Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024. Ann Wang | Reuters Apple, Microsoft, Amazon and Google were the four leading global brands at the end of 2023, according to consulting firm Interbrand. They’re are also four of the world’s five most valuable companies. … Read more
A federal judge in Texas on Monday dismissed a controversial lawsuit by Exxon Mobil against activist shareholder Arjuna Capital over a climate proposal, ruling that the firm’s promise it would not resubmit the proposal had rendered the case moot. “Arjuna has eliminated any case or controversy between the Parties here, Exxon’s claim is moot and … Read more
U.S. President Joe Biden greets members of the U.S. Border Patrol at the U.S.-Mexico border in Brownsville, Texas, U.S., February 29, 2024. Kevin Lamarque | Reuters Immigration — both authorized and unauthorized — has helped the U.S. job market sustain a fiery run in recent months without reigniting inflation, economists and analysts say. The effect … Read more
Investors worried about concentration risk in the market may want to consider value-oriented investments. Avantis Investors chief investment strategist Phil McInnis suggests taking a more diversified approach than simply looking at index funds such as the S&P 500. He thinks his firm’s exchange-traded fund strategy can provide better returns in the long run, emphasizing companies … Read more
US President Donald Trump gestures as CEO of Bank of America Brian Moynihan (L) speaks during a meeting with banking leaders to discuss how the financial services industry can meet the needs of customers affected by COVID-19 at the White House in Washington, DC on March 11, 2020. Brendan Smialowski | AFP | Getty Images … Read more
Chip Somodevilla | Getty Images News | Getty Images A former IRS employee was charged in Utah federal court for allegedly trying to steal $2.1 million in tax credits owed to Exxon Mobil by diverting the funds using a taxpayer database he had access to. Prosecutors said Wednesday that former IRS account management worker Rodney … Read more
The Aramco logo is displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images Saudi Arabia is set to raise more than $11.2 billion from its secondary public share offering in state-controlled oil giant Aramco, after the stock was priced at the lower end of its expected range. The company on Friday said … Read more
U.S. crude prices fell for the fifth straight day Tuesday, but we remain committed to our lone oil-and-gas stock in Coterra Energy . West Texas Intermediate has been moving lower since its early April peak, with Tuesday bringing the U.S. oil benchmark to its lowest settle since Feb. 5, at $73.25 a barrel. Some of … Read more
An Exxon gas station sign is seen on October 06, 2023 in the Brooklyn borough of New York City. Michael M. Santiago | Getty Images Four years ago, Exxon Mobil’s reign as the longest serving component in the Dow Jones Industrial Average came to an abrupt end, when the oil major was replaced by Salesforce … Read more
ConocoPhillips headquarters in Houston, Texas, US, on Tuesday, Oct. 31, 2023. Bloomberg | Bloomberg | Getty Images ConocoPhillips agreed on Wednesday to buy Marathon Oil in an all-stock transaction worth $17 billion that would bolster the company’s shale assets as the broader oil and gas industry undergoes a major wave of consolidation. The deal will … Read more
