(Reuters) -The Biden administration will offer oil and gas drilling leases in Alaska’s Arctic National Wildlife Refuge at a sale on Jan. 9, the U.S. Interior Department said on Monday. The agency will make 400,000 acres (161,874 hectares) available to drillers at the auction, the minimum required by a law that mandated the sale. ANWR …
US to offer minimum acreage required at Alaska oil and gas auction Read More »
By Dietrich Knauth (Reuters) -Lawyers for conspiracy theorist Alex Jones urged a U.S. bankruptcy judge to block the sale of his Infowars website to the Onion news parody site at a Monday court hearing in Houston. The Onion was named the winning bidder for Infowars in a November bankruptcy auction, but Jones and a company …
US judge weighs fate of the Onion’s buyout of Infowars Read More »
By Echo Wang (Reuters) -Wall Street’s main indexes closed lower on Monday, driven by a drop in AI leader Nvidia that weighed on tech stocks, as investors looked ahead to a crucial inflation report set for later this week. Nvidia fell 2.5% after China’s market regulator launched an investigation into the chipmaker over suspected violation …
By Zaheer Kachwala (Reuters) -Oracle’s second-quarter revenue grew less than Wall Street expected on Monday, hit by stiff competition among database and cloud services providers, sending its shares down more than 7% in extended trading. While seeing healthy growth in its cloud segment, Oracle competes with cloud heavyweights such as Microsoft and Amazon, which have …
Oracle misses quarterly results estimates on stiff cloud competition Read More »
By Mike Scarcella (Reuters) – TikTok and its Chinese owner ByteDance have turned to a veteran U.S. Supreme Court lawyer as they prepare to ask the justices to block a law that could ban the popular short video platform in the United States. Noel Francisco, who served as U.S. solicitor general during Republican President-elect Donald …
TikTok hires ex-Trump administration lawyer ahead of Supreme Court appeal Read More »
By Chris Prentice and Amanda Cooper NEW YORK/LONDON (Reuters) – Global shares turned lower on Monday as traders focused on U.S. inflation data and chip stocks fell, while Beijing’s promise of stimulus and the sudden collapse of the Syrian government boosted oil and gold prices more than 1%. U.S. inflation data this week could cement …
Global, US stocks fall; oil, gold rise over 1% on geopolitical risk Read More »
(Reuters) -Kinder Morgan forecast higher earnings for 2025 on Monday as the U.S. pipeline operator bets on growth in its natural gas pipelines and energy transition ventures amid rising demand for the fuel. Shares of the Houston, Texas-based company were up 1.7% after the market close. Pipeline operators such as Kinder Morgan are also banking …
(Reuters) -C3.ai raised its forecast for fiscal year 2025 revenue on Monday, helped by healthy demand for the company’s enterprise artificial intelligence software as companies look for tools to help streamline their workflow. The company now expects revenue to be between $378 million and $398 million, from its previous forecast of $370 million to $395 …
C3.ai lifts annual forecast on strong demand for enterprise AI software Read More »
By Nicole Jao NEW YORK (Reuters) – Fuelmakers in California could face more headwinds next year as new legislation takes effect and refining margins remain weak, the U.S. Energy Information Administration (EIA) said on Monday. WHY IT IS IMPORTANT California, the most populous U.S. state, consistently faces some of the nation’s highest average gasoline prices, …
California law, refinery exit reflect ongoing fuel market challenges, EIA says Read More »
(Reuters) – Barington Capital and Thor Equities urged Macy’s to create a real estate unit and consider options for its Bloomingdale’s and Bluemercury chains after building a position, the activist investor group said on Monday without disclosing their stake. The group said Macy’s board lacks the “knowledge, vision and desire” to extract the maximum value …
Activist investor group pushes Macy’s to consider options for Bloomingdale’s Read More »
