Fri, December 6, 2024

by: Upstream

Chevron's 2025 capex reduction could be a precursor to other supermajor rein-ins next year

by: Tuko

Kenya to Borrow KSh 500b Diaspora Loan to Upgrade JKIA, Finance Other Projects

by: bnnbloomberg

A Sociologist Shines a Light on Traders, Flash Boys and Online Adtech

by: Seeking Alpha

Gibson Energy: A 6.4% Dividend Yield While Investing In Growth

Discover why Gibson Energy is a strong investment option with its generous dividend, low payout ratio, and improved financial health.

by: AOL

Exclusive: Prima, Mexico-based manufacturing and supply chain integrator, reveals it has raised $42.5 million

Prima raised $23 million in new Series A backing earlier this year, a few months before Donald Trump's election victory.

by: WTOP News

MGM National Harbor had a slower November than last year

by: Kiplinger

Lululemon Jumps to the Top of the S&P 500 After Earnings. Here's Why

Lululemon had a rough start to 2024, but shares bottomed over the summer and have been trending higher since. And Wall Street thinks brighter days are in store for the consumer discretionary stock. According to S&P Global Market Intelligence, the consensus recommendation among the 36 covering analysts it tracks is a Buy.

by: Slate

The Real Reason UnitedHealthcare's Stock Prices Spiked After Its CEO's Murder

UnitedHealthcare is not alone in this position. A group of academics found in 2016 that it's not uncommon for stocks to go up after the sudden death of a CEO. Sometimes the market expresses its lack of faith in a dead CEO by boosting the stock after their passing.

by: Miami Herald

Here's a plan to fix the housing crisis, starting with boosting home inventory

by: Yahoo Finance

CWB to reschedule fourth quarter and fiscal 2024 results release

CWB Financial Group (TSX: CWB) ("CWB") today announced that the release of its fourth quarter and fiscal 2024 financial results will be rescheduled. CWB deferred the release of its results from the originally planned date of December 6,

by: Crain's Cleveland Business

Kluch opening its largest cannabis facility yet in Cuyahoga Falls

Klutch Cannabis is working on construction at 1972 Akron-Peninsula Road, converting a former packaging plant on the city's border with Akron, where it plans to begin operations next year, said Klutch Founder and CEO Adam Thomarios.

by: MSN

9 Income Streams You Can Build While Still an Employee, According to Codie Sanchez

From Wall Street to Main Street, Codie Sanchez is leading a revolution in personal finance and wealth. The author of "Main Street Millionaire" is on a self-proclaimed mission "to create 1

by: Reuters

Inflation prompts India cenbank to raise agri loan limit

India's central bank said on Friday it will raise the limit for collateral-free agriculture loans to 200,000 rupees ($2,364.15) in a bid to enhance access to formal credit for small and marginal farmers in the country.

by: Fox Business

The U.S. added 227,000 jobs in November, setting in motion potential Fed rate cuts in December

The job market remains stable but isn't growing substantially. This may lead to more interest rate cuts when the Fed meets in December.

by: MSN

This anti-'woke' investor is wooing Trump voters. His first target: Starbucks

The anti-'woke' Azoria fund targeting Starbucks and other S&P 500 companies is the first to try to profit from the Trump election.

by: Reuters

Exclusive: WhatsApp use by Credit Suisse staff scrutinised by UK regulator, documents show

The UK's Financial Conduct Authority is scrutinising allegations that some former Credit Suisse employees shared confidential information over the WhatsApp messaging platform, documents seen by Reuters show.
Sat, December 7, 2024

by: NBC News

Wealthy Americans are still ducking the IRS crackdown on non-filers

A quirk in federal tax law may be incentivizing wealthy people who want to avoid paying taxes to simply not file their returns.

by: Morning Journal

CIC approves loan for local business

by: Crain's Cleveland Business

Klutch opening its largest cannabis facility yet in Cuyahoga Falls

Klutch Cannabis is working on construction at 1972 Akron-Peninsula Road, converting a former packaging plant on the city's border with Akron, where it plans to begin operations next year, said Klutch founder and CEO Adam Thomarios.

by: Parkersburg News and Sentinel

Under the Dome: Proposed late special session of West Virginia Legislature raises questions

As workers were picking up the pieces of the fallen Capitol Christmas Tree Thursday morning due to high winds, lawmakers and legislative staff were trying to determine how to conduct a last-minute special session.

by: Adirondack Daily Enterprise

Who is seeking a run in the NY-21 special election?

There are six people publicly planning to run for the NY-21 congressional seat in a yet-to-be-announced special election as current North Country Rep. Elise Stefanik is set to vacate the seat after accepting a nomination to be the next U.

by: CTV News

Canada's air force took video of object shot down over Yukon, updated image released

The Canadian military has released more details and an updated image of the unidentified object shot down over Canada's Yukon territory in February 2023.

by: Investopedia

What It Takes to Become an Elite Trader

The elite trader develops a serious approach to the financial markets, weighing risk against potential reward at all times. They hone their craft through detailed recordkeeping, carefully chosen data sources, well-defined trading edges, and lifelong connections with mentors who will guide them to the next level of achievement.

by: The Globe and Mail

Laurentian Bank settles with former CEO Rania Llewellyn

Laurentian Bank of Canada N/A paid out $25.6-million in severance over the past year, including a settlement with former chief executive officer Rania Llewellyn, as the country's eighth-largest lender shifted its strategy to focus on commercial borrowers.

by: Fortune

Fortune - Fortune 500 Daily & Breaking Business News | Fortune

Get global perspectives and insights from CEOs on the biggest stories in business. New jobs and developments are booming, but locals have been left to guess how their community fits into the ...

