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...According to his LinkedIn profile, he previously worked in government affairs for Cheniere Energy and as a senior adviser to the chief of executive of Tellurian Inc, two companies which pioneered the development...
...Iberdrola will direct the biggest portion of a €41bn investment plan to the US, shrugging off the impact of a possible Donald Trump presidency on America’s flagship green energy policy....
...The economy shrank 3.6 per cent in the first two months of 2024 and consumer spending has plummeted. Need to know: Business It’s been a big week in Big Tech....
...“Clean” automotive margins (which exclude regulatory credits and leasing income) were down from 29.7 per cent in the first quarter of 2022, to 18.3 per cent in the first quarter of 2023, and again to 15.6...
...Average US petrol prices are now $3.63 a gallon, up about 15 per cent since the start of the year....
...Farmers in Latin America are rushing to plant cocoa as the price of chocolate’s main ingredient soars amid a global shortage of supplies....
...A fifth of the world’s oil passes through the Strait of Hormuz, and over the past year, Iran’s contribution to global crude supply has risen 30 per cent to 3.3mn barrels per day, about 3 per cent of world...
...The collective market capitalisation of the group — comprising ExxonMobil, Chevron, ConocoPhillips, EOG, Pioneer Natural Resources, Occidental Petroleum, Hess, Devon Energy, Diamondback Energy and Coterra...
...More than 90 per cent of Tesla’s sales are the Model 3 and Model Y, vehicles with prices starting above $35,000....
...Battery prices in the US dropped by only about $3,000 over that time, the International Energy Agency said in a report this week. The price pressure has been weighing on Tesla’s profits....
...Still, only between 1 per cent and 3 per cent of the $3.4tn market is owned by investment funds, according to industry estimates....
...Producers such as CNX Resources, Range Resources and Gulfport may too have benefited from timely gas price hedging....
...Luckin Coffee, China’s answer to Starbucks, has more than 16,000 stores earning sales of $3.5bn last year....
...Its same-store sales rose 6.3 per cent during the quarter. Efforts to fix Family Dollar have been costly. Many stores were in poor shape, bad locations and suffered from logistics problems....
...It may be almost 2024, but an echo of the late 1980s lingers. On Monday, US Steel announced that it would sell itself to Nippon Steel of Japan at an enterprise value of $15bn....
...“It is a huge turnaround from where we were at in the 1970s,” said Harold Hamm, chair of Continental Resources and a shale pioneer....
...Brent crude, the international benchmark, edged lower to $89.81 a barrel at7.30am on Tuesday in New York, a fall of around 0.3 per cent....
...The local economy has since bounced back and the jobless rate of 3.4 per cent is near record lows....
...Asdrúbal Oliveros, the director of Caracas-based consultancy Ecoanalítica, calculated that the renewed sanctions could cause Venezuela losses of foreign income worth about $3bn, and a 3.6 per cent decrease...
...Matthew Bartolini, head of SPDR Americas research at State Street Global Advisors, believed the procyclical switch was logical....
...After a period of divestments, GE conducted a reverse 1-8 split. Ditto, in the UK, Melrose’s 1-3 share consolidation last year. Then again, plenty of US companies also spurn splits....
...But despite hitting a nominal all-time high, gold is still some way off its inflation-adjusted all-time high of $3,355 per troy ounce reached in 1980 when oil-driven inflation and turmoil in the Middle East...
...Shares were up almost 3 per cent in morning trading on Wednesday.Ithaca said its potential merger with Eni’s assets would be a “transformational” deal for the company, which agreed in April 2022 to pay as...
...In the fourth quarter the borough’s median home price fell 3 per cent from a year earlier to $725,000, according to the Corcoran Group. For new developments, the number of sales dropped by nearly half....
...Lawsuits targeted HomeServices in particular because of Berkshire’s financial resources including $167.6bn in cash, far more than independent brokers....
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