By Sheila Dang HOUSTON (Reuters) -Hess CEO John Hess said on Tuesday he sees the oil market as closer to being balanced than oversupplied this year, despite worries about demand from China and greater production from U.S. and non-OPEC producers. He offered an optimistic view of the shale oil market and his company’s own prospects …
Hess CEO upbeat on oil demand, says Guyana’s potential barely scratched Read More »
By Davide Barbuscia NEW YORK (Reuters) – A unified government under President-elect Donald Trump is unlikely to lead to a quick resolution of the U.S. debt-ceiling debate given a narrow Republican House majority and continued disagreements within the party on spending policies, said ratings agency Fitch. As part of a 2023 budget agreement, Congress temporarily …
Fitch warns of US debt-ceiling stalemate despite Republican-controlled government Read More »
By Lucia Mutikani WASHINGTON (Reuters) -U.S. job openings unexpectedly increased in November while hiring softened, suggesting the labor market continued to slow at a pace that probably does not require the Federal Reserve to be in a rush to cut interest rates. The Job Openings and Labor Turnover Survey, or JOLTS report, from the Labor …
US labor market stable as job openings rise, hiring eases in November Read More »
(Reuters) – Warner Bros Discovery’s streaming platform Discovery+ is increasing its monthly subscription price by $1, the company said on Tuesday, becoming the first streaming service to raise rates in the new year. Last year, several streaming services, including Warner Bros Discovery’s flagship service Max, Paramount+, and Peacock, increased subscription prices to focus on profitability …
Discovery+ prices go up by a dollar in first hike by streaming service this year Read More »
(Reuters) -U.S. online spending rose nearly 9% during the 2024 holiday season, with shoppers increasingly buying products such as TVs and LEGO sets on their smartphones, data from Adobe Analytics showed on Tuesday. Holiday spending from Nov. 1 through Dec. 31 rose 8.7% to about $241.4 billion online, higher than Adobe’s initial forecast of $240.8 …
US online holiday sales rise nearly 9% on mobile shopping boom, report shows Read More »
(Reuters) – U.S. President-elect Donald Trump said on Tuesday he will move quickly to revoke an offshore oil and gas drilling ban announced by outgoing Democratic President Joe Biden. “Banning offshore drilling will not stand. I will reverse it immediately,” Trump said at a news conference. He added: “I will revoke the offshore oil, gas …
Trump says he will revoke Biden offshore drilling ban immediately Read More »
(Reuters) -U.S. oil refiner Phillips 66 said on Monday it will acquire various pipelines and distribution systems from Ares-backed pipeline operator EPIC NGL in an all-cash deal for $2.2 billion, as it seeks to prop its natural gas liquid bet. NGLs include a group of hydrocarbons extracted from natural gas in a processing plant, and …
Phillips 66 strikes $2.2 billion EPIC NGL deal to boost natural gas liquids bet Read More »
By Jarrett Renshaw and Timothy Gardner (Reuters) – Advisers to U.S. President-elect Donald Trump are urging him to take a patient approach to restarting approvals for liquefied natural gas export licenses, fearing rapid approvals will only get overturned in court, according to two sources familiar with the discussions. The recommendations offer a preview of the …
Trump promised swift action on LNG exports, but advisers preaching patience Read More »
By Matt Tracy (Reuters) – U.S. companies rushed to the corporate bond markets on Monday as what is usually a seasonal fund-raising spree over the first few days of a new year gained extra momentum to get ahead of any further rise in Treasury yields – which would increase funding costs – after jobs data …
US companies rush to bond market in fundraising flurry Read More »
NEW YORK (Reuters) – Point72 Asset Management has hired Todd Hirsch, a former senior managing director at Blackstone, to head a new strategy focused on the fast-growing private credit business, according to an internal statement seen by Reuters. Steve Cohen, the firm’s founder, said in the statement that demand for private credit “continues to exceed …
Point72 kicks off new private credit strategy, statement shows Read More »
