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...European wholesale gas prices and global agricultural commodities prices are roughly back to their early 2021 levels, before their war-related rises....
...Berkshire did not disclose any new investments in the fourth quarter of 2023, although it increased its holdings in satellite radio operator SiriusXM and in oil majors Chevron and Occidental Petroleum....
...Lego is fundamentally a product that is petroleum-based. I mean, ABS plastic has a core element of petroleum. Their entire product is based on oil....
...Meanwhile, wholesale US diesel prices fell almost 2 per cent, dropping to $3.148 a gallon....
...Rival UWM, the parent company of United Wholesale Mortgage, has gained 43 per cent. Mortgage lending is a feast or famine business. The market takes the view that the interest cycle has peaked....
...The news outlet/hedge fund Hunterbrook, in its debut article/short sale, sent the stock of United Wholesale Mortgage down 8 per cent....
...BlackRock is set to invest $550mn into the world’s biggest direct air capture project, which is being developed by Occidental Petroleum, in a sign of growing investor confidence in the nascent technology...
...It buys cars from consumer and wholesale channels and tries to sell them as quickly as possible, capturing the pricing spread (Carvana attempts to sell vehicles within 70 days)....
...surge in supply led to gluts in the region surrounding CVR’s two refineries in Coffeyville, Kansas and Wynnewood, Oklahoma, allowing the company to buy crude oil at knockdown local prices and sell refined petroleum...
...with the claims about energy companies, saying “BlackRock clients have more than $170bn invested in American energy companies” and touted last month’s $550mn investment by a BlackRock fund in Occidental Petroleum...
...Wholesale areas (est. 60% of core Citi) are positioned for share gains with its ~5K multinational and ~12K corporate clients in 3 LOBs: Services (27%, mostly payments), Markets (25%), and Banking (8%)....
...Elliott later made wholesale management change the focus of its demands. Since mid-May, NRG’s shares have risen 47 per cent, compared with a 10 per cent loss for the S&P 500 utilities index....
...An interesting example is BJ’s Wholesale, a members-club bulk retailer that is popular among a wide range of consumers....
...News round-up General Atlantic takes first step towards potential US listing (FT) Cigna pulls out of blockbuster deal to create insurance giant with Humana (FT) Occidental Petroleum agrees $12bn deal...
...Irving Oil, the owner of Canada’s largest petroleum refinery, has launched a strategic review of the private company that could result in a sale or a change in its sprawling energy portfolio....
...That compares to the $22.3bn and the $28bn made by Quicken Loans owner Rocket Company and UWM, the parent company of United Wholesale Mortgage. Zillow’s loan business is also unprofitable....
...Berkshire also added to his positions in Capital One and oil producer Occidental Petroleum....
...A version of this article was first published by Nikkei Asia on December 18. ©2023 Nikkei Inc. All rights reserved....
...Francois called on Grant Shapps, who was appointed defence secretary last month, to consider “wholesale reform” to the way the ministry acquires new systems....
...As part of the deal, Disney will allow pay-television provider Charter to offer some of its ad-supported streaming offerings — including Disney+ and ESPN+ — to its customers as part of a “wholesale” arrangement...
...But Toyota has signalled that it does not intend to adopt the Tesla approach to gigacasting wholesale, relying instead on its decades of experience to find its own approach....
...Granholm has cheered on Occidental Petroleum’s plans to deploy direct air capture technology, which sucks CO₂ from the atmosphere to be stuffed underground, in the oilfields of west Texas....
...Fitch, Standard and Poor’s and Moody’s are the world’s three most prominent agencies engaged in rating wholesale debt. Moody’s still rates the US as AAA....
...Both Virtu and Citadel Securities are active in several markets including options and corporate bond trading, but are best known for their profitable US equities businesses where they “wholesale” orders,...
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