by: The Express Tribune

Dar-led body to review tax on banks

Terms of reference (ToRs) of the committee are to review the existing legal framework related to ADR of the banking sector and deliberate on alternative fiscal schemes to tax bank profits accrued from investment in government securities.

by: ThePrint

Minimum Government Maximum Governance is India's reform agenda: FM Sitharaman

by: Business Line

Two veterans start a health insurance firm: Should you take their cover?

by: Parkersburg News and Sentinel

Parkersburg City Council to weigh raises for elected officials

Raises for elected officials are back on the Parkersburg City Council agenda. The first readings of ordinances increasing the mayor's annual salary from $90,000 to $97,000 and council members' from $6,

by: Business Standard

Annapurna Finance raises $109.5 mn via multilateral ECB transactions

Micro and SME lender Annapurna Finance has raised USD 109.5 million (around Rs 927 crore) through a multilateral syndicated social loan facility under the external commercial borrowing framework, a statement said on Saturday.

by: The New York Times

Backers of Most U.S. Mortgages Have Done Little About Climate Risks

Fannie Mae and Freddie Mac know increasing floods and wildfires are a problem. Dealing with them, however, would require trade-offs.

by: Business Insider

Best CDs Right Now to Maximize Your Savings

See how we rate banking products to write unbiased product reviews. At Business Insider, we independently check over 100 nationwide banks and credit unions to find the best CD rates for you.

by: AOL

Dollar General, Dollar Tree's consumers continue to tighten their belts as the risk of tariffs loom

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by: AOL

What is credit card churning?

Credit card churning is the process of frequently opening new credit cards, typically with the hope of earning a card's sign-up bonus, then moving onto the next offer. Since issuers often impose restrictions on how many cards and bonuses you can qualify for, credit card churners may try to "game the system" to earn as much bonus value as possible.

by: Business Insider

Best Identity Theft Protection Companies of 2024: Reviews, Fees, and Comparisons

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by: Yahoo Finance

Truist Financial Corporation (TFC)

by: Yahoo Finance

Money mistake that cost woman $40,000 home and marriage: 'Husband's betrayal'

Sharee was about to buy a new business when she realised her husband had a devastating financial secret, says personal finance expert .

by: AOL

Waymo's robotaxis a threat to Uber's business? Not so fast, analyst says

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4 people who bought and sold homes without a traditional real-estate agent break down how and why they did it

Homebuyers and sellers who didn't hire a typical real-estate broker said their decisions were motivated more by speed and convenience than saving money.

by: MSN

Q2 GDP slowdown not systemic, likely to rebound in Q3, says FM Sitharaman

India's Finance Minister Nirmala Sitharaman addressed concerns about the recent economic slowdown on Friday. The Indian economy grew by 5.4% in the July-September quarter, a seven-quarter low. Sitharaman believed this slowdown is temporary,

by: MSN

In business, new problems need new solutions

IN the distant past, entrepreneurs did not have to worry about such incidents as phishing, internet outages, software errors, malware, ransomware and data leaks. But they had to endure cold calls, flying overseas just for meetings and snail mail proposals.

by: MSN

Private Equity Is Set to Profit Off a Border Crackdown

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Capital One Savings Account Review 2024: Pros, Cons, and Alternatives

Explore our Capital One Savings Account review, which analyzes its features and benefits so you can see if it's the right fit for your savings goals.

by: MSN

Over 1,800 CEOs have resigned in 2024, making this the year of the mic drop exit for head honchos

by: MSN

Equifax Benefits From Strategic Buyouts Amid Declining Liquidity

Equifax Inc. EFX benefits from its disciplined acquisition strategy, enabling it to expand internationally. Statistical tools used by the company enable it to provide innovative insights to its clients.

by: MSN

H&R Block Tax Software Review: Pros, Cons, And Alternatives

Source: The College Investor H&R Block offers easy-to-use software for tax filers who want to complete their taxes online or using their desktop computer. H&R Block online tax prep consistently ranks runner-up in annual listings of the most popular online tax preparation software.

by: MSN

I'm a financial planner, and all my millionaire clients have 4 habits in common

Her millionaire clients keep a long-term focus on their finances, make a plan and stick to it, and don't get freaked out by market swings.

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America's Car-Mart, Inc. (NASDAQ:CRMT) Q2 2025 Earnings Call Transcript

Q2 2025 Earnings Call Transcript December 5, 2024 Operator: Hello, and thank you for standing. Welcome to America's Car-Mart Second Quarter Fiscal 2025 Result. At this time all participants are in a listen-only mode.

Chevron's 2025 capex reduction could be a precursor to other supermajor rein-ins next year

US operator Chevron has slashed its planned capital expenditure for next year, with cuts directed towards the company's Permian basin shale business, the company said on Thursday.

The article from Upstream Online discusses Chevron's plan to reduce its capital expenditure (capex) in 2025, which could signal similar financial strategies among other supermajor oil companies in the following year. Chevron has announced a decrease in its capex budget, aiming to optimize its spending after a period of high investment in projects like Tengiz in Kazakhstan and the Permian Basin. This move is seen as a response to the volatile oil market conditions and a strategic shift towards efficiency and shareholder returns. The reduction might encourage other major oil companies to reassess their investment plans, potentially leading to a broader industry trend of cost-cutting and capital discipline. This could impact global oil supply dynamics and investment in new oil and gas projects, reflecting a cautious approach amidst uncertainties in energy demand and prices.

Read the Full Upstream Article at:
https://www.upstreamonline.com/finance/chevron-s-2025-capex-reduction-could-be-a-precursor-to-other-supermajor-rein-ins-next-year/2-1-1749660