Shell PLC
Here are some hedge funds that foresaw the tech fallout. And some that didn’t
This year’s tech-driven carnage in the stock market is carving out hedge fund winners from losers — showing up in diverging fortunes that haven’t been seen in years. Hedge funds that rode the tech wave up are getting crushed on the way down, especially those that doubled down on 2022’s biggest laggards in the first […]
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Big Oil braces for shareholder revolt over climate plans in proxy voting season
Members of the environmental group Just Stop Oil blockade a BP petrol station in London on April 28, 2022. The activist group is calling for the U.K. government to commit to halting new fossil fuel licensing and production. Kristian Buus | In Pictures | Getty Images LONDON — Some of the world’s largest corporate emitters […]
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HSBC thinks these global energy stocks could be winners — and gives one upside of over 100%
HSBC says a “generational shift” in energy policy could be on the horizon— and names the stocks it thinks could benefit. Source
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Stocks making the biggest moves midday: Palantir, Rivian, Uber and more
Peter Thiel, co-founder and chairman of Palantir Technologies Inc., pauses during a news conference in Tokyo, Japan, on Monday, Nov. 18, 2019. Kiyoshi Ota | Bloomberg | Getty Images Check out the companies making headlines in midday trading Monday. Palantir – Shares of the software company dropped more than 18% after Palantir’s first-quarter earnings came […]
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Stocks making the biggest moves in the premarket: Palantir, Rivian, Uber and more
Take a look at some of the biggest movers in the premarket: Palantir Technologies (PLTR) – The data analytics software company’s shares plunged 15.1% in premarket trading after posting a mixed quarter. Palantir reported profit of 2 cents per share, compared to a 4 cents a share consensus estimate. Revenue was higher than expected, however, […]
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Business leaders helped to bankroll the anti-abortion groups who could soon see Roe v. Wade overturned
Demonstrators hold signs during a protest outside the U.S. Supreme Court, after the leak of a draft majority opinion written by Justice Samuel Alito preparing for a majority of the court to overturn the landmark Roe v. Wade abortion rights decision later this year, in Washington, May 3, 2022. Evelyn Hockstein | Reuters Donald Trump’s […]
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Oil giant Shell reports highest quarterly profit since 2008 on soaring commodity prices
Shell posted adjusted earnings of $9.1 billion for the first quarter of 2022. Ben Stansall | Afp | Getty Images LONDON — Oil giant Shell on Thursday reported its highest quarterly profit since 2008 on soaring commodity prices, fueling calls for a one-off windfall tax on oil and gas companies to help U.K. households with […]
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Japan says exiting Sakhalin energy projects would weaken Russia sanctions
A liquefied natural gas tanker berth in Japan, on Dec. 17, 2021. Should Japan ever exit the Sakhalin energy projects in Russia and their stakes were acquired by Russia or a third country, this would weaken the effectiveness of Western sanctions and benefit Russia, Japan’s industry minister said on Friday. Kiyoshi Ota | Bloomberg | […]
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BP deal sends Nasdaq-listed EV charging stock Tritium surging
The need for new charging infrastructure in the U.K. is likely to become increasingly pressing in the years ahead, not least because authorities want to stop the sale of new diesel and gasoline cars and vans by 2030. Chris Ratcliffe | Bloomberg | Getty Images Tritium and BP have entered into a multi-year contract related […]
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Morgan Stanley says stay disciplined amid volatility, and names ‘cheap’ global stocks to buy
Morgan Stanley has named a raft of “cheap” global stocks to buy, advising investors to stay disciplined on valuations. Source
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