November 18, 20240 Comments

European oil giants step back from renewables path By Reuters

By Ron Bousso LONDON (Reuters) – Almost five years ago, BP (NYSE:) embarked on an ambitious attempt to transform itself from an oil company into a business focused on low-carbon power. The British company is now trying to return to its roots as a big oil and gas player with a growth story to match rivals, revive its share price and allay investor concerns over future profits. Rivals Shell (LON:)

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November 8, 20240 Comments

Top Wall Street execs are getting skeptical on the Fed’s easing path

A trader works as a screen displays the Fed rate announcement, on the floor of the New York Stock Exchange on June 12, 2024. Brendan McDermid | Reuters RIYADH, Saudi Arabia — Major Wall Street CEOs see ongoing inflation pressures in the U.S. economy and aren’t convinced that the Federal Reserve will continue its rate-easing path with a further two reductions this year. The Fed cut its benchmark rate by 50 basis points in

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