Biden calls on FTC to probe anti-consumer behavior by energy companies as gas prices soar

US President Joe Biden speaks during an event to commemorate Veterans Day at The Tomb of the Unknown Soldier at Arlington National Cemetary in Arlington, Virginia on November 11, 2021. Nicholas Kamm | AFP | Getty Images President Joe Biden is asking the Federal Trade Commission to look into behavior from energy companies as prices … Read more

2022 will be a record year for wind and solar, new report finds

PALM SPRINGS, CA – MARCH 27: Giant wind turbines are powered by strong winds in front of solar panels on March 27, 2013 in Palm Springs, California. According to reports, California continues to lead the nation in green technology and has the lowest greenhouse gas emissions per capita, even with a growing economy and population. … Read more

Ken Griffin thinks the stock market is frothy and is still skeptical about crypto

Ken Griffin, Founder and CEO, Citadel Mike Blake | Reuters Ken Griffin said the stock market has become increasingly frothy following a giant rebound from the pandemic lows, and the billionaire CEO of hedge fund Citadel remains skeptical of cryptocurrencies despite their blockbuster year. Source link

Stock futures are flat after major averages close at records amid infrastructure optimism

U.S. stock index futures were little changed during overnight trading on Monday after the major averages closed at records, boosted by strength in infrastructure stocks. Futures contracts tied to the Dow Jones Industrial Average dipped 23 points. S&P 500 futures declined 0.07%, while Nasdaq 100 futures retreated 0.09%. During regular trading all three major averages … Read more

The stock market has rallied past just about every 2021 forecast from Wall Street’s top strategists

The Charging Bull or Wall Street Bull is pictured in the Manhattan borough of New New York, January 16, 2019. Carlo Allegri | Reuters The stock market climbed a wall of worry and rallied so relentlessly that the S&P 500 has eclipsed almost every major strategist’s year-end target on Wall Street. Source link

Goldman Sachs is giving hedge fund clients crypto research from data firm The Block

Rafael Henrique | SOPA Images | LightRocket | Getty Images Goldman Sachs has begun giving its institutional trading clients research reports from crypto news and data firm The Block. Hedge funds and other clients began receiving the reports on Thursday via the investment bank’s Marquee digital platform, according to an email obtained by CNBC. The … Read more

Exxon posts highest quarterly profit in years, but revenue disappoints

A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. Sergio Moraes | Reuters Exxon said Friday that its third-quarter profit was the highest in years as improving demand, higher commodity prices and streamlined operations boosted results. The company … Read more

Chevron reports highest free cash flow on record as rebound in oil boost results; shares gain

Oil well pump jacks operated by Chevron Corp. in San Ardo, California, U.S., on Tuesday, April 27, 2021. David Paul Morris | Bloomberg | Getty Images Chevron said Friday that it generated the highest free cash flow on record during the third quarter as surging commodities prices and lower operational costs boosted operations. The oil … Read more

Biden’s new spending framework has $555 billion for clean energy, focused on incentives not punishments

PALM SPRINGS, CA – MARCH 27: Giant wind turbines are powered by strong winds in front of solar panels on March 27, 2013 in Palm Springs, California. According to reports, California continues to lead the nation in green technology and has the lowest greenhouse gas emissions per capita, even with a growing economy and population. … Read more

Stock futures are flat after Dow, S&P close at records

U.S. stock index futures were little changed during overnight trading on Tuesday after the Dow and S&P closed at record highs as earnings season continues. Futures contracts tied to the Dow Jones Industrial Average and S&P 500 were flat. Nasdaq 100 futures declined 0.09%. During regular trading the Dow advanced roughly 15 points to end … Read more