova (GEV.N) surged to a record high on Wednesday after the power-equipment maker forecast higher revenue for 2026 and raised its buyback program by $4 billion. Surging electricity demand from artificial intelligence and other data-heavy industries is driving strong growth across the company’s grid and …
GE Vernova Hits Record High on Bullish 2026 Revenue Outlook, Buyback Boost Read More »
EnergyNow Staff The Net-Zero Banking Alliance (NZBA) was established to mobilize the global banking sector in the fight against climate change, aiming for net-zero greenhouse gas emissions by 2050. Despite its ambitious goals, the NZBA has faced significant challenges and criticism, preventing it from working as intended. This document examines the history, founding members, reasons …
LOOKING BACK: Why the Mark Carney Led Net-Zero Banking Alliance Did Not Work as Intended Read More »
